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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Schedule of segment information
Statements of Income
 
Three Months Ended September 30, 2012
 
Institutional
 
Mutual Fund
 
High Net Worth
 
Total
Revenue
$
210.7

 
$
208.3

 
$
48.3

 
$
467.3

Operating expenses:
 
 
 
 
 
 
 
Depreciation, intangible amortization and impairments
19.0

 
5.4

 
3.1

 
27.5

Other operating expenses
131.5

 
139.1

 
29.5

 
300.1

 
150.5

 
144.5

 
32.6

 
327.6

Operating income
60.2

 
63.8

 
15.7

 
139.7

Income from equity method investments
14.8

 
3.2

 
1.4

 
19.4

Other non-operating (income) and expenses:
 
 
 
 
 
 
 
Investment and other income
(2.8
)
 
(3.2
)
 
(0.9
)
 
(6.9
)
Interest expense
12.0

 
7.5

 
2.3

 
21.8

Imputed interest and contingent payment arrangements
3.0

 
3.2

 
0.5

 
6.7

 
12.2

 
7.5

 
1.9

 
21.6

Income before income taxes
62.8

 
59.5

 
15.2

 
137.5

Income taxes
9.4

 
7.5

 
2.5

 
19.4

Net income
53.4

 
52.0

 
12.7

 
118.1

Net income (non-controlling interests)
(28.5
)
 
(27.3
)
 
(7.4
)
 
(63.2
)
Net income (controlling interest)
$
24.9

 
$
24.7

 
$
5.3

 
$
54.9

 
Three Months Ended September 30, 2013
 
Institutional
 
Mutual Fund
 
High Net Worth
 
Total
Revenue
$
229.1

 
$
268.0

 
$
54.5

 
$
551.6

Operating expenses:
 
 
 
 
 
 
 
Depreciation, intangible amortization and impairments
17.6

 
15.6

 
2.9

 
36.1

Other operating expenses
140.3

 
174.7

 
31.4

 
346.4

 
157.9

 
190.3

 
34.3

 
382.5

Operating income
71.2

 
77.7

 
20.2

 
169.1

Income from equity method investments
27.7

 
4.0

 
2.4

 
34.1

Other non-operating (income) and expenses:
 
 
 
 
 
 
 
Investment and other income
(3.9
)
 
(3.8
)
 
(0.3
)
 
(8.0
)
Interest expense
10.6

 
7.3

 
2.0

 
19.9

Imputed interest and contingent payment arrangements
1.2

 
2.5

 
0.2

 
3.9

 
7.9

 
6.0

 
1.9

 
15.8

Income before income taxes
91.0

 
75.7

 
20.7

 
187.4

Income taxes
17.9

 
8.8

 
4.3

 
31.0

Net income
73.1

 
66.9

 
16.4

 
156.4

Net income (non-controlling interests)
(33.3
)
 
(39.1
)
 
(8.8
)
 
(81.2
)
Net income (controlling interest)
$
39.8

 
$
27.8

 
$
7.6

 
$
75.2

 
Nine Months Ended September 30, 2012
 
Institutional
 
Mutual Fund
 
High Net Worth
 
Total
Revenue
$
636.8

 
$
557.4

 
$
120.3

 
$
1,314.5

Operating expenses:
 
 
 
 
 
 
 
Depreciation, intangible amortization and impairments
57.8

 
115.1

 
6.8

 
179.7

Other operating expenses
400.9

 
385.2

 
75.2

 
861.3

 
458.7

 
500.3

 
82.0

 
1,041.0

Operating income
178.1

 
57.1

 
38.3

 
273.5

Income from equity method investments
34.6

 
8.5

 
4.2

 
47.3

Other non-operating (income) and expenses:
 
 
 
 
 
 
 
Investment and other income
(10.9
)
 
(7.5
)
 
(1.9
)
 
(20.3
)
Interest expense
33.7

 
19.5

 
5.6

 
58.8

Imputed interest and contingent payment arrangements
(12.1
)
 
(24.7
)
 
1.1

 
(35.7
)
 
10.7

 
(12.7
)
 
4.8

 
2.8

Income before income taxes
202.0

 
78.3

 
37.7

 
318.0

Income taxes
39.2

 
—

 
6.8

 
46.0

Net income
162.8

 
78.3

 
30.9

 
272.0

Net income (non-controlling interests)
(85.8
)
 
(70.0
)
 
(17.3
)
 
(173.1
)
Net income (controlling interest)
$
77.0

 
$
8.3

 
$
13.6

 
$
98.9

 
Nine Months Ended September 30, 2013
 
Institutional
 
Mutual Fund
 
High Net Worth
 
Total
Revenue
$
694.6

 
$
741.5

 
$
158.7

 
$
1,594.8

Operating expenses:
 
 
 
 
 
 
 
Depreciation, intangible amortization and impairments
57.1

 
42.0

 
9.3

 
108.4

Other operating expenses
429.8

 
483.2

 
92.4

 
1,005.4

 
486.9

 
525.2

 
101.7

 
1,113.8

Operating income
207.7

 
216.3

 
57.0

 
481.0

Income from equity method investments
102.1

 
11.7

 
7.2

 
121.0

Other non-operating (income) and expenses:
 
 
 
 
 
 
 
Investment and other income
(9.8
)
 
(9.2
)
 
(1.0
)
 
(20.0
)
Interest expense
38.4

 
23.5

 
6.6

 
68.5

Imputed interest and contingent payment arrangements
8.2

 
16.7

 
1.6

 
26.5

 
36.8

 
31.0

 
7.2

 
75.0

Income before income taxes
273.0

 
197.0

 
57.0

 
527.0

Income taxes
60.6

 
34.6

 
11.4

 
106.6

Net income
212.4

 
162.4

 
45.6

 
420.4

Net income (non-controlling interests)
(97.8
)
 
(95.2
)
 
(25.1
)
 
(218.1
)
Net income (controlling interest)
$
114.6

 
$
67.2

 
$
20.5

 
$
202.3

Total assets as of December 31, 2012
3,176.5

 
2,354.8

 
655.8

 
6,187.1

Total assets as of September 30, 2013
2,964.6

 
2,633.5

 
663.0

 
6,261.1