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INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES (Tables) | 3 Months Ended
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Mar. 31, 2023
Information about Receivables, Revenues, and Services [Abstract] |
Schedule of Revenues From Advisory Services | of investment advisory revenues earned from clients by their underlying asset class. We have also included average assets under management by asset class, on which we earn the investment advisory revenues.
| Three months ended |  |  |  |  |  |  |  |
(in millions) | 3/31/2023 |  | 3/31/2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment advisory fees |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity | $ | 833.9 |  |  | $ | 1,086.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed income, including money market | 102.4 |  |  | 106.6 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Multi-asset | 386.0 |  |  | 404.6 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Alternatives | 69.5 |  |  | 64.9 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total investment advisory fees | $ | 1,391.8 |  |  | $ | 1,662.1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total administrative, distribution, and servicing fees | 128.9 |  |  | 156.5 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital allocation-based income | 16.9 |  |  | 44.4 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues | $ | 1,537.6 |  |  | $ | 1,863.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Average AUM (in billions): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity | $ | 687.0 |  |  | $ | 886.5 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed income, including money market | 169.6 |  |  | 177.8 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Multi-asset | 422.2 |  |  | 453.7 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Alternatives | 44.1 |  |  | 41.9 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Average AUM | $ | 1,322.9 |  |  | $ | 1,559.9 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

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- Definition Tabular disclosure of the components of revenue recognized in the period for schedule-based fees earned for management of mutual funds based on average daily net assets and other investment management and advisory fees earned on other client portfolios based on asset valuations. + References No definition available. + Details
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- Definition Information about Receivables, Revenues, and Services + References No definition available. + Details
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