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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flow from operating activities:    
Net income $ 129.7 $ 93.0
Adjustments to reconcile Net income to net cash flow from operating activities:    
Intangible amortization and impairments 32.9 30.4
Amortization of issuance costs 2.5 1.8
Depreciation and other amortization 3.5 3.4
Deferred income tax provision 12.7 13.4
Imputed interest expense and contingent payment arrangements 14.2 (2.5)
Income from equity method investments, net of amortization (50.6) (14.5)
Distributions received from equity method investments 93.9 36.8
Tax benefit from exercise of stock options 0.6 0.4
Share-based compensation 8.9 8.2
Affiliate equity expense 5.2 2.2
Other adjustments 0.9 (6.0)
Changes in assets and liabilities:    
(Increase) decrease in investment advisory fees receivable 3.7 (12.5)
Increase in prepaids and other current assets (7.4) (9.1)
Increase in other assets (0.1) (0.5)
Increase in unsettled fund shares receivable (238.4) (45.2)
Increase in unsettled fund shares payable 242.0 41.6
Decrease in accounts payable, accrued liabilities and other long-term liabilities (52.0) (88.4)
Cash flow from operating activities 202.2 52.5
Cash flow from (used in) investing activities:    
Purchase of fixed assets (4.6) (1.3)
Purchase of investment securities (2.6) (9.5)
Sale of investment securities 0.2 12.9
Cash flow from (used in) investing activities (7.0) 2.1
Cash flow used in financing activities:    
Borrowings of senior bank debt 20.0  
Repayments of senior bank debt (195.0)  
Issuance of common stock 29.2 15.1
Repurchase of common stock   (32.7)
Excess tax benefit from exercise of stock options 7.5 3.5
Note and contingent payments (37.8) (0.2)
Distributions to non-controlling interests (125.4) (82.0)
Affiliate equity issuances and repurchases 15.8 (16.9)
Cash flow used in financing activities (285.7) (113.2)
Effect of foreign exchange rate changes on cash and cash equivalents (4.9) 2.8
Net decrease in cash and cash equivalents (95.4) (55.8)
Cash and cash equivalents at beginning of period 430.4 449.5
Cash and cash equivalents at end of period 335.0 393.7
Supplemental disclosure of non-cash financing activities:    
Notes received for Affiliate equity sales   1.0
Payables recorded for Affiliate equity purchases $ 12.0 $ 11.2