Revenue Recognition

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

Revenues for the three and six months ended June 30, 2019 and 2018 consisted of the following:

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
	(in thousands)
Subject to contracts with customers:
Investment advisory and services fees
Base fees	$	585,077	$	562,810	$	1,137,307	$	1,130,666
Performance-based fees	11,287		35,298		15,651		41,558
Bernstein research services	105,991		106,211		196,226		220,611
Distribution revenues
All-in-management fees	68,494		64,329		130,267		131,077
12b-1 fees	20,182		22,075		39,768		44,609
Other	19,671		18,714		38,821		37,436
Other revenues
Shareholder servicing fees	19,563		18,985		37,393		38,515
Other	4,496		5,781		8,514		11,534
	834,761		834,203		1,603,947		1,656,006
Not subject to contracts with customers:
Dividend and interest income, net of interest     expense	11,352		9,062		21,535		27,737
Investment gains (losses)	10,949		213		26,684		26,295
Other revenues	737		1,260		1,095		2,487
	23,038		10,535		49,314		56,519
Total net revenues	$	857,799	$	844,738	$	1,653,261	$	1,712,525