Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2020

Related Party Transactions [Abstract]

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,
	2020		2019		2018
	(in thousands)
Investment advisory and services fees	$	1,368,484	$	1,275,677	$	1,207,086
Distribution revenues	516,336		441,437		403,965
Shareholder servicing fees	79,394		75,122		74,019
Other revenues	8,314		7,303		7,262
Bernstein Research Services	3		2		33
	$	1,972,531	$	1,799,541	$	1,692,365

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
	2020		2019		2018		2020		2019		2018
	(in thousands)
Revenues:
Investment advisory and services fees	$	115,901	$	109,316	$	104,810	$	73,482	$	65,086	$	64,347
Bernstein Research Services	—		—		—		23		45		134
Distribution revenues	—		—		—		12,925		12,968		13,897
Other revenues	1,330		1,013		1,104		353		482		625
	$	117,231	$	110,329	$	105,914	$	86,783	$	78,581	$	79,003
Expenses:
Commissions and distribution payments to financial intermediaries	$	3,952	$	3,956	$	3,964	$	14,848	$	16,693	$	17,603
General and administrative	2,281		2,466		2,615		8,928		11,501		12,391
Other(1)	5,463		3,644		1,485		—		—		—
	$	11,696	$	10,066	$	8,064	$	23,776	$	28,194	$	29,994
Balance Sheet:
Institutional investment advisory and services fees receivable	$	8,343	$	8,716			$	5,262	$	10,842
Prepaid expenses	404		238				—		—
Other due to EQH, AXA and their respective subsidiaries	(1,280)		(2,111)				(4,703)		(5,234)
EQH Facility	(675,000)		(560,000)				—		—
	$	(667,533)	$	(553,157)			$	559	$	5,608

(1) Prior period EQH 2019 is now presented to conform to current periods presentation.