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Revenue From Contracts with Customers
3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue From Contracts with Customers
Note 9. Revenue From Contracts with Customers
The following table presents a disaggregation of investment advisory revenue by type and vehicle for the three months ended March 31, 2024 and 2023:
For the Three Months Ended March 31,
20242023
Management fees
   Artisan Funds$153,002 $134,393 
   Artisan Global Funds12,460 10,239 
   Separate accounts and other (1)
98,860 89,808 
Performance fees
   Separate accounts and other (1)
29 69 
Total revenues (2)
$264,351 $234,509 
(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 14, “Related Party Transactions.”
The following table presents the balances of receivables related to contracts with customers:
CustomerAs of March 31, 2024As of December 31, 2023
   Artisan Funds$10,483 $8,251 
   Artisan Global Funds5,812 5,047 
   Separate accounts and other85,583 81,441 
Total receivables from contracts with customers101,878 94,739 
Non-customer receivables11,504 6,430 
Accounts receivable$113,382 $101,169 
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 March 31, 2024 or December 31, 2023.
Non-customer receivables include state tax payments made on behalf of certain limited partners, which are then netted from subsequent distributions or payments to the limited partners, as well as redemptions of investments that have not yet been collected.