INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES (Tables)

6 Months Ended

Jun. 30, 2023

Information about Receivables, Revenues, and Services [Abstract]

Schedule of Revenues From Advisory Services

Net revenues earned for the three and six months ended June 30, 2023 and 2022, are included in the table below along with details 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				Six months ended
(in millions)	6/30/2023		6/30/2022		6/30/2023		6/30/2022





Investment advisory fees
Equity	$	862.3	$	941.0	$	1,696.2	$	2,027.0
Fixed income, including money market	100.0		109.9		202.4		216.5
Multi-asset	391.3		377.5		777.3		782.1
Alternatives	77.2		68.3		146.7		133.2
Total investment advisory fees	$	1,430.8	$	1,496.7	$	2,822.6	$	3,158.8



Total administrative, distribution, and servicing fees	140.7		142.6		269.6		299.1
Capital allocation-based income	38.7		(126.3)		55.6		(81.9)
Net revenues	$	1,610.2	$	1,513.0	$	3,147.8	$	3,376.0

Average AUM (in billions):
Equity	$	703.4	$	769.6	$	695.2	$	827.7
Fixed income, including money market	170.4		174.8		170.0		176.3
Multi-asset	439.0		420.2		430.7		436.9
Alternatives	44.6		42.5		44.3		42.1
Average AUM	$	1,357.4	$	1,407.1	$	1,340.2	$	1,483.0