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Concentration Risk (Tables)
 3 Months Ended
Mar. 31, 2016
Risks and Uncertainties [Abstract]  
Schedule of Revenue Concentration
The following table summarizes the percentage of total revenue earned from Federated's asset classes for the periods presented:
 
 
Three Months Ended
 
 
March 31,
 
 
2016

 
2015

Money market assets
 
47
%
 
32
%
Equity assets
 
36
%
 
46
%
Fixed-income assets
 
17
%
 
22
%
Voluntary Fee Waivers
The impact of such fee waivers on various components of Federated's Consolidated Statements of Income was as follows for the periods presented:
 
 
Three Months Ended
 
 
March 31,
(in millions)
 
2016

 
2015

Revenue
 
$
(37.5
)
 
$
(94.1
)
Less: Reduction in Distribution expense
 
27.9

 
64.6

Operating income
 
(9.6
)
 
(29.5
)
Less: Reduction in Noncontrolling interests
 
0.2

 
2.5

Pre-tax impact
 
$
(9.4
)
 
$
(27.0
)