v3.26.1
Revenue from Contracts with Customers - Disaggregated Revenue (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue disaggregated by segment    
Total revenues $ 4,886 $ 4,481
Banking and deposit interest expense (74) (127)
Total net revenues 4,812 4,354
Management and financial advice fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 2,944 2,602
Distribution fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 563 522
Reportable segments    
Revenue disaggregated by segment    
Revenue from contracts with customers 3,744 3,333
Revenue from other sources 1,474 1,460
Total revenues 5,218 4,793
Banking and deposit interest expense (78) (135)
Total net revenues 5,140 4,658
Reportable segments | Management and financial advice fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 2,814 2,470
Reportable segments | Asset Management: Retail    
Revenue disaggregated by segment    
Revenue from contracts with customers 563 530
Reportable segments | Asset Management: Institutional    
Revenue disaggregated by segment    
Revenue from contracts with customers 145 134
Reportable segments | Asset Management: Model Delivery    
Revenue disaggregated by segment    
Revenue from contracts with customers 27 22
Reportable segments | Advisory fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 1,797 1,515
Reportable segments | Financial planning fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 115 110
Reportable segments | Transaction and other fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 167 159
Reportable segments | Distribution fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 847 789
Reportable segments | Mutual funds    
Revenue disaggregated by segment    
Revenue from contracts with customers 298 269
Reportable segments | Insurance and annuity    
Revenue disaggregated by segment    
Revenue from contracts with customers 382 364
Reportable segments | Off-balance sheet brokerage cash    
Revenue disaggregated by segment    
Revenue from contracts with customers 26 36
Reportable segments | Other products    
Revenue disaggregated by segment    
Revenue from contracts with customers 141 120
Reportable segments | Other revenues    
Revenue disaggregated by segment    
Revenue from contracts with customers 83 74
Reportable segments | Advice & Wealth Management    
Revenue disaggregated by segment    
Revenue from contracts with customers 2,753 2,401
Revenue from other sources 496 508
Total revenues 3,249 2,909
Banking and deposit interest expense (74) (127)
Total net revenues 3,175 2,782
Reportable segments | Advice & Wealth Management | Management and financial advice fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 2,011 1,719
Reportable segments | Advice & Wealth Management | Asset Management: Retail    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Advice & Wealth Management | Asset Management: Institutional    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Advice & Wealth Management | Asset Management: Model Delivery    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Advice & Wealth Management | Advisory fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 1,797 1,515
Reportable segments | Advice & Wealth Management | Financial planning fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 115 110
Reportable segments | Advice & Wealth Management | Transaction and other fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 99 94
Reportable segments | Advice & Wealth Management | Distribution fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 664 613
Reportable segments | Advice & Wealth Management | Mutual funds    
Revenue disaggregated by segment    
Revenue from contracts with customers 237 214
Reportable segments | Advice & Wealth Management | Insurance and annuity    
Revenue disaggregated by segment    
Revenue from contracts with customers 260 243
Reportable segments | Advice & Wealth Management | Off-balance sheet brokerage cash    
Revenue disaggregated by segment    
Revenue from contracts with customers 26 36
Reportable segments | Advice & Wealth Management | Other products    
Revenue disaggregated by segment    
Revenue from contracts with customers 141 120
Reportable segments | Advice & Wealth Management | Other revenues    
Revenue disaggregated by segment    
Revenue from contracts with customers 78 69
Reportable segments | Asset Management    
Revenue disaggregated by segment    
Revenue from contracts with customers 893 835
Revenue from other sources 17 11
Total revenues 910 846
Banking and deposit interest expense 0 0
Total net revenues 910 846
Reportable segments | Asset Management | Management and financial advice fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 788 736
Reportable segments | Asset Management | Asset Management: Retail    
Revenue disaggregated by segment    
Revenue from contracts with customers 563 530
Reportable segments | Asset Management | Asset Management: Institutional    
Revenue disaggregated by segment    
Revenue from contracts with customers 145 134
Reportable segments | Asset Management | Asset Management: Model Delivery    
Revenue disaggregated by segment    
Revenue from contracts with customers 27 22
Reportable segments | Asset Management | Advisory fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Asset Management | Financial planning fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Asset Management | Transaction and other fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 53 50
Reportable segments | Asset Management | Distribution fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 100 94
Reportable segments | Asset Management | Mutual funds    
Revenue disaggregated by segment    
Revenue from contracts with customers 61 55
Reportable segments | Asset Management | Insurance and annuity    
Revenue disaggregated by segment    
Revenue from contracts with customers 39 39
Reportable segments | Asset Management | Off-balance sheet brokerage cash    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Asset Management | Other products    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Asset Management | Other revenues    
Revenue disaggregated by segment    
Revenue from contracts with customers 5 5
Reportable segments | Retirement & Protection Solutions    
Revenue disaggregated by segment    
Revenue from contracts with customers 98 97
Revenue from other sources 854 829
Total revenues 952 926
Banking and deposit interest expense 0 0
Total net revenues 952 926
Reportable segments | Retirement & Protection Solutions | Management and financial advice fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 15 15
Reportable segments | Retirement & Protection Solutions | Asset Management: Retail    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Retirement & Protection Solutions | Asset Management: Institutional    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Retirement & Protection Solutions | Asset Management: Model Delivery    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Retirement & Protection Solutions | Advisory fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Retirement & Protection Solutions | Financial planning fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Retirement & Protection Solutions | Transaction and other fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 15 15
Reportable segments | Retirement & Protection Solutions | Distribution fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 83 82
Reportable segments | Retirement & Protection Solutions | Mutual funds    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Retirement & Protection Solutions | Insurance and annuity    
Revenue disaggregated by segment    
Revenue from contracts with customers 83 82
Reportable segments | Retirement & Protection Solutions | Off-balance sheet brokerage cash    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Retirement & Protection Solutions | Other products    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Retirement & Protection Solutions | Other revenues    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Revenue from other sources 107 112
Total revenues 107 112
Banking and deposit interest expense (4) (8)
Total net revenues 103 104
Reportable segments | Corporate & Other | Management and financial advice fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other | Asset Management: Retail    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other | Asset Management: Institutional    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other | Asset Management: Model Delivery    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other | Advisory fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other | Financial planning fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other | Transaction and other fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other | Distribution fees    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other | Mutual funds    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other | Insurance and annuity    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other | Off-balance sheet brokerage cash    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other | Other products    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Reportable segments | Corporate & Other | Other revenues    
Revenue disaggregated by segment    
Revenue from contracts with customers 0 0
Non-operating    
Revenue disaggregated by segment    
Revenue from other sources 42 49
Total revenues 42 49
Total net revenues 42 49
Operating segments and non-operating    
Revenue disaggregated by segment    
Revenue from other sources 1,516 1,509
Total revenues 5,260 4,842
Total net revenues 5,182 4,707
Intersegment eliminations    
Revenue disaggregated by segment    
Total net revenues (366) (349)
Intersegment eliminations | Advice & Wealth Management    
Revenue disaggregated by segment    
Total net revenues (239) (222)
Intersegment eliminations | Asset Management    
Revenue disaggregated by segment    
Total net revenues (23) (26)
Intersegment eliminations | Retirement & Protection Solutions    
Revenue disaggregated by segment    
Total net revenues (108) (109)
Intersegment eliminations | Corporate & Other    
Revenue disaggregated by segment    
Total net revenues 4 8
Segment reconciling items    
Revenue disaggregated by segment    
Total net revenues (4) (4)
Eliminations and reconciling items    
Revenue disaggregated by segment    
Total net revenues (370) (353)
Operating segments excluding intersegment elimination    
Revenue disaggregated by segment    
Total net revenues 4,774 4,309
Operating segments excluding intersegment elimination | Advice & Wealth Management    
Revenue disaggregated by segment    
Total net revenues 2,936 2,560
Operating segments excluding intersegment elimination | Asset Management    
Revenue disaggregated by segment    
Total net revenues 887 820
Operating segments excluding intersegment elimination | Retirement & Protection Solutions    
Revenue disaggregated by segment    
Total net revenues 844 817
Operating segments excluding intersegment elimination | Corporate & Other    
Revenue disaggregated by segment    
Total net revenues 107 112
Corporate and reconciling items    
Revenue disaggregated by segment    
Total net revenues $ 38 $ 45