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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 720,800 $ 694,846 $ 586,302
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of deferred sales commissions 31,886 41,066 49,145
Non-cash long-term incentive compensation expense 185,234 152,162 176,160
Depreciation and other amortization 66,999 59,026 56,426
Unrealized losses (gains) on investments 3,554 (28,204) 29,281
Losses on real estate asset write-offs 8,161 5,456 0
Other, net 5,028 3,629 (2,888)
Changes in assets and liabilities:      
Decrease (increase) in segregated cash and securities 129,747 (380,823) (88,997)
Decrease (increase) in receivables 65,982 (295,677) (121,985)
Decrease in investments 293 187,752 58,053
Decrease (increase) in deferred sales commissions 1,878 (5,886) (29,925)
(Increase) decrease in other assets (13,131) 12,961 (42,690)
(Decrease) increase in payables (338,523) 886,520 65,309
Increase (decrease) in accounts payable and accrued expenses 23,090 2,459 (32,372)
Increase (decrease) in accrued compensation and benefits 12,187 (3,238) (34,645)
Net cash provided by operating activities 645,452 1,548,048 667,174
Cash flows from investing activities:      
Purchases of investments (12) 0 (168)
Proceeds from sales of investments 11 372 4,240
Purchases of furniture, equipment and leasehold improvements (39,417) (36,728) (30,217)
Proceeds from sales of furniture, equipment and leasehold improvements 75 15 2
Purchase of intangible asset 0 (2,500) 0
Purchase of businesses, net of cash acquired 0 (20,541) 0
Net cash used in investing activities (39,343) (59,382) (26,143)
Cash flows from financing activities:      
(Repayment) issuance of commercial paper, net (28,553) (72,003) 93,867
Proceeds from bank loans 75,000 0 0
Increase (decrease) in overdrafts payable 63,393 (84,512) 79,540
Distributions to General Partner and Unitholders (644,139) (537,564) (597,872)
Purchases (redemptions) of non-controlling interests of consolidated company-sponsored investment funds, net (43,217) 364 (12,165)
Purchase of non-controlling interest (1,833) 0 0
Capital contributions from affiliates 366 1,000 2,041
Payments of contingent payment arrangements/purchase of shares (7,592) (5,545) (5,027)
Additional investments by AB Holding with proceeds from exercise of compensatory options to buy AB Holding Units 20,110 6,108 9,233
Purchases of AB Holding Units to fund long-term incentive compensation plan awards, net (219,627) (235,893) (213,484)
Purchases of AB Units (1,003) (374) (805)
Other 0 (22) (26)
Net cash used in financing activities (623,931) (1,061,278) (644,698)
Effect of exchange rate changes on cash and cash equivalents 21,760 (10,178) (10,353)
Net increase (decrease) in cash and cash equivalents 3,938 417,210 (14,020)
Cash and cash equivalents as of beginning of the period 994,510 541,483 555,503
Cash and cash equivalents as of beginning of the period     577,300
Cash and cash equivalents as of end of the period 998,448 994,510 541,483
Cash paid:      
Interest paid 30,975 11,148 3,984
Income taxes paid 67,421 27,387 25,999
Non-cash investing activities:      
Fair value of assets acquired 0 33,583 0
Fair value of liabilities assumed 0 1,149 0
Fair value of redeemable non-controlling interest recorded 0 0 0
Non-cash financing activities:      
Payables recorded under contingent payment arrangements 0 11,893 0
VIEs Consolidated [Member]      
Adjustments to reconcile net income to net cash provided by operating activities:      
Unrealized losses (gains) on investments (36,340) (29,121) 0
Changes in assets and liabilities:      
Consolidation of cash and cash equivalents of consolidated company-sponsored investment funds 0 358,534 0
Decrease in investments (639,067) (342,938) 0
(Increase) decrease in other assets 417,674 229,524 0
Cash flows from financing activities:      
Purchases (redemptions) of non-controlling interests of consolidated company-sponsored investment funds, net 163,164 (132,837) $ 0
Cash and cash equivalents as of beginning of the period 337,525    
Cash and cash equivalents as of end of the period $ 326,518 $ 337,525