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Pending Investments
3 Months Ended
Mar. 31, 2012
Pending Investments  
Pending Investments

19.   Pending Investments

        In March 2012, AMG Wealth Partners, LP, a subsidiary of AMG, announced an agreement to purchase an equity interest in Veritable, LP ("Veritable"). Veritable manages $11.1 billion in assets for ultra-high net worth individuals. Subject to customary closing conditions, regulatory approvals and compliance with other terms of the purchase agreement, the Company anticipates that AMG Wealth Partners' investment in Veritable will close in the second quarter of 2012.

        In April 2012, the Company announced an agreement to purchase Yacktman Asset Management Co. ("Yacktman"). Yacktman manages $16.8 billion of assets, specializing in large-cap equities through a value-oriented approach. Subject to customary closing conditions, regulatory approvals and compliance with other terms of the purchase agreement, the Company anticipates that its investment in Yacktman will close in the third quarter of 2012.