LOANS TO FINANCIAL ADVISORS, NET (Tables)

12 Months Ended

Sep. 30, 2022

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

The following table presents the balances for our loans to financial advisors and the related accrued interest receivable.

	September 30,
$ in millions	2022			2021
Affiliated with the firm as of year-end (1)	$	1,173		$	1,074
No longer affiliated with the firm as of year-end (2)	8			10
Total loans to financial advisors	1,181			1,084
Allowance for credit losses	(29)			(27)
Loans to financial advisors, net	$	1,152		$	1,057
Accrued interest receivable on loans to financial advisors (included in “Other receivables, net”)	$	5		$	4
Allowance for credit losses as a percent of total loans to financial advisors	2.46		%	2.49		%

(1) These loans were predominantly current.

(2) These loans were predominantly past due for a period of 180 days or more.