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Segment Information - Schedule of Segment Information (Details) (USD $)
In Millions, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Segment
Channel
Sep. 30, 2013
Dec. 31, 2013
Segment Reporting [Abstract]          
Number of operating segments     3    
Number of principal distribution channels     3    
Statements of Income          
Revenue $ 640.3 $ 551.6 $ 1,869.7 $ 1,594.8  
Operating expenses:          
Depreciation, intangible amortization and impairments 33.2 36.1 96.5 108.4  
Other operating expenses 382.9 346.4 1,156.6 1,005.4  
Total operating expenses 416.1 382.5 1,253.1 1,113.8  
Operating income 224.2 169.1 616.6 481.0  
Income from equity method investments 50.1 34.1 152.6 121.0  
Other non-operating (income) and expenses:          
Investment and other income (2.6) (8.0) (19.2) (20.0)  
Interest expense 19.0 19.9 56.7 68.5  
Imputed interest expense and contingent payment arrangements 2.8 3.9 27.6 26.5  
Total non-operating (income) and expenses 19.2 15.8 65.1 75.0  
Income before income taxes 255.1 187.4 704.1 527.0  
Income taxes 64.1 31.0 174.7 106.6  
Net income 191.0 156.4 529.4 420.4  
Net income (non-controlling interests) (86.7) (81.2) (247.9) (218.1)  
Net income (controlling interest) 104.3 75.2 281.5 202.3  
Balance Sheet Information          
Total assets 6,884.2   6,884.2   6,318.8
Institutional
          
Statements of Income          
Revenue 256.1 229.1 766.2 694.6  
Operating expenses:          
Depreciation, intangible amortization and impairments 25.3 17.6 72.1 57.1  
Other operating expenses 151.0 140.3 470.9 429.8  
Total operating expenses 176.3 157.9 543.0 486.9  
Operating income 79.8 71.2 223.2 207.7  
Income from equity method investments 40.7 27.7 124.6 102.1  
Other non-operating (income) and expenses:          
Investment and other income (1.0) (3.9) (11.3) (9.8)  
Interest expense 9.5 10.6 29.2 38.4  
Imputed interest expense and contingent payment arrangements 0.4 1.2 10.9 8.2  
Total non-operating (income) and expenses 8.9 7.9 28.8 36.8  
Income before income taxes 111.6 91.0 319.0 273.0  
Income taxes 28.2 17.9 79.4 60.6  
Net income 83.4 73.1 239.6 212.4  
Net income (non-controlling interests) (37.1) (33.3) (107.8) (97.8)  
Net income (controlling interest) 46.3 39.8 131.8 114.6  
Balance Sheet Information          
Total assets 3,235.4   3,235.4   3,196.5
Mutual Fund
          
Statements of Income          
Revenue 319.6 268.0 921.5 741.5  
Operating expenses:          
Depreciation, intangible amortization and impairments 3.5 15.6 12.3 42.0  
Other operating expenses 196.8 174.7 585.8 483.2  
Total operating expenses 200.3 190.3 598.1 525.2  
Operating income 119.3 77.7 323.4 216.3  
Income from equity method investments 5.6 4.0 16.5 11.7  
Other non-operating (income) and expenses:          
Investment and other income (1.5) (3.8) (7.0) (9.2)  
Interest expense 7.6 7.3 21.9 23.5  
Imputed interest expense and contingent payment arrangements 2.1 2.5 14.4 16.7  
Total non-operating (income) and expenses 8.2 6.0 29.3 31.0  
Income before income taxes 116.7 75.7 310.6 197.0  
Income taxes 30.1 8.8 79.7 34.6  
Net income 86.6 66.9 230.9 162.4  
Net income (non-controlling interests) (38.5) (39.1) (107.8) (95.2)  
Net income (controlling interest) 48.1 27.8 123.1 67.2  
Balance Sheet Information          
Total assets 2,871.4   2,871.4   2,448.4
High Net Worth
          
Statements of Income          
Revenue 64.6 54.5 182.0 158.7  
Operating expenses:          
Depreciation, intangible amortization and impairments 4.4 2.9 12.1 9.3  
Other operating expenses 35.1 31.4 99.9 92.4  
Total operating expenses 39.5 34.3 112.0 101.7  
Operating income 25.1 20.2 70.0 57.0  
Income from equity method investments 3.8 2.4 11.5 7.2  
Other non-operating (income) and expenses:          
Investment and other income (0.1) (0.3) (0.9) (1.0)  
Interest expense 1.9 2.0 5.6 6.6  
Imputed interest expense and contingent payment arrangements 0.3 0.2 2.3 1.6  
Total non-operating (income) and expenses 2.1 1.9 7.0 7.2  
Income before income taxes 26.8 20.7 74.5 57.0  
Income taxes 5.8 4.3 15.6 11.4  
Net income 21.0 16.4 58.9 45.6  
Net income (non-controlling interests) (11.1) (8.8) (32.3) (25.1)  
Net income (controlling interest) 9.9 7.6 26.6 20.5  
Balance Sheet Information          
Total assets $ 777.4   $ 777.4   $ 673.9