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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flow from (used in) operating activities:    
Net income $ 220.7us-gaap_ProfitLoss $ 159.4us-gaap_ProfitLoss
Adjustments to reconcile Net income to net Cash flow from operating activities:    
Intangible amortization and impairments 27.8us-gaap_AmortizationOfIntangibleAssets 27.4us-gaap_AmortizationOfIntangibleAssets
Depreciation and other amortization 4.4amg_DepreciationAndOtherAmortization 3.8amg_DepreciationAndOtherAmortization
Deferred income tax provision 34.1us-gaap_DeferredIncomeTaxExpenseBenefit 15.1us-gaap_DeferredIncomeTaxExpenseBenefit
Imputed interest expense and contingent payment arrangements (27.2)amg_ImputedInterestExpenseAndContingentPaymentArrangements 22.5amg_ImputedInterestExpenseAndContingentPaymentArrangements
Income from equity method investments, net of amortization (53.1)us-gaap_IncomeLossFromEquityMethodInvestments (46.2)us-gaap_IncomeLossFromEquityMethodInvestments
Distributions received from equity method investments 153.8us-gaap_EquityMethodInvestmentDividendsOrDistributions 208.2us-gaap_EquityMethodInvestmentDividendsOrDistributions
Share-based compensation and Affiliate equity expense 17.3us-gaap_ShareBasedCompensation 14.1us-gaap_ShareBasedCompensation
Other non-cash items 2.7us-gaap_OtherNoncashIncomeExpense 8.8us-gaap_OtherNoncashIncomeExpense
Changes in assets and liabilities:    
Increase in receivables (72.4)us-gaap_IncreaseDecreaseInAccountsReceivable (66.5)us-gaap_IncreaseDecreaseInAccountsReceivable
(Increase) decrease in other assets (5.6)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 1.9us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Decrease in payables, accrued liabilities and other liabilities (183.4)us-gaap_IncreaseDecreaseInOperatingLiabilities (50.8)us-gaap_IncreaseDecreaseInOperatingLiabilities
Cash flow from operating activities 119.1us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 297.7us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flow from (used in) investing activities:    
Investments in Affiliates 0us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates (108.9)us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates
Purchase of fixed assets (4.7)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (4.1)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Purchase of investment securities (1.4)us-gaap_PaymentsToAcquireMarketableSecurities (2.5)us-gaap_PaymentsToAcquireMarketableSecurities
Sale of investment securities 1.8us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities 1.2us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities
Cash flow used in investing activities (4.3)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (114.3)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flow from (used in) financing activities:    
Borrowings of senior debt 523.3us-gaap_ProceedsFromLongTermLinesOfCredit 696.5us-gaap_ProceedsFromLongTermLinesOfCredit
Repayments of senior debt and convertible securities (496.0)us-gaap_RepaymentsOfLongTermLinesOfCredit (425.6)us-gaap_RepaymentsOfLongTermLinesOfCredit
Issuance of common stock 43.6us-gaap_ProceedsFromIssuanceOfCommonStock 6.8us-gaap_ProceedsFromIssuanceOfCommonStock
Repurchase of common stock (197.8)us-gaap_PaymentsForRepurchaseOfCommonStock 0us-gaap_PaymentsForRepurchaseOfCommonStock
Note and contingent payments 5.9us-gaap_ProceedsFromRepaymentsOfOtherLongTermDebt 5.1us-gaap_ProceedsFromRepaymentsOfOtherLongTermDebt
Distributions to non-controlling interests (114.6)us-gaap_PaymentsOfDividendsMinorityInterest (219.0)us-gaap_PaymentsOfDividendsMinorityInterest
Affiliate equity issuances and repurchases (13.1)amg_ProceedsFromPaymentsForAffiliateEquityIssuancesAndRepurchases 0.2amg_ProceedsFromPaymentsForAffiliateEquityIssuancesAndRepurchases
Excess tax benefit from share-based compensation 34.5us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 33.1us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Other financing items (3.3)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (3.0)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Cash flow from (used in) financing activities (217.5)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 94.1us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of foreign exchange rate changes on cash and cash equivalents (9.7)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations 0us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
Net decrease in cash and cash equivalents (112.4)us-gaap_NetCashProvidedByUsedInContinuingOperations 277.5us-gaap_NetCashProvidedByUsedInContinuingOperations
Cash and cash equivalents at beginning of period 550.6us-gaap_CashAndCashEquivalentsAtCarryingValue 469.6us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 438.2us-gaap_CashAndCashEquivalentsAtCarryingValue 747.1us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of non-cash financing activities:    
Settlement of 2006 junior convertible securities 0amg_StockIssuedinSettlementofJuniorTrustPreferredSecurities 217.8amg_StockIssuedinSettlementofJuniorTrustPreferredSecurities
Stock issued under other incentive plans 9.5amg_StockIssuedUnderOtherIncentivePlans 61.6amg_StockIssuedUnderOtherIncentivePlans
Stock received in settlement of liability 3.1amg_StockReceivedinSettlementofLiability 44.0amg_StockReceivedinSettlementofLiability
Payables recorded for Affiliate equity repurchases $ 12.9amg_PayablesRecordedUnderContingentPaymentArrangements $ 55.2amg_PayablesRecordedUnderContingentPaymentArrangements