Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The Company’s assets and liabilities measured at fair value on a recurring basis, excluding the assets and liabilities of consolidated sponsored investment products and the consolidated investment product, which are separately discussed in Note 12, as of March 31, 2016 and December 31, 2015 by fair value hierarchy level were as follows:

March 31, 2016

	Level 1		Level 2		Level 3		Total
($ in thousands)
Assets
Cash equivalents	$	28,617	$	—	$	—	$	28,617
Marketable securities trading:
Sponsored funds	66,144		—		—		66,144
Equity securities	10,048		—		—		10,048
Marketable securities available-for-sale:
Sponsored closed-end funds	3,313		—		—		3,313
Other investments:
Nonqualified retirement plan assets	5,319		—		—		5,319
Total assets measured at fair value	$	113,441	$	—	$	—	$	113,441

December 31, 2015

	Level 1		Level 2		Level 3		Total
($ in thousands)
Assets
Cash equivalents	$	54,772	$	—	$	—	$	54,772
Marketable securities trading:
Sponsored funds	29,331		—		—		29,331
Equity securities	9,168		—		—		9,168
Marketable securities available-for-sale:
Sponsored closed-end funds	2,997		—		—		2,997
Other investments
Nonqualified retirement plan assets	5,310		—		—		5,310
Total assets measured at fair value	$	101,578	$	—	$	—	$	101,578