Segment Information (Tables)

3 Months Ended

Mar. 31, 2013

	Three Months Ended March 31, 2012

	Institutional			Mutual Fund			High Net Worth			Total
Revenue	$	206.8		$	175.7		$	35.2		$	417.7
Operating expenses:
Depreciation, intangible amortization and impairments		19.9			12.0			1.9			33.8
Other operating expenses		129.7			123.0			22.4			275.1

		149.6			135.0			24.3			308.9

Operating income		57.2			40.7			10.9			108.8

Income from equity method investments		10.5			2.6			1.4			14.5

Other non-operating (income) and expenses:
Investment and other income		(5.1	)		(4.0	)		(1.3	)		(10.4	)
Interest expense		10.9			6.0			1.7			18.6
Imputed interest and contingent payment arrangements		2.3			(5.1	)		0.3			(2.5	)

		8.1			(3.1	)		0.7			5.7

Income before income taxes		59.6			46.4			11.6			117.6
Income taxes		11.8			10.6			2.2			24.6

Net income		47.8			35.8			9.4			93.0
Net income (non-controlling interests)		(28.9	)		(21.1	)		(5.6	)		(55.6	)

Net income (controlling interest)	$	18.9		$	14.7		$	3.8		$	37.4

	Three Months Ended March 31, 2013

	Institutional			Mutual Fund			High Net Worth			Total
Revenue	$	223.8		$	227.6		$	50.8		$	502.2
Operating expenses:
Depreciation, intangible amortization and impairments		19.6			13.6			3.2			36.4
Other operating expenses		140.6			145.3			29.4			315.3

		160.2			158.9			32.6			351.7

Operating income		63.6			68.7			18.2			150.5

Income from equity method investments		44.4			3.8			2.4			50.6

Other non-operating (income) and expenses:
Investment and other income		(2.4	)		(1.9	)		(0.2	)		(4.5	)
Interest expense		14.4			7.6			2.2			24.2
Imputed interest and contingent payment arrangements		4.4			9.2			0.6			14.2

		16.4			14.9			2.6			33.9

Income before income taxes		91.6			57.6			18.0			167.2
Income taxes		22.1			11.7			3.7			37.5

Net income		69.5			45.9			14.3			129.7
Net income (non-controlling interests)		(30.8	)		(28.7	)		(7.8	)		(67.3	)

Net income (controlling interest)	$	38.7		$	17.2		$	6.5		$	62.4

Total assets as of December 31, 2012	$	3,176.5		$	2,354.8		$	655.8		$	6,187.1
Total assets as of March 31, 2013	$	2,953.3		$	2,644.7		$	627.1		$	6,225.1

- 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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