LOANS TO FINANCIAL ADVISORS, NET (Tables)

6 Months Ended

Mar. 31, 2026

The following table presents the balances for our loans to financial advisors and the related accrued interest receivable.


$ in millions	March 31, 2026			September 30, 2025
Affiliated with the firm as of period-end (1)	$	1,932		$	1,658
No longer affiliated with the firm as of period-end (2)	7			7
Total loans to financial advisors	1,939			1,665
Allowance for credit losses	(45)			(39)
Loans to financial advisors, net	$	1,894		$	1,626
Accrued interest receivable on loans to financial advisors (included in “Other receivables, net”)	$	16		$	12
Allowance for credit losses as a percent of total loans to financial advisors	2.32		%	2.34		%

(1)These loans were predominantly current.

(2)These loans were on nonaccrual status and predominantly past due for a period of 180 days or more.