Revenue Recognition

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

Revenues for the three months ended March 31, 2025 and 2024 consisted of the following:

	Three Months Ended March 31,
	2025		2024
	(in thousands)
Subject to contracts with customers:
Investment advisory and services fees
Base fees	$	817,866	$	754,239
Performance-based fees	37,246		30,166
Bernstein research services	—		96,222
Distribution revenues
All-in-management fees	88,444		78,424
12b-1 fees	16,252		16,605
Other distribution fees	94,324		70,661
Other revenues
Shareholder servicing fees	16,642		21,663
JV related revenues	9,334		—
Other	3,763		3,820
	1,083,871		1,071,800
Not subject to contracts with customers:
Dividend and interest income, net of broker-dealer related interest expense	16,833		20,798
Investment (losses) gains	(20,538)		11,743
Other revenues	441		(190)
	(3,264)		32,351
Total net revenues	$	1,080,607	$	1,104,151