Segment Information (Tables)

3 Months Ended

Mar. 31, 2014

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

- 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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