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Concentration Risk - Narrative (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Concentration Risk [Line Items]        
Voluntary yield-related fee waivers $ 0 $ 0 $ 0 $ 85,300,000
Decrease in distribution expenses       66,500,000
Net negative pre-tax impact       $ 18,800,000
Product Concentration Risk | Revenue benchmark | Federated Hermes Government Obligations Fund        
Concentration Risk [Line Items]        
Concentration risk 14.00% 14.00% 14.00% 11.00%
Customer Concentration Risk | Revenue benchmark | Bank of New York Mellon Corporation        
Concentration Risk [Line Items]        
Concentration risk 11.00% 14.00% 11.00% 11.00%