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INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES (Tables)
9 Months Ended
Sep. 30, 2023
Information about Receivables, Revenues, and Services [Abstract]  
Schedule of Revenues From Advisory Services
Net revenues earned for the three- and nine-month periods ended September 30, 2023 and 2022, are included in the table below along with details of investment advisory revenues earned from clients by their underlying asset class. We also included average assets under management by asset class, on which we earn the investment advisory revenues.

Three months endedNine months ended
(in millions)9/30/20239/30/20229/30/20239/30/2022
Investment advisory fees
  Equity$885.0 $897.0 $2,581.2 $2,924.0 
  Fixed income, including money market100.9 107.6 303.3 324.1 
  Multi-asset405.5 367.2 1,182.8 1,149.3 
  Alternatives72.5 70.2 219.2 203.4 
Total investment advisory fees$1,463.9 $1,442.0 $4,286.5 $4,600.8 
Capital allocation-based income66.1 1.1 121.7 (80.8)
Total administrative, distribution, and servicing fees140.7 145.1 410.3 444.2 
Net revenues$1,670.7 $1,588.2 $4,818.5 $4,964.2 
Average AUM (in billions):
  Equity$725.0 $724.9 $705.3 $793.0 
  Fixed income, including money market169.0 173.0 169.6 175.1 
  Multi-asset453.8 406.7 438.5 426.6 
  Alternatives45.8 42.9 44.8 42.4 
Average AUM$1,393.6 $1,347.5 $1,358.2 $1,437.1