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v3.24.3

Consolidation - Narrative (Details) | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2024 USD ($) vIE | Mar. 31, 2024 vIE | Sep. 30, 2023 USD ($) | Sep. 30, 2024 USD ($) | Sep. 30, 2023 USD ($) | Dec. 31, 2023 USD ($)
Variable Interest Entities [Line Items] |  |  |  |  |  |
Fee waivers | $ 110,300,000 |  | $ 142,400,000 | $ 321,600,000 | $ 398,800,000 |
Number of VIEs consolidated | vIE | 1 | 1 |  |  |  |
Variable Interest Entity Not Primary Beneficiary |  |  |  |  |  |
Variable Interest Entities [Line Items] |  |  |  |  |  |
Assets under managed investments | $ 10,600,000,000 |  |  | 10,600,000,000 |  | $ 9,300,000,000
Cash and Cash Equivalents | Variable Interest Entity Not Primary Beneficiary | Affiliates |  |  |  |  |  |
Variable Interest Entities [Line Items] |  |  |  |  |  |
Federated Hermes' maximum risk of loss | 165,100,000 |  |  | 165,100,000 |  | 133,900,000
Accounts Receivable | Variable Interest Entity Not Primary Beneficiary |  |  |  |  |  |
Variable Interest Entities [Line Items] |  |  |  |  |  |
Federated Hermes' maximum risk of loss | 1,200,000 |  |  | 1,200,000 |  | $ 1,100,000
Financial Support, Fee Waivers |  |  |  |  |  |
Variable Interest Entities [Line Items] |  |  |  |  |  |
Money market funds which meet the scope exception of the consolidation guidance | $ 83,300,000 |  | $ 114,000,000.0 | 241,800,000 | 313,500,000 |
Financial Support, Capital Contributions |  |  |  |  |  |
Variable Interest Entities [Line Items] |  |  |  |  |  |
Money market funds which meet the scope exception of the consolidation guidance |  |  |  | $ 0 | $ 0 |

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