| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(In millions) | | Full Year | | 1st Qtr. | | 2nd Qtr. | | 3rd Qtr. | | 4th Qtr. | | Full Year |
| | 2022 | | 2023 | | 2023 | | 2023 | | 2023 | | 2023 |
Private Banks: | | | | | | | | | | | | |
Equity and fixed-income programs | | $23,326 | | | $23,576 | | | $23,748 | | | $23,920 | | | $23,309 | | | $23,638 | |
Collective trust fund programs | | 7 | | | 7 | | | 7 | | | 6 | | | 5 | | | 6 | |
Liquidity funds | | 3,834 | | | 3,253 | | | 3,500 | | | 3,585 | | | 3,808 | | | 3,537 | |
Total assets under management | | $27,167 | | | $26,836 | | | $27,255 | | | $27,511 | | | $27,122 | | | $27,181 | |
Client assets under administration | | 4,204 | | | 4,316 | | | 4,282 | | | 4,221 | | | 7,083 | | | 4,976 | |
Total assets | | $31,371 | | | $31,152 | | | $31,537 | | | $31,732 | | | $34,205 | | | $32,157 | |
| | | | | | | | | | | | |
Investment Advisors: | | | | | | | | | | | | |
Equity and fixed-income programs | | $70,394 | | | $67,578 | | | $68,371 | | | $69,309 | | | $68,369 | | | $68,407 | |
Liquidity funds | | 5,682 | | | 4,995 | | | 4,808 | | | 4,990 | | | 5,046 | | | 4,960 | |
Total Platform assets under management | | $76,076 | | | $72,573 | | | $73,179 | | | $74,299 | | | $73,415 | | | $73,367 | |
Platform-only assets | | 13,574 | | | 14,812 | | | 15,548 | | | 16,544 | | | 17,201 | | | 16,026 | |
Platform-only assets-deposit program | | — | | | — | | | — | | | — | | | 281 | | | 70 | |
Total Platform assets | | $89,650 | | | $87,385 | | | $88,727 | | | $90,843 | | | $90,897 | | | $89,463 | |
| | | | | | | | | | | | |
Institutional Investors: | | | | | | | | | | | | |
Equity and fixed-income programs | | $79,415 | | | $74,653 | | | $74,865 | | | $75,023 | | | $73,644 | | | $74,546 | |
Collective trust fund programs | | 5 | | | 5 | | | 4 | | | 4 | | | 3 | | | 4 | |
Liquidity funds | | 1,939 | | | 1,715 | | | 1,537 | | | 1,611 | | | 1,682 | | | 1,636 | |
Total assets under management | | $81,359 | | | $76,373 | | | $76,406 | | | $76,638 | | | $75,329 | | | $76,186 | |
Client assets under advisement | | 4,330 | | | 4,431 | | | 4,583 | | | 4,294 | | | 4,607 | | | 4,479 | |
Total assets | | $85,689 | | | $80,804 | | | $80,989 | | | $80,932 | | | $79,936 | | | $80,665 | |
| | | | | | | | | | | | |
Investment Managers: | | | | | | | | | | | | |
Collective trust fund programs (A) | | $125,595 | | | $144,914 | | | $147,543 | | | $150,379 | | | $149,551 | | | $148,097 | |
Liquidity funds | | 311 | | | 317 | | | 286 | | | 237 | | | 205 | | | 261 | |
Total assets under management | | $125,906 | | | $145,231 | | | $147,829 | | | $150,616 | | | $149,756 | | | $148,358 | |
Client assets under administration (E) | | 821,256 | | | 820,014 | | | 843,065 | | | 873,821 | | | 901,487 | | | 859,596 | |
Total assets | | $947,162 | | | $965,245 | | | $990,894 | | | $1,024,437 | | | $1,051,243 | | | $1,007,954 | |
| | | | | | | | | | | | |
Investments in New Businesses: | | | | | | | | | | | | |
Equity and fixed-income programs | | $1,968 | | | $1,991 | | | $2,057 | | | $2,096 | | | $2,069 | | | $2,053 | |
Liquidity funds | | 247 | | | 212 | | | 199 | | | 211 | | | 197 | | | 205 | |
Total assets under management | | $2,215 | | | $2,203 | | | $2,256 | | | $2,307 | | | $2,266 | | | $2,258 | |
Client assets under advisement | | 1,191 | | | 1,098 | | | 1,075 | | | 1,101 | | | 1,080 | | | 1,089 | |
Client assets under administration (E) | | 16,391 | | | 16,396 | | | 16,231 | | | 15,682 | | | 14,781 | | | 15,773 | |
Total assets | | $19,797 | | | $19,697 | | | $19,562 | | | $19,090 | | | $18,127 | | | $19,120 | |
| | | | | | | | | | | | |
LSV Asset Management: | | | | | | | | | | | | |
Equity and fixed-income programs (B) | | $87,220 | | | $86,987 | | | $84,492 | | | $86,671 | | | $84,492 | | | $85,661 | |
| | | | | | | | | | | | |
Total: | | | | | | | | | | | | |
Equity and fixed-income programs (C) | | $262,323 | | | $254,785 | | | $253,533 | | | $257,019 | | | $251,883 | | | $254,305 | |
Collective trust fund programs | | 125,607 | | | 144,926 | | | 147,554 | | | 150,389 | | | 149,559 | | | 148,107 | |
Liquidity funds | | 12,013 | | | 10,492 | | | 10,330 | | | 10,634 | | | 10,938 | | | 10,599 | |
Total assets under management | | $399,943 | | | $410,203 | | | $411,417 | | | $418,042 | | | $412,380 | | | $413,011 | |
Client assets under advisement | | 5,521 | | | 5,529 | | | 5,658 | | | 5,395 | | | 5,687 | | | 5,568 | |
Client assets under administration (D) | | 841,851 | | | 840,726 | | | 863,578 | | | 893,724 | | | 923,351 | | | 880,345 | |
Platform-only assets | | 13,574 | | | 14,812 | | | 15,548 | | | 16,544 | | | 17,482 | | | 16,096 | |
Total assets | | $1,260,889 | | | $1,271,270 | | | $1,296,201 | | | $1,333,705 | | | $1,358,900 | | | $1,315,020 | |