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INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES (Tables)
 12 Months Ended
Dec. 31, 2024
Information about Receivables, Revenues, and Services [Abstract]  
Schedule of Revenues From Advisory Services
Revenues earned during the years ended December 31, 2024, 2023 and 2022, are included in the table below along with details of investment advisory fees 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 fees.

(in millions)202420232022
Investment advisory fees
Equity$3,864.7 $3,442.3 $3,758.4 
Fixed income, including money market410.7 400.4 426.3 
Multi-asset1,814.1 1,583.4 1,508.9 
Alternatives310.2 283.4 269.1 
Total investment advisory fees$6,399.7 $5,709.5 $5,962.7 
Performance-based advisory fees59.3 38.2 6.4 
Capital allocation-based income46.6 161.9 (54.3)
Total administrative, distribution, and servicing fees588.0 550.9 573.6 
Net revenues$7,093.6 $6,460.5 $6,488.4 
Average AUM (in billions):
Equity$804.3 $705.2 $763.6 
Fixed income, including money market178.6 169.3 173.4 
Multi-asset529.0 442.3 418.7 
Alternatives50.0 45.5 42.7 
Average AUM$1,561.9 $1,362.3 $1,398.4