Segment Information (Tables)

12 Months Ended

Dec. 31, 2012

	Year Ended December 31, 2010

	Institutional			Mutual Fund			High Net Worth			Total
Revenue	$	649.2		$	578.8		$	130.2		$	1,358.2
Operating expenses:
Depreciation, intangible amortization and impairments		49.6			15.3			9.2			74.1
Other operating expenses		424.9			401.2			84.0			910.1

		474.5			416.5			93.2			984.2

Operating income		174.7			162.3			37.0			374.0

Income from equity method investments		(70.4	)		0.4			(7.5	)		(77.5	)

Other non-operating (income) and expenses:
Investment and other (income) loss		(10.8	)		(7.6	)		—			(18.4	)
Interest expense		36.1			23.5			6.6			66.2
Imputed interest and contingent payment arrangements		13.5			8.9			2.5			24.9

		38.8			24.8			9.1			72.7

Income before income taxes		206.3			137.1			35.4			378.8
Income taxes		47.1			36.2			8.2			91.5

Net income		159.2			100.9			27.2			287.3
Net income (non-controlling interests)		(81.4	)		(54.6	)		(12.7	)		(148.7	)

Net income (controlling interest)	$	77.8		$	46.3		$	14.5		$	138.6

Total assets	$	2,997.4		$	1,848.4		$	434.0		$	5,279.8
Goodwill	$	1,073.6		$	786.7		$	261.6		$	2,121.9

	Year Ended December 31, 2011

	Institutional			Mutual Fund			High Net Worth			Total
Revenue	$	841.4		$	723.7		$	139.7		$	1,704.8
Operating expenses:
Depreciation, intangible amortization and impairments		76.9			28.0			7.8			112.7
Other operating expenses		524.9			492.4			88.7			1,106.0

		601.8			520.4			96.5			1,218.7

Operating income		239.6			203.3			43.2			486.1

Income from equity method investments		(57.2	)		(7.9	)		(7.6	)		(72.7	)

Other non-operating (income) and expenses:
Investment and other (income) loss		(6.9	)		0.6			11.3			5.0
Interest expense		39.7			27.7			6.4			73.8
Imputed interest and contingent payment arrangements		15.1			9.9			2.3			27.3

		47.9			38.2			20.0			106.1

Income before income taxes		248.9			173.0			30.8			452.7
Income taxes		53.4			34.4			5.3			93.1

Net income		195.5			138.6			25.5			359.6
Net income (non-controlling interests)		(105.3	)		(73.1	)		(16.3	)		(194.7	)

Net income (controlling interest)	$	90.2		$	65.5		$	9.2		$	164.9

Total assets	$	2,836.2		$	1,920.6		$	462.1		$	5,218.9
Goodwill	$	1,071.4		$	785.0		$	260.9		$	2,117.3

	Year Ended December 31, 2012

	Institutional			Mutual Fund			High Net Worth			Total
Revenue	$	861.3		$	774.4		$	169.8			1,805.5
Operating expenses:
Depreciation, intangible amortization and impairments		75.4			128.9			9.8			214.1
Other operating expenses		554.2			526.5			110.3			1,191.0

		629.6			655.4			120.1			1,405.1

Operating income		231.7			119.0			49.7			400.4

Income from equity method investments		(103.9	)		(12.7	)		(13.1	)		(129.7	)

Other non-operating (income) and expenses:
Investment and other (income) loss		(13.6	)		(6.6	)		(1.8	)		(22.0	)
Interest expense		50.7			24.0			8.3			83.0
Imputed interest and contingent payment arrangements		(8.1	)		(19.5	)		1.5			(26.1	)

		29.0			(2.1	)		8.0			34.9

Income before income taxes		306.6			133.8			54.8			495.2
Income taxes		63.7			10.7			9.4			83.8

Net income		242.9			123.1			45.4			411.4
Net income (non-controlling interests)		(116.9	)		(95.8	)		(24.7	)		(237.4	)

Net income (controlling interest)	$	126.0		$	27.3		$	20.7		$	174.0

Total assets	$	3,176.5		$	2,354.8		$	655.8		$	6,187.1
Goodwill	$	1,078.5		$	939.5		$	337.2		$	2,355.2

- 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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