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Revenue from Contract with Customer (Notes)
12 Months Ended
Dec. 31, 2021
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, 2021, 2020 and 2019:
 For the Years Ended December 31,
202120202019
Management fees
Artisan Funds$712,952 $503,642 $452,504 
Artisan Global Funds48,498 33,531 32,332 
Separate accounts and other(1)
452,474 347,729 309,502 
Performance fees
Separate accounts and other(1)
13,312 14,650 4,614 
Artisan Global Funds— 15 — 
Total revenues(2)
$1,227,236 $899,567 $798,952 
(1) Separate accounts and other revenue consists of management fees and performance fees earned from vehicles other than Artisan Funds or Artisan Global Funds, and therefore includes revenue earned from 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. See Note 17, “Related Party Transactions”.
The following table presents the balances of receivables related to contracts with customers:
CustomerDecember 31,
2021
December 31,
2020
Artisan Funds$5,874 $5,227 
Artisan Global Funds5,433 4,473 
Separate accounts and other98,568 87,971 
Total receivables from contracts with customers$109,875 $97,671 
Non-customer receivables5,975 2,217 
Accounts receivable$115,850 $99,888 
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 accounts and other 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, 2021 and 2020.