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Concentration Risk (Tables)
 9 Months Ended
Sep. 30, 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:
 
 
Nine Months Ended
 
 
September 30,
 
 
2016

 
2015

Money market assets
 
46
%
 
32
%
Equity assets
 
38
%
 
47
%
Fixed-income assets
 
16
%
 
21
%
Voluntary Fee Waivers
The impact of Voluntary Yield-related Fee Waivers on various components of Federated's Consolidated Statements of Income was as follows for the periods presented:
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
(in millions)
 
2016

 
2015

 
2016

 
2015

Revenue
 
$
(18.0
)
 
$
(83.3
)
 
$
(76.8
)
 
$
(261.6
)
Less: Reduction in Distribution expense
 
13.8

 
61.3

 
58.2

 
186.1

Operating income
 
(4.2
)
 
(22.0
)
 
(18.6
)
 
(75.5
)
Less: Reduction in Noncontrolling interests
 
0.0

 
1.7

 
0.0

 
6.0

Pre-tax impact
 
$
(4.2
)
 
$
(20.3
)
 
$
(18.6
)
 
$
(69.5
)