Artisan Partners Asset Management (APAM) 10-Q3 Nov 222022 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - $ / shares	9 Months Ended
Document and Entity Information - $ / shares	Sep. 30, 2022	Oct. 28, 2022	Dec. 31, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-35826
Entity Registrant Name	Artisan Partners Asset Management Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-0969585
Entity Address, Address Line One	875 E. Wisconsin Avenue, Suite 800
Entity Address, City or Town	Milwaukee,
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53202
City Area Code	414
Local Phone Number	390-6100
Title of 12(b) Security	Class A common stock, par value $0.01 per share
Trading Symbol	APAM
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001517302
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false
Class A Common Stock
Document Information [Line Items]
Common stock, par value per share (in dollars per share)	$ 0.01		$ 0.01
Entity Common Stock, Shares Outstanding		67,911,057
Class B Common Stock
Document Information [Line Items]
Common stock, par value per share (in dollars per share)	0.01		0.01
Entity Common Stock, Shares Outstanding		2,589,388
Class C Common Stock
Document Information [Line Items]
Common stock, par value per share (in dollars per share)	$ 0.01		$ 0.01
Entity Common Stock, Shares Outstanding		9,111,117

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
ASSETS
Accounts receivable	$ 103,434	$ 115,850
Property and equipment, net	47,398	35,313
Deferred tax assets	484,756	497,902
Restricted cash	629	629
Prepaid expenses and other assets	19,493	20,282
Operating lease assets	104,774	88,642
Total assets	1,342,884	1,208,047
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY
Accrued incentive compensation	105,971	7,521
Borrowings	199,007	199,444
Operating lease liabilities	123,476	100,303
Amounts payable under tax receivable agreements	398,247	425,427
Total liabilities	958,890	801,051
Commitments and contingencies
Redeemable noncontrolling interests	128,881	111,035
Additional paid-in capital	163,769	141,835
Retained earnings	78,641	134,889
Accumulated other comprehensive income (loss)	(4,289)	(1,310)
Total Artisan Partners Asset Management Inc. stockholders’ equity	238,917	276,204
Noncontrolling interests - Artisan Partners Holdings	16,196	19,757
Total stockholders’ equity	255,113	295,961
Total liabilities, redeemable noncontrolling interests, and stockholders’ equity	1,342,884	1,208,047
Consolidated Entity, Excluding VIE
ASSETS
Cash and cash equivalents	168,123	189,226
Investment securities	78,240	47,878
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY
Accounts payable, accrued expenses, and other	26,276	28,992
Variable Interest Entity, Primary Beneficiary
ASSETS
Cash and cash equivalents	18,870	10,916
Investment securities	264,302	195,001
Accounts receivable and other	52,865	6,408
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY
Accounts payable, accrued expenses, and other	84,862	20,185
Investment liabilities, at fair value	21,051	19,179
Class A Common Stock
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY
Common stock	679	667
Class B Common Stock
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY
Common stock	26	32
Class C Common Stock
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY
Common stock	$ 91	$ 91

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Statements of Financial Condition (Parenthetical) - $ / shares	Sep. 30, 2022	Dec. 31, 2021
Common stock, shares, outstanding (in shares)	79,612,433	79,035,069
Class A Common Stock
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares, outstanding (in shares)	67,911,928	66,699,872
Class B Common Stock
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares, outstanding (in shares)	2,589,388	3,206,580
Class C Common Stock
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	400,000,000	400,000,000
Common stock, shares, outstanding (in shares)	9,111,117	9,128,617

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue from contract with customer	$ 234,312	$ 316,574	$ 767,298	$ 912,200
Total revenues	234,312	316,574	767,298	912,200
Operating Expenses
Compensation and benefits	122,033	142,235	389,359	419,713
Distribution, servicing and marketing	5,593	8,131	18,952	23,707
Occupancy	7,127	5,560	20,407	16,260
Communication and technology	11,945	10,873	35,833	31,150
General and administrative	8,888	6,717	28,622	18,700
Total operating expenses	155,586	173,516	493,173	509,530
Total operating income	78,726	143,058	274,125	402,670
Non-operating income (expense)
Interest expense	(2,428)	(2,711)	(7,853)	(8,116)
Net gain (loss) on the tax receivable agreements	431	358	913	358
Total non-operating income (expense)	(11,496)	(1,638)	(45,274)	12,332
Income before income taxes	67,230	141,420	228,851	415,002
Provision for income taxes	14,750	28,054	46,761	78,137
Net income before noncontrolling interests	52,480	113,366	182,090	336,865
Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings	10,999	24,796	37,150	74,064
Less: Net income (loss) attributable to noncontrolling interests - consolidated investment products	(2,754)	2,157	(9,007)	10,903
Net income attributable to Artisan Partners Asset Management Inc.	$ 44,235	$ 86,413	$ 153,947	$ 251,898
Basic earnings per share (in dollars per share)	$ 0.65	$ 1.30	$ 2.17	$ 3.84
Diluted earnings per share (in dollars per share)	$ 0.65	$ 1.30	$ 2.17	$ 3.84
Basic weighted average number of common shares outstanding (in shares)	62,623,434	59,965,549	62,329,756	59,519,634
Diluted weighted average number of common shares outstanding (in shares)	62,632,660	59,982,774	62,353,275	59,535,894
Dividends declared per Class A common share (in dollars per share)	$ 0.60	$ 1	$ 3.11	$ 3.16
Variable Interest Entity, Primary Beneficiary
Non-operating income (expense)
Net investment gain (loss)	$ (3,936)	$ 2,824	$ (14,605)	$ 18,068
Consolidated Entity, Excluding VIE
Non-operating income (expense)
Net investment gain (loss)	(5,563)	(2,109)	(23,729)	2,022
Management fees
Revenue from contract with customer	234,191	316,176	766,901	901,011
Performance fees
Revenue from contract with customer	$ 121	$ 398	$ 397	$ 11,189

Unaudited Consolidated Statem_2

Unaudited Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net income before noncontrolling interests	$ 52,480	$ 113,366	$ 182,090	$ 336,865
Foreign currency translation gain (loss)	(1,518)	(595)	(3,476)	(358)
Total other comprehensive income (loss)	(1,518)	(595)	(3,476)	(358)
Comprehensive income	50,962	112,771	178,614	336,507
Comprehensive income attributable to Artisan Partners Asset Management Inc.	42,916	85,917	150,967	251,576
Artisan Partners Holdings LP
Comprehensive income attributable to noncontrolling interests	10,800	24,697	36,654	74,028
Consolidated Investment Products
Comprehensive income attributable to noncontrolling interests	$ (2,754)	$ 2,157	$ (9,007)	$ 10,903

Unaudited Consolidated Statem_3

Unaudited Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock Class A Common Stock	Common Stock Class B Common Stock	Common Stock Class C Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests - Artisan Partners Holdings
Balance at beginning of period at Dec. 31, 2020	$ 191,042	$ 631	$ 45	$ 110	$ 107,738	$ 72,944	$ (991)	$ 10,565
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income before noncontrolling interests	336,865					251,898		74,064
Net income	325,962
Other comprehensive income - foreign currency translation	(358)						(301)	(57)
Cumulative impact of changes in ownership of Artisan Partners Holdings LP	0				(1,256)		(21)	1,277
Amortization of equity-based compensation	30,099				24,798			5,301
Deferred tax assets, net of amounts payable under tax receivable agreements	4,994				4,994
Issuance of Class A common stock, net of issuance costs	(46,661)	(10)			(46,651)
Forfeitures and employee/partner terminations	0	(1)			(1)
Issuance of restricted stock awards	0	7			(7)
Employee net share settlement	(9,159)	(2)			(7,380)			(1,777)
Exchange of subsidiary equity	0	7	(2)	(5)
Purchase of equity and subsidiary equity	(46,928)		(7)	(3)	(46,918)
Distributions	(67,889)							(67,889)
Dividends	(203,471)				0	(203,345)		(126)
Balance at end of period at Sep. 30, 2021	270,953	652	36	102	128,621	121,497	(1,313)	21,358
Beginning balance at Dec. 31, 2020	93,753
Redeemable Noncontrolling Interests
Comprehensive income (loss) attributable to noncontrolling interests - consolidated investment products	10,903
Capital contributions, net	59,818
Impact of deconsolidation of CIPs	(67,083)
Ending balance at Sep. 30, 2021	97,391
Balance at beginning of period at Jun. 30, 2021	240,464	648	36	106	119,855	100,429	(817)	20,207
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income before noncontrolling interests	113,366					86,413		24,795
Net income	111,208
Other comprehensive income - foreign currency translation	(595)						(489)	(106)
Cumulative impact of changes in ownership of Artisan Partners Holdings LP	0				(412)		(7)	419
Amortization of equity-based compensation	9,745				8,029			1,716
Deferred tax assets, net of amounts payable under tax receivable agreements	1,154				1,154
Issuance of Class A common stock, net of issuance costs	5	0			5
Forfeitures and employee/partner terminations		0			0
Exchange of subsidiary equity	0	4	0	(4)
Distributions	(25,629)							(25,629)
Dividends	(65,389)				0	(65,345)		(44)
Balance at end of period at Sep. 30, 2021	270,953	652	36	102	128,621	121,497	(1,313)	21,358
Beginning balance at Jun. 30, 2021	90,458
Redeemable Noncontrolling Interests
Comprehensive income (loss) attributable to noncontrolling interests - consolidated investment products	2,157
Capital contributions, net	4,776
Ending balance at Sep. 30, 2021	97,391
Balance at beginning of period at Dec. 31, 2021	295,961	667	32	91	141,835	134,889	(1,310)	19,757
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income before noncontrolling interests	182,090					153,947		37,150
Net income	191,097
Other comprehensive income - foreign currency translation	(3,476)						(2,950)	(526)
Cumulative impact of changes in ownership of Artisan Partners Holdings LP	0				(262)		(29)	291
Amortization of equity-based compensation	31,613				27,026			4,587
Deferred tax assets, net of amounts payable under tax receivable agreements	1,708				1,708
Issuance of Class A common stock, net of issuance costs	9	0			9
Forfeitures and employee/partner terminations	0	0			0
Issuance of restricted stock awards	0	8			(8)
Employee net share settlement	(7,754)	(2)			(6,521)	(26)		(1,205)
Exchange of subsidiary equity	0	6	(6)	0
Distributions	(43,721)							(43,721)
Dividends	(210,306)				0	(210,169)		(137)
Balance at end of period at Sep. 30, 2022	255,113	679	26	91	163,769	78,641	(4,289)	16,196
Beginning balance at Dec. 31, 2021	111,035
Redeemable Noncontrolling Interests
Comprehensive income (loss) attributable to noncontrolling interests - consolidated investment products	(9,007)
Capital contributions, net	36,126
Impact of deconsolidation of CIPs	(9,273)
Ending balance at Sep. 30, 2022	128,881
Balance at beginning of period at Jun. 30, 2022	243,294	674	31	91	153,134	75,443	(2,971)	16,892
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income before noncontrolling interests	52,480					44,235		10,999
Net income	55,234
Other comprehensive income - foreign currency translation	(1,518)						(1,294)	(224)
Cumulative impact of changes in ownership of Artisan Partners Holdings LP	0				889		(24)	(865)
Amortization of equity-based compensation	10,159				8,660			1,499
Deferred tax assets, net of amounts payable under tax receivable agreements	1,378				1,378
Issuance of Class A common stock, net of issuance costs	(7)	0			(7)
Forfeitures and employee/partner terminations	0	0			0
Employee net share settlement	(334)	0			(285)	(1)		(48)
Exchange of subsidiary equity	0	5	(5)	0
Distributions	(12,026)							(12,026)
Dividends	(41,067)				0	(41,036)		(31)
Balance at end of period at Sep. 30, 2022	255,113	$ 679	$ 26	$ 91	$ 163,769	$ 78,641	$ (4,289)	$ 16,196
Beginning balance at Jun. 30, 2022	127,078
Redeemable Noncontrolling Interests
Comprehensive income (loss) attributable to noncontrolling interests - consolidated investment products	(2,754)
Capital contributions, net	4,557
Ending balance at Sep. 30, 2022	$ 128,881

Unaudited Consolidated Statem_4

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities
Net income before noncontrolling interests	$ 52,480	$ 113,366	$ 182,090	$ 336,865
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			5,618	5,081
Deferred income taxes	7,307	8,466	21,697	28,411
Noncash lease expense			1,271	(1,272)
Net investment (gain) loss on nonconsolidated investment securities			23,777	(2,230)
Net (gain) loss on the tax receivable agreements	(431)	(358)	(913)	(358)
(Gain) loss on disposal of property and equipment			(38)	(1)
Amortization of debt issuance costs			329	304
Share-based compensation			31,613	30,099
Purchase of investments by consolidated investment products			(319,093)	(190,614)
Proceeds from sale of investments by consolidated investment products			151,198	127,863
Change in assets and liabilities resulting in an increase (decrease) in cash:
Accounts receivable			12,416	(22,260)
Prepaid expenses and other assets			2,527	(4,214)
Accounts payable and accrued expenses			94,611	113,355
Net change in operating assets and liabilities of consolidated investment products			84,838	1,205
Net cash provided by operating activities			306,622	404,168
Cash flows from investing activities
Acquisition of property and equipment			(5,284)	(1,791)
Leasehold improvements			(11,007)	(3,338)
Proceeds from sale of investment securities			5,164	12,813
Purchase of investment securities			(49,337)	(33,820)
Net cash used in investing activities			(60,464)	(26,136)
Cash flows from financing activities
Partnership distributions			(43,721)	(67,889)
Dividends paid			(210,306)	(203,471)
Payment of debt issuance costs			(543)	0
Proceeds from issuance of notes payable			90,000	0
Principal payments on notes payable			(90,000)	0
Payment under the tax receivable agreements			(33,109)	(31,250)
Net proceeds from issuance of common stock			0	46,928
Payment of costs directly associated with the issuance of Class A common stock			0	(244)
Purchase of equity and subsidiary equity			0	(46,928)
Taxes paid related to employee net share settlement			(7,754)	(9,159)
Capital contributions to consolidated investment products, net			36,126	59,818
Net cash used in financing activities			(259,307)	(252,195)
Net increase (decrease) in cash, cash equivalents, and restricted cash			(13,149)	125,837
Net cash impact of deconsolidation of CIPs	0	(34,823)	0	(34,823)
Cash, cash equivalents and restricted cash
Beginning of period			200,771	199,450
End of period	187,622	290,464	187,622	290,464
Cash, cash equivalents and restricted cash as of the end of the period
Restricted cash	629	629	629	629
Cash, cash equivalents and restricted cash	187,622	290,464	187,622	290,464
Noncash activity:
Establishment of deferred tax assets			8,327	28,548
Establishment of amounts payable under tax receivable agreements			5,929	23,206
Increase in investment securities due to deconsolidation of CIPs			9,970	20,900
Operating lease assets obtained in exchange for operating lease liabilities			32,070	2,434
Consolidated Entity Excluding Variable Interest Entities (VIE)
Adjustments to reconcile net income to net cash provided by operating activities:
Net investment (gain) loss of consolidated investment products	5,563	2,109	23,729	(2,022)
Consolidated Entity, Excluding VIE
Adjustments to reconcile net income to net cash provided by operating activities:
Net investment (gain) loss of consolidated investment products	5,563	2,109	23,729	(2,022)
Cash, cash equivalents and restricted cash as of the end of the period
Cash and cash equivalents	168,123	273,253	168,123	273,253
Variable Interest Entity, Primary Beneficiary
Adjustments to reconcile net income to net cash provided by operating activities:
Net investment (gain) loss of consolidated investment products	3,936	(2,824)	14,605	(18,068)
Cash, cash equivalents and restricted cash as of the end of the period
Cash and cash equivalents	$ 18,870	$ 16,582	$ 18,870	$ 16,582

Nature of Business and Organiza

Nature of Business and Organization	9 Months Ended
Nature of Business and Organization	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business and Organization	Note 1. Nature of Business and Organization Nature of Business Artisan Partners Asset Management Inc. (“APAM”), through its subsidiaries, is an investment management firm focused on providing high-value added, active investment strategies to sophisticated clients globally. APAM and its subsidiaries are hereafter referred to collectively as “Artisan” or the “Company". Artisan’s autonomous investment teams manage a broad range of U.S., non-U.S. and global investment strategies that are diversified by asset class, market cap and investment style. Strategies are offered through multiple investment vehicles to accommodate a broad range of client mandates. Artisan offers its investment management services primarily to institutions and through intermediaries that operate with institutional-like decision-making processes and have long-term investment horizons. Organization On March 12, 2013, APAM completed its initial public offering (the “IPO”). APAM was formed for the purpose of becoming the general partner of Artisan Partners Holdings LP (“Artisan Partners Holdings” or “Holdings”) in connection with the IPO. Holdings is a holding company for the investment management business conducted under the name “Artisan Partners”. The reorganization (“IPO Reorganization”) established the necessary corporate structure to complete the IPO while at the same time preserving the ability of the firm to conduct operations through Holdings and its subsidiaries. As its sole general partner, APAM controls the business and affairs of Holdings. As a result, APAM consolidates Holdings’ financial statements and records a noncontrolling interest for the equity interests in Holdings held by the limited partners of Holdings. At September 30, 2022, APAM held approximately 85% of the equity ownership interest in Holdings. Holdings, together with its wholly owned subsidiary, Artisan Investments GP LLC, controls a 100% interest in Artisan Partners Limited Partnership (“APLP”), a multi-product investment management firm that is the principal operating subsidiary of Artisan Partners Holdings. APLP is registered as an investment adviser with the U.S. Securities and Exchange Commission under the Investment Advisers Act of 1940. APLP provides investment advisory services to traditional separate accounts and pooled investment vehicles, including Artisan Partners Funds, Inc. (“Artisan Funds”), Artisan Partners Global Funds plc (“Artisan Global Funds”), and Artisan sponsored private funds (“Artisan Private Funds”). Artisan Funds are a series of open-end mutual funds registered under the Investment Company Act of 1940, as amended. Artisan Global Funds is a family of Ireland-domiciled UCITS funds. Artisan Private Funds consist of a number of Artisan-sponsored unregistered pooled investment vehicles.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Basis of presentation The accompanying financial statements are unaudited. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of such consolidated financial statements have been included. Such interim results are not necessarily indicative of full year results. The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial reporting and accordingly they do not include all of the information and footnotes required in the annual consolidated financial statements and accompanying footnotes. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. As a result, the interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in APAM’s latest annual report on Form 10-K. The accompanying financial statements were prepared in accordance with U.S. GAAP and related rules and regulations of the SEC. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates or assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from these estimates or assumptions. Principles of consolidation Artisan’s policy is to consolidate all subsidiaries or other entities in which it has a controlling financial interest. The consolidation guidance requires an analysis to determine if an entity should be evaluated for consolidation using the voting interest entity (“VOE”) model or the variable interest entity (“VIE”) model. Under the VOE model, controlling financial interest is generally defined as a majority ownership of voting interests. Under the VIE model, controlling financial interest is defined as (i) the power to direct activities that most significantly impact the economic performance of the entity and (ii) the right to receive potentially significant benefits or the obligation to absorb potentially significant losses. Artisan generally consolidates VIEs in which it meets the power criteria and holds an equity ownership interest of greater than 10%. The consolidated financial statements include the accounts of APAM and all subsidiaries or other entities in which APAM has a direct or indirect controlling financial interest. All material intercompany balances have been eliminated in consolidation. Artisan serves as the investment adviser to Artisan Funds, Artisan Global Funds and Artisan Private Funds. Artisan Funds and Artisan Global Funds are corporate entities, the business and affairs of which are managed by their respective boards of directors. The shareholders of the funds retain voting rights, including rights to elect and reelect members of their respective boards of directors. Each series of Artisan Funds is a VOE and is separately evaluated for consolidation under the VOE model. The shareholders of Artisan Global Funds lack simple majority liquidation rights, and as a result, each sub-fund of Artisan Global Funds is evaluated for consolidation under the VIE model. Artisan Private Funds are also evaluated for consolidation under the VIE model because third-party equity holders of the funds generally lack the ability to divest Artisan of its control of the funds. From time to time, the Company makes investments in Artisan Funds, Artisan Global Funds, and Artisan Private Funds. If the investment results in a controlling financial interest, APAM consolidates the fund, and the underlying activity of the entire fund is included in Artisan’s unaudited consolidated financial statements. As of September 30, 2022, Artisan had a controlling financial interest in two series of Artisan Funds, five sub-funds of Artisan Global Funds, and two Artisan Private Funds and, as a result, these funds are included in Artisan’s unaudited consolidated financial statements. Because these consolidated investment products meet the definition of investment companies under U.S. GAAP, Artisan has retained the specialized industry accounting principles for investment companies in the consolidated financial statements. See Note 6, “Variable Interest Entities and Consolidated Investment Products” for additional details. Recent accounting pronouncements

Investment Securities

Investment Securities	9 Months Ended
Investment Securities	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Note 3. Investment Securities The disclosures below include details of Artisan’s investments, excluding money market funds and consolidated investment products. Investments held by consolidated investment products are described in Note 6, “Variable Interest Entities and Consolidated Investment Products”. As of September 30, 2022 As of December 31, 2021 Investments in equity securities $ 69,540 $ 37,179 Investments in equity securities accounted for under the equity method 8,700 10,699 Total investment securities $ 78,240 $ 47,878 Artisan’s investments in equity securities consist of investments in Artisan Funds, Artisan Global Funds and Artisan Private Funds. As of September 30, 2022 and December 31, 2021, Artisan held investment securities of $57.3 million and $36.5 million, respectively, related to funded long-term incentive compensation plans. Unrealized gain (loss) related to investment securities held at the end of the periods indicated below were as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2022 2021 2022 2021 Unrealized gain (loss) on investment securities held at the end of the period $ (6,675) $ (2,098) $ (24,145) $ 1,516 Other net investment gain (loss) is presented within the non-operating income (expense) section of the Consolidated Statements of Operations. The components of other net investment gain (loss) are as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2022 2021 2022 2021 Net investment gain (loss) on nonconsolidated seed investments $ (1,649) $ (1,741) $ (4,585) $ 113 Net investment gain (loss) on franchise capital investments (3,987) (357) (19,192) 2,117 Other 73 (11) 48 (208) Other net investment gain (loss) $ (5,563) $ (2,109) $ (23,729) $ 2,022

Fair Value Measurements

Fair Value Measurements	9 Months Ended
Fair Value Measurements	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 4. Fair Value Measurements The table below presents information about Artisan’s assets and liabilities that are measured at fair value and the valuation techniques Artisan utilized to determine such fair value. The financial instruments held by consolidated investment products are excluded from the table below and are presented in Note 6, “Variable Interest Entities and Consolidated Investment Products”. In accordance with ASC 820, fair value is defined as the price that Artisan would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. The following three-tier fair value hierarchy prioritizes the inputs used in measuring fair value: • Level 1 – Observable inputs such as quoted (unadjusted) market prices in active markets for identical securities. • Level 2 – Other significant observable inputs (including but not limited to quoted prices for similar instruments, interest rates, prepayment speeds, credit risk, etc.). • Level 3 – Significant unobservable inputs (including Artisan’s own assumptions in determining fair value). The following provides the hierarchy of inputs used to derive fair value of Artisan’s assets and liabilities that are financial instruments as of September 30, 2022 and December 31, 2021: Assets and Liabilities at Fair Value Total NAV Practical Expedient (No Fair Value Level) Level 1 Level 2 Level 3 September 30, 2022 Assets Money market funds $ 19,556 $ — $ 19,556 $ — $ — Equity securities 78,240 8,296 69,944 — — December 31, 2021 Assets Money market funds $ 37,861 $ — $ 37,861 $ — $ — Equity securities 47,878 9,975 37,903 — — Fair values determined based on Level 1 inputs utilize quoted market prices for identical assets. Level 1 assets generally consist of money market funds, open-end mutual funds and UCITS funds. Equity securities without a fair value level consist of the Company’s investments in Artisan Private Funds, which are measured at the underlying fund’s net asset value (“NAV”), using the ASC 820 practical expedient. The NAV is provided by the fund and is derived from the fair values of the underlying investments as of the reporting date. Cash maintained in demand deposit accounts is excluded from the table above.

Variable Interest Entities and

Variable Interest Entities and Consolidated Investment Products	9 Months Ended
	Sep. 30, 2022
Fair Value Measurements, Recurring and Non-recurring [Abstract]
Variable Interest Entities and Consolidated Investment Products	Note 6. Variable Interest Entities and Consolidated Investment Products Artisan serves as the investment adviser for various types of investment products, consisting of both VIEs and VOEs. Artisan consolidates an investment product if it has a controlling financial interest in the entity. See Note 2, ”Summary of Significant Accounting Policies”. Any such entities are collectively referred to herein as consolidated investment products or CIPs. As of September 30, 2022, Artisan is considered to have a controlling financial interest in two series of Artisan Funds, five sub-funds of Artisan Global Funds and two Artisan Private Funds, with an aggregate direct equity investment in the consolidated investment products of $101.2 million. Artisan’s maximum exposure to loss in connection with the assets and liabilities of CIPs is limited to its direct equity investment, while the potential benefit is limited to the management and performance fees received and the return on its equity investment. With the exception of Artisan’s direct equity investment, the assets of CIPs are not available to Artisan’s creditors, nor are they available to Artisan for general corporate purposes. In addition, third-party investors in the CIPs have no recourse to the general credit of the Company. Management and performance fees earned from CIPs are eliminated from revenue upon consolidation. See Note 15, “Related Party Transactions” for additional information on management and performance fees earned from CIPs. Third-party investors’ ownership interest in CIPs is presented as redeemable noncontrolling interests in the unaudited condensed consolidated statements of financial condition as third-party investors have the right to withdraw their capital, subject to certain conditions. Net income attributable to third-party investors is reported as net income (loss) attributable to noncontrolling interests - consolidated investment products in the unaudited consolidated statements of operations. During the nine months ended September 30, 2022, the Company determined that it no longer had a controlling financial interest in one series fund of Artisan Funds as a result of third party capital contributions. Upon loss of control, the fund was deconsolidated and the related assets, liabilities, and equity of the fund were derecognized from the Company’s unaudited condensed consolidated statements of financial condition. There was no net impact to the unaudited consolidated statements of operations for the nine months ended September 30, 2022. Artisan generally does not recognize a gain or loss upon deconsolidation of investment products as the assets and liabilities of CIPs are carried at fair value. Artisan’s $9.6 million direct equity investment was reclassified from investment assets of consolidated investment products to investment securities. As of September 30, 2022, Artisan held direct equity investments of $8.7 million in VIEs for which the Company does not hold a controlling financial interest. These direct equity investments consisted of seed investments in sub-funds of Artisan Global Funds and Artisan Private Funds, both of which are accounted for under the equity method of accounting because Artisan has significant influence over the funds. Fair Value Measurements - Consolidated Investment Products Investments held by CIPs are reflected at fair value. Short and long positions on equity securities are valued based upon closing prices of the security on the exchange or market designated by the accounting agent or pricing vendor as the principal exchange. The closing price may represent last sale price, official closing price, a closing auction or other information depending on market convention. Short and long positions on fixed income instruments are valued at market value. Market values are generally evaluations based on the judgment of pricing vendors, which may consider, among other factors, the prices at which securities actually trade, broker-dealer quotations, pricing formulas, estimates of market values obtained from yield data relating to investments or securities with similar characteristics and/or discounted cash flow models that might be applicable. The following tables present the fair value hierarchy levels of assets and liabilities held by CIPs measured at fair value as of September 30, 2022 and December 31, 2021: Assets and Liabilities at Fair Value Total Level 1 Level 2 Level 3 September 30, 2022 Assets Money market funds $ 18,077 $ 18,077 $ — $ — Equity securities - long position 40,885 38,625 2,260 — Fixed income instruments - long position 222,889 — 218,417 4,472 Derivative assets 528 210 318 — Liabilities Equity securities - short position $ 2,322 $ 2,322 $ — $ — Fixed income instruments - short position 17,173 — 17,173 — Derivative liabilities 1,556 1,433 123 — Assets and Liabilities at Fair Value Total Level 1 Level 2 Level 3 December 31, 2021 Assets Money market funds $ 7,908 $ 7,908 $ — $ — Equity securities - long position 33,583 31,838 1,745 — Fixed income instruments - long position 161,177 — 156,240 4,937 Derivative assets 241 — 241 — Liabilities Equity securities - short position $ 3,427 $ 3,427 $ — $ — Fixed income instruments - short position 15,570 — 15,570 — Derivative liabilities 182 4 178 — CIP balances included in the Company’s unaudited condensed consolidated statements of financial condition were as follows: As of September 30, 2022 As of December 31, 2021 Net CIP assets included in the table above $ 261,328 $ 183,730 Net CIP assets/(liabilities) not included in the table above (31,204) (10,769) Total Net CIP assets 230,124 172,961 Less: redeemable noncontrolling interests 128,881 111,035 Artisan’s direct equity investment in CIPs $ 101,243 $ 61,926

Noncontrolling interest - Holdi

Noncontrolling interest - Holdings	9 Months Ended
Noncontrolling interest - Holdings	Sep. 30, 2022
Noncontrolling Interest [Abstract]
Noncontrolling interest - Holdings	Note 7. Noncontrolling Interests - Holdings Net income attributable to noncontrolling interests - Artisan Partners Holdings in the unaudited consolidated statements of operations represents the portion of earnings or loss attributable to the equity ownership interests in Holdings held by the limited partners of Holdings. As of September 30, 2022, APAM held approximately 85% of the equity ownership interests in Holdings. Limited partners of Artisan Partners Holdings are entitled to exchange partnership units (along with a corresponding number of shares of Class B or C common stock of APAM) for shares of Class A common stock from time to time (the “Holdings Common Unit Exchanges”). The Holdings Common Unit Exchanges increase APAM’s equity ownership interest in Holdings and result in an increase to deferred tax assets and amounts payable under the tax receivable agreements. See Note 11, “Income Taxes and Related Payments”. In order to maintain the one-to-one correspondence of the number of Holdings partnership units and APAM common shares, Holdings will issue one general partner (“GP”) unit to APAM for each share of Class A common stock issued by APAM. For the nine months ended September 30, 2022, APAM’s equity ownership interest in Holdings increased as a result of the following transactions: Holdings GP Units Limited Partnership Units Total APAM Ownership % Balance at December 31, 2021 66,699,872 12,335,197 79,035,069 84 % Holdings Common Unit Exchanges 634,692 (634,692) — 1 % Issuance of APAM Restricted Shares (1) 787,372 — 787,372 — % Delivery of Shares Underlying RSUs (1) 1,060 — 1,060 — % Restricted Share Award Net Share Settlement (1) (195,319) — (195,319) — % Forfeitures from Employee Terminations (1) (15,749) — (15,749) — % Balance at September 30, 2022 67,911,928 11,700,505 79,612,433 85 % (1) The impact of the transaction on APAM’s ownership percentage was less than 1%. Changes in ownership of Holdings are accounted for as equity transactions because APAM continues to have a controlling interest in Holdings. Additional paid-in capital and noncontrolling interests - Artisan Partners Holdings in the unaudited condensed consolidated statements of financial condition are adjusted to reallocate Holdings’ historical equity to reflect the change in APAM’s ownership of Holdings. The reallocation of equity had the following impact on the unaudited condensed consolidated statements of financial condition: Statements of Financial Condition For the Nine Months Ended September 30, 2022 2021 Additional paid-in capital $ (262) $ (1,256) Noncontrolling interests - Artisan Partners Holdings 291 1,277 Accumulated other comprehensive income (loss) (29) (21) Net impact to financial condition $ — $ — In addition to the reallocation of historical equity, the change in ownership resulted in an increase to deferred tax assets and additional paid-in capital of $0.5 million and $0.8 million for the nine months ended September 30, 2022 and 2021, respectively.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
Stockholders' Equity	Sep. 30, 2022
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Note 8. Stockholders’ Equity APAM - Stockholders’ Equity APAM had the following authorized and outstanding equity as of September 30, 2022 and December 31, 2021, respectively: Outstanding Authorized As of September 30, 2022 As of December 31, 2021 Voting Rights (1) Economic Rights Common shares Class A, par value $0.01 per share 500,000,000 67,911,928 66,699,872 1 vote per share Proportionate Class B, par value $0.01 per share 200,000,000 2,589,388 3,206,580 1 vote per share None Class C, par value $0.01 per share 400,000,000 9,111,117 9,128,617 1 vote per share None (1) The Company’s employees to whom Artisan has granted equity have entered into a stockholders agreement with respect to all shares of APAM common stock they have acquired from the Company and any shares they may acquire from the Company in the future, pursuant to which they granted an irrevocable voting proxy to a Stockholders Committee. As of September 30, 2022, Artisan’s employees held 5,302,997 restricted shares of Class A common stock and all 2,589,388 outstanding shares of Class B common stock, all of which were subject to the agreement. APAM is dependent on cash generated by Holdings to fund any dividends. Generally, Holdings will make distributions to all of its partners, including APAM, based on the proportionate share of ownership each has in Holdings. APAM will fund dividends to its stockholders from its proportionate share of those distributions after provision for its taxes and other obligations. APAM declared and paid the following dividends per share during the three and nine months ended September 30, 2022 and 2021: Type of Dividend Class of Stock For the Three Months Ended September 30, For the Nine Months Ended September 30, 2022 2021 2022 2021 Quarterly Class A Common $ 0.60 $ 1.00 $ 2.39 $ 2.85 Special Annual Class A Common $ — $ — $ 0.72 $ 0.31 The following table summarizes APAM’s stock transactions for the nine months ended September 30, 2022: Total Stock Outstanding Class A Common Stock (1) Class B Common Stock Class C Common Stock Balance at December 31, 2021 79,035,069 66,699,872 3,206,580 9,128,617 Holdings Common Unit Exchanges — 634,692 (617,192) (17,500) Restricted Share Award Grants 787,372 787,372 — — Restricted Share Award Net Share Settlement (195,319) (195,319) — — Delivery of Shares Underlying RSUs 1,060 1,060 — — Employee/Partner Terminations (15,749) (15,749) — — Balance at September 30, 2022 79,612,433 67,911,928 2,589,388 9,111,117 (1) There were 367,392 and 327,713 restricted stock units outstanding at September 30, 2022 and December 31, 2021, respectively. In addition, there were 231,170 and 135,230 performance share units outstanding at September 30, 2022 and December 31, 2021 respectively. Based on the quarter-end status of the market and performance conditions, the 231,170 unvested performance share units would ultimately result in the issuance of 231,173 shares of Class A common stock if all other vesting conditions were met. Restricted stock units and performance share units are not reflected in the table because they are not considered outstanding or issued stock. Each Class A, Class B, Class D and Class E common unit of Holdings (together with the corresponding share of Class B or Class C common stock) is exchangeable for one share of Class A common stock. The corresponding shares of Class B and Class C common stock are immediately canceled upon any such exchange. Upon termination of employment with Artisan, an employee-partner’s Class B common units are exchanged for Class E common units and the corresponding shares of Class B common stock are canceled. APAM issues the former employee-partner a number of shares of Class C common stock equal to the former employee-partner’s number of Class E common units. Class E common units are exchangeable for Class A common stock subject to the same restrictions and limitations on exchange applicable to the other common units of Holdings. Artisan Partners Holdings - Partners’ Equity Holdings makes distributions of its net income to the holders of its partnership units for income taxes as required under the terms of the partnership agreement and also makes additional distributions under the terms of the partnership agreement as required. The distributions are recorded in the financial statements on the declaration date, or on the payment date in lieu of a declaration date. Holdings’ partnership distributions for the three and nine months ended September 30, 2022 and 2021 were as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2022 2021 2022 2021 Holdings Partnership Distributions to Limited Partners $ 12,026 $ 25,629 $ 43,721 $ 67,889 Holdings Partnership Distributions to APAM 64,441 110,555 227,165 285,007 Total Holdings Partnership Distributions $ 76,467 $ 136,184 $ 270,886 $ 352,896 The distributions are recorded as a reduction to consolidated stockholders’ equity, with the exception of distributions made to APAM, which are eliminated upon consolidation.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
Revenue from Contracts with Customers	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue From Contracts with Customers	Note 9. Revenue From Contracts with Customers The following table presents a disaggregation of investment advisory revenue by type and vehicle for the three and nine months ended September 30, 2022 and 2021: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2022 2021 2022 2021 Management fees Artisan Funds $ 135,919 $ 186,254 $ 445,260 $ 528,924 Artisan Global Funds 10,423 12,822 33,192 35,568 Separate accounts and other (1) 87,849 117,100 288,449 336,519 Performance fees Separate accounts and other (1) 121 398 397 11,189 Total revenues (2) $ 234,312 $ 316,574 $ 767,298 $ 912,200 (1) Separate accounts and other revenue consists of management fees and performance fees earned from vehicles other than Artisan Funds or Artisan Global Funds, and therefore includes revenue earned from traditional separate accounts, Artisan-branded collective investment trusts and Artisan Private Funds. (2) All management fees and performance fees from consolidated investment products were eliminated upon consolidation and therefore are omitted from this table. See Note 15, “Related Party Transactions”. The following table presents the balances of receivables related to contracts with customers: Customer As of September 30, 2022 As of December 31, 2021 Artisan Funds $ 4,087 $ 5,874 Artisan Global Funds 4,065 5,433 Separate accounts and other 70,867 98,568 Total receivables from contracts with customers $ 79,019 $ 109,875 Non-customer receivables 24,415 5,975 Accounts receivable $ 103,434 $ 115,850 Artisan Funds and Artisan Global Funds are billed on the last day of each month. Artisan Funds and Artisan Global Funds make payments on the same day the invoice is received for the majority of the invoiced amount. The remainder of the invoice is generally paid in the month following receipt of the invoice. Separate accounts and other clients are generally billed on a monthly or quarterly basis, with payments due within 30 days of billing. Artisan had no other contract assets or liabilities from contracts with customers as of September 30, 2022 or December 31, 2021.

Compensation and Benefits

Compensation and Benefits	9 Months Ended
Compensation and Benefits	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Compensation and Benefits	Note 10. Compensation and Benefits Total compensation and benefits consists of the following: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2022 2021 2022 2021 Salaries, incentive compensation and benefits (1) $ 109,563 $ 130,831 $ 352,221 $ 385,106 Long-term cash incentive compensation expense 2,453 1,806 7,065 4,941 Restricted share-based award compensation expense 10,017 9,598 30,073 29,666 Long-term incentive compensation expense 12,470 11,404 37,138 34,607 Total compensation and benefits $ 122,033 $ 142,235 $ 389,359 $ 419,713 (1) Excluding long-term incentive compensation expense Incentive compensation Cash incentive compensation paid to members of Artisan’s investment teams and members of its distribution teams is generally based on formulas that are tied directly to revenues. The majority of this incentive compensation is earned on a quarterly basis and paid in the quarter following the quarter in which the incentive was earned with the exception of fourth quarter incentives earned which are also paid in the fourth quarter of the year. Cash incentive compensation paid to most other employees is discretionary and subjectively determined based on individual performance and Artisan’s overall results during the applicable year and is generally paid on an annual basis. Long-term incentive compensation awards consist of both APAM restricted share-based awards and long-term cash awards, which are referred to as franchise capital awards. These awards are described in more detail below. Restricted share-based awards Artisan has registered 14,000,000 shares of Class A common stock for issuance under the 2013 Omnibus Incentive Compensation Plan (the “Plan”). Pursuant to the Plan, APAM has granted a combination of restricted stock awards, restricted stock units, and performance share units (collectively referred to as “restricted share-based awards” or "awards") of Class A common stock to employees. Standard Restricted Shares. Standard restricted shares are generally subject to a pro rata five-year service vesting condition. Career Shares. Career shares are generally subject to both (i) a pro rata five-year service vesting condition and (ii) a qualifying retirement (as defined in the award agreement) condition. Franchise Shares. Like career shares, franchise shares are generally subject to both (i) a pro rata five-year service vesting condition and (ii) a qualifying retirement condition. In addition, franchise shares, which are only granted to investment team members, are subject to a Franchise Protection Clause, which provides that the number of shares that ultimately vest depends on whether certain conditions relating to client cash flows are met. If such conditions are not met, compensation cost will be reversed for any shares that do not vest. Performance Share Units (PSUs) . PSUs are generally subject to (i) a three-year service vesting condition, (ii) certain performance conditions related to the Company's adjusted operating margin and total shareholder return compared to a peer group during a three-year performance period, and (iii) for one-half of the PSUs eligible to vest at the end of the performance period, a qualifying retirement condition. The number of shares of Class A common stock that are ultimately issued in connection with each PSU award will depend upon the outcome of the performance, market and qualified retirement conditions. For the portion of a PSU award with a "performance condition" under ASC 718, expense is recognized over the service period if it is probable that the performance condition will be achieved. Compensation expense is recognized based on the estimated grant date fair value on a straight-line basis over the requisite service period of the award. The initial requisite service period is generally five years for restricted stock awards and restricted stock units, and three years for performance share units. The fair value of each award is equal to the market price of the Company's common stock on the grant date, except for performance share units with a "market condition" performance metric under ASC 718, which have a grant-date fair value based on a Monte Carlo valuation model. Unvested restricted share-based awards are subject to forfeiture. Grantees are generally entitled to dividends or dividend equivalents on unvested and vested awards. 2,964,660 shares of Class A common stock were reserved and available for issuance under the Plan as of September 30, 2022. During the nine months ended September 30, 2022, Artisan granted 787,372 restricted stock awards, 1,331 restricted stock units, and 95,940 performance share units of Class A common stock to employees of the Company. Total compensation expense associated with the 2022 grant is expected to be approximately $38.0 million. The following tables summarize the restricted share-based award activity for the nine months ended September 30, 2022: Weighted-Average Grant Date Fair Value Restricted Stock Awards and Restricted Stock Units Unvested at January 1, 2022 $ 38.18 5,245,394 Granted 41.86 788,703 Forfeited 39.99 (15,749) Vested 35.09 (605,550) Unvested at September 30, 2022 $ 39.06 5,412,798 Weighted-Average Grant Date Fair Value Performance Share Units Unvested at January 1, 2022 $ 61.42 135,230 Granted 53.50 95,940 Forfeited — — Vested — — Unvested at September 30, 2022 $ 58.13 231,170 Based on the quarter-end status of the market and performance conditions, the 231,170 unvested performance share units would ultimately result in the issuance of 231,173 shares of Class A common stock if all other vesting conditions were met. The unrecognized compensation expense for the unvested restricted stock awards and restricted stock units as of September 30, 2022 was $81.8 million with a weighted average recognition period of 3.5 years remaining. The unrecognized compensation expense for the unvested performance share units as of September 30, 2022 was $7.5 million with a weighted average recognition period of 2.6 years remaining. During the nine months ended September 30, 2022, the Company withheld a total of 195,319 restricted shares and paid a total of $7.8 million as a result of net share settlements to satisfy employee tax withholding obligations. These net share settlements had the effect of shares repurchased and retired by the Company, as they reduced the number of shares outstanding. Long-term cash awards (franchise capital awards) During the nine months ended September 30, 2022, Artisan granted $48.6 million of franchise capital awards to investment team members in lieu of certain additional restricted share-based awards. The franchise capital awards are subject to the same long-term vesting and forfeiture provisions as restricted share-based awards. Prior to vesting, franchise capital awards are generally allocated to one or more of the investment strategies managed by the award recipient's investment team. During the vesting period, the value of the awards will increase or decrease based on the investment returns of the strategies in which the awards are invested. Compensation expense, including the appreciation or depreciation related to investment returns, is recognized on a straight-line basis over the required service period, which is generally five years. Because the awards will be paid out in cash upon vesting, the fair value of unvested awards is recorded as a liability based on the percentage of the service requirement that has been completed. The company hedges its economic exposure to the change in value of these awards due to market movements by investing the cash reserved for the awards in the underlying investments. The franchise capital award liability and the underlying investment holdings are marked to market each quarter. The change in value of the award liability is recognized as a compensation expense on a straight-line basis over the required service period. The change in value of the underlying investment holdings is recognized in non-operating income (expense) in the period of change. While there is a timing difference between the recognition of the compensation expense and the offsetting investment gain or loss, the compensation expense and investment income will net to zero at the end of the multi-year vesting period for all awards that ultimately vest. The change in value of the investments had the following impact on the unaudited consolidated statements of operations: For the Three Months Ended September 30, For the Nine Months Ended September 30, Statement of Operations Section Statement of Operations Line Item 2022 2021 2022 2021 Operating expenses (benefit) Compensation and benefits $ (1,490) $ 83 $ (4,138) $ 297 Non-operating income (expense) Other net investment gain (loss) (3,987) (356) (19,192) 2,117 The franchise capital award liability was $9.8 million and $6.9 million as of September 30, 2022 and December 31, 2021, respectively, and is included in accrued incentive compensation in the unaudited consolidated statements of financial condition. The unrecognized compensation expense for the unvested franchise capital awards as of September 30, 2022 was $51.4 million with a weighted average recognition period of 4.2 years remaining.

Income Taxes and Related Paymen

Income Taxes and Related Payments	9 Months Ended
Income Taxes and Related Payments	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes and Related Payments	Note 11. Income Taxes and Related Payments APAM is subject to U.S. federal, state and local income taxation on APAM’s allocable portion of Holdings’ income as well as foreign income taxes payable by Holdings’ subsidiaries. APAM’s effective income tax rate was lower than the U.S. federal statutory rate of 21% primarily due to a rate benefit attributable to the fact that, for the nine months ended September 30, 2022, approximately 17% of Artisan Partners Holdings’ full year projected taxable earnings were attributable to other partners and not subject to corporate-level taxes. The effective tax rate was also lower than the statutory rate due to tax deductible dividends paid on unvested restricted share-based awards and favorable tax deductions related to the vesting of restricted share-based awards. APAM’s effective tax rate was 20.4% and 18.8% for the nine months ended September 30, 2022 and 2021, respectively. Components of the provision for income taxes consist of the following: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2022 2021 2022 2021 Current: Federal $ 5,934 $ 15,097 $ 19,606 $ 38,414 State and local 1,380 4,339 5,051 10,906 Foreign 129 152 407 406 Total 7,443 19,588 25,064 49,726 Deferred: Federal 6,212 7,198 18,458 24,155 State and local 1,095 1,268 3,239 4,256 Total 7,307 8,466 21,697 28,411 Income tax expense (benefit) $ 14,750 $ 28,054 $ 46,761 $ 78,137 In connection with the IPO, APAM entered into two tax receivable agreements (“TRAs”). The first TRA generally provides for the payment by APAM to a private equity fund (the “Pre-H&F Corp Merger Shareholder”) or its assignees of 85% of the applicable cash savings, if any, of U.S. federal, state and local income taxes that APAM actually realizes (or is deemed to realize in certain circumstances) as a result of (i) the tax attributes of the preferred units APAM acquired in the merger of a wholly-owned subsidiary of the Pre-H&F Corp Merger Shareholder into APAM in March 2013 and (ii) tax benefits related to imputed interest. The second TRA generally provides for the payment by APAM to current or former limited partners of Holdings or their assignees of 85% of the applicable cash savings, if any, of U.S. federal, state and local income taxes that APAM actually realizes (or is deemed to realize in certain circumstances) as a result of (i) certain tax attributes of their partnership units sold to APAM or exchanged (for shares of Class A common stock, convertible preferred stock or other consideration) and that are created as a result of such sales or exchanges and payments under the TRAs and (ii) tax benefits related to imputed interest. Under both agreements, APAM generally will retain the benefit of the remaining 15% of the applicable tax savings. For purposes of the TRAs, cash savings of income taxes are calculated by comparing APAM’s actual income tax liability to the amount it would have been required to pay had it not been able to utilize any of the tax benefits subject to the TRAs, unless certain assumptions apply. The TRAs will continue in effect until all such tax benefits have been utilized or expired, unless APAM exercises its right to terminate the agreements or payments under the agreements are accelerated in the event that APAM materially breaches any of its material obligations under the agreements. The actual increase in tax basis, as well as the amount and timing of any payments under these agreements, will vary depending upon a number of factors, including the timing of sales or exchanges by the holders of limited partnership units, the price of the Class A common stock at the time of such sales or exchanges, whether such sales or exchanges are taxable, the amount and timing of the taxable income APAM generates in the future and the tax rate then applicable and the portion of APAM’s payments under the TRAs constituting imputed interest or depreciable basis or amortizable basis. Payments under the TRAs, if any, will be made pro rata among all TRA counterparties entitled to payments on an annual basis to the extent APAM has sufficient taxable income to utilize the increased depreciation and amortization charges and imputed interest deductions. Artisan expects to make one or more payments under the TRAs, to the extent they are required, prior to or within 125 days after APAM’s U.S. federal income tax return is filed for each fiscal year. Interest on the TRA payments will accrue at a rate equal to one-year LIBOR plus 100 basis points from the due date (without extension) of such tax return until such payments are made. Amounts payable under the TRAs are estimates which may be impacted by factors, including but not limited to, expected tax rates, projected taxable income, and projected ownership levels and are subject to change. Changes in the estimates of amounts payable under tax receivable agreements are recorded as non-operating income (loss) in the unaudited consolidated statements of operations. The change in the Company’s deferred tax assets related to the tax benefits described above and the change in corresponding amounts payable under the TRAs for the nine months ended September 30, 2022 is summarized as follows: Deferred Tax Asset - Amortizable Basis Amounts Payable Under TRAs December 31, 2021 $ 459,893 $ 425,427 2022 Holdings Common Unit Exchanges 8,050 6,842 Amortization (31,581) — Payments under TRAs — (33,109) Change in estimate 10 (913) September 30, 2022 $ 436,372 $ 398,247 Net deferred tax assets comprise the following: As of September 30, 2022 As of December 31, 2021 Deferred tax assets: Amortizable basis (1) $ 436,372 $ 459,893 Other (2) 48,384 38,009 Total deferred tax assets 484,756 497,902 Less: valuation allowance (3) — — Net deferred tax assets $ 484,756 $ 497,902 (1) Represents the unamortized step-up of tax basis and other tax attributes from the merger and partnership unit sales and exchanges described above. These future tax benefits are subject to the TRA agreements. (2) Represents the net deferred tax assets associated with the merger described above and other miscellaneous deferred tax assets. These future tax benefits are not subject to the TRA agreements. (3) Artisan assessed whether the deferred tax assets would be realizable and determined based on its history of taxable income that the benefits would more likely than not be realized. Accordingly, no valuation allowance is required. Accounting standards establish a minimum threshold for recognizing, and a process for measuring, the benefits of income tax return positions in financial statements. The Company's gross liability for unrecognized tax benefits was $0.2 million and $1.3 million as of September 30, 2022 and December 31, 2021, respectively. The total amount of unrecognized tax benefits is not expected to significantly increase or decrease within the next twelve months. The Company recognizes interest and penalties related to unrecognized tax benefits as a component of the income tax provision. Accrued interest on unrecognized tax benefits was $24 thousand and $238 thousand as of September 30, 2022 and December 31, 2021, respectively. The gross unrecognized tax benefit is recorded within accounts payable, accrued expenses, and other in the Company’s unaudited condensed consolidated statements of financial condition. In the normal course of business, Artisan is subject to examination by federal and certain state, local and foreign tax regulators. As of September 30, 2022, U.S. federal income tax returns filed for the years 2019 through 2021 are open and therefore subject to examination. State, local, and foreign income tax returns filed are generally subject to examination from 2018 to 2021.

Earnings Per Share

Earnings Per Share	9 Months Ended
Earnings Per Share	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Note 12. Earnings Per Share Basic earnings per share is computed under the two-class method by dividing income available to Class A common stockholders by the weighted average number of Class A common shares outstanding during the period. Unvested restricted share-based awards are excluded from the number of Class A common shares outstanding for the basic earnings per share calculation because the shares have not yet been earned by employees. Income available to Class A common stockholders is computed by reducing net income attributable to APAM by earnings (both distributed and undistributed) allocated to participating securities, according to their respective rights to participate in those earnings. Except for certain performance share units, unvested share-based awards are participating securities because the awards include non-forfeitable dividend rights during the vesting period. Class B and Class C common shares do not share in profits of APAM and therefore are not reflected in the calculations. Diluted earnings per share is computed under the more dilutive of the treasury stock method or the two-class method. The weighted average number of Class A common shares outstanding during the period is increased by the assumed conversion of nonparticipating unvested share-based awards into Class A common stock using the treasury stock method. The computation of basic and diluted earnings per share for the three and nine months ended September 30, 2022 and 2021 were as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, Basic and Diluted Earnings Per Share 2022 2021 2022 2021 Numerator: Net income attributable to APAM $ 44,235 $ 86,413 $ 153,947 $ 251,898 Less: Allocation to participating securities 3,651 8,226 18,675 23,260 Net income available to common stockholders $ 40,584 $ 78,187 $ 135,272 $ 228,638 Denominator: Basic weighted average shares outstanding 62,623,434 59,965,549 62,329,756 59,519,634 Dilutive effect of nonparticipating share-based awards 9,226 17,225 23,519 16,260 Diluted weighted average shares outstanding 62,632,660 59,982,774 62,353,275 59,535,894 Earnings per share - Basic $ 0.65 $ 1.30 $ 2.17 $ 3.84 Earnings per share - Diluted $ 0.65 $ 1.30 $ 2.17 $ 3.84 Allocation to participating securities in the table above primarily represents dividends paid to holders of unvested restricted share-based awards, which reduces net income available to common stockholders. The Holdings limited partnership units are anti-dilutive primarily due to the impact of public company expenses. Unvested restricted share-based awards with non-forfeitable dividend rights during the vesting period are considered participating securities and are therefore anti-dilutive. The following table summarizes the weighted-average shares outstanding that are excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive: For the Three Months Ended September 30, For the Nine Months Ended September 30, Anti-Dilutive Weighted Average Shares Outstanding 2022 2021 2022 2021 Holdings limited partnership units 11,928,838 14,146,934 12,145,755 14,486,932 Unvested restricted share-based awards 5,668,508 5,417,353 5,587,842 5,438,556 Total 17,597,346 19,564,287 17,733,597 19,925,488

Indemnifications

Indemnifications	9 Months Ended
Indemnifications	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Indemnifications	Note 13. Indemnifications In the normal course of business, APAM enters into agreements that include indemnities in favor of third parties. Holdings has also agreed to indemnify APAM as its general partner, Artisan Investment Corporation (“AIC”) as its former general partner, the directors and officers of APAM, the directors and officers of AIC as its former general partner, the members of its former Advisory Committee, and its partners, directors, officers, employees and agents. Holdings’ subsidiaries may also have similar agreements to indemnify their respective general partner(s), directors, officers, directors and officers of their general partner(s), partners, members, employees, and agents. The Company’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Company that have not yet occurred. APAM maintains insurance policies that may provide coverage against certain claims under these indemnities.

Leases

Leases	9 Months Ended
Leases	Sep. 30, 2022
Leases [Abstract]
Leases	Note 14. Leases Operating lease expense was as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, Lease Type Classification 2022 2021 2022 2021 Parking leases Compensation and benefits $ 131 $ 130 $ 393 $ 388 Office leases Occupancy 4,157 3,664 13,256 10,862 Variable lease cost (1) Occupancy 410 14 486 44 Short-term lease cost (1) Occupancy 268 97 699 257 Sublease income Occupancy — (100) (133) (167) Office equipment leases Communication and technology 34 59 134 190 Total operating lease expense $ 5,000 $ 3,864 $ 14,835 $ 11,574 (1) Variable and short-term lease costs are excluded from the measurement of operating lease liabilities. The table below presents the maturity of operating lease liabilities: As of September 30, 2022 2022 (excluding the nine months ended September 30, 2022) $ 3,787 2023 18,428 2024 18,595 2025 18,524 2026 17,783 Thereafter 70,519 Total undiscounted lease payments $ 147,636 Adjustment to discount to present value (24,160) Operating lease liabilities $ 123,476 As of September 30, 2022, none of the options to extend lease terms were reasonably certain of being exercised. Other information related to leases was as follows: For the Nine Months Ended September 30, 2022 2021 Weighted average discount rate 4.1 % 4.6 % Weighted average remaining lease term 9.1 years 6.7 years Operating cash flows for operating leases $ 12,392 $ 12,779

Related Party Transactions

Related Party Transactions	9 Months Ended
Related Party Transactions	Sep. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Note 15. Related Party Transactions Several of the current executive officers and directors of APAM or entities associated with those individuals, are limited partners of Holdings. As a result, certain transactions (such as TRA payments) between Artisan and the limited partners of Holdings are considered to be related party transactions with respect to these persons. Holdings also makes estimated state tax payments on behalf of certain limited partners, including related parties. These payments are then netted from subsequent distributions or payments to the limited partners. At September 30, 2022 and December 31, 2021, accounts receivable included $16.7 million and $1.5 million, respectively, of partnership tax reimbursements due from Holdings’ limited partners, including related parties. Affiliate transactions—Artisan Funds Artisan has an agreement to serve as the investment adviser to Artisan Funds, with which certain Artisan employees are affiliated. Under the terms of the agreement, which generally is reviewed and continued by the board of directors of Artisan Funds annually, a fee is paid to Artisan based on an annual percentage of the average daily net assets of each Artisan Fund ranging from 0.60% to 1.05%. Artisan has contractually agreed to reimburse for expenses incurred to the extent necessary to limit annualized ordinary operating expenses incurred by certain of the Artisan Funds to not more than a fixed percentage (ranging from 0.88% to 1.50%) of a fund’s average daily net assets. In addition, Artisan may voluntarily waive fees or reimburse any of the Artisan Funds for other expenses. The officers and directors of Artisan Funds who are affiliated with Artisan receive no compensation from the funds. Investment advisory fees for managing Artisan Funds and amounts reimbursed by Artisan for fees and expenses (including management fees) are as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, Artisan Funds 2022 2021 2022 2021 Investment advisory fees (Gross of expense reimbursements) $ 136,216 $ 186,434 $ 446,417 $ 529,441 Elimination of fees from consolidated investment products (1) (73) — (137) — Consolidated investment advisory fees (Gross of expense reimbursements) $ 136,143 $ 186,434 $ 446,280 $ 529,441 Expense reimbursements $ 352 $ 180 $ 1,320 $ 517 Elimination of expense reimbursements from consolidated investment products (1) (128) — (300) — Consolidated expense reimbursements $ 224 $ 180 $ 1,020 $ 517 (1) Investment advisory fees and expense reimbursements related to consolidated investment products are eliminated from revenue upon consolidation. Affiliate transactions—Artisan Global Funds Artisan has an agreement to serve as the investment manager to Artisan Global Funds, with which certain Artisan employees are affiliated. Under the terms of these agreements, a fee is paid based on an annual percentage of the average daily net assets of each fund ranging from 0.70% to 1.85%. Artisan reimburses each sub-fund of Artisan Global Funds to the extent that sub-fund’s annual expenses, not including Artisan’s fee, exceed certain levels, which range from 0.10% to 0.20%. In addition, Artisan may voluntarily waive fees or reimburse any of the Artisan Global Funds for other expenses. The directors of Artisan Global Funds who are also employees of Artisan receive no compensation from the funds. Investment advisory fees for managing Artisan Global Funds and amounts reimbursed to Artisan Global Funds by Artisan are as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, Artisan Global Funds 2022 2021 2022 2021 Investment advisory fees (Gross of expense reimbursements) $ 10,471 $ 12,873 $ 33,301 $ 35,672 Elimination of fees from consolidated investment products (1) (58) (19) (94) (56) Consolidated investment advisory fees (Gross of expense reimbursements) $ 10,413 $ 12,854 $ 33,207 $ 35,616 Expense reimbursements $ 103 $ 147 $ 293 $ 334 Elimination of expense reimbursements from consolidated investment products (1) (113) (115) (278) (286) Consolidated expense reimbursements $ (10) $ 32 $ 15 $ 48 (1) Investment advisory fees and expense reimbursements related to consolidated investment products are eliminated from revenue upon consolidation. Affiliate transactions—Artisan Private Funds Pursuant to written agreements, Artisan serves as the investment manager, and acts as the general partner, for certain Artisan Private Funds. Under the terms of these agreements, Artisan earns a management fee and, for certain funds, is entitled to receive either an allocation of profits or a performance-based fee. In addition, Artisan has agreed to reimburse certain funds to the extent that expenses, excluding Artisan’s management fee, performance fee and transaction related costs, exceed certain levels, which range from 0.10% to 1.00% per annum of the net assets of the fund. Artisan may also voluntarily waive fees or reimburse the funds for other expenses. The directors of Artisan Private Funds and the officers of the general partners of the Artisan Private Funds who are affiliated with Artisan receive no compensation from the funds. Artisan and certain related parties, including employees, officers and members of the Company’s Board have invested in one or more of the Artisan Private Funds and currently do not pay a management fee, performance fee or incentive allocation. Investment advisory fees for managing the Artisan Private Funds and amounts reimbursed to Artisan Private Funds by Artisan are as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, Artisan Private Funds 2022 2021 2022 2021 Investment advisory fees (Gross of expense reimbursements) $ 3,592 $ 3,785 $ 11,651 $ 9,269 Elimination of fees from consolidated investment products (1) (147) (117) (430) (332) Consolidated investment advisory fees (Gross of expense reimbursements) $ 3,445 $ 3,668 $ 11,221 $ 8,937 Expense reimbursements $ 46 $ 67 $ 178 $ 221 Elimination of expense reimbursements from consolidated investment products (1) (19) (56) (94) (126) Consolidated expense reimbursements $ 27 $ 11 $ 84 $ 95 (1) Investment advisory fees and expense reimbursements related to consolidated investment products are eliminated from revenue upon consolidation.

Subsequent Events

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 16. Subsequent Events Distributions and dividends APAM, acting as the general partner of Artisan Partners Holdings, declared, effective November 1, 2022, a distribution by Artisan Partners Holdings of $12.5 million to holders of Artisan Partners Holdings partnership units, including APAM. The board of directors of APAM declared, effective November 1, 2022, a quarterly dividend of $0.56 per share of Class A common stock. The APAM dividend is payable on November 30, 2022, to stockholders of record as of November 16, 2022.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying financial statements are unaudited. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of such consolidated financial statements have been included. Such interim results are not necessarily indicative of full year results. The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial reporting and accordingly they do not include all of the information and footnotes required in the annual consolidated financial statements and accompanying footnotes. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. As a result, the interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in APAM’s latest annual report on Form 10-K. The accompanying financial statements were prepared in accordance with U.S. GAAP and related rules and regulations of the SEC. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates or assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from these estimates or assumptions.
Principles of consolidation	Principles of consolidation Artisan’s policy is to consolidate all subsidiaries or other entities in which it has a controlling financial interest. The consolidation guidance requires an analysis to determine if an entity should be evaluated for consolidation using the voting interest entity (“VOE”) model or the variable interest entity (“VIE”) model. Under the VOE model, controlling financial interest is generally defined as a majority ownership of voting interests. Under the VIE model, controlling financial interest is defined as (i) the power to direct activities that most significantly impact the economic performance of the entity and (ii) the right to receive potentially significant benefits or the obligation to absorb potentially significant losses. Artisan generally consolidates VIEs in which it meets the power criteria and holds an equity ownership interest of greater than 10%. The consolidated financial statements include the accounts of APAM and all subsidiaries or other entities in which APAM has a direct or indirect controlling financial interest. All material intercompany balances have been eliminated in consolidation. Artisan serves as the investment adviser to Artisan Funds, Artisan Global Funds and Artisan Private Funds. Artisan Funds and Artisan Global Funds are corporate entities, the business and affairs of which are managed by their respective boards of directors. The shareholders of the funds retain voting rights, including rights to elect and reelect members of their respective boards of directors. Each series of Artisan Funds is a VOE and is separately evaluated for consolidation under the VOE model. The shareholders of Artisan Global Funds lack simple majority liquidation rights, and as a result, each sub-fund of Artisan Global Funds is evaluated for consolidation under the VIE model. Artisan Private Funds are also evaluated for consolidation under the VIE model because third-party equity holders of the funds generally lack the ability to divest Artisan of its control of the funds.
Recent accounting pronouncements	Recent accounting pronouncements None.

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
Investment Securities (Tables)	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	As of September 30, 2022 As of December 31, 2021 Investments in equity securities $ 69,540 $ 37,179 Investments in equity securities accounted for under the equity method 8,700 10,699 Total investment securities $ 78,240 $ 47,878
Unrealized Gain (Loss) on Investments	For the Three Months Ended September 30, For the Nine Months Ended September 30, 2022 2021 2022 2021 Unrealized gain (loss) on investment securities held at the end of the period $ (6,675) $ (2,098) $ (24,145) $ 1,516
Gain (Loss) on Investments	Other net investment gain (loss) is presented within the non-operating income (expense) section of the Consolidated Statements of Operations. The components of other net investment gain (loss) are as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2022 2021 2022 2021 Net investment gain (loss) on nonconsolidated seed investments $ (1,649) $ (1,741) $ (4,585) $ 113 Net investment gain (loss) on franchise capital investments (3,987) (357) (19,192) 2,117 Other 73 (11) 48 (208) Other net investment gain (loss) $ (5,563) $ (2,109) $ (23,729) $ 2,022

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
Fair Value Measurements (Tables)	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair value hierarchy of assets and liabilities	The following provides the hierarchy of inputs used to derive fair value of Artisan’s assets and liabilities that are financial instruments as of September 30, 2022 and December 31, 2021: Assets and Liabilities at Fair Value Total NAV Practical Expedient (No Fair Value Level) Level 1 Level 2 Level 3 September 30, 2022 Assets Money market funds $ 19,556 $ — $ 19,556 $ — $ — Equity securities 78,240 8,296 69,944 — — December 31, 2021 Assets Money market funds $ 37,861 $ — $ 37,861 $ — $ — Equity securities 47,878 9,975 37,903 — —

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
Borrowings (Tables)	Sep. 30, 2022
Debt Disclosure [Abstract]
Schedule of borrowings	Artisan’s borrowings consist of the following as of September 30, 2022 and December 31, 2021: Maturity As of September 30, 2022 As of December 31, 2021 Interest Rate Per Annum Revolving credit agreement August 2027 $ — $ — NA Senior notes Series C August 2022 — 90,000 5.82 % Series D August 2025 60,000 60,000 4.29 % Series E August 2027 50,000 50,000 4.53 % Series F August 2032 90,000 — 3.10 % Total gross borrowings $ 200,000 $ 200,000 Debt issuance costs $ (993) $ (556) Total borrowings $ 199,007 $ 199,444
Aggregate maturities of debt obligations	As of September 30, 2022, the aggregate maturities of debt obligations, based on their contractual terms, are as follows: 2022 $ — 2023 — 2024 — 2025 60,000 2026 — Thereafter 140,000 Total $ 200,000

Variable Interest Entities an_2

Variable Interest Entities and Consolidated Investment Products (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Measurements, Recurring and Non-recurring [Abstract]
Variable Interest Entities and Consolidated Investment Products	The following tables present the fair value hierarchy levels of assets and liabilities held by CIPs measured at fair value as of September 30, 2022 and December 31, 2021: Assets and Liabilities at Fair Value Total Level 1 Level 2 Level 3 September 30, 2022 Assets Money market funds $ 18,077 $ 18,077 $ — $ — Equity securities - long position 40,885 38,625 2,260 — Fixed income instruments - long position 222,889 — 218,417 4,472 Derivative assets 528 210 318 — Liabilities Equity securities - short position $ 2,322 $ 2,322 $ — $ — Fixed income instruments - short position 17,173 — 17,173 — Derivative liabilities 1,556 1,433 123 — Assets and Liabilities at Fair Value Total Level 1 Level 2 Level 3 December 31, 2021 Assets Money market funds $ 7,908 $ 7,908 $ — $ — Equity securities - long position 33,583 31,838 1,745 — Fixed income instruments - long position 161,177 — 156,240 4,937 Derivative assets 241 — 241 — Liabilities Equity securities - short position $ 3,427 $ 3,427 $ — $ — Fixed income instruments - short position 15,570 — 15,570 — Derivative liabilities 182 4 178 — CIP balances included in the Company’s unaudited condensed consolidated statements of financial condition were as follows: As of September 30, 2022 As of December 31, 2021 Net CIP assets included in the table above $ 261,328 $ 183,730 Net CIP assets/(liabilities) not included in the table above (31,204) (10,769) Total Net CIP assets 230,124 172,961 Less: redeemable noncontrolling interests 128,881 111,035 Artisan’s direct equity investment in CIPs $ 101,243 $ 61,926

Noncontrolling interest - Hol_2

Noncontrolling interest - Holdings (Tables)	9 Months Ended
Noncontrolling interest - Holdings (Tables)	Sep. 30, 2022
Noncontrolling Interest [Abstract]
Schedule of Equity ownership Interests in Holdings	Holdings GP Units Limited Partnership Units Total APAM Ownership % Balance at December 31, 2021 66,699,872 12,335,197 79,035,069 84 % Holdings Common Unit Exchanges 634,692 (634,692) — 1 % Issuance of APAM Restricted Shares (1) 787,372 — 787,372 — % Delivery of Shares Underlying RSUs (1) 1,060 — 1,060 — % Restricted Share Award Net Share Settlement (1) (195,319) — (195,319) — % Forfeitures from Employee Terminations (1) (15,749) — (15,749) — % Balance at September 30, 2022 67,911,928 11,700,505 79,612,433 85 % (1) The impact of the transaction on APAM’s ownership percentage was less than 1%.
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net	The reallocation of equity had the following impact on the unaudited condensed consolidated statements of financial condition: Statements of Financial Condition For the Nine Months Ended September 30, 2022 2021 Additional paid-in capital $ (262) $ (1,256) Noncontrolling interests - Artisan Partners Holdings 291 1,277 Accumulated other comprehensive income (loss) (29) (21) Net impact to financial condition $ — $ —

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
Stockholders' Equity (Tables)	Sep. 30, 2022
Stockholders' Equity Note [Abstract]
Authorized and outstanding equity	APAM had the following authorized and outstanding equity as of September 30, 2022 and December 31, 2021, respectively: Outstanding Authorized As of September 30, 2022 As of December 31, 2021 Voting Rights (1) Economic Rights Common shares Class A, par value $0.01 per share 500,000,000 67,911,928 66,699,872 1 vote per share Proportionate Class B, par value $0.01 per share 200,000,000 2,589,388 3,206,580 1 vote per share None Class C, par value $0.01 per share 400,000,000 9,111,117 9,128,617 1 vote per share None (1) The Company’s employees to whom Artisan has granted equity have entered into a stockholders agreement with respect to all shares of APAM common stock they have acquired from the Company and any shares they may acquire from the Company in the future, pursuant to which they granted an irrevocable voting proxy to a Stockholders Committee. As of September 30, 2022, Artisan’s employees held 5,302,997 restricted shares of Class A common stock and all 2,589,388 outstanding shares of Class B common stock, all of which were subject to the agreement.
Dividends Declared	APAM declared and paid the following dividends per share during the three and nine months ended September 30, 2022 and 2021: Type of Dividend Class of Stock For the Three Months Ended September 30, For the Nine Months Ended September 30, 2022 2021 2022 2021 Quarterly Class A Common $ 0.60 $ 1.00 $ 2.39 $ 2.85 Special Annual Class A Common $ — $ — $ 0.72 $ 0.31
Issuance (Cancellation) of Shares Disclosure	The following table summarizes APAM’s stock transactions for the nine months ended September 30, 2022: Total Stock Outstanding Class A Common Stock (1) Class B Common Stock Class C Common Stock Balance at December 31, 2021 79,035,069 66,699,872 3,206,580 9,128,617 Holdings Common Unit Exchanges — 634,692 (617,192) (17,500) Restricted Share Award Grants 787,372 787,372 — — Restricted Share Award Net Share Settlement (195,319) (195,319) — — Delivery of Shares Underlying RSUs 1,060 1,060 — — Employee/Partner Terminations (15,749) (15,749) — — Balance at September 30, 2022 79,612,433 67,911,928 2,589,388 9,111,117 (1) There were 367,392 and 327,713 restricted stock units outstanding at September 30, 2022 and December 31, 2021, respectively. In addition, there were 231,170 and 135,230 performance share units outstanding at September 30, 2022 and December 31, 2021 respectively. Based on the quarter-end status of the market and performance conditions, the 231,170 unvested performance share units would ultimately result in the issuance of 231,173 shares of Class A common stock if all other vesting conditions were met. Restricted stock units and performance share units are not reflected in the table because they are not considered outstanding or issued stock.
Schedule of Distributions made to General and Limited Partners	The distributions are recorded in the financial statements on the declaration date, or on the payment date in lieu of a declaration date. Holdings’ partnership distributions for the three and nine months ended September 30, 2022 and 2021 were as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2022 2021 2022 2021 Holdings Partnership Distributions to Limited Partners $ 12,026 $ 25,629 $ 43,721 $ 67,889 Holdings Partnership Distributions to APAM 64,441 110,555 227,165 285,007 Total Holdings Partnership Distributions $ 76,467 $ 136,184 $ 270,886 $ 352,896

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
Revenue from Contracts with Customers (Tables)	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents a disaggregation of investment advisory revenue by type and vehicle for the three and nine months ended September 30, 2022 and 2021: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2022 2021 2022 2021 Management fees Artisan Funds $ 135,919 $ 186,254 $ 445,260 $ 528,924 Artisan Global Funds 10,423 12,822 33,192 35,568 Separate accounts and other (1) 87,849 117,100 288,449 336,519 Performance fees Separate accounts and other (1) 121 398 397 11,189 Total revenues (2) $ 234,312 $ 316,574 $ 767,298 $ 912,200 (1) Separate accounts and other revenue consists of management fees and performance fees earned from vehicles other than Artisan Funds or Artisan Global Funds, and therefore includes revenue earned from traditional separate accounts, Artisan-branded collective investment trusts and Artisan Private Funds. (2) All management fees and performance fees from consolidated investment products were eliminated upon consolidation and therefore are omitted from this table. See Note 15, “Related Party Transactions”.
Contract with Customer, Asset and Liability	The following table presents the balances of receivables related to contracts with customers: Customer As of September 30, 2022 As of December 31, 2021 Artisan Funds $ 4,087 $ 5,874 Artisan Global Funds 4,065 5,433 Separate accounts and other 70,867 98,568 Total receivables from contracts with customers $ 79,019 $ 109,875 Non-customer receivables 24,415 5,975 Accounts receivable $ 103,434 $ 115,850

Compensation and Benefits (Tabl

Compensation and Benefits (Tables)	9 Months Ended
Compensation and Benefits (Tables)	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Components of Compensation Expense	Total compensation and benefits consists of the following: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2022 2021 2022 2021 Salaries, incentive compensation and benefits (1) $ 109,563 $ 130,831 $ 352,221 $ 385,106 Long-term cash incentive compensation expense 2,453 1,806 7,065 4,941 Restricted share-based award compensation expense 10,017 9,598 30,073 29,666 Long-term incentive compensation expense 12,470 11,404 37,138 34,607 Total compensation and benefits $ 122,033 $ 142,235 $ 389,359 $ 419,713 (1) Excluding long-term incentive compensation expense
Restricted Share-Based Award Activity	The following tables summarize the restricted share-based award activity for the nine months ended September 30, 2022: Weighted-Average Grant Date Fair Value Restricted Stock Awards and Restricted Stock Units Unvested at January 1, 2022 $ 38.18 5,245,394 Granted 41.86 788,703 Forfeited 39.99 (15,749) Vested 35.09 (605,550) Unvested at September 30, 2022 $ 39.06 5,412,798
Nonvested Restricted Stock Shares Activity	Weighted-Average Grant Date Fair Value Performance Share Units Unvested at January 1, 2022 $ 61.42 135,230 Granted 53.50 95,940 Forfeited — — Vested — — Unvested at September 30, 2022 $ 58.13 231,170
Change in Value of Investments	The change in value of the investments had the following impact on the unaudited consolidated statements of operations: For the Three Months Ended September 30, For the Nine Months Ended September 30, Statement of Operations Section Statement of Operations Line Item 2022 2021 2022 2021 Operating expenses (benefit) Compensation and benefits $ (1,490) $ 83 $ (4,138) $ 297 Non-operating income (expense) Other net investment gain (loss) (3,987) (356) (19,192) 2,117

Income Taxes and Related Paym_2

Income Taxes and Related Payments (Tables)	9 Months Ended
Income Taxes and Related Payments (Tables)	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Components of the provision for income taxes	Components of the provision for income taxes consist of the following: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2022 2021 2022 2021 Current: Federal $ 5,934 $ 15,097 $ 19,606 $ 38,414 State and local 1,380 4,339 5,051 10,906 Foreign 129 152 407 406 Total 7,443 19,588 25,064 49,726 Deferred: Federal 6,212 7,198 18,458 24,155 State and local 1,095 1,268 3,239 4,256 Total 7,307 8,466 21,697 28,411 Income tax expense (benefit) $ 14,750 $ 28,054 $ 46,761 $ 78,137
Schedule of Other Assets and Other Liabilities	The change in the Company’s deferred tax assets related to the tax benefits described above and the change in corresponding amounts payable under the TRAs for the nine months ended September 30, 2022 is summarized as follows: Deferred Tax Asset - Amortizable Basis Amounts Payable Under TRAs December 31, 2021 $ 459,893 $ 425,427 2022 Holdings Common Unit Exchanges 8,050 6,842 Amortization (31,581) — Payments under TRAs — (33,109) Change in estimate 10 (913) September 30, 2022 $ 436,372 $ 398,247
Components of deferred tax assets	Net deferred tax assets comprise the following: As of September 30, 2022 As of December 31, 2021 Deferred tax assets: Amortizable basis (1) $ 436,372 $ 459,893 Other (2) 48,384 38,009 Total deferred tax assets 484,756 497,902 Less: valuation allowance (3) — — Net deferred tax assets $ 484,756 $ 497,902 (1) Represents the unamortized step-up of tax basis and other tax attributes from the merger and partnership unit sales and exchanges described above. These future tax benefits are subject to the TRA agreements. (2) Represents the net deferred tax assets associated with the merger described above and other miscellaneous deferred tax assets. These future tax benefits are not subject to the TRA agreements. (3) Artisan assessed whether the deferred tax assets would be realizable and determined based on its history of taxable income that the benefits would more likely than not be realized. Accordingly, no valuation allowance is required.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
Earnings Per Share (Tables)	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic, by Common Class, Including Two Class Method	The computation of basic and diluted earnings per share for the three and nine months ended September 30, 2022 and 2021 were as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, Basic and Diluted Earnings Per Share 2022 2021 2022 2021 Numerator: Net income attributable to APAM $ 44,235 $ 86,413 $ 153,947 $ 251,898 Less: Allocation to participating securities 3,651 8,226 18,675 23,260 Net income available to common stockholders $ 40,584 $ 78,187 $ 135,272 $ 228,638 Denominator: Basic weighted average shares outstanding 62,623,434 59,965,549 62,329,756 59,519,634 Dilutive effect of nonparticipating share-based awards 9,226 17,225 23,519 16,260 Diluted weighted average shares outstanding 62,632,660 59,982,774 62,353,275 59,535,894 Earnings per share - Basic $ 0.65 $ 1.30 $ 2.17 $ 3.84 Earnings per share - Diluted $ 0.65 $ 1.30 $ 2.17 $ 3.84
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following table summarizes the weighted-average shares outstanding that are excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive: For the Three Months Ended September 30, For the Nine Months Ended September 30, Anti-Dilutive Weighted Average Shares Outstanding 2022 2021 2022 2021 Holdings limited partnership units 11,928,838 14,146,934 12,145,755 14,486,932 Unvested restricted share-based awards 5,668,508 5,417,353 5,587,842 5,438,556 Total 17,597,346 19,564,287 17,733,597 19,925,488

Leases (Tables)

Leases (Tables)	9 Months Ended
Leases (Tables)	Sep. 30, 2022
Leases [Abstract]
Schedule of Operating Lease Expense and Other Information Related to Leases	Operating lease expense was as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, Lease Type Classification 2022 2021 2022 2021 Parking leases Compensation and benefits $ 131 $ 130 $ 393 $ 388 Office leases Occupancy 4,157 3,664 13,256 10,862 Variable lease cost (1) Occupancy 410 14 486 44 Short-term lease cost (1) Occupancy 268 97 699 257 Sublease income Occupancy — (100) (133) (167) Office equipment leases Communication and technology 34 59 134 190 Total operating lease expense $ 5,000 $ 3,864 $ 14,835 $ 11,574 (1) Variable and short-term lease costs are excluded from the measurement of operating lease liabilities. As of September 30, 2022, none of the options to extend lease terms were reasonably certain of being exercised. Other information related to leases was as follows: For the Nine Months Ended September 30, 2022 2021 Weighted average discount rate 4.1 % 4.6 % Weighted average remaining lease term 9.1 years 6.7 years Operating cash flows for operating leases $ 12,392 $ 12,779
Schedule of Maturity of Operating Lease Liabilities	The table below presents the maturity of operating lease liabilities: As of September 30, 2022 2022 (excluding the nine months ended September 30, 2022) $ 3,787 2023 18,428 2024 18,595 2025 18,524 2026 17,783 Thereafter 70,519 Total undiscounted lease payments $ 147,636 Adjustment to discount to present value (24,160) Operating lease liabilities $ 123,476

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
Related Party Transactions (Tables)	Sep. 30, 2022
Artisan Funds
Related Party Transaction [Line Items]
Schedule of related party transactions	Investment advisory fees for managing Artisan Funds and amounts reimbursed by Artisan for fees and expenses (including management fees) are as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, Artisan Funds 2022 2021 2022 2021 Investment advisory fees (Gross of expense reimbursements) $ 136,216 $ 186,434 $ 446,417 $ 529,441 Elimination of fees from consolidated investment products (1) (73) — (137) — Consolidated investment advisory fees (Gross of expense reimbursements) $ 136,143 $ 186,434 $ 446,280 $ 529,441 Expense reimbursements $ 352 $ 180 $ 1,320 $ 517 Elimination of expense reimbursements from consolidated investment products (1) (128) — (300) — Consolidated expense reimbursements $ 224 $ 180 $ 1,020 $ 517 (1) Investment advisory fees and expense reimbursements related to consolidated investment products are eliminated from revenue upon consolidation.
Artisan Global Funds
Related Party Transaction [Line Items]
Schedule of related party transactions	Investment advisory fees for managing Artisan Global Funds and amounts reimbursed to Artisan Global Funds by Artisan are as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, Artisan Global Funds 2022 2021 2022 2021 Investment advisory fees (Gross of expense reimbursements) $ 10,471 $ 12,873 $ 33,301 $ 35,672 Elimination of fees from consolidated investment products (1) (58) (19) (94) (56) Consolidated investment advisory fees (Gross of expense reimbursements) $ 10,413 $ 12,854 $ 33,207 $ 35,616 Expense reimbursements $ 103 $ 147 $ 293 $ 334 Elimination of expense reimbursements from consolidated investment products (1) (113) (115) (278) (286) Consolidated expense reimbursements $ (10) $ 32 $ 15 $ 48 (1) Investment advisory fees and expense reimbursements related to consolidated investment products are eliminated from revenue upon consolidation.
Artisan Private Funds
Related Party Transaction [Line Items]
Schedule of related party transactions	Investment advisory fees for managing the Artisan Private Funds and amounts reimbursed to Artisan Private Funds by Artisan are as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, Artisan Private Funds 2022 2021 2022 2021 Investment advisory fees (Gross of expense reimbursements) $ 3,592 $ 3,785 $ 11,651 $ 9,269 Elimination of fees from consolidated investment products (1) (147) (117) (430) (332) Consolidated investment advisory fees (Gross of expense reimbursements) $ 3,445 $ 3,668 $ 11,221 $ 8,937 Expense reimbursements $ 46 $ 67 $ 178 $ 221 Elimination of expense reimbursements from consolidated investment products (1) (19) (56) (94) (126) Consolidated expense reimbursements $ 27 $ 11 $ 84 $ 95 (1) Investment advisory fees and expense reimbursements related to consolidated investment products are eliminated from revenue upon consolidation.

Nature of Business and Organi_2

Nature of Business and Organization (Details)	Sep. 30, 2022
Artisan Partners Holdings LP
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Economic interest in Subsidiary (as a percent)	85%
Artisan Partners Limited Partnership
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Economic interest in Subsidiary (as a percent)	100%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies Other Information (Details)	9 Months Ended
	Sep. 30, 2022 numberOfProducts
Significant Accounting Policies [Line Items]
Variable interest entity, ownership percentage	10%
Artisan Global Funds
Significant Accounting Policies [Line Items]
Number of consolidated VIEs	5
Artisan Private Funds
Significant Accounting Policies [Line Items]
Number of consolidated VIEs	2
Artisan Funds
Significant Accounting Policies [Line Items]
Number of consolidated VIEs	2

Investment Securities - Investm

Investment Securities - Investments, Debt and Equity Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Investments in equity securities	$ 69,540	$ 37,179
Investments in equity securities accounted for under the equity method	8,700	10,699
Consolidated Entity, Excluding VIE
Marketable Securities [Line Items]
Total investment securities	78,240	47,878
Long-Term Cash Awards
Marketable Securities [Line Items]
Total investment securities	$ 57,300	$ 36,500

Investment Securities - Unreali

Investment Securities - Unrealized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Unrealized gain (loss) on investment securities held at the end of the period	$ (6,675)	$ (2,098)	$ (24,145)	$ 1,516
Consolidated Entity Excluding Variable Interest Entities (VIE)
Marketable Securities [Line Items]
Net investment gain (loss)	(5,563)	(2,109)	(23,729)	2,022
Seed Investments
Marketable Securities [Line Items]
Net investment gain (loss)	(1,649)	(1,741)	(4,585)	113
Long-Term Cash Awards
Marketable Securities [Line Items]
Net investment gain (loss)	(3,987)	(357)	(19,192)	2,117
Other
Marketable Securities [Line Items]
Net investment gain (loss)	$ 73	$ (11)	$ 48	$ (208)

Fair Value Measurements - Fair

Fair Value Measurements - Fair value hierarchy of assets and liabilities (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	$ 19,556	$ 37,861
Equity securities	78,240	47,878
NAV Practical Expedient (No Fair Value Level)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0	0
Equity securities	8,296	9,975
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	19,556	37,861
Equity securities	69,944	37,903
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0	0
Equity securities	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0	0
Equity securities	$ 0	$ 0

Borrowings - Components of Borr

Borrowings - Components of Borrowings (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Aug. 16, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Debt issuance costs	$ (993)		$ (556)
Borrowings	199,007		199,444
Long-Term Debt	200,000		$ 200,000
Senior notes \| Series C
Debt Instrument [Line Items]
Interest Rate Per Annum			5.82%
Long-Term Debt	$ 0	$ 90,000	$ 90,000
Senior notes \| Series D
Debt Instrument [Line Items]
Interest Rate Per Annum	4.29%		4.29%
Long-Term Debt	$ 60,000		$ 60,000
Senior notes \| Series E
Debt Instrument [Line Items]
Interest Rate Per Annum	4.53%		4.53%
Long-Term Debt	$ 50,000		$ 50,000
Senior notes \| Series F
Debt Instrument [Line Items]
Interest Rate Per Annum	3.10%
Long-Term Debt	$ 90,000		0
Revolving credit agreement
Debt Instrument [Line Items]
Long-Term Debt	$ 0		$ 0

Borrowings - Additional Informa

Borrowings - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Aug. 16, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Interest expense	$ 2,300	$ 2,600	$ 7,400	$ 7,700
Long-Term Debt	200,000		200,000			$ 200,000
Revolving credit agreement
Debt Instrument [Line Items]
Debt issuance costs	1,100		1,100
Long-Term Debt	0		0			0
Line of Credit Facility, Maximum Borrowing Capacity	100,000		100,000
Series F \| Senior notes
Debt Instrument [Line Items]
Debt issuance costs	$ 600		$ 600
Interest rate	3.10%		3.10%
Long-Term Debt	$ 90,000		$ 90,000			$ 0
Series C \| Senior notes
Debt Instrument [Line Items]
Interest rate						5.82%
Long-Term Debt	0		0		$ 90,000	$ 90,000
Level 2
Debt Instrument [Line Items]
Borrowings fair value	$ 176,900		$ 176,900

Borrowings - Aggregate Maturiti

Borrowings - Aggregate Maturities of Debt Obligations (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Long-term Debt, Fiscal Year Maturity [Abstract]
2022	$ 0
2023	0
2024	0
2025	60,000
2026	0
Thereafter	140,000
Total	$ 200,000	$ 200,000

Variable Interest Entities an_3

Variable Interest Entities and Consolidated Investment Products - Assets, Liabilities and Equity of the Fund (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Liabilities [Abstract]
Redeemable noncontrolling interests	$ 128,881	$ 111,035
Artisan’s direct equity investment in CIPs	101,200
Variable Interest Entity, Not Primary Beneficiary
Liabilities [Abstract]
Artisan’s direct equity investment in CIPs	8,700
Variable Interest Entity, Not Primary Beneficiary \| Artisan Funds
Liabilities [Abstract]
Artisan’s direct equity investment in CIPs	$ 9,600

Variable Interest Entities an_4

Variable Interest Entities and Consolidated Investment Products (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($) numberOfProducts	Dec. 31, 2021 USD ($)	Sep. 30, 2021 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deconsolidation, gain (loss), amount	$ 0
Less: redeemable noncontrolling interest	128,881	$ 111,035
Artisan’s direct equity investment in CIPs	$ 101,200
Artisan Global Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of consolidated VIEs \| numberOfProducts	5
Artisan Private Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of consolidated VIEs \| numberOfProducts	2
Variable Interest Entity, Not Primary Beneficiary
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Artisan’s direct equity investment in CIPs	$ 8,700
Variable Interest Entity, Primary Beneficiary
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	18,870	10,916	$ 16,582
Investments	264,302	195,001
Investment liabilities, at fair value	21,051	19,179
Net CIP assets included in the table above	261,328	183,730
Net CIP assets/(liabilities) not included in the table above	(31,204)	(10,769)
Total Net CIP assets	230,124	172,961
Artisan’s direct equity investment in CIPs	101,243	61,926
Fair Value, Measurements, Recurring \| Variable Interest Entity, Primary Beneficiary \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	18,077	7,908
Fair Value, Measurements, Recurring \| Variable Interest Entity, Primary Beneficiary \| Equity securities - long position
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	40,885	33,583
Investment liabilities, at fair value	2,322	3,427
Fair Value, Measurements, Recurring \| Variable Interest Entity, Primary Beneficiary \| Fixed income instruments - long position
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	222,889	161,177
Investment liabilities, at fair value	17,173	15,570
Fair Value, Measurements, Recurring \| Variable Interest Entity, Primary Beneficiary \| Derivative assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	528	241
Investment liabilities, at fair value	1,556	182
Level 1 \| Fair Value, Measurements, Recurring \| Variable Interest Entity, Primary Beneficiary \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	18,077	7,908
Level 1 \| Fair Value, Measurements, Recurring \| Variable Interest Entity, Primary Beneficiary \| Equity securities - long position
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	38,625	31,838
Investment liabilities, at fair value	2,322	3,427
Level 1 \| Fair Value, Measurements, Recurring \| Variable Interest Entity, Primary Beneficiary \| Fixed income instruments - long position
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Investment liabilities, at fair value	0	0
Level 1 \| Fair Value, Measurements, Recurring \| Variable Interest Entity, Primary Beneficiary \| Derivative assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	210	0
Investment liabilities, at fair value	1,433	4
Level 2 \| Fair Value, Measurements, Recurring \| Variable Interest Entity, Primary Beneficiary \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Level 2 \| Fair Value, Measurements, Recurring \| Variable Interest Entity, Primary Beneficiary \| Equity securities - long position
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	2,260	1,745
Investment liabilities, at fair value	0	0
Level 2 \| Fair Value, Measurements, Recurring \| Variable Interest Entity, Primary Beneficiary \| Fixed income instruments - long position
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	218,417	156,240
Investment liabilities, at fair value	17,173	15,570
Level 2 \| Fair Value, Measurements, Recurring \| Variable Interest Entity, Primary Beneficiary \| Derivative assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	318	241
Investment liabilities, at fair value	123	178
Level 3 \| Fair Value, Measurements, Recurring \| Variable Interest Entity, Primary Beneficiary \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Level 3 \| Fair Value, Measurements, Recurring \| Variable Interest Entity, Primary Beneficiary \| Equity securities - long position
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Investment liabilities, at fair value	0	0
Level 3 \| Fair Value, Measurements, Recurring \| Variable Interest Entity, Primary Beneficiary \| Fixed income instruments - long position
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	4,472	4,937
Investment liabilities, at fair value	0	0
Level 3 \| Fair Value, Measurements, Recurring \| Variable Interest Entity, Primary Beneficiary \| Derivative assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Investment liabilities, at fair value	$ 0	$ 0

Noncontrolling interest - Hol_3

Noncontrolling interest - Holdings Share Issuances & Cancellations (Details)	9 Months Ended
	Sep. 30, 2022 shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued (in shares)	(1,060)
Shares paid for tax withholding for share based compensation (in shares)	195,319
Forfeitures of Holdings GP Units from Employee Terminations (in shares)	(15,749)
Artisan Partners Holdings LP
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Ending balance	85%
Class A Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	66,699,872
Shares issued (in shares)	(1,060)
Holdings common unit exchanges (in shares)	(634,692)
Shares paid for tax withholding for share based compensation (in shares)	195,319
Forfeitures of Holdings GP Units from Employee Terminations (in shares)	(15,749)
Ending balance (in shares)	67,911,928
Limited Partnership Units
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	12,335,197
Holdings common unit exchanges (in shares)	(634,692)
Shares paid for tax withholding for share based compensation (in shares)	0
Forfeitures of Holdings GP Units from Employee Terminations (in shares)	0
Ending balance (in shares)	11,700,505
Capital Units
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	79,035,069
Holdings common unit exchanges (in shares)	0
Change in APAM economic ownership Interest in Artisan Partners Holdings LP (as a percent)	0%
Holdings of common unit exchanges, APAM ownership percentage	1%
Shares paid for tax withholding for share based compensation (in shares)	195,319
Forfeitures of Holdings GP Units from Employee Terminations (in shares)	(15,749)
Ending balance (in shares)	79,612,433
Capital Units \| Artisan Partners Holdings LP
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	84%
Ending balance	85%
Restricted Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued (in shares)	(787,372)
Restricted Stock \| Class A Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued (in shares)	(787,372)
Restricted Stock \| Limited Partnership Units
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued (in shares)	0
Restricted Stock \| Capital Units
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued (in shares)	(787,372)
Change in APAM economic ownership Interest in Artisan Partners Holdings LP (as a percent)	0%
Restricted Stock Units RSUs
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued (in shares)	(1,060)
Restricted Stock Units RSUs \| Class A Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued (in shares)	(1,060)
Restricted Stock Units RSUs \| Limited Partnership Units
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued (in shares)	0
Restricted Stock Units RSUs \| Capital Units
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Holdings of common unit exchanges, APAM ownership percentage	0%
Capital Units
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Change in APAM economic ownership Interest in Artisan Partners Holdings LP (as a percent)	0%

Noncontrolling interest - Hol_4

Noncontrolling interest - Holdings (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Noncontrolling Interest [Line Items]
Cumulative impact of changes in ownership of Artisan Partners Holdings LP	$ 0	$ 0	$ 0	$ 0
Net impact to financial condition			0	0
Additional Paid-in Capital
Noncontrolling Interest [Line Items]
Cumulative impact of changes in ownership of Artisan Partners Holdings LP	889	(412)	(262)	(1,256)
Noncontrolling Interests - Artisan Partners Holdings
Noncontrolling Interest [Line Items]
Cumulative impact of changes in ownership of Artisan Partners Holdings LP	(865)	419	291	1,277
Noncontrolling Interests - Artisan Partners Holdings \| Deferred Tax Assets
Noncontrolling Interest [Line Items]
Cumulative impact of changes in ownership of Artisan Partners Holdings LP			500	800
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interest [Line Items]
Cumulative impact of changes in ownership of Artisan Partners Holdings LP	$ (24)	$ (7)	$ (29)	$ (21)

Stockholders' Equity - Authoriz

Stockholders' Equity - Authorized and Outstanding Equity (Details)	Sep. 30, 2022 vote $ / shares shares	Dec. 31, 2021 $ / shares shares
Class of Stock [Line Items]
Common stock, shares, outstanding (in shares)	79,612,433	79,035,069
Restricted Stock
Class of Stock [Line Items]
Unvested - Number of awards (in shares)	5,412,798	5,245,394
Class A Common Stock
Class of Stock [Line Items]
Common stock, par value per share (in dollars per share) \| $ / shares	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares, outstanding (in shares)	67,911,928	66,699,872
Common stock votes per share \| vote	1
Class B Common Stock
Class of Stock [Line Items]
Common stock, par value per share (in dollars per share) \| $ / shares	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares, outstanding (in shares)	2,589,388	3,206,580
Common stock votes per share \| vote	1
Class C Common Stock
Class of Stock [Line Items]
Common stock, par value per share (in dollars per share) \| $ / shares	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	400,000,000	400,000,000
Common stock, shares, outstanding (in shares)	9,111,117	9,128,617
Common stock votes per share \| vote	1
Holdings GP Units \| Restricted Stock
Class of Stock [Line Items]
Unvested - Number of awards (in shares)	5,302,997

Stockholders' Equity - Dividend

Stockholders' Equity - Dividends Declared (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Dividends Declared [Line Items]
Dividends declared per Class A common share (in dollars per share)	$ 0.60	$ 1	$ 3.11	$ 3.16
Quarterly
Dividends Declared [Line Items]
Dividends declared per Class A common share (in dollars per share)	0.60	1	2.39	2.85
Special Annual
Dividends Declared [Line Items]
Dividends declared per Class A common share (in dollars per share)	$ 0	$ 0	$ 0.72	$ 0.31

Stockholders' Equity - Share Ac

Stockholders' Equity - Share Activity by Class of Stock (Details) - shares	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	79,035,069
Shares issued (in shares)	(1,060)
Restricted share award net share settlement (in shares)	(195,319)
Holdings Common Unit Exchanges (in shares)	(15,749)
Ending balance (in shares)	79,612,433
Class A Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	66,699,872
Shares issued (in shares)	(1,060)
Holdings common unit exchanges (in shares)	(634,692)
Restricted share award net share settlement (in shares)	(195,319)
Holdings Common Unit Exchanges (in shares)	(15,749)
Ending balance (in shares)	67,911,928
Class B Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	3,206,580
Shares issued (in shares)	0
Holdings common unit exchanges (in shares)	(617,192)
Restricted share award net share settlement (in shares)	0
Holdings Common Unit Exchanges (in shares)	0
Ending balance (in shares)	2,589,388
Class C Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	9,128,617
Shares issued (in shares)	0
Holdings common unit exchanges (in shares)	(17,500)
Restricted share award net share settlement (in shares)	0
Holdings Common Unit Exchanges (in shares)	0
Ending balance (in shares)	9,111,117
Restricted Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued (in shares)	(787,372)
Unvested - Number of awards (in shares)	5,412,798	5,245,394
Restricted Stock \| Class A Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued (in shares)	(787,372)
Restricted Stock \| Class B Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued (in shares)	0
Restricted Stock \| Class C Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued (in shares)	0
Restricted Stock Units RSUs
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued (in shares)	(1,060)
Restricted stock units outstanding (in shares)	367,392	327,713
Restricted Stock Units RSUs \| Class A Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued (in shares)	(1,060)
Performance Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock units outstanding (in shares)		135,230
Unvested - Number of awards (in shares)	231,170	135,230
Performance Shares \| Potential Performance Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Unvested - Number of awards (in shares)	231,173
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Holdings common unit exchanges (in shares)	0

Stockholders' Equity - Distribu

Stockholders' Equity - Distributions (Details) - Artisan Partners Holdings LP - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Partnership Distributions
Holdings Partnership Distributions to Limited Partners	$ 12,026	$ 25,629	$ 43,721	$ 67,889
Holdings Partnership Distributions to APAM	64,441	110,555	227,165	285,007
Total Holdings Partnership Distributions	$ 76,467	$ 136,184	$ 270,886	$ 352,896

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 234,312	$ 316,574	$ 767,298	$ 912,200
Total receivables from contracts with customers	79,019		79,019		$ 109,875
Non-customer receivables	24,415		24,415		5,975
Accounts receivable	103,434		103,434		115,850
Contract with customer, liability	0		0		0
Artisan Funds
Disaggregation of Revenue [Line Items]
Total receivables from contracts with customers	4,087		4,087		5,874
Artisan Global Funds
Disaggregation of Revenue [Line Items]
Total receivables from contracts with customers	4,065		4,065		5,433
Separate accounts and other
Disaggregation of Revenue [Line Items]
Total receivables from contracts with customers	70,867		70,867		$ 98,568
Management fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	234,191	316,176	766,901	901,011
Management fees \| Artisan Funds
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	135,919	186,254	445,260	528,924
Management fees \| Artisan Global Funds
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	10,423	12,822	33,192	35,568
Management fees \| Separate accounts and other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	87,849	117,100	288,449	336,519
Performance fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	121	398	397	11,189
Performance fees \| Separate accounts and other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 121	$ 398	$ 397	$ 11,189

Compensation and Benefits - Com

Compensation and Benefits - Components of expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Salaries, incentive compensation and benefits	$ 109,563	$ 130,831	$ 352,221	$ 385,106
Restricted share-based award compensation expense	10,017	9,598	30,073	29,666
Long-term incentive compensation expense	12,470	11,404	37,138	34,607
Compensation and benefits	122,033	142,235	389,359	419,713
Deferred Bonus
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Long-term cash incentive compensation expense	$ 2,453	$ 1,806	$ 7,065	$ 4,941

Compensation and Benefits - Add

Compensation and Benefits - Additional information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	14,000,000
Number of shares available for grant (in shares)	2,964,660
Issuance of restricted stock awards	$ 0	$ 0
Shares paid for tax withholding for share based compensation (in shares)	195,319
2022 Grant
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of restricted stock awards	$ 38,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period (in years)	5 years
Granted - Number of awards (in shares)	788,703
Unvested - Number of awards (in shares)	5,412,798		5,245,394
Unrecognized compensation expense	$ 81,800
Recognition period (in years)	3 years 6 months
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted - Number of awards (in shares)	787,372
Restricted Stock Units RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted - Number of awards (in shares)	1,331
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period (in years)	3 years
Award vesting rights	50%
Granted - Number of awards (in shares)	95,940
Unvested - Number of awards (in shares)	231,170		135,230
Unrecognized compensation expense	$ 7,500
Recognition period (in years)	2 years 7 months 6 days
Performance Shares \| Potential Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested - Number of awards (in shares)	231,173
Long-Term Cash Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Franchise capital award liability	$ 9,800		$ 6,900
Long-Term Cash Awards \| Deferred Bonus
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period (in years)	5 years
Awards granted, amount	$ 48,600
Deferred Bonus
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 51,400
Recognition period (in years)	4 years 2 months 12 days

Compensation and Benefits - Res

Compensation and Benefits - Restricted Share Activity (Details)	9 Months Ended
	Sep. 30, 2022 $ / shares shares
Restricted Stock
Weighted-Average Grant Date Fair Value
Beginning balance (in dollars per share) \| $ / shares	$ 38.18
Granted (in dollars per share) \| $ / shares	41.86
Forfeited (in dollars per share) \| $ / shares	39.99
Vested (in dollars per share) \| $ / shares	35.09
Ending balance (in dollars per share) \| $ / shares	$ 39.06
Restricted Stock Awards and Restricted Stock Units
Beginning balance (in shares) \| shares	5,245,394
Granted (in shares) \| shares	788,703
Forfeited (in shares) \| shares	(15,749)
Vested (in shares) \| shares	(605,550)
Ending balance (in shares) \| shares	5,412,798
Performance Shares
Weighted-Average Grant Date Fair Value
Beginning balance (in dollars per share) \| $ / shares	$ 61.42
Granted (in dollars per share) \| $ / shares	53.50
Forfeited (in dollars per share) \| $ / shares	0
Vested (in dollars per share) \| $ / shares	0
Ending balance (in dollars per share) \| $ / shares	$ 58.13
Restricted Stock Awards and Restricted Stock Units
Beginning balance (in shares) \| shares	135,230
Granted (in shares) \| shares	95,940
Forfeited (in shares) \| shares	0
Vested (in shares) \| shares	0
Ending balance (in shares) \| shares	231,170

Compensation and Benefits - Cha

Compensation and Benefits - Change in Value of Investments (Details) - Long-Term Cash Awards - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Compensation and benefits
Schedule of Investments [Line Items]
Compensation and benefits	$ (1,490)	$ 83	$ (4,138)	$ 297
Other net investment gain (loss)
Schedule of Investments [Line Items]
Net investment gain (loss)	$ (3,987)	$ (356)	$ (19,192)	$ 2,117

Income Taxes and Related Paym_3

Income Taxes and Related Payments - Additional information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) TRA	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Statutory tax rate			21%
Approximate percentage of earnings not subject to income taxes			17%
Effective tax rate			20.40%	18.80%
Number of tax receivable agreements (TRAs) \| TRA			2
TRA percent of savings to be paid to shareholders			85%
Tax receivable agreement percentage to be retained by entity			15%
Tax receivable agreement payment period			125 days
Deferred Tax Asset - Amortizable Basis
Deferred tax assets, beginning			$ 459,893
2022 Holdings Common Unit Exchanges			8,050
Amortization			(31,581)
Change in estimate			10
Deferred tax assets, ending	$ 436,372		436,372
Amounts Payable Under TRAs
Amounts payable under tax receivable, beginning agreements			425,427
Establishment of amounts payable under tax receivable agreements			5,929	$ 23,206
Change in estimate	(431)	$ (358)	(913)	$ (358)
Amounts payable under tax receivable, ending agreements	398,247		398,247
Unrecognized tax benefits	200		200		$ 1,300
Unrecognized tax benefits, income tax penalties accrued	$ 24		24		$ 238
Capital Unit
Amounts Payable Under TRAs
Establishment of amounts payable under tax receivable agreements			$ 6,842
LIBOR
Tax receivable, basis point spread on variable rate (as a percent)			100

Income Taxes and Related Paym_4

Income Taxes and Related Payments - Components of provision for income taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Current:
Federal	$ 5,934	$ 15,097	$ 19,606	$ 38,414
State and local	1,380	4,339	5,051	10,906
Foreign	129	152	407	406
Total	7,443	19,588	25,064	49,726
Deferred:
Federal	6,212	7,198	18,458	24,155
State and local	1,095	1,268	3,239	4,256
Total	7,307	8,466	21,697	28,411
Income tax expense (benefit)	$ 14,750	$ 28,054	$ 46,761	$ 78,137

Income Taxes and Related Paym_5

Income Taxes and Related Payments - Components of deferred tax assets (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Deferred tax assets:
Amortizable basis	$ 436,372	$ 459,893
Other	48,384	38,009
Total deferred tax assets	484,756	497,902
Less: valuation allowance	0	0
Deferred tax assets	$ 484,756	$ 497,902

Earnings Per Share - Computatio

Earnings Per Share - Computation of basic and diluted net income per share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Net income attributable to APAM	$ 44,235	$ 86,413	$ 153,947	$ 251,898
Less: Allocation to participating securities	3,651	8,226	18,675	23,260
Net income available to common stockholders	$ 40,584	$ 78,187	$ 135,272	$ 228,638
Basic weighted average shares outstanding (in shares)	62,623,434	59,965,549	62,329,756	59,519,634
Dilutive effect of nonparticipating share-based awards (in shares)	9,226	17,225	23,519	16,260
Diluted weighted average shares outstanding (in shares)	62,632,660	59,982,774	62,353,275	59,535,894
Earnings per share - Basic (in dollars per share)	$ 0.65	$ 1.30	$ 2.17	$ 3.84
Earnings per share - Diluted (in dollars per share)	$ 0.65	$ 1.30	$ 2.17	$ 3.84

Earnings Per Share - Antidiluti

Earnings Per Share - Antidilutive securities excluded from the computation of net income per share (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-Dilutive Weighted Average Shares Outstanding (in shares)	17,597,346	19,564,287	17,733,597	19,925,488
Holdings limited partnership units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-Dilutive Weighted Average Shares Outstanding (in shares)	11,928,838	14,146,934	12,145,755	14,486,932
Unvested restricted share-based awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-Dilutive Weighted Average Shares Outstanding (in shares)	5,668,508	5,417,353	5,587,842	5,438,556

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Operating Lease Cost
Operating lease expense	$ 5,000	$ 3,864	$ 14,835	$ 11,574
2022 (excluding the nine months ended September 30, 2022)	3,787		3,787
2023	18,428		18,428
2024	18,595		18,595
2025	18,524		18,524
2026	17,783		17,783
Thereafter	70,519		70,519
Total undiscounted lease payments	147,636		147,636
Adjustment to discount to present value	(24,160)		(24,160)
Operating lease liabilities	$ 123,476		$ 123,476		$ 100,303
Weighted average discount rate	4.10%	4.60%	4.10%	4.60%
Weighted average remaining lease term (in years)	9 years 1 month 6 days	6 years 8 months 12 days	9 years 1 month 6 days	6 years 8 months 12 days
Operating cash flows for operating leases			$ 12,392	$ 12,779
Compensation and benefits
Operating Lease Cost
Operating lease expense	$ 131	$ 130	393	388
Occupancy
Operating Lease Cost
Operating lease expense	4,157	3,664	13,256	10,862
Variable Lease, Cost	410	14	486	44
Short-term lease cost	268	97	699	257
Sublease income	0	(100)	(133)	(167)
Communication and technology
Operating Lease Cost
Operating lease expense	$ 34	$ 59	$ 134	$ 190

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Related Party Transaction [Line Items]
Accounts receivable	$ 16,700		$ 16,700		$ 1,500
Artisan Funds
Related Party Transaction [Line Items]
Investment management fees	136,216	$ 186,434	446,417	$ 529,441
Fee waiver / expense reimbursement	352	180	1,320	517
Artisan Funds \| Expense Reimbursement
Related Party Transaction [Line Items]
Investment management fees	224	180	1,020	517
Artisan Funds \| Management Fees Before Reimbursement Revenue
Related Party Transaction [Line Items]
Investment management fees	136,143	186,434	$ 446,280	529,441
Artisan Funds \| Minimum
Related Party Transaction [Line Items]
Management fee percentage of average daily net assets			0.60%
Annualized operating expenses maximum percentage of average daily net assets			0.88%
Artisan Funds \| Maximum
Related Party Transaction [Line Items]
Management fee percentage of average daily net assets			1.05%
Annualized operating expenses maximum percentage of average daily net assets			1.50%
Artisan Global Funds \| Expense Reimbursement
Related Party Transaction [Line Items]
Investment management fees	(10)	32	$ 15	48
Artisan Global Funds \| Management Fees Before Reimbursement Revenue
Related Party Transaction [Line Items]
Investment management fees	10,413	12,854	$ 33,207	35,616
Artisan Global Funds \| Minimum
Related Party Transaction [Line Items]
Management fee percentage of average daily net assets			0.70%
Management fee threshold for reimbursement, percentage average daily net assets			0.10%
Artisan Global Funds \| Maximum
Related Party Transaction [Line Items]
Management fee percentage of average daily net assets			1.85%
Management fee threshold for reimbursement, percentage average daily net assets			0.20%
Artisan Private Funds \| Expense Reimbursement
Related Party Transaction [Line Items]
Investment management fees	27	11	$ 84	95
Artisan Private Funds \| Management Fees Before Reimbursement Revenue
Related Party Transaction [Line Items]
Investment management fees	3,445	3,668	$ 11,221	8,937
Artisan Private Funds \| Minimum
Related Party Transaction [Line Items]
Management fee threshold for reimbursement, percentage average daily net assets			0.10%
Artisan Private Funds \| Maximum
Related Party Transaction [Line Items]
Management fee threshold for reimbursement, percentage average daily net assets			1%
Consolidation, Eliminations \| Artisan Funds \| Expense Reimbursement
Related Party Transaction [Line Items]
Investment management fees	(128)	0	$ (300)	0
Consolidation, Eliminations \| Artisan Funds \| Management Fees Before Reimbursement Revenue
Related Party Transaction [Line Items]
Investment management fees	(73)	0	(137)	0
Consolidation, Eliminations \| Artisan Global Funds \| Expense Reimbursement
Related Party Transaction [Line Items]
Investment management fees	(113)	(115)	(278)	(286)
Consolidation, Eliminations \| Artisan Global Funds \| Management Fees Before Reimbursement Revenue
Related Party Transaction [Line Items]
Investment management fees	(58)	(19)	(94)	(56)
Consolidation, Eliminations \| Artisan Private Funds \| Expense Reimbursement
Related Party Transaction [Line Items]
Investment management fees	(19)	(56)	(94)	(126)
Consolidation, Eliminations \| Artisan Private Funds \| Management Fees Before Reimbursement Revenue
Related Party Transaction [Line Items]
Investment management fees	(147)	(117)	(430)	(332)
Subsidiaries \| Artisan Global Funds \| Expense Reimbursement
Related Party Transaction [Line Items]
Investment management fees	103	147	293	334
Subsidiaries \| Artisan Global Funds \| Management Fees Before Reimbursement Revenue
Related Party Transaction [Line Items]
Investment management fees	10,471	12,873	33,301	35,672
Subsidiaries \| Artisan Private Funds \| Expense Reimbursement
Related Party Transaction [Line Items]
Investment management fees	46	67	178	221
Subsidiaries \| Artisan Private Funds \| Management Fees Before Reimbursement Revenue
Related Party Transaction [Line Items]
Investment management fees	$ 3,592	$ 3,785	$ 11,651	$ 9,269

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event $ / shares in Units, $ in Millions	Nov. 01, 2022 USD ($) $ / shares
Subsequent Event [Line Items]
Distribution made to partners, Cash distributions declared \| $	$ 12.5
Quarterly \| Class A Common Stock
Subsequent Event [Line Items]
Dividends declared (in dollars per share) \| $ / shares	$ 0.56