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BMO Related Party Transactions
12 Months Ended
Dec. 31, 2014
Related Party Transactions [Abstract]  
BMO Related Party Transactions

14. BMO Related Party Transactions

In May 2006, the Company acquired the rights to advise, distribute and administer the Insight Funds from BMO Asset Management Corp. (“BMO”), a subsidiary of BMO Financial Corp. BMO and BMO Financial Corp., a significant stockholder of the Company, are related parties of the Company.

Subadvisory investment management fees and distribution and administration fee expenses paid or payable to BMO were $0.1 million, $0.5 million and $2.1 million for the years ended December 31, 2014, 2013 and 2012 respectively. No amount was payable to BMO and its affiliates at December 31, 2014. At December 31, 2013, less than $0.1 million was payable to BMO and its affiliates related to subadvisory investment management fees and distribution fees.