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Variable Interest Entities and Consolidation of Investment Vehicles Information about Investments in CIV's (Details)
$ in Thousands
3 Months Ended
Jun. 30, 2020
USD ($)
Mar. 31, 2020
USD ($)
Dec. 31, 2019
Jun. 30, 2019
USD ($)
Mar. 31, 2019
USD ($)
Dec. 31, 2018
Variable Interest Entity            
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount $ 16,297 $ 28,397     $ 44,608  
Sponsored Investment Fund [Member]            
Variable Interest Entity            
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount 0 1,690     11,224  
Foreign Mutual Funds [Member]            
Variable Interest Entity            
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount 15,806 19,303     25,966  
Employee Owned Funds [Member]            
Variable Interest Entity            
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount 0 5,188     4,544  
Sponsored ETF [Member]            
Variable Interest Entity            
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount $ 491 $ 2,216     $ 2,874  
Consolidated Investment Vehicles [Member]            
Variable Interest Entity            
Number of Funds 6 10     13  
Consolidated Investment Vehicles [Member] | Sponsored Investment Fund [Member]            
Variable Interest Entity            
Number of Funds 0 2     2  
Consolidated Investment Vehicles [Member] | Foreign Mutual Funds [Member]            
Variable Interest Entity            
Number of Funds 5 5     7  
Consolidated Investment Vehicles [Member] | Employee Owned Funds [Member]            
Variable Interest Entity            
Number of Funds 0 1     1  
Consolidated Investment Vehicles [Member] | Sponsored ETF [Member]            
Variable Interest Entity            
Number of Funds 1 2     3  
Voting Right Entities [Member]            
Variable Interest Entity            
Number of Funds 3 4   4    
Consolidated Legg Mason, Inc.            
Variable Interest Entity            
Liabilities $ 3,408,779 $ 3,470,025        
Assets 7,917,437 $ 8,006,120        
Future [Member]            
Variable Interest Entity            
Derivative, Notional Amount 1,505          
Voting Right Entities [Member]            
Variable Interest Entity            
Number of Funds   5 4     7
Proprietary Funds [Member] | Voting Right Entities [Member] | Consolidated Legg Mason, Inc.            
Variable Interest Entity            
Investments 49,791 $ 41,774   $ 20,548    
Collateralized Loan Obligations [Member]            
Variable Interest Entity            
Liabilities 563,300          
Investments 5,000          
Stockholders' Equity, Other 37,300          
Assets $ 563,600