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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Net income $ 481.4 $ 324.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 26.4 15.9
Deferred income taxes 0.3 0.3
Stock-based compensation plan expense 58.6 51.3
Reclassification of foreign currency translation to net income (0.6) 95.4
Investment gains, net (102.2) (63.9)
Other, net (1.9) (6.9)
Changes in operating assets and liabilities:    
OEIC and unit trust receivables and payables (7.3) 2.3
Other assets 30.9 45.7
Other accruals and liabilities (88.8) (16.9)
Net operating activities 396.8 447.3
Investing activities:    
Investments, net (140.2) (94.2)
Property, equipment and software (6.3) (6.3)
Investments by consolidated seeded investment products, net (257.3) (179.0)
Acquisitions, net of cash acquired (5.3) (17.2)
Other, net (9.1) 0.7
Net investing activities (478.7) (329.7)
Seed capital hedges, net (60.5) (33.7)
Financing activities:    
Purchase of common stock for stock-based compensation plans (96.8) (80.0)
Purchase of common stock for the share buyback program (142.8) (155.1)
Dividends paid to shareholders (187.7) (188.1)
Third-party capital invested into consolidated seeded investment products, net 271.9 221.8
Other, net 4.1 (0.3)
Net financing activities (151.3) 194.5
Issuance of long-term debt 0.0 396.2
Cash and cash equivalents:    
Effect of foreign exchange rate changes 39.3 24.6
Net change (193.9) 336.7
At beginning of period 1,234.8 1,168.1
At end of period 1,040.9 1,504.8
Supplemental cash flow information:    
Cash paid for interest 21.8 14.6
Cash paid for income taxes, net of refunds 128.7 95.0
Reconciliation of cash and cash equivalents:    
Total cash and cash equivalents 1,040.9 1,504.8
Consolidated Entity, Excluding VIE [Member]    
Reconciliation of cash and cash equivalents:    
Total cash and cash equivalents 996.9 1,483.8
Variable Interest Entity, Primary Beneficiary [Member]    
Reconciliation of cash and cash equivalents:    
Total cash and cash equivalents $ 44.0 $ 21.0