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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities:      
Net income $ 445.6 $ 426.7 $ 274.5
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 24.5 22.9 31.7
Impairment of intangible assets 0.0 0.0 35.8
Deferred income taxes 2.4 (6.1) (14.3)
Stock-based compensation plan expense 71.7 77.4 90.6
Reclassification of foreign currency translation to net income 138.1 4.7 (4.1)
Loss on sale of Intech 0.0 0.0 9.1
Provision for credit losses and contingent consideration adjustments 0.0 23.7 0.0
Investment losses (gains), net (70.8) (43.4) 113.3
Other, net (11.1) (9.1) (8.2)
Changes in operating assets and liabilities:      
OEIC and unit trust receivables and payables 3.0 (3.2) (0.7)
Other assets (12.2) (25.2) 41.6
Other accruals and liabilities 103.4 (26.8) (96.0)
Net operating activities 694.6 441.6 473.3
Investing activities:      
Investments, net (37.0) (59.7) 44.6
Property, equipment and software (10.1) (10.8) (17.6)
Investments by consolidated seeded investment products, net (101.4) (224.9) (43.9)
Cash received (paid) on settled seed capital hedges, net (10.7) (37.5) 75.9
Acquisitions, net of cash acquired (126.9) 0.0 0.0
Long-term note with Intech 0.0 3.1 (15.9)
Proceeds from sale of subsidiaries 0.0 0.0 14.9
Other 0.7 0.9 0.5
Net investing activities (285.4) (328.9) 58.5
Financing activities:      
Purchase of common stock for stock-based compensation plans (79.8) (57.4) (113.8)
Purchase of common stock for the share buyback program (208.2) (61.9) (98.9)
Dividends paid to shareholders (250.1) (258.7) (259.4)
Issuance of long-term debt 394.9 0.0 0.0
Repayment of current portion of long-term debt (304.0) 0.0 0.0
Third-party capital invested into consolidated seeded investment products, net 123.1 227.2 51.1
Other, net (0.3) (1.1) 1.9
Net financing activities (324.4) (151.9) (419.1)
Cash and cash equivalents:      
Effect of foreign exchange rate changes (18.1) 30.9 (54.9)
Net change 66.7 (8.3) 57.8
At beginning of period 1,168.1 1,176.4 1,118.6
At end of period 1,234.8 1,168.1 1,176.4
Supplemental cash flow information:      
Cash paid for interest 18.5 14.6 14.6
Cash paid for income taxes, net of refunds 133.3 104.3 140.7
Reconciliation of cash and cash equivalents:      
Total cash and cash equivalents 1,234.8 1,168.1 1,176.4
Consolidated Entity, Excluding VIE [Member]      
Reconciliation of cash and cash equivalents:      
Total cash and cash equivalents 1,217.2 1,152.4 1,162.3
Variable Interest Entity, Primary Beneficiary [Member]      
Reconciliation of cash and cash equivalents:      
Total cash and cash equivalents $ 17.6 $ 15.7 $ 14.1