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Revenue from Contract with Customer (Notes)
 12 Months Ended
Dec. 31, 2020
Revenue from Contract with Customer [Text Block]
Note 9. Revenue From Contracts with Customers
The following table presents a disaggregation of investment advisory revenue by type and vehicle for the years ended December 31, 2020, 2019 and 2018:
For the Years Ended December 31,
202020192018
Management fees
Artisan Funds$503,642 $452,504 $487,041 
Artisan Global Funds33,531 32,332 35,007 
Separate accounts(1)
347,729 309,502 303,631 
Performance fees
Separate accounts(1)
14,650 4,614 2,956 
Artisan Global Funds15 — — 
Total revenues(2)
$899,567 $798,952 $828,635 
(1) Separate account revenue consists of management fees and performance fees earned from vehicles other than Artisan Funds or Artisan Global Funds, which includes traditional separate accounts, Artisan-branded collective investment trusts and Artisan Private Funds.
(2) All management fees and performance fees from consolidated investment products were eliminated upon consolidation and therefore are omitted from this table.
The following table presents the balances of receivables related to contracts with customers:
December 31,
2020		December 31,
2019
Customer
Artisan Funds$5,227 $6,703 
Artisan Global Funds4,473 3,588 
Separate accounts87,971 69,413 
Total receivables from contracts with customers$97,671 $79,704 
Non-customer receivables2,217 2,164 
Accounts receivable$99,888 $81,868 
Artisan Funds and Artisan Global Funds are billed on the last day of each month. Artisan Funds and Artisan Global Funds make payments on the same day the invoice is received for the majority of the invoiced amount. The remainder of the invoice is generally paid in the month following receipt of the invoice. Separate account clients are generally billed on a monthly or quarterly basis, with payments due within 30 days of billing.
Artisan had no other contract assets or liabilities from contracts with customers as of December 31, 2020 and 2019.