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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue:      
Revenue $ 11,984 $ 12,143 $ 9,894
Interest and dividends 514 167 207
Other revenue, net (87) 63 64
Total revenue 12,411 12,373 10,165
Interest expense 142 94 102
Net revenue 12,269 12,279 10,063
Operating expenses:      
Compensation and benefits 8,568 8,720 7,186
Communications and data processing 687 485 413
Occupancy and equipment 582 547 522
Fund sub-adviser fees 250 245 187
Professional and consulting fees 182 151 109
Other operating expenses 596 526 361
Total operating expenses 10,865 10,674 8,778
Income before allocations to partners 1,404 1,605 1,285
Allocations to partners:      
Limited partners 165 208 189
Subordinated limited partners 165 189 149
General partners 1,074 1,208 947
Net income $ 0 $ 0 $ 0
Income allocated to limited partners per weighted average $1,000 equivalent limited partnership unit outstanding $ 135.65 $ 169.10 $ 147.81
Weighted average $1,000 equivalent limited partnership units outstanding 1,219,815 1,230,986 1,242,781
Total Fee Revenue [Member]      
Revenue:      
Revenue $ 10,500 $ 10,424 $ 8,175
Asset-based Fee Revenue [Member]      
Revenue:      
Revenue 9,808 9,737 7,515
Account and Activity Fee Revenue [Member]      
Revenue:      
Revenue 692 687 660
Trade Revenue [Member]      
Revenue:      
Revenue $ 1,484 $ 1,719 $ 1,719