LOANS TO FINANCIAL ADVISORS, NET (Tables)

12 Months Ended

Sep. 30, 2024

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	2024			2023
Affiliated with the firm as of year-end (1)	$	1,350		$	1,158
No longer affiliated with the firm as of year-end (2)	16			10
Total loans to financial advisors	1,366			1,168
Allowance for credit losses	(40)			(32)
Loans to financial advisors, net	$	1,326		$	1,136
Accrued interest receivable on loans to financial advisors (included in “Other receivables, net”)	$	9		$	6
Allowance for credit losses as a percent of total loans to financial advisors	2.93		%	2.74		%

(1)These loans were predominantly current.

(2)These loans were on nonaccrual status and approximately half were past due for a period of 180 days or more.