XML 53 R42.htm IDEA: XBRL DOCUMENT v3.26.1
Revenue Recognition (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Disaggregation of Revenue [Line Items]        
Revenue subject to contracts with customers $ 1,140,120 $ 1,075,985 $ 2,292,766 $ 2,159,856
Not subject to contracts with customers:        
Dividend and interest income, net of broker-dealer related interest expense 16,689 20,475 34,154 37,308
Investment gains (losses) 13,505 (7,825) 44,564 (28,363)
Other revenues 690 272 1,246 713
Total revenue not from contract with customer 30,884 12,922 79,964 9,658
Net revenues 1,171,004 1,088,907 2,372,730 2,169,514
Base fees        
Disaggregation of Revenue [Line Items]        
Revenue subject to contracts with customers 860,302 805,319 1,709,484 1,623,185
Performance-based fees        
Disaggregation of Revenue [Line Items]        
Revenue subject to contracts with customers 46,644 38,659 112,676 75,905
All-in-management fees        
Disaggregation of Revenue [Line Items]        
Revenue subject to contracts with customers 89,887 86,926 180,695 175,370
12b-1 fees        
Disaggregation of Revenue [Line Items]        
Revenue subject to contracts with customers 14,772 15,248 29,538 31,500
Other distribution fees        
Disaggregation of Revenue [Line Items]        
Revenue subject to contracts with customers 96,260 96,193 193,504 190,517
Shareholder servicing fees        
Disaggregation of Revenue [Line Items]        
Revenue subject to contracts with customers 23,752 21,278 47,940 37,920
JV related revenues        
Disaggregation of Revenue [Line Items]        
Revenue subject to contracts with customers 6,628 9,013 12,989 18,347
Other        
Disaggregation of Revenue [Line Items]        
Revenue subject to contracts with customers $ 1,875 $ 3,349 $ 5,940 $ 7,112