Revenue Recognition

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

Revenues for the three months ended March 31, 2020 and 2019 consisted of the following:

	Three Months Ended March 31,
	2020			2019
	(in thousands)
Subject to contracts with customers:
Investment advisory and services fees
Base fees	$	613,587		$	552,230
Performance-based fees	8,138			4,364
Bernstein research services	129,223			90,235
Distribution revenues
All-in-management fees	86,357			61,773
12b-1 fees	19,453			19,586
Other	25,047			19,150
Other revenues
Shareholder servicing fees	20,843			17,830
Other	4,672			4,018
	907,320			769,186
Not subject to contracts with customers:
Dividend and interest income, net of interest expense	11,146			10,183
Investment (losses) gains	(44,306		)	15,735
Other revenues	(4		)	358
	(33,164		)	26,276
Total net revenues	$	874,156		$	795,462