Revenue Recognition

6 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

Revenues for the three and six months ended June 30, 2020 and 2019 consisted of the following:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020			2019
	(in thousands)
Subject to contracts with customers:
Investment advisory and services fees
Base fees	$	569,296	$	585,077	$	1,182,883		$	1,137,307
Performance-based fees	8,907		11,287		17,045			15,651
Bernstein research services	113,609		105,991		242,832			196,226
Distribution revenues
All-in-management fees	75,828		68,494		162,185			130,267
12b-1 fees	17,830		20,182		37,283			39,768
Other	26,441		19,671		51,488			38,821
Other revenues
Shareholder servicing fees	19,694		19,563		40,537			37,393
Other	5,790		4,496		10,462			8,514
	837,395		834,761		1,744,715			1,603,947
Not subject to contracts with customers:
Dividend and interest income, net of interest expense	9,257		11,352		20,403			21,535
Investment (losses) gains	24,189		10,949		(20,117		)	26,684
Other revenues	608		737		604			1,095
	34,054		23,038		890			49,314
Total net revenues	$	871,449	$	857,799	$	1,745,605		$	1,653,261