Accounts Receivable

9 Months Ended

Mar. 31, 2012

Accounts Receivable [Abstract]

Accounts Receivable

Note 2—Accounts Receivable

The Company's accounts receivable balances do not include an allowance for doubtful accounts for the periods presented and there have been no bad debt expenses recognized during the three and nine months ended March 31, 2012 and 2011. Management believes the March 31, 2012 accounts receivable balances are fully collectible.

Significant Customer

The Company's client base consists of a large number of geographically diverse clients across many industries. For the three and nine months ended March 31, 2012, New York Life Investment Management, through the MainStay Epoch Funds and other funds sub-advised by EIP, accounted for approximately 17% and 18% of consolidated operating revenues, respectively. For the three and nine months ended March 31, 2011, this relationship accounted for 19% of consolidated operating revenues. See Note 6 —Strategic Relationship.