Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Revenues

Revenues for the three and nine months ended September 30, 2020 and 2019 consisted of the following:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(in thousands)
Subject to contracts with customers:
Investment advisory and services fees
Base fees	$	623,593	$	608,765	$	1,806,476	$	1,746,072
Performance-based fees	6,946		7,619		23,991		23,270
Bernstein research services	98,514		102,014		341,346		298,240
Distribution revenues
All-in-management fees	83,466		77,110		245,651		207,377
12b-1 fees	19,068		20,287		56,351		60,055
Other	33,159		21,238		84,647		60,059
Other revenues
Shareholder servicing fees	20,753		20,020		61,290		57,413
Other	5,477		4,095		15,939		12,609
	890,976		861,148		2,635,691		2,465,095
Not subject to contracts with customers:
Dividend and interest income, net of interest expense	7,603		11,904		28,006		33,439
Investment (losses) gains	1,106		4,433		(19,011)		31,117
Other revenues	353		382		957		1,477
	9,062		16,719		9,952		66,033
Total net revenues	$	900,038	$	877,867	$	2,645,643	$	2,531,128