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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Investment advisory fees $ 768.3 $ 661.4 $ 2,210.9 $ 1,914.4
Administrative fees 85.4 83.4 258.1 249.0
Distribution and servicing fees 30.5 24.4 84.8 70.3
Net revenue of savings bank subsidiary 0.2 0.5 0.6 1.5
Net revenues 884.4 769.7 2,554.4 2,235.2
Operating expenses        
Compensation and related costs 291.3 263.8 858.7 786.0
Advertising and promotion 15.4 17.5 59.9 63.1
Distribution and servicing costs 30.5 24.4 84.8 70.3
Depreciation and amortization of property and equipment 22.1 20.6 65.5 59.6
Occupancy and facility costs 32.9 31.0 101.0 92.5
Other operating expenses 66.3 53.5 187.2 160.6
Total operating expenses 458.5 410.8 1,357.1 1,232.1
Net operating income 425.9 358.9 1,197.3 1,003.1
Non-operating investment income 11.6 41.4 31.3 53.9
Income before income taxes 437.5 400.3 1,228.6 1,057.0
Provision for income taxes 167.2 153.0 468.6 405.4
Net income $ 270.3 $ 247.3 $ 760.0 $ 651.6
Earnings per share on common stock        
Basic (in dollars per share) $ 1.03 $ 0.97 $ 2.92 $ 2.56
Diluted (in dollars per share) $ 1.00 $ 0.94 $ 2.83 $ 2.48
Dividends declared per share (in dollars per share) $ 0.38 $ 0.34 $ 1.14 $ 1.02