Revenue Recognition

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

Revenues for the three months ended March 31, 2024 and 2023 consisted of the following:

	Three Months Ended March 31,
	2024		2023
	(in thousands)
Subject to contracts with customers:
Investment advisory and services fees
Base fees	$	754,239	$	692,327
Performance-based fees	30,166		36,580
Bernstein research services	96,222		100,038
Distribution revenues
All-in-management fees	78,424		68,788
12b-1 fees	16,605		15,155
Other distribution fees	70,661		57,135
Other revenues
Shareholder servicing fees	21,663		20,293
Other	3,820		5,691
	1,071,800		996,007
Not subject to contracts with customers:
Dividend and interest income, net of broker-dealer related interest expense	20,798		22,658
Investment gains	11,743		5,264
Other revenues	(190)		162
	32,351		28,084
Total net revenues	$	1,104,151	$	1,024,091