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Consolidation - Narrative (Details) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Variable Interest Entity [Line Items]      
Accounts receivable from Federated Hermes Funds $ 41,100,000 $ 37,600,000  
Fee waivers 675,300,000 427,300,000 $ 358,200,000
Investments, deconsolidation 6,000,000.0    
Non-Consolidated Variable Interest Entity, Not Primary Beneficiary      
Variable Interest Entity [Line Items]      
AUM for nonconsolidated Federated Hermes Funds 9,100,000,000 9,600,000,000  
Cash and Cash Equivalents | Non-Consolidated Variable Interest Entity, Not Primary Beneficiary      
Variable Interest Entity [Line Items]      
Federated's maximum risk of loss in non-consolidated investment companies 106,000,000.0 111,900,000  
Accounts Receivable | Non-Consolidated Variable Interest Entity, Not Primary Beneficiary      
Variable Interest Entity [Line Items]      
Federated's maximum risk of loss in non-consolidated investment companies 400,000 1,100,000  
Financial Support, Fee Waivers      
Variable Interest Entity [Line Items]      
Money market funds which meet the scope exception of the consolidation guidance 537,800,000 311,600,000 242,900,000
Financial Support, Capital Contributions      
Variable Interest Entity [Line Items]      
Money market funds which meet the scope exception of the consolidation guidance $ 0 $ 0 $ 0