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Segment Information (Details) (USD $)
In Millions, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
segment
channel
Jun. 30, 2011
Dec. 31, 2011
Segment Information          
Number of operating segments     3    
Number of principal distribution channels     3    
Statements of Income          
Revenue $ 429.6 $ 462.3 $ 847.2 $ 888.5  
Operating expenses:          
Depreciation and other amortization 118.3 25.9 152.2 51.8  
Other operating expenses 286.3 296.4 561.2 571.8  
Total operating expenses 404.6 322.3 713.4 623.6  
Operating income 25.0 140.0 133.8 264.9  
Non-operating (income) and expenses:          
Investment and other (income) loss (3.0) 6.1 (13.4) (2.6)  
Income from equity method investments, net of amortization (13.4) (20.1) (27.9) (30.3)  
Interest expense 18.5 18.1 37.1 37.4  
Imputed interest and contingent payment arrangements (40.0) 8.3 (42.5) 16.6  
Total non-operating (income) and expenses (37.9) 12.4 (46.7) 21.1  
Income before income taxes 62.9 127.6 180.5 243.8  
Income taxes 2.0 26.6 26.6 53.4  
Net income 60.9 101.0 153.9 190.4  
Net income (non-controlling interests) (54.3) (55.5) (109.9) (105.9)  
Net income (loss) (controlling interest) 6.6 45.5 44.0 84.5  
Balance Sheet Information          
Total assets 5,614.7   5,614.7   5,218.9
Mutual Fund
          
Statements of Income          
Revenue 173.3 192.5 349.0 376.7  
Operating expenses:          
Depreciation and other amortization 97.7 4.0 109.7 8.1  
Other operating expenses 123.3 130.0 246.2 256.4  
Total operating expenses 221.0 134.0 355.9 264.5  
Operating income (47.7) 58.5 (6.9) 112.2  
Non-operating (income) and expenses:          
Investment and other (income) loss (0.3) (1.2) (4.3) (3.5)  
Income from equity method investments, net of amortization (2.8) 0.9 (5.4) (0.5)  
Interest expense 5.9 5.5 12.0 11.8  
Imputed interest and contingent payment arrangements (22.7) 4.5 (27.9) 9.0  
Total non-operating (income) and expenses (19.9) 9.7 (25.6) 16.8  
Income before income taxes (27.8) 48.8 18.7 95.4  
Income taxes (18.1) 11.0 (7.5) 22.7  
Net income (9.7) 37.8 26.2 72.7  
Net income (non-controlling interests) (21.6) (19.0) (42.7) (37.3)  
Net income (loss) (controlling interest) (31.3) 18.8 (16.5) 35.4  
Balance Sheet Information          
Total assets 2,302.7   2,302.7   1,920.6
Institutional
          
Statements of Income          
Revenue 219.5 233.9 426.2 440.9  
Operating expenses:          
Depreciation and other amortization 18.8 19.8 38.8 39.5  
Other operating expenses 139.8 144.2 269.3 271.1  
Total operating expenses 158.6 164.0 308.1 310.6  
Operating income 60.9 69.9 118.1 130.3  
Non-operating (income) and expenses:          
Investment and other (income) loss (3.0) (4.5) (8.1) (9.5)  
Income from equity method investments, net of amortization (9.3) (19.9) (19.8) (27.6)  
Interest expense 10.9 11.0 21.8 22.2  
Imputed interest and contingent payment arrangements (17.5) 3.3 (15.2) 6.6  
Total non-operating (income) and expenses (18.9) (10.1) (21.3) (8.3)  
Income before income taxes 79.8 80.0 139.4 138.6  
Income taxes 18.0 17.4 29.8 30.3  
Net income 61.8 62.6 109.6 108.3  
Net income (non-controlling interests) (28.4) (32.4) (57.3) (59.7)  
Net income (loss) (controlling interest) 33.4 30.2 52.3 48.6  
Balance Sheet Information          
Total assets 2,697.2   2,697.2   2,836.2
High Net Worth
          
Statements of Income          
Revenue 36.8 35.9 72.0 70.9  
Operating expenses:          
Depreciation and other amortization 1.8 2.1 3.7 4.2  
Other operating expenses 23.2 22.2 45.7 44.3  
Total operating expenses 25.0 24.3 49.4 48.5  
Operating income 11.8 11.6 22.6 22.4  
Non-operating (income) and expenses:          
Investment and other (income) loss 0.3 11.8 (1.0) 10.4  
Income from equity method investments, net of amortization (1.3) (1.1) (2.7) (2.2)  
Interest expense 1.7 1.6 3.3 3.4  
Imputed interest and contingent payment arrangements 0.2 0.5 0.6 1.0  
Total non-operating (income) and expenses 0.9 12.8 0.2 12.6  
Income before income taxes 10.9 (1.2) 22.4 9.8  
Income taxes 2.1 (1.8) 4.3 0.4  
Net income 8.8 0.6 18.1 9.4  
Net income (non-controlling interests) (4.3) (4.1) (9.9) (8.9)  
Net income (loss) (controlling interest) 4.5 (3.5) 8.2 0.5  
Balance Sheet Information          
Total assets $ 614.8   $ 614.8   $ 462.1