Segment Information (Tables)

Financial information for the Company’s reportable segments is presented in the following table:


	Investor Services						Advisor Services						Unallocated					Total
Three Months Ended March 31,	2013			2012			2013			2012			2013		2012			2013			2012
Net Revenues:
Asset management and administration fees	$	387		$	341		$	165		$	142		$	—	$	1		$	552		$	484
Net interest revenue		413			384			56			50			—		—			469			434
Trading revenue		149			174			74			69			—		—			223			243
Other		42			32			14			15			—		(1	)		56			46
Provision for loan losses		(5	)		—			(1	)		—			—		—			(6	)		—
Net impairment losses on securities		(4	)		(17	)		—			(1	)		—		—			(4	)		(18	)

Total net revenues		982			914			308			275			—		—			1,290			1,189

Expenses Excluding Interest		751			690			208			186			—		—			959			876

Income before taxes on income	$	231		$	224		$	100		$	89		$	—	$	—		$	331		$	313

Taxes on income																			125			118

Net Income																		$	206		$	195

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details