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Concentration Risk (Tables)
 9 Months Ended
Sep. 30, 2014
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,
 
 
2014

 
2013

Money market assets
 
32
%
 
40
%
Equity assets
 
44
%
 
36
%
Fixed-income assets
 
23
%
 
23
%
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
 
Nine Months Ended
 
 
September 30,
 
September 30,
(in millions)
 
2014

 
2013

 
2014

 
2013

Revenue
 
$
(101.7
)
 
$
(105.1
)
 
$
(310.7
)
 
$
(284.4
)
Less: Reduction in Distribution expense
 
68.7

 
72.1

 
213.2

 
203.8

Operating income
 
(33.0
)
 
(33.0
)
 
(97.5
)
 
(80.6
)
Less: Reduction in Noncontrolling interests
 
2.8

 
2.7

 
8.0

 
4.8

Pre-tax impact
 
$
(30.2
)
 
$
(30.3
)
 
$
(89.5
)
 
$
(75.8
)