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Business Combinations (Details) (USD $) | 6 Months Ended | 1 Months Ended |  | 1 Months Ended |  |
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Jun. 30, 2012 | Jun. 30, 2011 | Jun. 30, 2012 Veritable, LP Y | Jun. 29, 2012 Veritable, LP | Jun. 29, 2012 Veritable, LP High Net Worth | Jun. 30, 2012 Yacktman Asset Management Co Y | Jun. 29, 2012 Yacktman Asset Management Co | Jun. 30, 2012 Yacktman Asset Management Co Mutual Fund | Jun. 30, 2012 Yacktman Asset Management Co High Net Worth
Business Combinations |  |  |  |  |  |  |  |  |
Value of managed assets |  |  |  | $ 11,000,000,000 |  |  | $ 17,000,000,000 |  |
Goodwill percentage attributable to segments |  |  |  |  | 100.00% |  |  | 91.00% | 9.00%
Tax deduction period for goodwill and client relationships amortization expense (in years) |  |  | 15 |  |  | 15 |  |  |
Purchase price allocations |  |  |  |  |  |  |  |  |
Consideration paid |  |  |  | 116,800,000 |  |  | 301,000,000 |  |
Non-controlling interests |  |  |  | 30,800,000 |  |  | 213,300,000 |  |
Contingent payment arrangement |  |  |  |  |  |  | 24,800,000 |  |
Enterprise value |  |  |  | 147,600,000 |  |  | 539,100,000 |  |
Acquired client relationships |  |  |  | 85,100,000 |  |  | 367,500,000 |  |
Tangible assets, net |  |  |  | 2,700,000 |  |  | 9,000,000 |  |
Goodwill |  |  |  | 59,800,000 |  |  | 162,600,000 |  |
Total |  |  |  | 147,600,000 |  |  | 539,100,000 |  |
Maximum contingent payments to be made |  |  |  |  |  |  | 75,000,000 |  |
Contingencies amount to be recognized after period of acquisition, minimum (in years) |  |  |  |  |  | 3 |  |  |
Contingencies amount to be recognized after period of acquisition, maximum (in years) |  |  |  |  |  | 5 |  |  |
Projected amount of the contingent payment obligation |  |  |  |  |  |  | 52,600,000 |  |
Present value of fair value of the contingent payment obligation |  |  |  |  |  |  | (24,800,000) |  |
Unaudited pro forma financial results |  |  |  |  |  |  |  |  |
Revenue | 922,700,000 | 936,600,000 |  |  |  |  |  |  |
Net Income (controlling interest) | $ 56,000,000 | $ 90,800,000 |  |  |  |  |  |  |
Earnings per share - basic (in dollars per share) | $ 1.09 | $ 1.75 |  |  |  |  |  |  |
Earnings per share - diluted (in dollars per share) | $ 1.06 | $ 1.70 |  |  |  |  |  |  |

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- Definition The total purchase price of the acquired entity. This includes cash paid to equity interest holders of the acquired entity, fair value of debt and equity securities issued to equity holders of the acquired entity, and transaction costs paid to third parties to consummate the acquisition. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 51 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 35 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Amount of goodwill arising from a business combination, which is the excess of the cost of the acquired entity over the amounts assigned to assets acquired and liabilities assumed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 52 -Subparagraph c -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 53 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition The pro forma net Income or Loss for the period as if the business combination or combinations had been completed at the beginning of a period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=6909870&loc=d3e1392-128463 + Details
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