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Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill
The following tables present the change in goodwill and components of acquired client relationships during the six months ended June 30, 2014:
 
 
Goodwill
 
 
Institutional
 
Mutual Fund
 
High Net Worth
 
Total
Balance, as of December 31, 2013
 
$
1,076.3

 
$
928.1

 
$
337.3

 
$
2,341.7

Goodwill acquired
 
49.6

 
60.9

 
39.5

 
150.0

Foreign currency translation
 
(0.9
)
 
0.6

 
(0.4
)
 
(0.7
)
Balance, as of June 30, 2014
 
$
1,125.0

 
$
989.6

 
$
376.4

 
$
2,491.0

Schedule of Changes in the Components of Acquired Client Relationships
 
Acquired Client Relationships
 
Definite-lived
 
Indefinite-lived
 
Total
 
Gross Book
Value
 
Accumulated
Amortization
 
Net Book
Value
 
Net Book
Value
 
Net Book
Value
Balance, as of December 31, 2013
$
1,039.5

 
$
(442.8
)
 
$
596.7

 
$
864.0

 
$
1,460.7

New Investments
149.1

 

 
149.1

 
46.8

 
195.9

Amortization and impairments

 
(55.5
)
 
(55.5
)
 

 
(55.5
)
Foreign currency translation
0.4

 

 
0.4

 
8.1

 
8.5

Balance, as of June 30, 2014
$
1,189.0

 
$
(498.3
)
 
$
690.7

 
$
918.9

 
$
1,609.6