Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2019

Revenues for Services Provided or Related to the Mutual Funds

Revenues for services provided or related to the mutual funds are as follows:



	Years Ended December 31,
	2019		2018		2017
	(in thousands)
Investment advisory and services fees	$	1,275,677	$	1,207,086	$	1,148,467
Distribution revenues	441,437		403,965		397,674
Shareholder servicing fees	75,122		74,019		73,310
Other revenues	7,303		7,262		6,942
Bernstein Research Services	2		33		13

Consolidated Financial Statements for Transactions with Related Parties

Aggregate amounts included in the consolidated financial statements for transactions with EQH, AXA and their respective subsidiaries, as of and for the years ended December 31, are as follows:



	EQH								AXA
	2019			2018			2017		2019			2018			2017
	(in thousands)
Revenues:
Investment advisory and services fees	$	109,316		$	104,810		$	98,450	$	65,086		$	64,347		$	58,980
Bernstein Research Services	—			—			—		45			134			403
Distribution revenues	—			—			—		12,968			13,897			13,387
Other revenues	1,013			1,104			864		482			625			266
	$	110,329		$	105,914		$	99,314	$	78,581		$	79,003		$	73,036
Expenses:
Commissions and distribution payments to financial intermediaries	$	3,956		$	3,964		$	3,828	$	16,693		$	17,603		$	15,374
General and administrative	2,466			2,615			2,610		11,501			12,391			9,818
Other	2,759			1,485			1,696		—			—			—
	$	9,181		$	8,064		$	8,134	$	28,194		$	29,994		$	25,192
Balance Sheet:
Institutional investment advisory and services fees receivable	$	8,716		$	9,751				$	10,842		$	7,861
Prepaid expenses	238			364					—			—
Other due to EQH, AXA and their respective subsidiaries	(2,111		)	(1,842		)			(5,234		)	(5,417		)
EQH Facility	(560,000		)	—					—			—
	$	(553,157	)	$	8,273				$	5,608		$	2,444