Segment and Geographic Information

12 Months Ended

Dec. 31, 2016

Management has assessed and determined that the Company operates in three business segments representing the Company’s three principal distribution channels: Institutional, Mutual Fund and High Net Worth, each of which has different client relationships. The following table summarizes the Company’s financial results for each of the distribution channels:



	As of and for the Year Ended December 31, 2014
	Institutional		Mutual Fund		High Net Worth		Total
Revenue	$	1,022.8	$	1,242.6	$	245.5	$	2,510.9
Net income (controlling interest)	217.9		172.9		43.1		433.9
Total assets	3,731.4		3,077.5		874.6		7,683.5
Goodwill	1,159.1		1,125.3		368.4		2,652.8
Equity method investments in Affiliates	1,533.8		150.3		99.4		1,783.5



	As of and for the Year Ended December 31, 2015
	Institutional		Mutual Fund		High Net Worth		Total
Revenue	$	979.4	$	1,238.2	$	266.9	$	2,484.5
Net income (controlling interest)	226.4		226.8		56.3		509.5
Total assets	3,717.1		3,070.5		981.8		7,769.4
Goodwill	1,141.3		1,119.5		407.6		2,668.4
Equity method investments in Affiliates	1,609.3		185.7		142.1		1,937.1



	As of and for the Year Ended December 31, 2016
	Institutional		Mutual Fund		High Net Worth		Total
Revenue	$	878.5	$	1,036.0	$	280.1	$	2,194.6
Net income (controlling interest)	246.7		177.8		48.3		472.8
Total assets	4,386.4		3,360.4		1,002.3		8,749.1
Goodwill	1,136.2		1,082.5		409.4		2,628.1
Equity method investments in Affiliates	2,796.9		412.2		159.2		3,368.3

The following table presents Revenue and Fixed Assets, net of the Company by geographic location. Revenue by geographic location is primarily based on the location of an Affiliate.



	For the Years Ended December 31,
	2014		2015		2016
Revenue
United States	$	1,731.5	$	1,657.2	$	1,477.5
United Kingdom	567.1		645.3		566.4
Other	212.3		182.0		150.7
Total	$	2,510.9	$	2,484.5	$	2,194.6



	December 31,
	2014		2015		2016
Fixed Assets, net
United States	$	80.2	$	98.6	$	97.3
United Kingdom	11.9		12.3		9.9
Other	3.3		3.2		2.9
Total	$	95.4	$	114.1	$	110.1

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Publisher FASB
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+ Details