Revenue Recognition

3 Months Ended

Mar. 31, 2018

Revenue from Contract with Customer [Abstract]

See Note 2, Significant Accounting Policies, Revenue Recognition, for descriptions of revenues presented in the table below. The adoption of ASC 606 had no impact on revenue recognition during the first quarter of 2018. Revenues for the three months ended March 31, 2018 and 2017 consisted of the following:



	Three Months Ended March 31,
	2018		2017
	(in thousands)
Subject to contracts with customers:
Investment advisory and services fees
Base fees	$	567,338	$	492,176
Performance-based fees	6,260		6,114
Bernstein research services	114,400		112,741
Distribution revenues
All-in-management fees	66,748		54,519
12b-1 fees	22,534		24,789
Other	18,722		17,246
Other revenues
Shareholder servicing fees	19,530		17,964
Other	5,628		3,952
	821,160		729,501
Not subject to contracts with customers:
Dividend and interest income, net of interest expense	18,675		9,766
Investment gains (losses)	26,082		25,201
Other revenues	1,870		449
	46,627		35,416

Total net revenues	$	867,787	$	764,917