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Revenue from Contract with Customer (Notes)
 12 Months Ended
Dec. 31, 2024
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, 2024, 2023 and 2022:
 For the Years Ended December 31,
202420232022
Management fees
Artisan Funds$636,153 $562,803 $573,924 
Artisan Global Funds52,604 43,464 43,128 
Separate accounts and other(1)
408,178 364,545 375,676 
Performance fees
Separate accounts and other(1)
14,867 4,319 557 
Total revenues(2)
$1,111,802 $975,131 $993,285 
(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 as well as assets under advisement related to investment models for which we provide consulting advice but do not have discretionary investment authority.
(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:
CustomerAs of December 31, 2024As of December 31, 2023
Artisan Funds$8,699 $8,251 
Artisan Global Funds6,859 5,047 
Separate accounts and other98,144 81,441 
Total receivables from contracts with customers113,702 94,739 
Non-customer receivables4,965 6,430 
Accounts receivable$118,667 $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 December 31, 2024 and 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.