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INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES (Tables)
 12 Months Ended
Dec. 31, 2023
Information about Receivables, Revenues, and Services [Abstract]  
Schedule of Revenues From Advisory Services
Revenues earned during the years ended December 31, 2023, 2022 and 2021, 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.

(in millions)202320222021
Investment advisory fees
  Equity$3,445.5 $3,759.7 $4,899.9 
  Fixed income, including money market401.5 427.4 409.8 
  Multi-asset1,583.4 1,508.9 1,788.4 
  Alternatives317.3 273.1 — 
Total investment advisory fees$5,747.7 $5,969.1 $7,098.1 
Capital allocation-based income161.9 (54.3)— 
Total administrative, distribution, and servicing fees550.9 573.6 573.8 
Net revenues$6,460.5 $6,488.4 $7,671.9 
Average AUM (in billions):
  Equity$705.2 $763.6 $972.0 
  Fixed income, including money market169.3 173.4 177.7 
  Multi-asset442.3 418.7 449.6 
  Alternatives45.5 42.7 — 
Average AUM$1,362.3 $1,398.4 $1,599.3