Segment Information (Tables)

9 Months Ended

Sep. 30, 2012

	For the Three Months Ended September 30, 2011

	Mutual Fund			Institutional			High Net Worth			Total
Revenue	$	179.0		$	199.6		$	35.2		$	413.8
Operating expenses:
Depreciation, intangible amortization and impairments		4.2			19.8			2.1			26.1
Other operating expenses		119.3			120.9			21.5			261.7

		123.5			140.7			23.6			287.8

Operating income		55.5			58.9			11.6			126.0

Non-operating (income) and expenses:
Investment and other loss		5.5			2.6			1.4			9.5
Income from equity method investments		(2.0	)		(6.6	)		(1.2	)		(9.8	)
Interest expense		6.1			10.3			1.7			18.1
Imputed interest and contingent payment arrangements		4.7			3.1			0.5			8.3

		14.3			9.4			2.4			26.1

Income before income taxes		41.2			49.5			9.2			99.9
Income taxes		8.1			9.5			2.2			19.8

Net income		33.1			40.0			7.0			80.1
Net income (non-controlling interests)		(14.7	)		(22.3	)		(3.0	)		(40.0	)

Net income (controlling interest)	$	18.4		$	17.7		$	4.0		$	40.1

	For the Three Months Ended September 30, 2012

	Mutual Fund			Institutional			High Net Worth			Total
Revenue	$	208.3		$	210.7		$	48.3		$	467.3
Operating expenses:
Depreciation, intangible amortization and impairments		5.4			19.0			3.1			27.5
Other operating expenses		139.1			131.5			29.5			300.1

		144.5			150.5			32.6			327.6

Operating income		63.8			60.2			15.7			139.7

Non-operating (income) and expenses:
Investment and other income		(3.2	)		(2.8	)		(0.9	)		(6.9	)
Income from equity method investments		(3.2	)		(14.8	)		(1.4	)		(19.4	)
Interest expense		7.5			12.0			2.3			21.8
Imputed interest and contingent payment arrangements		3.2			3.0			0.5			6.7

		4.3			(2.6	)		0.5			2.2

Income before income taxes		59.5			62.8			15.2			137.5
Income taxes		7.5			9.4			2.5			19.4

Net income		52.0			53.4			12.7			118.1
Net income (non-controlling interests)		(27.3	)		(28.5	)		(7.4	)		(63.2	)

Net income (controlling interest)	$	24.7		$	24.9		$	5.3		$	54.9

	For the Nine Months Ended September 30, 2011

	Mutual Fund			Institutional			High Net Worth			Total
Revenue	$	555.7		$	640.6		$	106.1		$	1,302.4
Operating expenses:
Depreciation, intangible amortization and impairments		12.3			59.3			6.3			77.9
Other operating expenses		375.7			392.0			65.9			833.6

		388.0			451.3			72.2			911.5

Operating income		167.7			189.3			33.9			390.9

Non-operating (income) and expenses:
Investment and other (income) loss		2.0			(6.9	)		11.7			6.8
Income from equity method investments		(2.5	)		(34.2	)		(3.4	)		(40.1	)
Interest expense		18.0			32.5			5.1			55.6
Imputed interest and contingent payment arrangements		13.6			9.8			1.5			24.9

		31.1			1.2			14.9			47.2

Income before income taxes		136.6			188.1			19.0			343.7
Income taxes		30.8			39.8			2.6			73.2

Net income		105.8			148.3			16.4			270.5
Net income (non-controlling interests)		(52.0	)		(82.0	)		(11.9	)		(145.9	)

Net income (controlling interest)	$	53.8		$	66.3		$	4.5		$	124.6

	For the Nine Months Ended September 30, 2012

	Mutual Fund			Institutional			High Net Worth			Total
Revenue	$	557.4		$	636.8		$	120.3		$	1,314.5
Operating expenses:
Depreciation, intangible amortization and impairments		115.1			57.8			6.8			179.7
Other operating expenses		385.2			400.9			75.2			861.3

		500.3			458.7			82.0			1,041.0

Operating income		57.1			178.1			38.3			273.5

Non-operating (income) and expenses:
Investment and other income		(7.5	)		(10.9	)		(1.9	)		(20.3	)
Income from equity method investments		(8.5	)		(34.6	)		(4.2	)		(47.3	)
Interest expense		19.5			33.7			5.6			58.8
Imputed interest and contingent payment arrangements		(24.7	)		(12.1	)		1.1			(35.7	)

		(21.2	)		(23.9	)		0.6			(44.5	)

Income before income taxes		78.3			202.0			37.7			318.0
Income taxes		—			39.2			6.8			46.0

Net income		78.3			162.8			30.9			272.0
Net income (non-controlling interests)		(70.0	)		(85.8	)		(17.3	)		(173.1	)

Net Income (controlling interest)	$	8.3		$	77.0		$	13.6		$	98.9

Balance Sheet Information
Total assets as of December 31, 2011	$	1,920.6		$	2,836.2		$	462.1		$	5,218.9
Total assets as of September 30, 2012	$	2,367.5		$	3,029.5		$	633.8		$	6,030.8

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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