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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flow from operating activities:      
Net income $ 411.4 $ 359.6 $ 287.3
Adjustments to reconcile Net income to net cash flow from operating activities:      
Intangible amortization and impairments 200.0 97.7 60.0
Amortization of issuance costs 8.2 8.1 7.6
Depreciation and other amortization 14.1 15.0 14.1
Deferred income tax provision 11.1 35.2 35.4
Imputed interest expense and contingent payment arrangements (26.1) 27.3 24.9
Income from equity method investments, net of amortization (129.7) (72.7) (77.5)
Distributions received from equity method investments 104.7 128.3 65.8
Tax benefit from exercise of stock options 3.5 1.1 4.5
Share-based compensation 47.6 30.3 19.5
Affiliate equity expense 21.7 22.1 14.5
Other adjustments 12.6 21.3 8.5
Changes in assets and liabilities:      
(Increase) decrease in investment advisory fees receivable (34.8) 22.5 (49.2)
(Increase) decrease in prepaid and other current assets (4.2) (2.8) (3.4)
(Increase) decrease in other assets (2.8) (1.5) (1.3)
(Increase) decrease in unsettled fund shares receivable (4.5) 5.9 14.1
Increase (decrease) in unsettled fund shares payable (2.3) 2.0 (10.5)
Increase (decrease) in accounts payable, accrued liabilities and other long-term liabilities 2.7 9.1 66.4
Cash flow from operating activities 633.2 708.5 480.7
Cash flow used in investing activities:      
Investments in Affiliates (797.4) (13.3) (916.1)
Purchase of fixed assets (20.0) (16.1) (8.8)
Purchase of investment securities (19.1) (49.2) (64.0)
Sale of investment securities 34.2 10.9 15.1
Cash flow used in investing activities (802.3) (67.7) (973.8)
Cash flow from (used in) financing activities:      
Borrowings of senior bank debt 630.0 360.0 1,191.5
Repayments of senior bank debt (555.0) (570.0) (731.5)
Issuance of senior notes 340.0    
Issuance of common stock 73.4 28.0 46.4
Repurchase of common stock (60.9) (61.0)  
Issuance costs (10.4) (13.6) (0.9)
Excess tax benefit from exercise of stock options 22.0 7.1 10.1
Settlement of treasury lock   (0.8)  
Settlement of forward equity sale agreement     294.7
Note payments (3.6) (72.5) (28.8)
Distributions to non-controlling interests (181.4) (167.6) (100.7)
Affiliate equity issuances and repurchases (107.9) (13.4) (135.8)
Cash flow from (used in) financing activities 146.2 (503.8) 545.0
Effect of foreign exchange rate changes on cash and cash equivalents 3.8 (0.8) 1.9
Net increase (decrease) in cash and cash equivalents (19.1) 136.2 53.8
Cash and cash equivalents at beginning of period 449.5 313.3 259.5
Cash and cash equivalents at end of period 430.4 449.5 313.3
Supplemental disclosure of cash flow information:      
Interest paid 79.8 75.9 61.6
Income taxes paid 51.6 46.6 49.2
Supplemental disclosure of non-cash financing activities:      
Payables recorded for Affiliate equity repurchases 10.6 32.1 46.1
Payables recorded under contingent payment arrangements 28.9   77.6
Stock issued for conversion of zero coupon senior convertible note     47.5
Stock issued for investments in Affiliates     146.9
Stock issued for settlement of forward equity sale agreement     $ 44.5