Artisan Partners Asset Management (APAM) 10-K 27 Feb 23 2022 FY Annual report Financial data

Document and Entity Information

Document and Entity Information Document - USD ($) $ / shares in Units, $ in Billions	12 Months Ended
	Dec. 31, 2022	Feb. 23, 2023	Jun. 30, 2022
Document Information [Line Items]
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
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
Entity Address, Address Line Two	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, $0.01 par value
Trading Symbol	APAM
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Central Index Key	0001517302
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
ICFR Auditor Attestation Flag	true
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Public Float			$ 2.3
Share Price (in dollars per share)			$ 35.57
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Chicago, Illinois
Auditor Firm ID	238
Document Type	10-K
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		67,948,122
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,491,147
Class C Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		9,025,147

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Accounts receivable	$ 98,634	$ 115,850
Investment securities	85,415	47,878
Prepaid expenses	15,723	12,543
Property and equipment, net	48,104	35,313
Operating lease assets	101,410	88,642
Restricted cash	0	629
Deferred tax assets	477,024	497,902
Total assets	1,234,608	1,208,047
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY
Accrued incentive compensation	29,762	7,521
Operating lease liabilities	120,847	100,303
Borrowings	199,050	199,444
Amounts payable under tax receivable agreements	398,789	425,427
Total liabilities	819,971	801,051
Commitments and contingencies
Redeemable noncontrolling interests	135,280	111,035
Additional paid-in capital	171,416	141,835
Retained earnings	93,088	134,889
Accumulated other comprehensive income (loss)	(3,079)	(1,310)
Total Artisan Partners Asset Management Inc. stockholders’ equity	262,221	276,204
Noncontrolling interests - Artisan Partners Holdings	17,136	19,757
Total stockholders’ equity	279,357	295,961
Total liabilities, redeemable noncontrolling interests, and stockholders’ equity	1,234,608	1,208,047
Consolidated Entity, Excluding VIE
ASSETS
Cash and cash equivalents	114,832	189,226
Investment securities	85,415	47,878
Accounts receivable and other	4,330	7,739
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY
Accounts payable, accrued expenses, and other	24,414	28,992
Variable Interest Entity, Primary Beneficiary
ASSETS
Cash and cash equivalents	28,416	10,916
Investment securities	255,743	195,001
Accounts receivable and other	4,977	6,408
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY
Accounts payable, accrued expenses, and other	26,358	20,185
Class A Common Stock
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND STOCKHOLDERS’ EQUITY
Common stock	680	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	$ 90	$ 91

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical)	Dec. 31, 2022 $ / shares shares
Common stock, par value (in dollars per share) | $ / shares	$ 0.01
Outstanding	79,606,056
Class A Common Stock
Authorized	500,000,000
Outstanding	67,982,025
Class B Common Stock
Authorized	200,000,000
Outstanding	2,583,884
Class C Common Stock
Authorized	400,000,000
Outstanding	9,040,147

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues
Revenue from Contracts with Customers	$ 993,285	$ 1,227,236	$ 899,567
Total revenues	993,285	1,227,236	899,567
Operating Expenses
Compensation and benefits	510,382	563,054	435,818
Distribution, servicing and marketing	24,612	31,719	24,312
Occupancy	28,833	21,942	21,922
Communication and technology	50,257	43,899	38,926
General and administrative	35,104	26,131	20,265
Total operating expenses	649,188	686,745	541,243
Operating Income (Loss), Total	344,097	540,491	358,324
Non-operating income (expense)
Interest expense	(9,912)	(10,803)	(10,804)
Net gain (loss) on the tax receivable agreements	913	358	(4,674)
Total non-operating income (expense)	(32,262)	11,059	10,974
Income before income taxes	311,835	551,550	369,298
Provision for income taxes	63,450	107,026	60,795
Net income before noncontrolling interests	248,385	444,524	308,503
Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings	49,123	96,879	81,079
Less: Net income (loss) attributable to noncontrolling interests - consolidated investment products	(7,493)	11,129	14,807
Net income attributable to Artisan Partners Asset Management Inc.	$ 206,755	$ 336,516	$ 212,617
Earnings per share - Basic	$ 2.94	$ 5.10	$ 3.40
Earnings per share - Diluted	$ 2.94	$ 5.09	$ 3.40
Basic weighted average number of common shares outstanding	62,475,960	59,866,790	55,633,529
Diluted weighted average number of common shares outstanding	62,498,509	59,881,039	55,637,922
Dividends declared per Class A common share	$ 3.67	$ 4.23	$ 3.39
Variable Interest Entity, Primary Beneficiary
Non-operating income (expense)
Net investment gain (loss) of consolidated investment products	$ (6,990)	$ 19,748	$ 26,147
Consolidated Entity Excluding Variable Interest Entities (VIE)
Non-operating income (expense)
Net investment gain (loss) of consolidated investment products	(16,273)	1,756	305
Management fees
Revenues
Revenue from Contracts with Customers	992,728	1,213,924	884,902
Performance fees
Revenues
Revenue from Contracts with Customers	$ 557	$ 13,312	$ 14,665

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net income before noncontrolling interests	$ 248,385	$ 444,524	$ 308,503
Other Comprehensive Income (Loss)
Foreign currency translation gain (loss)	(2,053)	(319)	732
Total other comprehensive income (loss)	(2,053)	(319)	732
Comprehensive income	246,332	444,205	309,235
Comprehensive income attributable to Artisan Partners Asset Management Inc.	204,986	336,197	213,052
Artisan Partners Holdings LP
Other Comprehensive Income (Loss)
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	48,839	96,879	81,376
Consolidated Investment Products
Other Comprehensive Income (Loss)
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	$ (7,493)	$ 11,129	$ 14,807

Consolidated Statements of Chan

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
Increase (Decrease) in Stockholders' Equity
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount	$ 43,110
Balance at beginning of period at Dec. 31, 2019	138,501	$ 564	$ 78	$ 136	$ 89,149	$ 44,455	$ (1,425)	$ 5,544
Increase (Decrease) in Stockholders' Equity
Net income	308,503					212,617		81,079
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	293,696
Comprehensive (loss) income attributable to noncontrolling interests - consolidated investment products	14,807
Other comprehensive income - foreign currency translation	732						623	109
Cumulative impact of changes in ownership of Artisan Partners Holdings LP	0				(2,544)		(189)	2,733
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	37,027				28,801			8,226
Adjustments to Paid In Capital Establishment of Deferred Tax Assets Net Of Amounts Payable Under Tax Receivable Agreements	14,740				14,740
Issuance of Class A common stock, net of issuance costs	62,714	18			62,696
Forfeitures and employee/partner terminations	0	0	0	0	0
Stock Issued During Period, Value, Restricted Stock Award, Gross	0	9			9
Employee net share settlement	(4,530)	(1)			(3,314)			(1,215)
Exchange of subsidiary equity	0	41	(15)	(26)	0
Purchase of equity and subsidiary equity	(63,027)		(18)	0	(63,009)
Capital contributions, net	38,277
Distributions	(85,805)							(85,805)
Dividends	(203,006)				(18,772)	(184,128)		(106)
Impact of deconsolidation of consolidated investment products	(2,441)
Balance at end of period at Dec. 31, 2020	191,042	631	45	110	107,738	72,944	(991)	10,565
Increase (Decrease) in Stockholders' Equity
Payments for Repurchase of Other Equity	63,027
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount	93,753
Net income	444,524					336,516		96,879
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	433,395
Comprehensive (loss) income attributable to noncontrolling interests - consolidated investment products	11,129
Other comprehensive income - foreign currency translation	(319)						(271)	(48)
Cumulative impact of changes in ownership of Artisan Partners Holdings LP	0				(563)		(48)	611
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	39,649				32,750			6,899
Adjustments to Paid In Capital Establishment of Deferred Tax Assets Net Of Amounts Payable Under Tax Receivable Agreements	9,656				9,656
Issuance of Class A common stock, net of issuance costs	46,640	10			46,630
Forfeitures and employee/partner terminations	0	(1)			1
Stock Issued During Period, Value, Restricted Stock Award, Gross	0	7			7
Employee net share settlement	(9,245)	(2)			(7,452)			(1,791)
Exchange of subsidiary equity	0	22	(6)	(16)
Purchase of equity and subsidiary equity	(46,928)		(7)	(3)	(46,918)
Capital contributions, net	73,236
Distributions	(93,189)							(93,189)
Dividends	(274,740)				0	(274,571)		(169)
Impact of deconsolidation of consolidated investment products	(67,083)
Balance at end of period at Dec. 31, 2021	295,961	667	32	91	141,835	134,889	(1,310)	19,757
Increase (Decrease) in Stockholders' Equity
Payments for Repurchase of Other Equity	46,928
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount	111,035
Net income	248,385					206,755		49,123
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	255,878
Comprehensive (loss) income attributable to noncontrolling interests - consolidated investment products	(7,493)
Other comprehensive income - foreign currency translation	(2,053)						(1,736)	(317)
Cumulative impact of changes in ownership of Artisan Partners Holdings LP	0				(1,087)		(33)	1,120
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	41,532				35,494	0		6,038
Adjustments to Paid In Capital Establishment of Deferred Tax Assets Net Of Amounts Payable Under Tax Receivable Agreements	1,894				1,894
Issuance of Class A common stock, net of issuance costs	(94)	0			(94)
Forfeitures and employee/partner terminations	0	0	0	0	0
Stock Issued During Period, Value, Restricted Stock Award, Gross	0	8			8
Employee net share settlement	(7,866)	(2)			(6,618)	(25)		(1,221)
Exchange of subsidiary equity	0	7	(6)	(1)
Capital contributions, net	41,011
Distributions	(57,199)							(57,199)
Dividends	(248,696)				0	(248,531)		(165)
Impact of deconsolidation of consolidated investment products	(9,273)
Balance at end of period at Dec. 31, 2022	279,357	$ 680	$ 26	$ 90	$ 171,416	$ 93,088	$ (3,079)	$ 17,136
Increase (Decrease) in Stockholders' Equity
Payments for Repurchase of Other Equity	0
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount	$ 135,280

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities
Net income before noncontrolling interests	$ 248,385	$ 444,524	$ 308,503
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	7,797	6,933	6,625
Deferred income taxes	30,156	38,382	27,990
Asset impairment	1,413	0	871
Noncash lease expense	1,865	(1,931)	(1,499)
Net investment (gain) loss on nonconsolidated investment securities	16,606	(2,315)	(160)
Net (gain) loss on the tax receivable agreements	(913)	(358)	4,674
Loss on disposal of property and equipment	51	4	5
Amortization of debt issuance costs	440	421	422
Share-based compensation	41,532	39,649	37,027
Net investment (gain) loss of consolidated investment products	6,990	(19,748)	(26,147)
Purchase of investments by consolidated investment products	(335,647)	(252,399)	(191,274)
Proceeds from sale of investments by consolidated investment products	211,537	196,620	137,561
Net change in operating assets and liabilities of consolidated investment products including net investment income	(45,970)	30,804	(36,587)
Change in assets and liabilities resulting in an increase (decrease) in cash:
Accounts receivable	16,622	(15,962)	(18,020)
Prepaid expenses and other assets	3,348	(3,164)	(6,110)
Accounts payable and accrued expenses	16,458	(1,301)	1,622
Net cash provided by operating activities	312,610	398,551	318,677
Cash flows from investing activities
Acquisition of property and equipment	(6,637)	(2,435)	(2,049)
Payments For Leasehold Improvements	12,921	3,532	1,050
Proceeds from sale of investment securities	5,164	12,813	24,001
Purchase of investment securities	(49,337)	(33,820)	(2,150)
Net cash provided by (used in) investing activities	(63,731)	(26,974)	18,752
Cash flows from financing activities
Partnership distributions	57,199	93,189	85,805
Dividends paid	(248,696)	(274,740)	(203,006)
Payment of debt issuance costs	(543)	0	0
Proceeds from issuance of notes payable	90,000	0	0
Principal payments on notes payable	(90,000)	0	0
Tax Receivable Agreement Payments	33,109	31,250	26,943
Net proceeds from issuance of common stock	0	46,928	63,027
Payment of costs directly associated with the issuance of Class A common stock	0	(244)	(227)
Payments for Repurchase of Other Equity	0	(46,928)	(63,027)
Taxes paid related to employee net share settlement	(7,866)	(9,246)	(4,530)
Capital contributions to consolidated investment products, net	41,011	73,236	38,277
Net cash used in financing activities	(306,402)	(335,433)	(282,234)
Net increase (decrease) in cash, cash equivalents and restricted cash	(57,523)	36,144	55,195
Net cash impact of deconsolidation of CIPs	0	(34,823)	0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance	200,771	199,450	144,255
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance	143,248	200,771	199,450
Cash, cash equivalents and restricted cash
Restricted cash	0	629	629
Noncash activity:
Establishment of deferred tax assets	9,054	54,214	77,756
Establishment of amounts payable under tax receivable agreements	6,471	44,209	64,087
Increase in investment securities due to deconsolidation of consolidated investment products	9,970	20,900	1,469
Operating lease assets obtained in exchange for operating leases	32,055	20,830	3,425
Cash paid for:
Interest on borrowings	10,299	10,210	10,255
Income tax	31,571	70,337	35,484
Consolidated Entity, Excluding VIE
Cash, cash equivalents and restricted cash
Cash and cash equivalents	114,832	189,226	154,987
Variable Interest Entity, Primary Beneficiary
Cash, cash equivalents and restricted cash
Cash and cash equivalents	$ 28,416	$ 10,916	$ 43,834

Nature of Business and Organiza

Nature of Business and Organization	12 Months Ended
	Dec. 31, 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 December 31, 2022, APAM held approximately 85% of the equity ownership interest in Holdings.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of significant accounting policies	Note 2. Summary of Significant Accounting Policies Basis of presentation The accompanying consolidated financial statements were prepared in accordance with U.S. generally accepted accounting principles (“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 Consolidated Financial Statements. As of December 31, 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 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. Reclassification In the year ended December 31, 2022, the Company changed the presentation of its Consolidated Statements of Operations to recategorize expenditures for computers and mobile devices from "General and administrative" to “Communication and technology". Amounts for the comparative prior fiscal year periods have been reclassified to conform to the current year presentation. These reclassifications had no impact on previously reported operating income, net income, or financial position. Management believes the revised presentation is more useful to readers of its financial statements. Operating segments Artisan operates in one segment, the investment management industry. Artisan provides investment management services to separate accounts and pooled investment vehicles. Management assesses the financial performance of these vehicles on a combined basis. Cash and cash equivalents Artisan defines cash and cash equivalents as money market funds and other highly liquid investments with original maturities of 90 days or less. Cash and cash equivalents are stated at cost, which approximates fair value due to the short-term nature and liquidity of these financial instruments. For disclosure purposes, cash equivalents are categorized as Level 1 in the fair value hierarchy. Cash and cash equivalents are subject to credit risk and were primarily maintained in demand deposit accounts with financial institutions or treasury money market funds. Interest and dividends related to cash and cash equivalents is recorded in other investment gain (loss) in the Consolidated Statements of Operations. Foreign currency translation Assets and liabilities of foreign operations whose functional currency is not the U.S. dollar are translated at prevailing year-end exchange rates. Revenue and expenses of such foreign operations are translated at average exchange rates during the year. The net effect of the translation adjustment for foreign operations is included in other comprehensive income (loss) in the Consolidated Statements of Comprehensive Income. The cumulative effect of translation adjustments is included in accumulated other comprehensive income (loss) and noncontrolling interests - Artisan Partners Holdings in the Consolidated Statements of Financial Condition, based on period-end ownership levels. Accounts receivable Accounts receivable are carried at invoiced amounts and consist primarily of investment advisory fees that have been earned, but not yet received from clients. Due to the short-term nature of the receivables, the carrying values of these assets approximate fair value. The accounts receivable balance does not include any allowance for doubtful accounts as Artisan believes all accounts receivable balances are fully collectible. There has not been any bad debt expense recorded for the years ended December 31, 2022, 2021 and 2020. Investment securities Investment securities consist of nonconsolidated investments in shares of Artisan Funds, Artisan Global Funds, and Artisan Private Funds. Investments provide exposure to various risks, including price risk (the risk of a potential future decline in value of the investment) and foreign currency risk. Investments are carried at fair value based on net asset values as of the valuation date. Realized and unrealized gains (losses) on nonconsolidated investment securities are recorded in other net investment gain (loss) in the Consolidated Statements of Operations. Dividend income from these investments is recognized when earned and is also included in other investment gain (loss). Property and equipment Property and equipment are carried at cost, less accumulated depreciation. Depreciation is generally recognized on a straight-line basis over the estimated useful lives of the respective assets or the remaining lease term, whichever is shorter. The estimated useful lives of property and equipment as of December 31, 2022 are as follows: Property and Equipment Type Useful Life Computers and equipment Three Computer software Three Furniture and fixtures Seven years Leasehold improvements Two Implementation costs incurred to develop or obtain internal-use software, including hosting arrangements, are capitalized and expensed on a straight-line basis over either the estimated useful life of the respective software or the term of the hosting arrangement. Property and equipment is tested for impairment when there is an indication that the carrying amount of an asset may not be recoverable. When an asset is determined to not be recoverable, the impairment loss is measured based on the excess, if any, of the carrying value of the asset over its fair value. Leases Artisan has lease commitments for office space, parking structures, and equipment, which are all accounted for as operating leases. Artisan records expense for operating leases on a straight-line basis over the lease term. Any lease incentives received by Artisan are also amortized on a straight-line basis over the lease term. Artisan assesses its contractual arrangements for the existence of a lease at inception. Operating leases with an initial term greater than 12 months are recorded as operating lease assets and operating lease liabilities in the Consolidated Statements of Financial Condition. Lease components (e.g. fixed rental payments) and non-lease components (e.g. fixed common-area maintenance costs) are generally accounted for as a single component. Operating lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. Operating lease assets are recognized at the lease commencement date based on the present value of lease payments over the lease term, adjusted for prepaid rent and the remaining balance of lease incentives received. Artisan's lease agreements generally do not provide an implicit interest rate, and therefore the present value calculation uses Artisan's estimated incremental borrowing rate. A market-based approach is used to estimate the incremental borrowing rate for each individual lease using observable market interest rates and Artisan specific inputs. The lease terms include periods covered by options to extend or exclude periods covered by options to terminate the lease when it is reasonably certain that Artisan will exercise that option. Restricted cash Restricted cash represents cash that is restricted as collateral on a standby letter of credit related to a lease obligation. Cash and cash equivalents of consolidated investment products Cash and cash equivalents of consolidated investment products consist of highly liquid investments, including money market funds. See Note 6, “Variable Interest Entities and Consolidated Investment Products” for additional details. Investment assets and liabilities of consolidated investment products Investment assets and liabilities of consolidated investment products primarily consist of equity securities, fixed income securities, short term investments, and derivatives. The carrying value of the investment assets and liabilities is also their fair value. Changes in the fair value of the investments are recognized as gains and losses in earnings. Equity securities are generally valued based upon closing market prices of the security on the principal exchange on which the security is traded. Fixed income securities include corporate bonds, convertible bonds and bank loans. Fixed income securities are generally valued based on prices provided by independent pricing vendors. Short term investments are comprised of repurchase agreements and U.S Treasury obligations. Repurchase agreements are valued at cost plus accrued interest and U.S treasury obligations are valued using the same principles as fixed income securities. Derivative assets and liabilities are generally comprised of put and call options on securities or indices and open forward foreign currency contracts. Put and call options are valued at the mid price (average of the bid price and ask price) as provided by the pricing vendor at the close of trading on the contract’s principal exchange. Open forward foreign currency contracts are valued using the market spot rate. See Note 6, “Variable Interest Entities and Consolidated Investment Products” for additional details. Redeemable noncontrolling interests Redeemable noncontrolling interests represent third-party investors’ ownership interest in consolidated investment products. Third-party investors in consolidated investment products generally have the right to withdraw their capital, subject to certain conditions. Noncontrolling interests of consolidated investment products that are currently redeemable or convertible for cash or other assets at the option of the holder are classified as temporary equity. Revenue recognition Artisan’s investment advisory revenue is derived from contracts with customers in the form of investment management fees and performance fees. Investment Management Fees Investment management fees are generally computed as a percentage of assets under management and are recognized as revenue at the end of each distinct service period. Management fees for providing investment advisory services are computed and billed in accordance with the underlying investment management agreements, which is generally on a monthly or quarterly basis. Investment management fees are presented net of cash rebates and expense reimbursements pursuant to contractual expense limitations of certain funds. Performance Fees A number of investment management agreements provide for performance-based fees or incentive allocations, collectively “performance fees”. Performance fees, if earned, are recognized upon completion of each contractually determined measurement period, which is generally quarterly or annually. Performance fees are not subject to claw back as a result of performance declines subsequent to the most recent measurement date. Revenue Recognition Artisan accounts for asset management services as a single performance obligation that is satisfied over time, using a time-based measure of progress to recognize revenue. Customer consideration is variable due to the uncertainty of the value of assets under management during each distinct service period. At the end of each period, Artisan records revenue for the actual amount of investment management fees earned for that period because the uncertainty has been resolved. Performance fees are subject to the uncertainty of market volatility, and as a result, the entire amount of the variable consideration related to performance fees is constrained until the end of each measurement period. At the end of the measurement period, revenue is recorded for the actual amount of performance fees earned during that period because the uncertainty has been resolved. For performance fees with annual measurement periods, revenue recognized in the current period could relate to performance obligations that were partially satisfied in prior periods. Customer Rebates and Expense Reimbursements Artisan has contractually agreed to reimburse for expenses incurred to the extent necessary to limit annualized ordinary operating expenses incurred by certain funds to not more than a fixed percentage of the funds’ average daily net assets. Artisan may also contractually agree to pay fee rebates to certain investors in Artisan Global Funds. Artisan accounts for all reimbursements and rebates as a reduction of the transaction price (and, hence, of revenue) because the billing adjustments and payments represent consideration payable to customers and Artisan does not receive any distinct goods or services from the customers in exchange. Share-based compensation Share-based 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 share-based awards. The Company’s accounting policy is to record the impact of forfeitures when they occur. Distribution, servicing and marketing Artisan Funds has authorized certain financial services companies, broker-dealers, banks or other intermediaries, and in some cases other organizations designated by an authorized intermediary, to accept purchase, exchange, and redemption orders for shares of Artisan Funds on the funds’ behalf. Many intermediaries charge a fee for accounting and shareholder services provided to fund shareholders on the funds’ behalf. Those services typically include recordkeeping, transaction processing for shareholders’ accounts, and other services. Fees are either based on the number of accounts to which the intermediary provides such services or a percentage of the average daily value of fund shares held in such accounts. The funds pay a portion of such fees directly to the intermediaries, which are intended to compensate the intermediary for its provision of services of the type that would be provided by the funds’ transfer agent or other service providers if the shares were registered directly on the books of the funds’ transfer agent. Artisan pays the balance of those fees which includes compensation to the intermediary for its distribution, servicing and marketing of Artisan Funds shares. Artisan Global Funds also have arrangements pursuant to which Artisan is required to pay a portion of its investment management fee for distribution, servicing and marketing of Artisan Global Funds shares. Distribution, servicing and marketing fees paid by Artisan are presented as an operating expense because Artisan is the principal in its role as the primary obligor related to these services. Expenses incurred were as follows: For the Years Ended December 31, 2022 2021 2020 Expenses incurred with respect to Artisan Funds $ 20,708 $ 28,640 $ 21,320 Expenses incurred with respect to Global Funds 903 899 595 Other marketing expenses 3,001 2,180 2,397 Total distribution, servicing and marketing $ 24,612 $ 31,719 $ 24,312 Accrued fees to intermediaries were $3.8 million and $5.3 million as of December 31, 2022 and 2021, respectively, and are included in accounts payable, accrued expenses and other in the Consolidated Statements of Financial Condition. Loss contingencies Artisan considers the assessment of loss contingencies as a significant accounting policy because of the significant uncertainty relating to the outcome of any potential legal actions and other claims and the difficulty of predicting the likelihood and range of the potential liability involved, coupled with the material impact on Artisan’s results of operations that could result from legal actions or other claims and assessments. Artisan recognizes estimated costs to defend as incurred. Potential loss contingencies are reviewed at least quarterly and are adjusted to reflect the impact and status of settlements, rulings, advice of counsel and other information pertinent to a particular matter. Significant differences could exist between the actual cost required to investigate, litigate and/or settle a claim or the ultimate outcome of a suit and management’s estimate. These differences could have a material impact on Artisan’s results of operations, financial position, or cash flows. Recoveries of losses are recognized in the Consolidated Statements of Operations when receipt is deemed probable. No loss contingencies were recorded at December 31, 2022, 2021 and 2020. Currently, there are no legal or administrative proceedings that management believes may have a material effect on Artisan’s consolidated financial position, cash flows or results of operations. Income taxes Artisan accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the future tax consequences attributable to temporary differences between the financial statement carrying amounts and tax bases of assets and liabilities. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be realized or settled. Artisan recognizes a valuation allowance if it is more likely than not that some portion or all of the deferred tax assets will not be realized. Artisan accounts for uncertain income tax positions by recognizing the impact of a tax position in its consolidated financial statements when Artisan believes it is more likely than not that the tax position would not be sustained upon examination by the appropriate tax authorities based on the technical merits of the position. Comprehensive income (loss) Total comprehensive income (loss) includes net income and other comprehensive income. Other comprehensive income (loss) consists of foreign currency translation. Partnership distributions Artisan makes distributions to its partners for purposes of paying income taxes as required under the terms of Artisan Partners Holdings’ partnership agreement. Tax distributions are calculated utilizing the highest combined individual federal, state and local income tax rate among the various locations in which the partners, as a result of owning their interests in the partnership, are subject to tax, assuming maximum applicability of the phase-out of itemized deductions contained in the Internal Revenue Code that apply to any specific tax year. Artisan also makes additional distributions under the terms of the partnership agreement. Distributions are recorded in the financial statements on the declaration date. 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. Recent accounting pronouncements None.

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 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 December 31, 2022 As of December 31, 2021 Investments in equity securities $ 76,156 $ 37,179 Investments in equity securities accounted for under the equity method 9,259 10,699 Total investment securities $ 85,415 $ 47,878 Artisan’s investments in equity securities consist of investments in Artisan Funds, Artisan Global Funds and Artisan Private Funds. As of December 31, 2022, $63.3 million of Artisan’s investment securities were related to the economic hedge of franchise capital awards. Unrealized gain (loss) related to investment securities held at the end of the periods indicated below were as follows: As of December 31, 2022 As of December 31, 2021 As of December 31, 2020 Unrealized gain (loss) on investment securities held at the end of the period $ (14,799) $ 1,602 $ 716 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 Years Ended December 31, 2022 2021 2020 Net investment gain (loss) on seed investments $ (3,407) $ (401) $ 160 Net investment gain (loss) on franchise capital investments $ (13,198) $ 2,716 $ — Other $ 332 $ (559) $ 145 Other net investment gain (loss) $ (16,273) $ 1,756 $ 305

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 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 December 31, 2022 and 2021: Assets and Liabilities at Fair Value Total NAV Practical Expedient (No Fair Value Level) Level 1 Level 2 Level 3 December 31, 2022 Assets Money market funds $ 3,297 $ — $ 3,297 $ — $ — Equity securities 85,415 8,835 76,580 — — December 31, 2021 Assets Money market funds $ 37,861 $ — $ 37,861 $ — $ — Equity securities 47,878 9,975 37,903 — —

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Borrowings	Note 5. Borrowings Artisan’s borrowings consist of the following as of December 31, 2022 and 2021: Maturity (1) Outstanding Balance at December 31, 2022 Outstanding Balance at 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 Unamortized debt issuance costs $ (950) $ (556) Total borrowings $ 199,050 $ 199,444 (1) The Company is not required to make principal payments on any of the outstanding obligations prior to contractual maturity. The fair value of borrowings was approximately $179.0 million as of December 31, 2022. Fair value was determined based on future cash flows, discounted to present value using current market interest rates. The inputs are categorized as Level 2 in the fair value hierarchy, as defined in Note 4, “Fair Value Measurements”. On August 16, 2022, Artisan Partners Holdings issued $90.0 million of 3.10% Series F notes pursuant to an agreement executed in December 2021 and used the proceeds to repay the $90.0 million of Series C senior notes that matured on August 16, 2022. The Company incurred debt issuance costs related to the notes of $0.6 million, which are amortized as interest expense over the life of the instrument. The fixed interest rate on each series of unsecured notes is subject to a one percentage point increase in the event Holdings receives a below-investment grade rating and any such increase will continue to apply until an investment grade rating is received. Revolving credit agreement - On August 16, 2022, Artisan Partners Holdings amended and extended its $100.0 million revolving credit facility for an additional five-year period. The Company incurred debt issuance costs related to the revolving credit facility of $1.1 million, which are amortized as interest expense over the life of the instrument. Any loans outstanding under the revolving credit agreement bear interest at a rate per annum equal to, at the Company’s election, (i) adjusted Term SOFR plus an applicable margin ranging from 1.25% to 2.25%, depending on Holdings’ leverage ratio (as defined in the revolving credit agreement) or (ii) an alternate base rate equal to the highest of (a) Citibank, N.A.’s prime rate, (b) the federal funds effective rate plus 0.50%, and (c) the adjusted Term SOFR for a one-month interest period plus 1.00%, plus, in each case, an applicable margin ranging from 0.25% to 1.25%, depending on Holdings’ leverage ratio. Unused commitments will bear interest at a rate that ranges from 0.15% to 0.45%, depending on Holdings’ leverage ratio. As of and for the year-ended December 31, 2022, there were no borrowings outstanding under the revolving credit agreement and the interest rate on the unused commitment was 0.15%. The unsecured notes and the revolving credit agreement contain certain restrictive financial covenants including a limitation on the leverage ratio of Holdings and a minimum interest coverage ratio. The Company was in compliance with all debt covenants as of December 31, 2022. Interest expense incurred on the unsecured notes and revolving credit agreement was $9.3 million, $10.3 million, and $10.3 million for the years ended December 31, 2022, 2021 and 2020, respectively.

Variable Interest Entities and

Variable Interest Entities and Consolidated Investment Products (Notes)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [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 December 31, 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 $106.7 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 direct 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 17, “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 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 attributable to noncontrolling interests - consolidated investment products in the Consolidated Statements of Operations. During the year ended December 31, 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 consolidated statements of financial condition. There was no net impact to the consolidated statements of operations for the year ended December 31, 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 $10.0 million direct equity investment was reclassified from investment assets of consolidated investment products to investment securities. As of December 31, 2022, Artisan held direct equity investments of $9.3 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 prices provided by independent 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. Short term investments are comprised of repurchase agreements and U.S Treasury obligations. Repurchase agreements are valued at cost plus accrued interest and U.S treasury obligations are valued using the same principles as fixed income securities. Derivative assets and liabilities are generally comprised of put and call options on securities and indices and forward foreign currency contracts. Put and call options are valued at the mid price (average of bid price and ask price) as provided by the pricing vendor at the close of trading on the contract’s principal exchange. Open forward foreign currency contracts are valued using the market spot rate. The following tables present the fair value hierarchy levels of assets and liabilities held by CIPs measured at fair value as of December 31, 2022 and 2021: Assets and Liabilities at Fair Value Total Level 1 Level 2 Level 3 December 31, 2022 Assets Money market funds $ 25,140 $ 25,140 $ — $ — Equity securities - long position 32,388 30,179 2,209 — Fixed income instruments - long position 216,638 — 212,368 4,270 Derivative assets 951 74 877 — Short term investments 5,766 — 5,766 — Liabilities Equity securities - short position $ 256 $ 256 $ — $ — Fixed income instruments - short position 17,273 — 17,273 — Derivative liabilities 3,222 2,462 760 — 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 consolidated statements of financial condition were as follows: As of December 31, As of December 31, Net CIP assets included in the table above $ 260,132 $ 183,730 Net CIP assets (liabilities) not included in the table above (18,105) (10,769) Total Net CIP assets 242,027 172,961 Less: redeemable noncontrolling interests 135,280 111,035 Artisan’s direct equity investment in CIPs $ 106,747 $ 61,926

Noncontrolling Interest - Holdi

Noncontrolling Interest - Holdings	12 Months Ended
	Dec. 31, 2022
Noncontrolling Interest [Abstract]
Noncontrolling Interest - Holdings	Note 7. Noncontrolling Interests - Holdings Net income attributable to noncontrolling interests - Artisan Partners Holdings in the 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 December 31, 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 years ended December 31, 2022, 2021 and 2020, APAM’s equity ownership interest in Holdings has increased as a result of the following transactions: Holdings GP Units Limited Partnership Units Total APAM Ownership % Balance at January 1, 2020 56,429,825 21,372,029 77,801,854 73 % Issuance of APAM Restricted Shares, Net (1) 789,114 — 789,114 — % Delivery of Shares Underlying RSUs (1) 24,233 — 24,233 — % 2020 Follow-On Offering 1,802,326 (1,802,326) — 2 % Holdings Common Unit Exchanges 4,128,600 (4,128,600) — 5 % Forfeitures from Employee Terminations (1) (43,091) — (43,091) — % Balance at December 31, 2020 63,131,007 15,441,103 78,572,110 80 % Issuance of APAM Restricted Shares, Net 562,289 — 562,289 1 % Delivery of Shares Underlying RSUs (1) 1,074 — 1,074 — % 2021 Follow-On Offering 963,614 (963,614) — 1 % Holdings Common Unit Exchanges 2,142,292 (2,142,292) — 2 % Forfeitures from Employee Terminations (1) (100,404) — (100,404) — % Balance at December 31, 2021 66,699,872 12,335,197 79,035,069 84 % Issuance of APAM Restricted Shares, Net (1) 588,598 — 588,598 — % Delivery of Shares Underlying RSUs (1) 1,060 — 1,060 — % Holdings Common Unit Exchanges 711,166 (711,166) — 1 % Forfeitures from Employee Terminations (1) (18,671) — (18,671) — % Balance at December 31, 2022 67,982,025 11,624,031 79,606,056 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 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 Consolidated Statements of Financial Condition: Statements of Financial Condition For the Years Ended December 31, 2022 2021 Additional paid-in capital $ (1,087) $ (563) Noncontrolling interests - Artisan Partners Holdings 1,120 611 Accumulated other comprehensive income (loss) (33) (48) 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 $0.6 million and $1.8 million for the years ended December 31, 2022 and 2021, respectively.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Stockholders' Equity	Note 8. Stockholders’ Equity APAM - Stockholders’ Equity APAM had the following authorized and outstanding equity as of December 31, 2022 and 2021, respectively: Outstanding Common shares Authorized December 31, 2022 December 31, 2021 Voting Rights (1) Economic Rights Class A, par value $0.01 per share 500,000,000 67,982,025 66,699,872 1 vote per share Proportionate Class B, par value $0.01 per share 200,000,000 2,583,884 3,206,580 1 vote per share None Class C, par value $0.01 per share 400,000,000 9,040,147 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 December 31, 2022, Artisan’s employees held 5,286,542 restricted shares of Class A common stock and all 2,583,884 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 years ended December 31, 2022, 2021 and 2020: For the Years Ended December 31, Type of Dividend Class of Stock 2022 2021 2020 Quarterly Common Class A $ 2.95 $ 3.92 $ 2.79 Special Annual Common Class A $ 0.72 $ 0.31 $ 0.60 The following table summarizes APAM’s stock transactions for the years ended December 31, 2022, 2021 and 2020: Total Stock Outstanding Class A Common Stock (1) Class B Common Stock Class C Common Stock Balance at January 1, 2020 77,801,854 56,429,825 7,803,364 13,568,665 2020 Follow-On Offering — 1,802,326 (1,777,326) (25,000) Holdings Common Unit Exchanges — 4,128,600 (1,535,275) (2,593,325) Delivery of Shares Underlying RSUs 24,233 24,233 — — Restricted Share Award Grants 916,085 916,085 — — Restricted Share Award Net Share Settlement (126,971) (126,971) — — Employee/Partner Terminations (43,091) (43,091) (32,805) 32,805 Balance at December 31, 2020 78,572,110 63,131,007 4,457,958 10,983,145 2021 Follow-On Offering — 963,614 (638,614) (325,000) Holdings Common Unit Exchanges — 2,142,292 (612,764) (1,529,528) Delivery of Shares Underlying RSUs 1,074 1,074 — — Restricted Share Award Grants 740,249 740,249 — — Restricted Share Award Net Share Settlement (177,960) (177,960) — — Employee/Partner Terminations (100,404) (100,404) — — Balance at December 31, 2021 79,035,069 66,699,872 3,206,580 9,128,617 Holdings Common Unit Exchanges — 711,166 (622,696) (88,470) Delivery of Shares Underlying RSUs 1,060 1,060 — — Restricted Share Award Grants 787,372 787,372 — — Restricted Share Award Net Share Settlement (198,774) (198,774) — — Employee/Partner Terminations (18,671) (18,671) — — Balance at December 31, 2022 79,606,056 67,982,025 2,583,884 9,040,147 (1) There were 367,392, 327,713, and 304,570 restricted stock units outstanding at December 31, 2022, 2021, and 2020, respectively. In addition, there were 231,170 and 135,230 performance share units outstanding at December 31, 2022 and 2021, respectively. Based on the current status of the market and performance conditions, the 231,170 unvested performance share units would ultimately result in the issuance of 261,173 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 years ended December 31, 2022, 2021 and 2020 were as follows: For the Years Ended December 31, 2022 2021 2020 Holdings Partnership Distributions to Limited Partners $ 57,199 $ 93,189 $ 85,805 Holdings Partnership Distributions to APAM 299,040 400,191 270,044 Total Holdings Partnership Distributions $ 356,239 $ 493,380 $ 355,849

Revenue from Contract with Cust

Revenue from Contract with Customer (Notes)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Text Block]	Note 9. Revenue From Contracts with Customers The following table presents a disaggregation of investment advisory revenue by type and vehicle for the years ended December 31, 2022, 2021 and 2020: For the Years Ended December 31, 2022 2021 2020 Management fees Artisan Funds $ 573,924 $ 712,952 $ 503,642 Artisan Global Funds 43,128 48,498 33,531 Separate accounts and other (1) 375,676 452,474 347,729 Performance fees Separate accounts and other (1) 557 13,312 14,650 Artisan Global Funds — — 15 Total revenues (2) $ 993,285 $ 1,227,236 $ 899,567 (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 17, “Related Party Transactions”. The following table presents the balances of receivables related to contracts with customers: Customer December 31, December 31, Artisan Funds $ 5,597 $ 5,874 Artisan Global Funds 4,453 5,433 Separate accounts and other 74,936 98,568 Total receivables from contracts with customers $ 84,986 $ 109,875 Non-customer receivables 13,648 5,975 Accounts receivable $ 98,634 $ 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 December 31, 2022 and 2021.

Compensation and Benefits

Compensation and Benefits	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Compensation and Benefits	Note 10. Compensation and Benefits Total compensation and benefits consists of the following: For the Years Ended December 31, 2022 2021 2020 Salaries, incentive compensation and benefits (1) $ 458,609 $ 516,931 $ 399,325 Franchise capital award compensation expense 11,769 6,887 — Restricted share-based award compensation expense 40,004 39,236 36,493 Long-term incentive compensation expense 51,773 46,123 36,493 Total compensation and benefits $ 510,382 $ 563,054 $ 435,818 (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 team 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 subsequent quarter with the exception of incentive compensation earned in the fourth quarter, which is also paid in the fourth quarter of the year. Cash incentive compensation paid to most other employees is generally discretionary and 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 equity awards and long-term cash awards, which are referred to as franchise capital awards. These awards are described in more detail below. Equity awards Artisan registered 14,000,000 shares of Class A common stock for issuance under the 2013 Omnibus Incentive Compensation Plan, as amended (the “Plan”), which plan will terminate in the first quarter of 2023. 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. We expect to seek stockholder approval of a new equity incentive plan and the registration of additional shares under such plan at the Company’s 2023 annual meeting of stockholders. 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. 2,967,582 shares of Class A common stock were reserved and available for issuance under the Plan as of December 31, 2022. During the year ended December 31, 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 $37.9 million. The following tables summarize the restricted share-based award activity for the years ended December 31, 2022, 2021 and 2020: Weighted-Average Grant Date Fair Value Restricted Stock Awards and Restricted Stock Units Unvested at January 1, 2020 $ 35.00 5,005,422 Granted 33.80 919,455 Forfeited 30.92 (43,091) Vested 32.59 (588,144) Unvested at January 1, 2021 $ 35.09 5,293,642 Granted 52.93 741,555 Forfeited 29.99 (101,001) Vested 31.51 (688,802) Unvested at January 1, 2022 $ 38.18 5,245,394 Granted 41.86 788,703 Forfeited 40.11 (18,671) Vested 34.85 (619,083) Unvested at December 31, 2022 $ 39.09 5,396,343 Weighted-Average Grant Date Fair Value Performance Share Units Unvested at January 1, 2020 $ — — Granted 52.45 60,000 Forfeited — — Vested — — Unvested at January 1, 2021 $ 52.45 60,000 Granted 68.58 75,230 Forfeited — — Vested — — Unvested at January 1, 2022 $ 61.42 135,230 Granted 53.50 95,940 Forfeited — — Vested — — Unvested at December 31, 2022 $ 58.13 231,170 Based on the current status of the market and performance conditions, the 231,170 unvested performance share units would ultimately result in the issuance of 261,173 shares of Class A common stock if all other vesting conditions were met. The aggregate vesting date fair value of awards that vested during the years ended December 31, 2022, 2021 and 2020 was approximately $24.4 million , $35.8 million, and $21.0 million, respectively. The unrecognized compensation expense for the unvested restricted stock awards and restricted stock units as of December 31, 2022 was $73.0 million with a weighted average recognition period of 3.3 years remaining. The unrecognized compensation expense for the unvested performance share units as of December 31, 2022 was $6.6 million with a weighted average recognition period of 2.5 years remaining. During the years ended December 31, 2022 and 2021, the Company withheld a total of 198,774 and 177,960 restricted shares, respectively, and paid $7.9 million and $9.2 million, respectively, 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. Franchise capital awards During the years ended December 31, 2022 and 2021 , Artisan granted $48.6 million and $35.0 million, respectively, 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 Consolidated Statements of Operations: For the Years Ended December 31, Statement of Operations Section Statement of Operations Line Item 2022 2021 2020 Operating expense (benefit) Compensation and benefits $ (3,391) $ 520 $ — Non-operating income (expense) Other net investment gain (loss) (13,198) 2,717 — The franchise capital award liability was $14.5 million and $6.9 million as of December 31, 2022 and 2021, respectively, and is included in accrued incentive compensation in the consolidated statements of financial condition. The unrecognized compensation expense for the unvested franchise capital awards as of December 31, 2022 was $52.8 million with a weighted average recognition period of 4.0 years remaining.

Income Taxes and Related Paymen

Income Taxes and Related Payments	12 Months Ended
	Dec. 31, 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. Components of the provision for income taxes consist of the following: For the Years Ended December 31, Current: 2022 2021 2020 Federal $ 25,903 $ 53,131 $ 24,116 State and local 6,870 14,990 8,174 Foreign 521 523 515 Total 33,294 68,644 32,805 Deferred: Federal 25,670 32,655 27,110 State and local 4,486 5,727 880 Total 30,156 38,382 27,990 Income tax expense $ 63,450 $ 107,026 $ 60,795 The provision for income taxes differs from the amount of income tax computed by applying the applicable U.S. statutory federal income tax rate to income before provision for income taxes as follows: For the Years Ended December 31, 2022 2021 2020 U.S. federal statutory rate 21.0 % 21.0 % 21.0 % State and local taxes, net of federal tax effect 3.7 3.5 3.1 Excess tax benefits on share-based compensation (1.7) (1.4) (1.1) Rate benefit from the flow through entity (2.8) (4.1) (5.5) Change in state tax rate — — (1.1) Unrecognized tax benefits (0.1) — 0.2 Other 0.2 0.4 (0.1) Effective tax rate 20.3 % 19.4 % 16.5 % The effective tax rate includes a rate benefit attributable to the fact that, for the years ended December 31, 2022 , 2021 and 2020, approximately 17%, 19% and 24%, respectively, of Artisan Partners Holdings’ 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. The effective tax rate was also reduced in the year ended December 31, 2020 due to the remeasurement of existing deferred tax assets resulting from an increase in Artisan's state deferred income tax rates. 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. We expect to amend the TRA agreements in 2023 to replace LIBOR with an appropriate replacement reference rate, which may be SOFR, in connection with the discontinuation of the LIBOR benchmark. 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 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 years ended December 31, 2022 and 2021 is summarized as follows: Deferred Tax Asset - Amortizable Basis Amounts Payable Under Tax Receivable Agreements December 31, 2020 $ 446,954 $ 412,468 2021 Follow-On Offering 16,362 13,908 2021 Holdings Common Unit Exchanges 36,069 30,659 Amortization (39,483) — Payments under TRAs (1) — (31,250) Change in estimate (9) (358) December 31, 2021 $ 459,893 $ 425,427 2022 Holdings Common Unit Exchanges 8,687 7,384 Amortization (42,122) — Payments under TRAs (1) — (33,109) Change in estimate 10 (913) December 31, 2022 $ 426,468 $ 398,789 (1) Interest payments of $0.1 million and less than $0.1 million were paid in addition to these TRA payments for the years ended 2022 and 2021, respectively. Net deferred tax assets comprise the following: Deferred tax assets: As of December 31, 2022 As of December 31, 2021 Amortizable basis (1) $ 426,468 $ 459,893 Other (2) 50,556 38,009 Total deferred tax assets 477,024 497,902 Less: valuation allowance (3) — — Net deferred tax assets $ 477,024 $ 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 Artisan’s investment in Holdings, related primarily to incentive compensation plan deduction timing differences. 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 change in the Company’s gross unrecognized tax benefits for the years ended December 31, 2022, 2021 and 2020 is summarized as follows: For the Years Ended December 31, 2022 2021 2020 Balance at beginning of year $ 1,085 $ 1,085 $ 1,667 Additions for tax positions of prior years 117 — 1,187 Reductions for tax positions of prior years (476) — (613) Tax positions related to the current year 30 — 216 Settlements with taxing authorities (609) — (1,372) Expirations of statute of limitations — — — Balance at end of year $ 147 $ 1,085 $ 1,085 If recognized, $0.1 million and $1.0 million of the benefits (expense) recorded as of December 31, 2022 and 2021, respectively, would favorably (unfavorably) impact the effective tax rate in future periods. The total amount of unrecognized tax benefits is currently 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 uncertain tax positions was less than $0.1 million and $0.2 million as of December 31, 2022 and 2021, respectively, and is excluded from the unrecognized tax benefits total above. The gross unrecognized tax benefit is recorded within accounts payable, accrued expenses, and other in the Company's 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 December 31, 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	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Note 12. Earnings Per Share The computation of basic and diluted earnings per share for the years ended December 31, 2022, 2021 and 2020 were as follows: For the Years Ended December 31, Basic and Diluted Earnings Per Share 2022 2021 2020 Numerator: Net income attributable to APAM $ 206,755 $ 336,516 $ 212,617 Less: Allocation to participating securities 22,801 31,430 23,268 Net income available to common stockholders $ 183,954 $ 305,086 $ 189,349 Denominator: Basic weighted average shares outstanding 62,475,960 59,866,790 55,633,529 Dilutive effect of nonparticipating equity awards 22,549 14,249 4,393 Diluted weighted average shares outstanding 62,498,509 59,881,039 55,637,922 Earnings per share - Basic $ 2.94 $ 5.10 $ 3.40 Earnings per share - Diluted $ 2.94 $ 5.09 $ 3.40 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 Years Ended December 31, Anti-Dilutive Weighted Average Shares Outstanding 2022 2021 2020 Holdings limited partnership units 12,022,633 14,167,538 17,885,335 Unvested restricted share-based awards 5,601,756 5,410,221 5,313,466 Total 17,624,389 19,577,759 23,198,801

Benefit Plans

Benefit Plans	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Benefit Plans	Note 13. Benefit Plans Artisan has a 401(k) plan and similar foreign arrangements for its non-U.S. employees, under which it provides a matching contribution on employees’ pre-tax contributions. Expenses related to Artisan’s benefits plans for the years ended December 31, 2022, 2021 and 2020 were $9.7 million, $8.4 million and $7.8 million, respectively, and are included in compensation and benefits in the Consolidated Statements of Operations. Artisan provides an opportunity for eligible employees to participate in Artisan’s financial growth and success through phantom equity awards, pursuant to the Artisan Partners Holdings LP Phantom Equity Plan. The phantom equity awards provide participants the right to receive cash payments upon vesting based on the trading price of APAM’s Class A common stock. Awards made under the Phantom Equity Plan are liability awards and are subject to vesting on a pro-rata basis over five years. Award recipients must be employed by Artisan on the vesting date in order to receive payment. Expense related to the Phantom Equity Plan for the years ended December 31, 2022, 2021 and 2020 was $0.7 million, $1.6 million and $1.6 million, respectively, and is included in compensation and benefits in the Consolidated Statements of Operations. The liability at December 31, 2022 and 2021 for the plan was $0.8 million and $1.5 million, respectively.

Indemnifications

Indemnifications	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Indemnifications	Note 14. 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.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 15. Property and Equipment The composition of property and equipment at December 31, 2022 and 2021 are as follows: As of December 31, 2022 2021 Computers and equipment $ 6,132 $ 7,210 Computer software 6,740 6,643 Furniture and fixtures 14,785 12,689 Leasehold improvements 66,304 52,623 Total Cost $ 93,961 $ 79,165 Less: Accumulated depreciation (45,857) (43,852) Property and equipment, net of accumulated depreciation $ 48,104 $ 35,313 Depreciation expense totaled $7.7 million , $6.8 million and $6.5 million for the years ended December 31, 2022, 2021 and 2020, respectively.

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Lessee, Operating Leases	Note 16. Leases Operating lease expense was as follows: For the Years Ended December 31, Lease Type Classification 2022 2021 2020 Parking leases Compensation and benefits $ 398 $ 518 $ 520 Office leases (1) Occupancy 18,979 14,463 14,991 Variable lease cost (2) Occupancy 351 110 135 Short-term lease cost (2) Occupancy 710 455 343 Sublease income Occupancy (133) (267) (429) Office equipment leases Communication and technology 134 247 281 Total operating lease expense $ 20,439 $ 15,526 $ 15,841 (1) Office lease expense includes impairment charges of $1.4 million and $0.9 million for the years ended December 31, 2022 and 2020, respectively, related to the abandonment of leased office space. (2) Variable and short-term lease costs are excluded from the measurement of operating lease liabilities. During the year ended December 31, 2022, the Company recognized asset impairment loss of $1.4 million related to the abandonment of a leased office location. The loss is recorded in occupancy expense based on the present value of expected future cash flows. The table below presents the maturity of operating lease liabilities: As of December 31, 2022 2023 $ 18,698 2024 18,619 2025 18,524 2026 17,783 2027 16,540 Thereafter 53,592 Total undiscounted lease payments 143,756 Adjustment to discount to present value (22,909) Operating lease liabilities $ 120,847 As of December 31, 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 Years Ended December 31, 2022 2021 2020 Weighted average discount rate 4.1 % 4.4 % 4.6 % Weighted average remaining lease term 9.0 years 8.3 years 7.4 years Operating cash flows for operating leases 16,393 16,821 16,546

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Note 17. Related Party Transactions Several of the current executive officers and directors of APAM, or entities associated with those individuals, are or were limited partners of Holdings. As a result, certain transactions (such as TRA payments) between Artisan and these persons are considered to be related party transactions. Holdings makes estimated state tax payments on behalf of certain limited partners, including related parties. These payments are then netted from subsequent distributions to the limited partners. At December 31, 2022 and 2021, accounts receivables included $6.5 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 1.45%) 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. Expense waivers and reimbursements are reflected as a reduction of Management fees within the Consolidated Statements of Operations. 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 Years Ended December 31, Artisan Funds 2022 2021 2020 Investment advisory fees (Gross of expense reimbursements) $ 575,286 $ 713,595 $ 504,204 Elimination of fees from consolidated investment products (1) $ (217) $ (8) $ — Consolidated investment advisory fees (Gross of expense reimbursements) $ 575,069 $ 713,587 $ 504,204 Expense reimbursements $ 1,515 $ 676 $ 562 Elimination of expense reimbursements from consolidated investment products (1) $ (370) $ (41) $ — Consolidated expense reimbursements $ 1,145 $ 635 $ 562 (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 Years Ended December 31, Artisan Global Funds 2022 2021 2020 Investment advisory fees (Gross of expense reimbursements) $ 43,326 $ 48,622 $ 33,786 Elimination of fees from consolidated investment products (1) (164) (75) (58) Consolidated investment advisory fees (Gross of expense reimbursements) $ 43,162 $ 48,547 $ 33,728 Expense reimbursements $ 424 $ 489 $ 515 Elimination of expense reimbursements from consolidated investment products (1) (390) (440) (333) Consolidated expense reimbursements $ 34 $ 49 $ 182 (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 certain 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, for certain of those investments, 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 Years Ended December 31, Artisan Private Funds 2022 2021 2020 Investment advisory fees (Gross of expense reimbursements) $ 15,025 $ 14,519 $ 7,570 Elimination of fees from consolidated investment products (1) (583) (1,246) (1,084) Consolidated investment advisory fees (Gross of expense reimbursements) $ 14,442 $ 13,273 $ 6,486 Expense reimbursements $ 286 $ 281 $ 405 Elimination of expense reimbursements from consolidated investment products (1) (132) (154) (258) Consolidated expense reimbursements $ 154 $ 127 $ 147 (1) Investment advisory fees and expense reimbursements related to consolidated investment products are eliminated from revenue upon consolidation.

Concentration of Credit Risk an

Concentration of Credit Risk and Significant Relationships	12 Months Ended
	Dec. 31, 2022
Risks and Uncertainties [Abstract]
Segment Reporting Disclosure	Note 18. Geographic Information Artisan generates a portion of its revenues from clients domiciled in various countries outside the United States. Revenues by geographic location based on client domicile for the years ended December 31, 2022, 2021 and 2020 were as follows: For the Years Ended December 31, 2022 2021 2020 U.S. $ 812,390 $ 1,021,595 $ 748,327 Non-U.S. 180,895 205,641 151,240 Total revenues $ 993,285 $ 1,227,236 $ 899,567 The following table sets forth Artisan’s long-lived assets by geographic area, which consist of net property and equipment and operating lease assets: As of December 31, 2022 2021 U.S. $ 146,816 $ 118,558 Non-U.S. 2,698 5,397 Total long-lived assets $ 149,514 $ 123,955

Litigation Matters

Litigation Matters	12 Months Ended
	Dec. 31, 2022
Litigation Matters [Abstract]
Litigation Matters	Note 19. Litigation Matters In the normal course of business, Artisan may be subject to various legal and administrative proceedings. Currently, there are no legal or administrative proceedings that management believes may have a material effect on Artisan’s consolidated financial position, cash flows or results of operations.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 20. Subsequent Events Long-term incentive awards During the first quarter of 2023, the board of directors of APAM approved the grant of long-term incentive awards with a grant date fair value of $57.1 million consisting of $18.1 million of restricted share-based awards and $39.0 million of franchise capital awards, to certain employees pursuant to the Company’s 2013 Omnibus Incentive Compensation Plan, as amended. The grant will be effective March 1, 2023. Compensation expense associated with these awards will be recognized on a straight-line basis over the requisite service period, which is generally three or five years. Expense for the franchise capital (cash based) awards will be variable based on the investment returns of the investment strategy to which the awards are allocated. Distributions and dividends APAM, acting as the general partner of Artisan Partners Holdings, declared, effective January 31, 2023, a distribution by Artisan Partners Holdings of $23.0 million to holders of Artisan Partners Holdings partnership units, including APAM. The board of directors of APAM declared, effective January 31, 2023, a quarterly dividend of $0.55 per share of Class A common stock and a special annual dividend of $0.35 per share of Class A common stock. Both APAM common stock dividends, a total of $0.90 per share, are payable on February 28, 2023 to stockholders of record as of February 14, 2023.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying consolidated financial statements were prepared in accordance with U.S. generally accepted accounting principles (“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.
Operating segments	Operating segments Artisan operates in one segment, the investment management industry. Artisan provides investment management services to separate accounts and pooled investment vehicles. Management assesses the financial performance of these vehicles on a combined basis.
Cash and cash equivalents	Cash and cash equivalentsArtisan defines cash and cash equivalents as money market funds and other highly liquid investments with original maturities of 90 days or less. Cash and cash equivalents are stated at cost, which approximates fair value due to the short-term nature and liquidity of these financial instruments. For disclosure purposes, cash equivalents are categorized as Level 1 in the fair value hierarchy. Cash and cash equivalents are subject to credit risk and were primarily maintained in demand deposit accounts with financial institutions or treasury money market funds. Interest and dividends related to cash and cash equivalents is recorded in other investment gain (loss) in the Consolidated Statements of Operations.
Foreign currency translation	Foreign currency translation Assets and liabilities of foreign operations whose functional currency is not the U.S. dollar are translated at prevailing year-end exchange rates. Revenue and expenses of such foreign operations are translated at average exchange rates during the year. The net effect of the translation adjustment for foreign operations is included in other comprehensive income (loss) in the Consolidated Statements of Comprehensive Income. The cumulative effect of translation adjustments is included in accumulated other comprehensive income (loss) and noncontrolling interests - Artisan Partners Holdings in the Consolidated Statements of Financial Condition, based on period-end ownership levels.
Accounts receivable	Accounts receivable Accounts receivable are carried at invoiced amounts and consist primarily of investment advisory fees that have been earned, but not yet received from clients. Due to the short-term nature of the receivables, the carrying values of these assets approximate fair value. The accounts receivable balance does not include any allowance for doubtful accounts as Artisan believes all accounts receivable balances are fully collectible. There has not been any bad debt expense recorded for the years ended December 31, 2022, 2021 and 2020.
Investment securities	Investment securities Investment securities consist of nonconsolidated investments in shares of Artisan Funds, Artisan Global Funds, and Artisan Private Funds. Investments provide exposure to various risks, including price risk (the risk of a potential future decline in value of the investment) and foreign currency risk. Investments are carried at fair value based on net asset values as of the valuation date.
Property and equipment	Property and equipment Property and equipment are carried at cost, less accumulated depreciation. Depreciation is generally recognized on a straight-line basis over the estimated useful lives of the respective assets or the remaining lease term, whichever is shorter. The estimated useful lives of property and equipment as of December 31, 2022 are as follows: Property and Equipment Type Useful Life Computers and equipment Three Computer software Three Furniture and fixtures Seven years Leasehold improvements Two Implementation costs incurred to develop or obtain internal-use software, including hosting arrangements, are capitalized and expensed on a straight-line basis over either the estimated useful life of the respective software or the term of the hosting arrangement. Property and equipment is tested for impairment when there is an indication that the carrying amount of an asset may not be recoverable. When an asset is determined to not be recoverable, the impairment loss is measured based on the excess, if any, of the carrying value of the asset over its fair value.
Restricted cash	Restricted cash Restricted cash represents cash that is restricted as collateral on a standby letter of credit related to a lease obligation.
Cash and cash equivalents of consolidated investment products	Cash and cash equivalents of consolidated investment productsCash and cash equivalents of consolidated investment products consist of highly liquid investments, including money market funds. See Note 6, “Variable Interest Entities and Consolidated Investment Products” for additional details.
Investment assets and liabilities of consolidated investment products	Investment assets and liabilities of consolidated investment productsInvestment assets and liabilities of consolidated investment products primarily consist of equity securities, fixed income securities, short term investments, and derivatives. The carrying value of the investment assets and liabilities is also their fair value. Changes in the fair value of the investments are recognized as gains and losses in earnings. Equity securities are generally valued based upon closing market prices of the security on the principal exchange on which the security is traded. Fixed income securities include corporate bonds, convertible bonds and bank loans. Fixed income securities are generally valued based on prices provided by independent pricing vendors. Short term investments are comprised of repurchase agreements and U.S Treasury obligations. Repurchase agreements are valued at cost plus accrued interest and U.S treasury obligations are valued using the same principles as fixed income securities. Derivative assets and liabilities are generally comprised of put and call options on securities or indices and open forward foreign currency contracts. Put and call options are valued at the mid price (average of the bid price and ask price) as provided by the pricing vendor at the close of trading on the contract’s principal exchange. Open forward foreign currency contracts are valued using the market spot rate. See Note 6, “Variable Interest Entities and Consolidated Investment Products” for additional details.
Redeemable noncontrolling interests	Redeemable noncontrolling interests Redeemable noncontrolling interests represent third-party investors’ ownership interest in consolidated investment products. Third-party investors in consolidated investment products generally have the right to withdraw their capital, subject to certain conditions. Noncontrolling interests of consolidated investment products that are currently redeemable or convertible for cash or other assets at the option of the holder are classified as temporary equity.
Revenue recognition	Revenue recognition Artisan’s investment advisory revenue is derived from contracts with customers in the form of investment management fees and performance fees. Investment Management Fees Investment management fees are generally computed as a percentage of assets under management and are recognized as revenue at the end of each distinct service period. Management fees for providing investment advisory services are computed and billed in accordance with the underlying investment management agreements, which is generally on a monthly or quarterly basis. Investment management fees are presented net of cash rebates and expense reimbursements pursuant to contractual expense limitations of certain funds. Performance Fees A number of investment management agreements provide for performance-based fees or incentive allocations, collectively “performance fees”. Performance fees, if earned, are recognized upon completion of each contractually determined measurement period, which is generally quarterly or annually. Performance fees are not subject to claw back as a result of performance declines subsequent to the most recent measurement date. Revenue Recognition Artisan accounts for asset management services as a single performance obligation that is satisfied over time, using a time-based measure of progress to recognize revenue. Customer consideration is variable due to the uncertainty of the value of assets under management during each distinct service period. At the end of each period, Artisan records revenue for the actual amount of investment management fees earned for that period because the uncertainty has been resolved. Performance fees are subject to the uncertainty of market volatility, and as a result, the entire amount of the variable consideration related to performance fees is constrained until the end of each measurement period. At the end of the measurement period, revenue is recorded for the actual amount of performance fees earned during that period because the uncertainty has been resolved. For performance fees with annual measurement periods, revenue recognized in the current period could relate to performance obligations that were partially satisfied in prior periods. Customer Rebates and Expense Reimbursements Artisan has contractually agreed to reimburse for expenses incurred to the extent necessary to limit annualized ordinary operating expenses incurred by certain funds to not more than a fixed percentage of the funds’ average daily net assets. Artisan may also contractually agree to pay fee rebates to certain investors in Artisan Global Funds. Artisan accounts for all reimbursements and rebates as a reduction of the transaction price (and, hence, of revenue) because the billing adjustments and payments represent consideration payable to customers and Artisan does not receive any distinct goods or services from the customers in exchange.
Unit and share-based compensation	Share-based compensation Share-based 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 share-based awards. The Company’s accounting policy is to record the impact of forfeitures when they occur.
Distribution fees	Distribution, servicing and marketing Artisan Funds has authorized certain financial services companies, broker-dealers, banks or other intermediaries, and in some cases other organizations designated by an authorized intermediary, to accept purchase, exchange, and redemption orders for shares of Artisan Funds on the funds’ behalf. Many intermediaries charge a fee for accounting and shareholder services provided to fund shareholders on the funds’ behalf. Those services typically include recordkeeping, transaction processing for shareholders’ accounts, and other services. Fees are either based on the number of accounts to which the intermediary provides such services or a percentage of the average daily value of fund shares held in such accounts. The funds pay a portion of such fees directly to the intermediaries, which are intended to compensate the intermediary for its provision of services of the type that would be provided by the funds’ transfer agent or other service providers if the shares were registered directly on the books of the funds’ transfer agent. Artisan pays the balance of those fees which includes compensation to the intermediary for its distribution, servicing and marketing of Artisan Funds shares. Artisan Global Funds also have arrangements pursuant to which Artisan is required to pay a portion of its investment management fee for distribution, servicing and marketing of Artisan Global Funds shares. Distribution, servicing and marketing fees paid by Artisan are presented as an operating expense because Artisan is the principal in its role as the primary obligor related to these services. Expenses incurred were as follows: For the Years Ended December 31, 2022 2021 2020 Expenses incurred with respect to Artisan Funds $ 20,708 $ 28,640 $ 21,320 Expenses incurred with respect to Global Funds 903 899 595 Other marketing expenses 3,001 2,180 2,397 Total distribution, servicing and marketing $ 24,612 $ 31,719 $ 24,312 Accrued fees to intermediaries were $3.8 million and $5.3 million as of December 31, 2022 and 2021, respectively, and are included in accounts payable, accrued expenses and other in the Consolidated Statements of Financial Condition.
Leases	Leases Artisan has lease commitments for office space, parking structures, and equipment, which are all accounted for as operating leases. Artisan records expense for operating leases on a straight-line basis over the lease term. Any lease incentives received by Artisan are also amortized on a straight-line basis over the lease term. Artisan assesses its contractual arrangements for the existence of a lease at inception. Operating leases with an initial term greater than 12 months are recorded as operating lease assets and operating lease liabilities in the Consolidated Statements of Financial Condition. Lease components (e.g. fixed rental payments) and non-lease components (e.g. fixed common-area maintenance costs) are generally accounted for as a single component. Operating lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. Operating lease assets are recognized at the lease commencement date based on the present value of lease payments over the lease term, adjusted for prepaid rent and the remaining balance of lease incentives received. Artisan's lease agreements generally do not provide an implicit interest rate, and therefore the present value calculation uses Artisan's estimated incremental borrowing rate. A market-based approach is used to estimate the incremental borrowing rate for each individual lease using observable market interest rates and Artisan specific inputs. The lease terms include periods covered by options to extend or exclude periods covered by options to terminate the lease when it is reasonably certain that Artisan will exercise that option.
Loss contingencies	Loss contingencies Artisan considers the assessment of loss contingencies as a significant accounting policy because of the significant uncertainty relating to the outcome of any potential legal actions and other claims and the difficulty of predicting the likelihood and range of the potential liability involved, coupled with the material impact on Artisan’s results of operations that could result from legal actions or other claims and assessments. Artisan recognizes estimated costs to defend as incurred. Potential loss contingencies are reviewed at least quarterly and are adjusted to reflect the impact and status of settlements, rulings, advice of counsel and other information pertinent to a particular matter. Significant differences could exist between the actual cost required to investigate, litigate and/or settle a claim or the ultimate outcome of a suit and management’s estimate. These differences could have a material impact on Artisan’s results of operations, financial position, or cash flows. Recoveries of losses are recognized in the Consolidated Statements of Operations when receipt is deemed probable. No loss contingencies were recorded at December 31, 2022, 2021 and 2020. Currently, there are no legal or administrative proceedings that management believes may have a material effect on Artisan’s consolidated financial position, cash flows or results of operations.
Income taxes	Income taxes Artisan accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the future tax consequences attributable to temporary differences between the financial statement carrying amounts and tax bases of assets and liabilities. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be realized or settled. Artisan recognizes a valuation allowance if it is more likely than not that some portion or all of the deferred tax assets will not be realized. Artisan accounts for uncertain income tax positions by recognizing the impact of a tax position in its consolidated financial statements when Artisan believes it is more likely than not that the tax position would not be sustained upon examination by the appropriate tax authorities based on the technical merits of the position.
Comprehensive income (loss)	Comprehensive income (loss) Total comprehensive income (loss) includes net income and other comprehensive income. Other comprehensive income (loss) consists of foreign currency translation.
Partnership distributions	Partnership distributions Artisan makes distributions to its partners for purposes of paying income taxes as required under the terms of Artisan Partners Holdings’ partnership agreement. Tax distributions are calculated utilizing the highest combined individual federal, state and local income tax rate among the various locations in which the partners, as a result of owning their interests in the partnership, are subject to tax, assuming maximum applicability of the phase-out of itemized deductions contained in the Internal Revenue Code that apply to any specific tax year. Artisan also makes additional distributions under the terms of the partnership agreement. Distributions are recorded in the financial statements on the declaration date.
Earnings per share	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.
Recent accounting pronouncements	Recent accounting pronouncements None.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Distribution And Marketing Fees	Expenses incurred were as follows: For the Years Ended December 31, 2022 2021 2020 Expenses incurred with respect to Artisan Funds $ 20,708 $ 28,640 $ 21,320 Expenses incurred with respect to Global Funds 903 899 595 Other marketing expenses 3,001 2,180 2,397 Total distribution, servicing and marketing $ 24,612 $ 31,719 $ 24,312

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Marketable 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 December 31, 2022 As of December 31, 2021 Investments in equity securities $ 76,156 $ 37,179 Investments in equity securities accounted for under the equity method 9,259 10,699 Total investment securities $ 85,415 $ 47,878
Gain (Loss) on Securities		Artisan’s investments in equity securities consist of investments in Artisan Funds, Artisan Global Funds and Artisan Private Funds. As of December 31, 2022, $63.3 million of Artisan’s investment securities were related to the economic hedge of franchise capital awards. Unrealized gain (loss) related to investment securities held at the end of the periods indicated below were as follows: As of December 31, 2022 As of December 31, 2021 As of December 31, 2020 Unrealized gain (loss) on investment securities held at the end of the period $ (14,799) $ 1,602 $ 716 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 Years Ended December 31, 2022 2021 2020 Net investment gain (loss) on seed investments $ (3,407) $ (401) $ 160 Net investment gain (loss) on franchise capital investments $ (13,198) $ 2,716 $ — Other $ 332 $ (559) $ 145 Other net investment gain (loss) $ (16,273) $ 1,756 $ 305

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2022 and 2021: Assets and Liabilities at Fair Value Total NAV Practical Expedient (No Fair Value Level) Level 1 Level 2 Level 3 December 31, 2022 Assets Money market funds $ 3,297 $ — $ 3,297 $ — $ — Equity securities 85,415 8,835 76,580 — — December 31, 2021 Assets Money market funds $ 37,861 $ — $ 37,861 $ — $ — Equity securities 47,878 9,975 37,903 — —

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of borrowings	Artisan’s borrowings consist of the following as of December 31, 2022 and 2021: Maturity (1) Outstanding Balance at December 31, 2022 Outstanding Balance at 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 Unamortized debt issuance costs $ (950) $ (556) Total borrowings $ 199,050 $ 199,444 (1) The Company is not required to make principal payments on any of the outstanding obligations prior to contractual maturity.

Variable Interest Entities an_2

Variable Interest Entities and Consolidated Investment Products (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring	The following tables present the fair value hierarchy levels of assets and liabilities held by CIPs measured at fair value as of December 31, 2022 and 2021: Assets and Liabilities at Fair Value Total Level 1 Level 2 Level 3 December 31, 2022 Assets Money market funds $ 25,140 $ 25,140 $ — $ — Equity securities - long position 32,388 30,179 2,209 — Fixed income instruments - long position 216,638 — 212,368 4,270 Derivative assets 951 74 877 — Short term investments 5,766 — 5,766 — Liabilities Equity securities - short position $ 256 $ 256 $ — $ — Fixed income instruments - short position 17,273 — 17,273 — Derivative liabilities 3,222 2,462 760 — 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 —

Noncontrolling Interest - Hol_2

Noncontrolling Interest - Holdings (Tables)	12 Months Ended
	Dec. 31, 2022
Noncontrolling Interest [Abstract]
Result of Increased Equity Ownership Interest in Holdings	For the years ended December 31, 2022, 2021 and 2020, APAM’s equity ownership interest in Holdings has increased as a result of the following transactions: Holdings GP Units Limited Partnership Units Total APAM Ownership % Balance at January 1, 2020 56,429,825 21,372,029 77,801,854 73 % Issuance of APAM Restricted Shares, Net (1) 789,114 — 789,114 — % Delivery of Shares Underlying RSUs (1) 24,233 — 24,233 — % 2020 Follow-On Offering 1,802,326 (1,802,326) — 2 % Holdings Common Unit Exchanges 4,128,600 (4,128,600) — 5 % Forfeitures from Employee Terminations (1) (43,091) — (43,091) — % Balance at December 31, 2020 63,131,007 15,441,103 78,572,110 80 % Issuance of APAM Restricted Shares, Net 562,289 — 562,289 1 % Delivery of Shares Underlying RSUs (1) 1,074 — 1,074 — % 2021 Follow-On Offering 963,614 (963,614) — 1 % Holdings Common Unit Exchanges 2,142,292 (2,142,292) — 2 % Forfeitures from Employee Terminations (1) (100,404) — (100,404) — % Balance at December 31, 2021 66,699,872 12,335,197 79,035,069 84 % Issuance of APAM Restricted Shares, Net (1) 588,598 — 588,598 — % Delivery of Shares Underlying RSUs (1) 1,060 — 1,060 — % Holdings Common Unit Exchanges 711,166 (711,166) — 1 % Forfeitures from Employee Terminations (1) (18,671) — (18,671) — % Balance at December 31, 2022 67,982,025 11,624,031 79,606,056 85 % (1) The impact of the transaction on APAM’s ownership percentage was less than 1%.
Impact of the Reallocation of Equity	The reallocation of equity had the following impact on the Consolidated Statements of Financial Condition: Statements of Financial Condition For the Years Ended December 31, 2022 2021 Additional paid-in capital $ (1,087) $ (563) Noncontrolling interests - Artisan Partners Holdings 1,120 611 Accumulated other comprehensive income (loss) (33) (48) Net impact to financial condition $ — $ —

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Authorized and outstanding equity	APAM had the following authorized and outstanding equity as of December 31, 2022 and 2021, respectively: Outstanding Common shares Authorized December 31, 2022 December 31, 2021 Voting Rights (1) Economic Rights Class A, par value $0.01 per share 500,000,000 67,982,025 66,699,872 1 vote per share Proportionate Class B, par value $0.01 per share 200,000,000 2,583,884 3,206,580 1 vote per share None Class C, par value $0.01 per share 400,000,000 9,040,147 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 December 31, 2022, Artisan’s employees held 5,286,542 restricted shares of Class A common stock and all 2,583,884 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 years ended December 31, 2022, 2021 and 2020: For the Years Ended December 31, Type of Dividend Class of Stock 2022 2021 2020 Quarterly Common Class A $ 2.95 $ 3.92 $ 2.79 Special Annual Common Class A $ 0.72 $ 0.31 $ 0.60
Schedule of Stock by Class	The following table summarizes APAM’s stock transactions for the years ended December 31, 2022, 2021 and 2020: Total Stock Outstanding Class A Common Stock (1) Class B Common Stock Class C Common Stock Balance at January 1, 2020 77,801,854 56,429,825 7,803,364 13,568,665 2020 Follow-On Offering — 1,802,326 (1,777,326) (25,000) Holdings Common Unit Exchanges — 4,128,600 (1,535,275) (2,593,325) Delivery of Shares Underlying RSUs 24,233 24,233 — — Restricted Share Award Grants 916,085 916,085 — — Restricted Share Award Net Share Settlement (126,971) (126,971) — — Employee/Partner Terminations (43,091) (43,091) (32,805) 32,805 Balance at December 31, 2020 78,572,110 63,131,007 4,457,958 10,983,145 2021 Follow-On Offering — 963,614 (638,614) (325,000) Holdings Common Unit Exchanges — 2,142,292 (612,764) (1,529,528) Delivery of Shares Underlying RSUs 1,074 1,074 — — Restricted Share Award Grants 740,249 740,249 — — Restricted Share Award Net Share Settlement (177,960) (177,960) — — Employee/Partner Terminations (100,404) (100,404) — — Balance at December 31, 2021 79,035,069 66,699,872 3,206,580 9,128,617 Holdings Common Unit Exchanges — 711,166 (622,696) (88,470) Delivery of Shares Underlying RSUs 1,060 1,060 — — Restricted Share Award Grants 787,372 787,372 — — Restricted Share Award Net Share Settlement (198,774) (198,774) — — Employee/Partner Terminations (18,671) (18,671) — — Balance at December 31, 2022 79,606,056 67,982,025 2,583,884 9,040,147 (1) There were 367,392, 327,713, and 304,570 restricted stock units outstanding at December 31, 2022, 2021, and 2020, respectively. In addition, there were 231,170 and 135,230 performance share units outstanding at December 31, 2022 and 2021, respectively. Based on the current status of the market and performance conditions, the 231,170 unvested performance share units would ultimately result in the issuance of 261,173 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.
Distributions	Holdings’ partnership distributions for the years ended December 31, 2022, 2021 and 2020 were as follows: For the Years Ended December 31, 2022 2021 2020 Holdings Partnership Distributions to Limited Partners $ 57,199 $ 93,189 $ 85,805 Holdings Partnership Distributions to APAM 299,040 400,191 270,044 Total Holdings Partnership Distributions $ 356,239 $ 493,380 $ 355,849

Revenue from Contract with Cu_2

Revenue from Contract with Customer (Tables)	12 Months Ended
	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue [Table Text Block]	The following table presents a disaggregation of investment advisory revenue by type and vehicle for the years ended December 31, 2022, 2021 and 2020: For the Years Ended December 31, 2022 2021 2020 Management fees Artisan Funds $ 573,924 $ 712,952 $ 503,642 Artisan Global Funds 43,128 48,498 33,531 Separate accounts and other (1) 375,676 452,474 347,729 Performance fees Separate accounts and other (1) 557 13,312 14,650 Artisan Global Funds — — 15 Total revenues (2) $ 993,285 $ 1,227,236 $ 899,567 (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 17, “Related Party Transactions”.
Contract with Customer, Asset and Liability [Table Text Block]	The following table presents the balances of receivables related to contracts with customers: Customer December 31, December 31, Artisan Funds $ 5,597 $ 5,874 Artisan Global Funds 4,453 5,433 Separate accounts and other 74,936 98,568 Total receivables from contracts with customers $ 84,986 $ 109,875 Non-customer receivables 13,648 5,975 Accounts receivable $ 98,634 $ 115,850

Compensation and Benefits (Tabl

Compensation and Benefits (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Components of Compensation Expense	Total compensation and benefits consists of the following: For the Years Ended December 31, 2022 2021 2020 Salaries, incentive compensation and benefits (1) $ 458,609 $ 516,931 $ 399,325 Franchise capital award compensation expense 11,769 6,887 — Restricted share-based award compensation expense 40,004 39,236 36,493 Long-term incentive compensation expense 51,773 46,123 36,493 Total compensation and benefits $ 510,382 $ 563,054 $ 435,818 (1) Excluding long-term incentive compensation expense.
Restricted Share Activity	The following tables summarize the restricted share-based award activity for the years ended December 31, 2022, 2021 and 2020: Weighted-Average Grant Date Fair Value Restricted Stock Awards and Restricted Stock Units Unvested at January 1, 2020 $ 35.00 5,005,422 Granted 33.80 919,455 Forfeited 30.92 (43,091) Vested 32.59 (588,144) Unvested at January 1, 2021 $ 35.09 5,293,642 Granted 52.93 741,555 Forfeited 29.99 (101,001) Vested 31.51 (688,802) Unvested at January 1, 2022 $ 38.18 5,245,394 Granted 41.86 788,703 Forfeited 40.11 (18,671) Vested 34.85 (619,083) Unvested at December 31, 2022 $ 39.09 5,396,343 Weighted-Average Grant Date Fair Value Performance Share Units Unvested at January 1, 2020 $ — — Granted 52.45 60,000 Forfeited — — Vested — — Unvested at January 1, 2021 $ 52.45 60,000 Granted 68.58 75,230 Forfeited — — Vested — — Unvested at January 1, 2022 $ 61.42 135,230 Granted 53.50 95,940 Forfeited — — Vested — — Unvested at December 31, 2022 $ 58.13 231,170
Schedule Of Impact Of Change In Fair Value Of Franchise Awards	The change in value of the investments had the following impact on the Consolidated Statements of Operations: For the Years Ended December 31, Statement of Operations Section Statement of Operations Line Item 2022 2021 2020 Operating expense (benefit) Compensation and benefits $ (3,391) $ 520 $ — Non-operating income (expense) Other net investment gain (loss) (13,198) 2,717 —

Income Taxes and Related Paym_2

Income Taxes and Related Payments (Tables)	12 Months Ended
	Dec. 31, 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 Years Ended December 31, Current: 2022 2021 2020 Federal $ 25,903 $ 53,131 $ 24,116 State and local 6,870 14,990 8,174 Foreign 521 523 515 Total 33,294 68,644 32,805 Deferred: Federal 25,670 32,655 27,110 State and local 4,486 5,727 880 Total 30,156 38,382 27,990 Income tax expense $ 63,450 $ 107,026 $ 60,795
Reconciliation of effective tax rate	The provision for income taxes differs from the amount of income tax computed by applying the applicable U.S. statutory federal income tax rate to income before provision for income taxes as follows: For the Years Ended December 31, 2022 2021 2020 U.S. federal statutory rate 21.0 % 21.0 % 21.0 % State and local taxes, net of federal tax effect 3.7 3.5 3.1 Excess tax benefits on share-based compensation (1.7) (1.4) (1.1) Rate benefit from the flow through entity (2.8) (4.1) (5.5) Change in state tax rate — — (1.1) Unrecognized tax benefits (0.1) — 0.2 Other 0.2 0.4 (0.1) Effective tax rate 20.3 % 19.4 % 16.5 %
Schedule of DTA and TRA Payable	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 years ended December 31, 2022 and 2021 is summarized as follows: Deferred Tax Asset - Amortizable Basis Amounts Payable Under Tax Receivable Agreements December 31, 2020 $ 446,954 $ 412,468 2021 Follow-On Offering 16,362 13,908 2021 Holdings Common Unit Exchanges 36,069 30,659 Amortization (39,483) — Payments under TRAs (1) — (31,250) Change in estimate (9) (358) December 31, 2021 $ 459,893 $ 425,427 2022 Holdings Common Unit Exchanges 8,687 7,384 Amortization (42,122) — Payments under TRAs (1) — (33,109) Change in estimate 10 (913) December 31, 2022 $ 426,468 $ 398,789 (1) Interest payments of $0.1 million and less than $0.1 million were paid in addition to these TRA payments for the years ended 2022 and 2021, respectively.
Components of deferred tax assets	Net deferred tax assets comprise the following: Deferred tax assets: As of December 31, 2022 As of December 31, 2021 Amortizable basis (1) $ 426,468 $ 459,893 Other (2) 50,556 38,009 Total deferred tax assets 477,024 497,902 Less: valuation allowance (3) — — Net deferred tax assets $ 477,024 $ 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 Artisan’s investment in Holdings, related primarily to incentive compensation plan deduction timing differences. 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.
Schedule of Unrecognized Tax Benefits Roll Forward	The change in the Company’s gross unrecognized tax benefits for the years ended December 31, 2022, 2021 and 2020 is summarized as follows: For the Years Ended December 31, 2022 2021 2020 Balance at beginning of year $ 1,085 $ 1,085 $ 1,667 Additions for tax positions of prior years 117 — 1,187 Reductions for tax positions of prior years (476) — (613) Tax positions related to the current year 30 — 216 Settlements with taxing authorities (609) — (1,372) Expirations of statute of limitations — — — Balance at end of year $ 147 $ 1,085 $ 1,085 If recognized, $0.1 million and $1.0 million of the benefits (expense) recorded as of December 31, 2022 and 2021, respectively, would favorably (unfavorably) impact the effective tax rate in future periods. The total amount of unrecognized tax benefits is currently 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 uncertain tax positions was less than $0.1 million and $0.2 million as of December 31, 2022 and 2021, respectively, and is excluded from the unrecognized tax benefits total above. The gross unrecognized tax benefit is recorded within accounts payable, accrued expenses, and other in the Company's Consolidated Statements of Financial Condition.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Computation of basic and diluted net income (loss) per share	The computation of basic and diluted earnings per share for the years ended December 31, 2022, 2021 and 2020 were as follows: For the Years Ended December 31, Basic and Diluted Earnings Per Share 2022 2021 2020 Numerator: Net income attributable to APAM $ 206,755 $ 336,516 $ 212,617 Less: Allocation to participating securities 22,801 31,430 23,268 Net income available to common stockholders $ 183,954 $ 305,086 $ 189,349 Denominator: Basic weighted average shares outstanding 62,475,960 59,866,790 55,633,529 Dilutive effect of nonparticipating equity awards 22,549 14,249 4,393 Diluted weighted average shares outstanding 62,498,509 59,881,039 55,637,922 Earnings per share - Basic $ 2.94 $ 5.10 $ 3.40 Earnings per share - Diluted $ 2.94 $ 5.09 $ 3.40
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 Years Ended December 31, Anti-Dilutive Weighted Average Shares Outstanding 2022 2021 2020 Holdings limited partnership units 12,022,633 14,167,538 17,885,335 Unvested restricted share-based awards 5,601,756 5,410,221 5,313,466 Total 17,624,389 19,577,759 23,198,801

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	The composition of property and equipment at December 31, 2022 and 2021 are as follows: As of December 31, 2022 2021 Computers and equipment $ 6,132 $ 7,210 Computer software 6,740 6,643 Furniture and fixtures 14,785 12,689 Leasehold improvements 66,304 52,623 Total Cost $ 93,961 $ 79,165 Less: Accumulated depreciation (45,857) (43,852) Property and equipment, net of accumulated depreciation $ 48,104 $ 35,313

Lease Commitments (Tables)

Lease Commitments (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Lease, Cost	Operating lease expense was as follows: For the Years Ended December 31, Lease Type Classification 2022 2021 2020 Parking leases Compensation and benefits $ 398 $ 518 $ 520 Office leases (1) Occupancy 18,979 14,463 14,991 Variable lease cost (2) Occupancy 351 110 135 Short-term lease cost (2) Occupancy 710 455 343 Sublease income Occupancy (133) (267) (429) Office equipment leases Communication and technology 134 247 281 Total operating lease expense $ 20,439 $ 15,526 $ 15,841 (1) Office lease expense includes impairment charges of $1.4 million and $0.9 million for the years ended December 31, 2022 and 2020, respectively, related to the abandonment of leased office space. (2) Variable and short-term lease costs are excluded from the measurement of operating lease liabilities.
Lessee, Operating Lease, Liability, Maturity	The table below presents the maturity of operating lease liabilities: As of December 31, 2022 2023 $ 18,698 2024 18,619 2025 18,524 2026 17,783 2027 16,540 Thereafter 53,592 Total undiscounted lease payments 143,756 Adjustment to discount to present value (22,909) Operating lease liabilities $ 120,847
Schedule of Other Information Related to Leases	As of December 31, 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 Years Ended December 31, 2022 2021 2020 Weighted average discount rate 4.1 % 4.4 % 4.6 % Weighted average remaining lease term 9.0 years 8.3 years 7.4 years Operating cash flows for operating leases 16,393 16,821 16,546

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 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 Years Ended December 31, Artisan Funds 2022 2021 2020 Investment advisory fees (Gross of expense reimbursements) $ 575,286 $ 713,595 $ 504,204 Elimination of fees from consolidated investment products (1) $ (217) $ (8) $ — Consolidated investment advisory fees (Gross of expense reimbursements) $ 575,069 $ 713,587 $ 504,204 Expense reimbursements $ 1,515 $ 676 $ 562 Elimination of expense reimbursements from consolidated investment products (1) $ (370) $ (41) $ — Consolidated expense reimbursements $ 1,145 $ 635 $ 562 (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 Years Ended December 31, Artisan Global Funds 2022 2021 2020 Investment advisory fees (Gross of expense reimbursements) $ 43,326 $ 48,622 $ 33,786 Elimination of fees from consolidated investment products (1) (164) (75) (58) Consolidated investment advisory fees (Gross of expense reimbursements) $ 43,162 $ 48,547 $ 33,728 Expense reimbursements $ 424 $ 489 $ 515 Elimination of expense reimbursements from consolidated investment products (1) (390) (440) (333) Consolidated expense reimbursements $ 34 $ 49 $ 182 (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	For the Years Ended December 31, Artisan Private Funds 2022 2021 2020 Investment advisory fees (Gross of expense reimbursements) $ 15,025 $ 14,519 $ 7,570 Elimination of fees from consolidated investment products (1) (583) (1,246) (1,084) Consolidated investment advisory fees (Gross of expense reimbursements) $ 14,442 $ 13,273 $ 6,486 Expense reimbursements $ 286 $ 281 $ 405 Elimination of expense reimbursements from consolidated investment products (1) (132) (154) (258) Consolidated expense reimbursements $ 154 $ 127 $ 147 (1) Investment advisory fees and expense reimbursements related to consolidated investment products are eliminated from revenue upon consolidation.

Concentration of Credit Risk _2

Concentration of Credit Risk and Significant Relationships (Tables)	12 Months Ended
	Dec. 31, 2022
Risks and Uncertainties [Abstract]
Revenue from External Customers by Geographic Areas	Revenues by geographic location based on client domicile for the years ended December 31, 2022, 2021 and 2020 were as follows: For the Years Ended December 31, 2022 2021 2020 U.S. $ 812,390 $ 1,021,595 $ 748,327 Non-U.S. 180,895 205,641 151,240 Total revenues $ 993,285 $ 1,227,236 $ 899,567
Long-lived Assets by Geographic Areas	The following table sets forth Artisan’s long-lived assets by geographic area, which consist of net property and equipment and operating lease assets: As of December 31, 2022 2021 U.S. $ 146,816 $ 118,558 Non-U.S. 2,698 5,397 Total long-lived assets $ 149,514 $ 123,955

Nature of Business and Organi_2

Nature of Business and Organization (Details)	Dec. 31, 2022
Artisan Partners Holdings LP
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
APAM economic interest in Artisan Partners Holdings LP (as a percent)	85%
Artisan Partners Limited Partnership
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
APAM economic interest in Artisan Partners Holdings LP (as a percent)	100%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) vote	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Significant Accounting Policies [Line Items]
Accrued fees to authorized agents | $	$ 3,800,000	$ 5,300,000
Loss Contingency Accrual | $	0
Depreciation expense | $	$ 7,700,000	$ 6,800,000	$ 6,500,000
Artisan Global Funds
Significant Accounting Policies [Line Items]
Number of Consolidated VIEs | vote	5
Artisan Private Funds
Significant Accounting Policies [Line Items]
Number of Consolidated VIEs | vote	2
Artisan Funds
Significant Accounting Policies [Line Items]
Number of Consolidated VIEs | vote	2
Furniture and fixtures
Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	7 years
Minimum | Computers and equipment
Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Minimum | Computer software
Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Minimum | Leasehold improvements
Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	2 years
Maximum | Computers and equipment
Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Maximum | Computer software
Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Maximum | Leasehold improvements
Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	14 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Distribution Fees (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Significant Accounting Policies [Line Items]
Distribution, servicing and marketing	$ 24,612	$ 31,719	$ 24,312
Other marketing expenses	3,001	2,180	2,397
Artisan Funds
Significant Accounting Policies [Line Items]
Distribution, servicing and marketing	20,708	28,640	21,320
Artisan Global Funds
Significant Accounting Policies [Line Items]
Distribution, servicing and marketing	$ 903	$ 899	$ 595

Investment Securities - Summary

Investment Securities - Summary of Investment Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Investments in equity securities	$ 76,156	$ 37,179
Investments in equity securities accounted for under the equity method	9,259	10,699
Investment securities	$ 85,415	$ 47,878

Investment Securities - Schedul

Investment Securities - Schedule of available-for-sale securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Gain (Loss) on Securities [Line Items]
Unrealized gain (loss) on investment securities held at the end of the period	$ (14,799)	$ 1,602	$ 716
Investment securities	85,415	47,878
Seed Investments
Gain (Loss) on Securities [Line Items]
Net investment gain (loss) of consolidated investment products	(3,407)	(401)	160
Long-Term Cash Awards
Gain (Loss) on Securities [Line Items]
Net investment gain (loss) of consolidated investment products	(13,198)	2,716	0
Other Investments
Gain (Loss) on Securities [Line Items]
Net investment gain (loss) of consolidated investment products	332	(559)	145
Consolidated Entity Excluding Variable Interest Entities (VIE)
Gain (Loss) on Securities [Line Items]
Net investment gain (loss) of consolidated investment products	(16,273)	$ 1,756	$ 305
Long-Term Cash Awards
Gain (Loss) on Securities [Line Items]
Investment securities	$ 63,300

Fair Value Measurements - Fair

Fair Value Measurements - Fair value hierarchy of assets and liabilities (Details) - Recurring - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	$ 3,297	$ 37,861
Equity securities	85,415	47,878
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	3,297	37,861
Equity securities	76,580	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
Fair Value Measured at Net Asset Value Per Share [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0	0
Equity securities	$ 8,835	$ 9,975

Borrowings - Components of Borr

Borrowings - Components of Borrowings (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Aug. 16, 2022
Debt Instrument [Line Items]
Interest Expense, Debt	$ 9,300	$ 10,300	$ 10,300
Outstanding Balance	200,000	200,000
Other Deferred Costs, Net	(950)	(556)
Senior notes | Series C
Debt Instrument [Line Items]
Outstanding Balance	$ 0			$ 90,000
Interest Rate Per Annum	5.82%
Senior notes | Series D
Debt Instrument [Line Items]
Outstanding Balance	$ 60,000	60,000
Interest Rate Per Annum	4.29%
Senior notes | Series E Senior Notes
Debt Instrument [Line Items]
Outstanding Balance	$ 50,000	50,000
Interest Rate Per Annum	4.53%
Senior notes | Series F Senior Notes
Debt Instrument [Line Items]
Outstanding Balance	$ 90,000	0
Interest Rate Per Annum	3.10%
Revolving credit agreement
Debt Instrument [Line Items]
Outstanding Balance	$ 0	$ 0

Borrowings - Additional Informa

Borrowings - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Outstanding Balance	$ 200,000	$ 200,000
Interest Expense, Debt	9,300	10,300	$ 10,300
Revolving credit agreement
Debt Instrument [Line Items]
Outstanding Balance	$ 0	0
Commitment fee percentage	0.15%
Debt Issuance Costs, Gross	$ 1,100
Line of Credit Facility, Maximum Borrowing Capacity	$ 100,000
Revolving credit agreement | Minimum
Debt Instrument [Line Items]
Commitment fee percentage	0.15%
Revolving credit agreement | Maximum
Debt Instrument [Line Items]
Commitment fee percentage	0.45%
Revolving credit agreement | Federal funds effective rate
Debt Instrument [Line Items]
Spread on variable rate	0.50%
Revolving credit agreement | Margin based on leverage ratio | Minimum
Debt Instrument [Line Items]
Spread on variable rate	0.25%
Revolving credit agreement | Margin based on leverage ratio | Maximum
Debt Instrument [Line Items]
Spread on variable rate	1.25%
Revolving credit agreement | adjusted Term SOFR plus applicable margin | Minimum
Debt Instrument [Line Items]
Spread on variable rate	1.25%
Revolving credit agreement | adjusted Term SOFR plus applicable margin | Maximum
Debt Instrument [Line Items]
Spread on variable rate	2.25%
Revolving credit agreement | adjusted Term SOFR for a one-month interest period
Debt Instrument [Line Items]
Spread on variable rate	1%
Level 2 | Recurring
Debt Instrument [Line Items]
Borrowings	$ 179,000
Series D | Senior notes
Debt Instrument [Line Items]
Interest Rate Per Annum	4.29%
Outstanding Balance	$ 60,000	60,000
Series F Senior Notes | Senior notes
Debt Instrument [Line Items]
Interest Rate Per Annum	3.10%
Outstanding Balance	$ 90,000	$ 0
Debt Issuance Costs, Gross	$ 600

Variable Interest Entities an_3

Variable Interest Entities and Consolidated Investment Products (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) vote shares	Dec. 31, 2021 USD ($) shares	Dec. 31, 2020 USD ($) shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in equity securities accounted for under the equity method	$ 9,259	$ 10,699
Assets	1,234,608	1,208,047
Liabilities	819,971	801,051
Liabilities and Equity	1,234,608	1,208,047
Net CIP assets included in the table above	260,132	183,730
Net CIP assets not included in the table above	(18,105)	(10,769)
Total Net CIP Assets	242,027	172,961
Less: redeemable noncontrolling interests	135,280	111,035
Artisan's direct equity investment in CIPs	106,747	61,926
Investment securities	85,415	$ 47,878
Amounts Reclassified to Investment Securities	$ 10,000
Shares issued during period (in shares) | shares	1,060	1,074	24,233
Artisan Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of Consolidated VIEs | vote	2
Artisan Global Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of Consolidated VIEs | vote	5
Artisan Private Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of Consolidated VIEs | vote	2
Variable Interest Entity, Primary Beneficiary
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable, accrued expenses, and other	$ 26,358	$ 20,185
Cash and cash equivalents	28,416	10,916	$ 43,834
Accounts receivable and other	4,977	6,408
Investment securities	255,743	195,001
Investment-related Liabilities	20,751	19,179
Variable Interest Entity, Not Primary Beneficiary [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Artisan's direct equity investment in CIPs	9,300
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment-related Liabilities		3,427
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	25,140	7,908
Recurring | Variable Interest Entity, Primary Beneficiary | Equity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	32,388	33,583
Investment-related Liabilities	256
Recurring | Variable Interest Entity, Primary Beneficiary | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	216,638	161,177
Investment-related Liabilities	17,273	15,570
Recurring | Variable Interest Entity, Primary Beneficiary | Derivative
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	951	241
Investment-related Liabilities	3,222	182
Fair Value, Inputs, Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment-related Liabilities		3,427
Fair Value, Inputs, Level 1 | 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	25,140	7,908
Fair Value, Inputs, Level 1 | Recurring | Variable Interest Entity, Primary Beneficiary | Equity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	30,179	31,838
Investment-related Liabilities	256
Fair Value, Inputs, Level 1 | Recurring | Variable Interest Entity, Primary Beneficiary | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	0	0
Investment-related Liabilities	0	0
Fair Value, Inputs, Level 1 | Recurring | Variable Interest Entity, Primary Beneficiary | Derivative
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	74	0
Investment-related Liabilities	2,462	4
Fair Value, Inputs, Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment-related Liabilities		0
Fair Value, Inputs, Level 2 | 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
Fair Value, Inputs, Level 2 | Recurring | Variable Interest Entity, Primary Beneficiary | Equity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	2,209	1,745
Investment-related Liabilities	0
Fair Value, Inputs, Level 2 | Recurring | Variable Interest Entity, Primary Beneficiary | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	212,368	156,240
Investment-related Liabilities	17,273	15,570
Fair Value, Inputs, Level 2 | Recurring | Variable Interest Entity, Primary Beneficiary | Derivative
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	877	241
Investment-related Liabilities	760	178
Fair Value, Inputs, Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment-related Liabilities		0
Fair Value, Inputs, Level 3 | 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
Fair Value, Inputs, Level 3 | Recurring | Variable Interest Entity, Primary Beneficiary | Equity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	0	0
Investment-related Liabilities	0
Fair Value, Inputs, Level 3 | Recurring | Variable Interest Entity, Primary Beneficiary | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	4,270	4,937
Investment-related Liabilities	0	0
Fair Value, Inputs, Level 3 | Recurring | Variable Interest Entity, Primary Beneficiary | Derivative
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	0	0
Investment-related Liabilities	$ 0	$ 0

Noncontrolling Interest - Hol_3

Noncontrolling Interest - Holdings - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Noncontrolling Interest [Line Items]
Shares issued during period (in shares)	1,060	1,074	24,233
Cumulative impact of changes in ownership of Artisan Partners Holdings LP, net of tax	$ 0	$ 0
Deferred Tax Assets | Additional Paid-in Capital
Noncontrolling Interest [Line Items]
Cumulative impact of changes in ownership of Artisan Partners Holdings LP, net of tax	$ (600)	$ (1,800)

Noncontrolling Interest - Hol_4

Noncontrolling Interest - Holdings - Result of Increased Equity Ownership Interest in Holdings (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Noncontrolling Interest [Line Items]
Cumulative impact of changes in ownership	$ 0	$ 0
Stock Issued During Period, Shares, New Issues	(1,060)	(1,074)	(24,233)
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	198,774	177,960	126,971
Artisan Partners Holdings LP
Noncontrolling Interest [Line Items]
APAM economic interest in Artisan Partners Holdings LP (as a percent)	85%
General Partnership Units
Noncontrolling Interest [Line Items]
Capital Units, Outstanding	67,982,025	66,699,872	63,131,007	56,429,825
Shares repurchased and retired during the period (shares)		(100,404)	(43,091)
Stock Issued During Period, Shares, Conversion of Units		(2,142,292)	(4,128,600)
Limited Partnership Units
Noncontrolling Interest [Line Items]
Capital Units, Outstanding	11,624,031	12,335,197	15,441,103	21,372,029
Shares repurchased and retired during the period (shares)	0	0	0
Stock Issued During Period, Shares, Conversion of Units	(711,166)	(2,142,292)	(4,128,600)
Capital Units
Noncontrolling Interest [Line Items]
Units of Partnership Interest, Amount	79,606,056	79,035,069	78,572,110	77,801,854
Shares repurchased and retired during the period (shares)	(18,671)	(100,404)	(43,091)
Stock Issued During Period, Shares, Conversion of Units	0	0	0
Noncontrolling Interest, Increase (Decrease) Ownership Interest, Exchange of Units, Percent	1%	2%	5%
Capital Units | Artisan Partners Holdings LP
Noncontrolling Interest [Line Items]
APAM economic interest in Artisan Partners Holdings LP (as a percent)	85%	84%	80%	73%
Class A Common Stock
Noncontrolling Interest [Line Items]
Stock Issued During Period, Shares, New Issues	(1,060)	(1,074)	(24,233)
Shares repurchased and retired during the period (shares)	(18,671)
Stock Issued During Period, Shares, Conversion of Units	(711,166)
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	198,774	177,960	126,971
Unvested restricted share-based awards
Noncontrolling Interest [Line Items]
Stock Issued During Period, Shares, New Issues	(787,372)	(740,249)	(916,085)
Unvested restricted share-based awards | General Partnership Units
Noncontrolling Interest [Line Items]
Stock Issued During Period, Shares, New Issues	(588,598)	(562,289)	(789,114)
Unvested restricted share-based awards | Limited Partnership Units
Noncontrolling Interest [Line Items]
Stock Issued During Period, Shares, New Issues	0	0	0
Unvested restricted share-based awards | Capital Units
Noncontrolling Interest [Line Items]
Stock Issued During Period, Shares, New Issues	(588,598)	(562,289)	(789,114)
Change in APAM Economic Ownership Interest in Artisan Partners Holdings LP (as a percent)	0%	1%	0%
Unvested restricted share-based awards | Class A Common Stock
Noncontrolling Interest [Line Items]
Stock Issued During Period, Shares, New Issues	(787,372)	(740,249)	(916,085)
Capital Units
Noncontrolling Interest [Line Items]
Change in APAM Economic Ownership Interest in Artisan Partners Holdings LP (as a percent)	0%	0%	0%
Follow On Offering | General Partnership Units
Noncontrolling Interest [Line Items]
Stock Issued During Period, Shares, New Issues		(963,614)	(1,802,326)
Follow On Offering | Limited Partnership Units
Noncontrolling Interest [Line Items]
Shares repurchased and retired during the period (shares)		(963,614)	(1,802,326)
Follow On Offering | Class A Common Stock
Noncontrolling Interest [Line Items]
Stock Issued During Period, Shares, New Issues		(963,614)
Capital Units | Unvested restricted share-based awards
Noncontrolling Interest [Line Items]
Change in APAM Economic Ownership Interest in Artisan Partners Holdings LP (as a percent)	0%	0%	0%
Capital Units | Follow On Offering
Noncontrolling Interest [Line Items]
Stock Issued During Period, Shares, New Issues		0	0
Change in APAM Economic Ownership Interest in Artisan Partners Holdings LP (as a percent)		1%	2%

Noncontrolling Interest - Hol_5

Noncontrolling Interest - Holdings - Impact of the Reallocation of Equity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Cumulative impact of changes in ownership of Artisan Partners Holdings LP	$ 0	$ 0	$ 0
Cumulative impact of changes in ownership	0	0
Additional paid-in capital
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Cumulative impact of changes in ownership of Artisan Partners Holdings LP	(1,087)	(563)	(2,544)
Noncontrolling interests - Artisan Partners Holdings
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Cumulative impact of changes in ownership of Artisan Partners Holdings LP	1,120	611	2,733
Accumulated other comprehensive income (loss)
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Cumulative impact of changes in ownership of Artisan Partners Holdings LP	$ (33)	$ (48)	$ (189)

Stockholders' Equity (Details)

Stockholders' Equity (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) vote $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($) $ / shares shares	Dec. 31, 2019 shares
Class of Stock [Line Items]
Outstanding	79,606,056	79,035,069	78,572,110	77,801,854
Common Class A, dividends paid (in dollars per share) | $ / shares	$ 3.67	$ 4.23	$ 3.39
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number	367,392	327,713	304,570
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		135,230
Artisan Partners Holdings LP
Class of Stock [Line Items]
Holdings Partnership Distributions to Limited Partners | $	$ 57,199	$ 93,189	$ 85,805
General Partners' Capital Account, Period Distribution Amount | $	299,040	400,191	270,044
Total Holdings Partnership Distributions | $	$ 356,239	$ 493,380	$ 355,849
Unvested restricted shares
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	5,396,343	5,245,394	5,293,642	5,005,422
Quarterly cash dividend
Class of Stock [Line Items]
Common Class A, dividends paid (in dollars per share) | $ / shares	$ 2.95	$ 3.92	$ 2.79
Special annual dividend
Class of Stock [Line Items]
Common Class A, dividends paid (in dollars per share) | $ / shares	$ 0.72	$ 0.31	$ 0.60
Class A Common Stock
Class of Stock [Line Items]
Authorized	500,000,000
Outstanding	67,982,025	66,699,872	63,131,007	56,429,825
Common stock votes per share | vote	1
Class B Common Stock
Class of Stock [Line Items]
Authorized	200,000,000
Outstanding	2,583,884	3,206,580	4,457,958	7,803,364
Common stock votes per share | vote	1
Class C Common Stock
Class of Stock [Line Items]
Authorized	400,000,000
Outstanding	9,040,147	9,128,617	10,983,145	13,568,665
Common stock votes per share | vote	1
General Partnership Units [Member] | Unvested restricted shares
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	5,286,542

Stockholders' Equity Share Acti

Stockholders' Equity Share Activity by Class (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues	(1,060)	(1,074)	(24,233)
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	(198,774)	(177,960)	(126,971)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		135,230
Outstanding	79,606,056	79,035,069	78,572,110	77,801,854
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number	367,392	327,713	304,570
Class A Common Stock
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues	(1,060)	(1,074)	(24,233)
Shares repurchased and retired during the period (shares)	(18,671)
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	(198,774)	(177,960)	(126,971)
Outstanding	67,982,025	66,699,872	63,131,007	56,429,825
Class B Common Stock
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues			(1,777,326)
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	0	0	0
Outstanding	2,583,884	3,206,580	4,457,958	7,803,364
Class C Common Stock
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues			(25,000)
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	0	0	0
Outstanding	9,040,147	9,128,617	10,983,145	13,568,665
Common Stock
Class of Stock [Line Items]
Shares repurchased and retired during the period (shares)	(18,671)	(100,404)	(43,091)
Common Stock | Class A Common Stock
Class of Stock [Line Items]
Shares repurchased and retired during the period (shares)		(100,404)	(43,091)
Common Stock | Class B Common Stock
Class of Stock [Line Items]
Shares repurchased and retired during the period (shares)	0	0	(32,805)
Common Stock | Class C Common Stock
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues	0	0	(32,805)
Follow On Offering [Member] | Class A Common Stock
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues		(963,614)
Follow On Offering [Member] | Class B Common Stock
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues		(638,614)
Follow On Offering [Member] | Class C Common Stock
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues		(325,000)
Common Stock | Class A Common Stock
Class of Stock [Line Items]
Shares repurchased and retired during the period (shares)			(4,128,600)
Common Stock | Class B Common Stock
Class of Stock [Line Items]
Shares repurchased and retired during the period (shares)	(622,696)	(612,764)	(1,535,275)
Common Stock | Class C Common Stock
Class of Stock [Line Items]
Shares repurchased and retired during the period (shares)	(88,470)	(1,529,528)	(2,593,325)
Unvested restricted share-based awards
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues	(787,372)	(740,249)	(916,085)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	5,396,343	5,245,394	5,293,642	5,005,422
Granted in Period, Number of Shares	788,703	741,555	919,455
Unvested restricted share-based awards | Class A Common Stock
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues	(787,372)	(740,249)	(916,085)
Unvested restricted share-based awards | Class B Common Stock
Class of Stock [Line Items]
Shares repurchased and retired during the period (shares)	0	0	0
Unvested restricted share-based awards | Class C Common Stock
Class of Stock [Line Items]
Shares repurchased and retired during the period (shares)	0	0	0
Performance Shares
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	231,170	135,230	60,000	0
Granted in Period, Number of Shares	95,940	75,230	60,000
Performance Shares | Pro Forma
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	261,173

Revenue from Contract with Cu_3

Revenue from Contract with Customer (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Contract with Customer, Asset, after Allowance for Credit Loss	$ 0
Revenue from Contracts with Customers	993,285	$ 1,227,236	$ 899,567
Total receivables from contracts with customers	84,986	109,875
Non-customer receivables	13,648	5,975
Accounts receivable	98,634	115,850
Artisan Funds
Disaggregation of Revenue [Line Items]
Total receivables from contracts with customers	5,597	5,874
Artisan Global Funds
Disaggregation of Revenue [Line Items]
Total receivables from contracts with customers	4,453	5,433
Separate Accounts [Member]
Disaggregation of Revenue [Line Items]
Total receivables from contracts with customers	74,936	98,568
Management fees
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	992,728	1,213,924	884,902
Management fees | Artisan Funds
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	573,924	712,952	503,642
Management fees | Artisan Global Funds
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	43,128	48,498	33,531
Management fees | Separate Accounts [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	375,676	452,474	347,729
Performance fees
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	557	13,312	14,665
Performance fees | Artisan Global Funds
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	0	0	15
Performance fees | Separate Accounts [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	$ 557	$ 13,312	$ 14,650

Compensation and Benefits - Com

Compensation and Benefits - Components of expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Salaries, incentive compensation and benefits	$ 458,609	$ 516,931	$ 399,325
Restricted share-based award compensation expense	40,004	39,236	36,493
Long-term incentive compensation expense	51,773	46,123	36,493
Total compensation and benefits	510,382	563,054	435,818
Deferred Bonus
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Compensation Expense	$ 11,769	$ 6,887	$ 0

Compensation and Benefits - Add

Compensation and Benefits - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	14,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	2,967,582
Stock Issued During Period, Value, Restricted Stock Award, Gross	$ 0	$ 0	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		135,230
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 24,400	$ 35,800	$ 21,000
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	198,774	177,960	126,971
Payment, Tax Withholding, Share-based Payment Arrangement	$ 7,866	$ 9,246	$ 4,530
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount	48,600	$ 35,000
2022 Grant
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Value, Restricted Stock Award, Gross	$ 37,900
Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	198,774	177,960	126,971
Unvested restricted share-based awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period	5 years
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 73,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	3 years 3 months 18 days
Granted in Period, Number of Shares	788,703	741,555	919,455
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	5,396,343	5,245,394	5,293,642	5,005,422
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period	3 years
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 6,600
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	2 years 6 months
Granted in Period, Number of Shares	95,940	75,230	60,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	231,170	135,230	60,000	0
Performance Shares | Pro Forma
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	261,173
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted in Period, Number of Shares	1,331
Share-based Payment Arrangement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted in Period, Number of Shares	787,372
Long-Term Cash Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 52,800
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	4 years
Other Deferred Compensation Arrangements, Liability, Current and Noncurrent	$ 14,500	$ 6,900

Compensation and Benefits - Res

Compensation and Benefits - Restricted Share Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Restricted Stock Awards and Restricted Stock Units
Unvested at beginning of period	135,230
Unvested at end of period		135,230
Unvested restricted share-based awards
Weighted-Average Grant Date Fair Value
Unvested at beginning of period (in dollars per share)	$ 38.18	$ 35.09	$ 35
Granted (in dollars per share)	41.86	52.93	33.80
Forfeited (in dollars per share)	40.11	29.99	30.92
Vested (in dollars per share)	34.85	31.51	32.59
Unvested at end of period (in dollars per share)	$ 39.09	$ 38.18	$ 35.09
Restricted Stock Awards and Restricted Stock Units
Unvested at beginning of period	5,245,394	5,293,642	5,005,422
Granted in Period, Number of Shares	788,703	741,555	919,455
Forfeited in Period, Number of Shares	(18,671)	(101,001)	(43,091)
Vested in Period, Number of Shares	(619,083)	(688,802)	(588,144)
Unvested at end of period	5,396,343	5,245,394	5,293,642
Performance Shares
Weighted-Average Grant Date Fair Value
Unvested at beginning of period (in dollars per share)	$ 61.42	$ 52.45	$ 0
Granted (in dollars per share)	53.50	68.58	52.45
Forfeited (in dollars per share)	0	0	0
Vested (in dollars per share)	0	0	0
Unvested at end of period (in dollars per share)	$ 58.13	$ 61.42	$ 52.45
Restricted Stock Awards and Restricted Stock Units
Unvested at beginning of period	135,230	60,000	0
Granted in Period, Number of Shares	95,940	75,230	60,000
Forfeited in Period, Number of Shares	0	0	0
Vested in Period, Number of Shares	0	0	0
Unvested at end of period	231,170	135,230	60,000

Compensation and Benefits -Impa

Compensation and Benefits -Impact of Change in Value of Investments (Details) - Long-Term Cash Awards - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating Expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Long-Term Incentive Compensation Expense	$ (3,391)	$ 520	$ 0
Nonoperating Income (Expense)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Net investment gain (loss) of consolidated investment products	$ (13,198)	$ 2,717	$ 0

Income Taxes and Related Paym_3

Income Taxes and Related Payments - Components of provision for income taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current Income Tax Expense (Benefit), Continuing Operations [Abstract]
Federal	$ 25,903	$ 53,131	$ 24,116
State and local	6,870	14,990	8,174
Foreign	521	523	515
Total	33,294	68,644	32,805
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract]
Federal	25,670	32,655	27,110
State and local	4,486	5,727	880
Total	30,156	38,382	27,990
Income tax expense	$ 63,450	$ 107,026	$ 60,795

Unrecognized Tax Benefits Rollf

Unrecognized Tax Benefits Rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Unrecognized Tax Benefits	$ 147	$ 1,085	$ 1,085	$ 1,667
Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions	117	0	1,187
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions	476	0	613
Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions	30	0	216
Tax Adjustments, Settlements, and Unusual Provisions	(609)	0	(1,372)
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations	$ 0	$ 0	$ 0

Income Taxes and Related Paym_4

Income Taxes and Related Payments - Reconciliation of effective tax rate (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
U.S. federal statutory rate	21%	21%	21%
State and local taxes, net of federal tax effect	3.70%	3.50%	3.10%
Excess tax benefits on share-based compensation	(1.70%)	(1.40%)	(1.10%)
Rate benefit from the flow through entity	(2.80%)	(4.10%)	(5.50%)
Change in state tax rate	0%	0%	(1.10%)
Unrecognized tax benefits	(0.10%)	0%	0.20%
Other	0.20%	0.40%	(0.10%)
Effective tax rate	20.30%	19.40%	16.50%

Income Taxes and Related Paym_5

Income Taxes and Related Payments - Components of deferred tax assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Amortizable basis	$ 426,468	$ 459,893	$ 446,954
Follow-On Offering	6,471	44,209	64,087
Deferred Tax Assets, Exchanges	8,687	36,069
Amortization	(42,122)	(39,483)
Other Tax Expense (Benefit)	10	(9)
Amounts payable under tax receivable agreements	398,789	425,427	412,468
Establishment of Amounts Payable Under Tax Receivable Agreements	7,384	30,659
Tax Receivable Agreement Payments	33,109	31,250	26,943
Net (Gain) Loss On The Tax Receivable Agreements Other	(913)
Interest Paid, Including Capitalized Interest, Operating and Investing Activities	100	100
Deferred tax assets:
Amortizable basis	426,468	459,893	446,954
Other	50,556	38,009
Total deferred tax assets	477,024	497,902
Less: valuation allowance	0	0
Net deferred tax assets	477,024	497,902
Net (gain) loss on the tax receivable agreements	(913)	(358)	$ 4,674
Unrecognized Tax Benefits, Income Tax Penalties Accrued	$ 100	200
Follow On Offering
Follow-On Offering		16,362
Establishment of Amounts Payable Under Tax Receivable Agreements		$ 13,908

Income Taxes and Related Paym_6

Income Taxes and Related Payments - Additional information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Approximate percentage of earnings not subject to income taxes	17%	19%	24%
Tax Receivable Agreement Percentage Savings Required to be Paid to Shareholders	85%
Tax Receivable Agreement Percentage To Be Retained by Entity	15%
Tax Receivable Agreement Payment Period	125 days
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 100	$ 1,000
Unrecognized Tax Benefits, Income Tax Penalties Accrued	$ 100	$ 200
London Interbank Offered Rate (LIBOR) [Member]
Tax Receivable, Basis Point Spread on Variable Rate, Basis Points	100

Earnings Per Share - Computatio

Earnings Per Share - Computation of basic and diluted net income (loss) per share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Net income attributable to APAM	$ 206,755	$ 336,516	$ 212,617
Less allocation to participating securities	22,801	31,430	23,268
Net income (loss) available to common stockholders	$ 183,954	$ 305,086	$ 189,349
Basic weighted average shares outstanding	62,475,960	59,866,790	55,633,529
Dilutive effect of nonparticipating equity awards	22,549	14,249	4,393
Diluted weighted average number of common shares outstanding	62,498,509	59,881,039	55,637,922
Earnings per share - Basic	$ 2.94	$ 5.10	$ 3.40
Earnings per share - Diluted	$ 2.94	$ 5.09	$ 3.40

Earnings Per Share - Antidiluti

Earnings Per Share - Antidilutive securities excluded from the computation of net income per share (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	17,624,389	19,577,759	23,198,801
Capital Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	12,022,633	14,167,538	17,885,335
Unvested restricted share-based awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	5,601,756	5,410,221	5,313,466

Benefit Plans (Details)

Benefit Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Retirement Benefits [Abstract]
Defined Benefit Plan, Plan Assets, Contributions by Employer	$ 9,700	$ 8,400	$ 7,800
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Long-term incentive compensation expense	51,773	46,123	36,493
Phantom Equity Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Long-term incentive compensation expense	700	1,600	$ 1,600
Stock Appreciation Rights (SARs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Liability, Current and Noncurrent	$ 800	$ 1,500

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Total Cost	$ 93,961	$ 79,165
Less: Accumulated depreciation	(45,857)	(43,852)
Property and equipment, net of accumulated depreciation	48,104	35,313
Depreciation expense	7,700	6,800	$ 6,500
Computers and equipment
Property, Plant and Equipment [Line Items]
Total Cost	$ 6,132	7,210
Computers and equipment | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Computers and equipment | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Computer software
Property, Plant and Equipment [Line Items]
Total Cost	$ 6,740	6,643
Computer software | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Computer software | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total Cost	$ 14,785	12,689
Property, Plant and Equipment, Useful Life	7 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total Cost	$ 66,304	$ 52,623
Leasehold improvements | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	14 years
Leasehold improvements | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	2 years

Lease Commitments (Details)

Lease Commitments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Other Commitments [Line Items]
Operating Lease, Cost	$ 20,439	$ 15,526	$ 15,841
Short-term Lease, Cost	710	455	343
Sublease Income	133	$ 267	$ 429
Lessee, Operating Lease, Lease Not Yet Commenced, Option To Extend, Value	$ 0
Operating Lease, Weighted Average Discount Rate, Percent	4.10%	4.40%	4.60%
Operating Lease, Weighted Average Remaining Lease Term	9 years	8 years 3 months 18 days	7 years 4 months 24 days
Operating Lease, Payments	$ 16,393	$ 16,821	$ 16,546
Compensation and Benefits
Other Commitments [Line Items]
Operating Lease, Cost	398	518	520
Occupancy
Other Commitments [Line Items]
Operating Lease, Cost	18,979	14,463	14,991
Variable Lease, Cost	351	110	135
Occupancy | Disposal Group, Disposed of by Means Other than Sale, Not Discontinued Operations, Abandonment
Other Commitments [Line Items]
Operating Lease, Cost	1,400		900
Communication and Technology
Other Commitments [Line Items]
Operating Lease, Cost	$ 134	$ 247	$ 281

Lease Commitments - Lease Matur

Lease Commitments - Lease Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
2023	$ 18,698
2024	18,619
2025	18,524
2026	17,783
2027	16,540
Thereafter	53,592
Total undiscounted lease payments	143,756
Adjustment to discount to present value	(22,909)
Operating lease liabilities	$ 120,847	$ 100,303

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Accounts Receivable, Related Parties	$ 6,500	$ 1,500
Artisan Global Funds
Related Party Transaction [Line Items]
Investment management fees	43,162	48,547	$ 33,728
Fee waiver / expense reimbursement	$ 34	49	182
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 Funds
Related Party Transaction [Line Items]
Annualized operating expenses maximum percentage of average daily net assets	0.88%
Annualized operating expenses minimum percentage of average daily assets	145%
Investment management fees	$ 575,069	713,587	504,204
Fee waiver / expense reimbursement	$ 1,145	635	562
Artisan Funds | Minimum
Related Party Transaction [Line Items]
Management fee percentage of average daily net assets	0.60%
Artisan Funds | Maximum
Related Party Transaction [Line Items]
Management fee percentage of average daily net assets	1.05%
Artisan Global Funds
Related Party Transaction [Line Items]
Investment management fees	$ 14,442	13,273	6,486
Fee waiver / expense reimbursement	$ 154	127	147
Artisan Global Funds | Minimum
Related Party Transaction [Line Items]
Management fee threshold for reimbursement, percentage average daily net assets	0.10%
Artisan Global Funds | Maximum
Related Party Transaction [Line Items]
Management fee threshold for reimbursement, percentage average daily net assets	1%
Subsidiaries [Member] | Artisan Global Funds
Related Party Transaction [Line Items]
Investment management fees	$ 43,326	48,622	33,786
Fee waiver / expense reimbursement	424	489	515
Subsidiaries [Member] | Artisan Funds
Related Party Transaction [Line Items]
Investment management fees	575,286	713,595	504,204
Fee waiver / expense reimbursement	1,515	676	562
Subsidiaries [Member] | Artisan Global Funds
Related Party Transaction [Line Items]
Investment management fees	15,025	14,519	7,570
Fee waiver / expense reimbursement	286	281	405
Consolidation, Eliminations [Member] | Artisan Global Funds
Related Party Transaction [Line Items]
Investment management fees	(164)	(75)	(58)
Fee waiver / expense reimbursement	(390)	(440)	(333)
Consolidation, Eliminations [Member] | Artisan Funds
Related Party Transaction [Line Items]
Investment management fees	(217)	(8)	0
Fee waiver / expense reimbursement	(370)	(41)	0
Consolidation, Eliminations [Member] | Artisan Global Funds
Related Party Transaction [Line Items]
Investment management fees	(583)	(1,246)	(1,084)
Fee waiver / expense reimbursement	$ (132)	$ (154)	$ (258)

Concentration of Credit Risk _3

Concentration of Credit Risk and Significant Relationships (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Concentration Risk [Line Items]
Revenue from Contracts with Customers	$ 993,285	$ 1,227,236	$ 899,567
Total long-lived assets	149,514	123,955
U.S.
Concentration Risk [Line Items]
Revenue from Contracts with Customers	812,390	1,021,595	748,327
Total long-lived assets	146,816	118,558
Non-U.S.
Concentration Risk [Line Items]
Revenue from Contracts with Customers	180,895	205,641	$ 151,240
Total long-lived assets	$ 2,698	$ 5,397

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event - USD ($) $ / shares in Units, $ in Millions	Feb. 01, 2023	Jan. 25, 2023
Subsequent Event [Line Items]
Distribution Made to Limited Partner, Cash Distributions Declared	$ 23
Long Term Incentive
Subsequent Event [Line Items]
Long-Term Incentive Awards, Costs Not Yet Recognized		$ 57.1
Cash Award
Subsequent Event [Line Items]
Long-Term Cash Awards, Costs Not Yet Recognized [Line Items]		39
Unvested restricted share-based awards
Subsequent Event [Line Items]
Long-Term Incentive Awards, Costs Not Yet Recognized		$ 18.1
Class A Common Stock
Subsequent Event [Line Items]
Dividends declared (in dollars per share)	$ 0.90
Quarterly cash dividend | Class A Common Stock
Subsequent Event [Line Items]
Dividends declared (in dollars per share)	0.55
Special annual dividend | Class A Common Stock
Subsequent Event [Line Items]
Dividends declared (in dollars per share)	$ 0.35