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Segment Information
 3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Segment Information
Segment Information
Management has assessed and determined that the Company operates in three business segments representing the Company's three principal distribution channels: Institutional, Mutual Fund and High Net Worth, each of which has different client relationships.
Statements of Income
 
For the 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 expense 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

 
For the Three Months Ended March 31, 2014
 
Institutional
 
Mutual Fund
 
High Net Worth
 
Total
Revenue
$
244.9

 
$
291.9

 
$
56.3

 
$
593.1

Operating expenses:
 
 
 
 
 
 
 
Depreciation, intangible amortization and impairments
23.3

 
4.0

 
3.9

 
31.2

Other operating expenses
154.9

 
181.4

 
31.6

 
367.9

 
178.2

 
185.4

 
35.5

 
399.1

Operating income
66.7

 
106.5

 
20.8

 
194.0

Income from equity method investments
37.0

 
5.6

 
3.6

 
46.2

Other non-operating (income) and expenses:
 
 
 
 
 
 
 
Investment and other income
(5.5
)
 
(2.4
)
 
(0.3
)
 
(8.2
)
Interest expense
9.0

 
6.9

 
1.7

 
17.6

Imputed interest expense and contingent payment arrangements
10.3

 
10.3

 
1.9

 
22.5

 
13.8

 
14.8

 
3.3

 
31.9

Income before income taxes
89.9

 
97.3

 
21.1

 
208.3

Income taxes
21.9

 
22.7

 
4.3

 
48.9

Net income
68.0

 
74.6

 
16.8

 
159.4

Net income (non-controlling interests)
(32.1
)
 
(40.5
)
 
(9.6
)
 
(82.2
)
Net income (controlling interest)
$
35.9

 
$
34.1

 
$
7.2

 
$
77.2

Total assets as of December 31, 2013
$
3,196.5

 
$
2,448.4

 
$
673.9

 
$
6,318.8

Total assets as of March 31, 2014
$
3,123.2

 
$
2,774.8

 
$
722.9

 
$
6,620.9