Company Profile For Affiliated Managers Group, Inc.

Affiliated Managers Group, Inc. (AMG.N) (New York Stock Exchange)

sector: Financials · industry: Investment Services ·

As of 8:55pm IST

67.33USD

Price Change

-0.07

Percent Change

-0.10%

Analyst Recommendations

Overview

Affiliated Managers Group, Inc. (AMG) is an asset management company with equity investments in a group of boutique investment management firms (its Affiliates). As of December 31, 2008, through its Affiliates, the Company managed approximately $170.1 billion in assets in more than 300 investment products across a range of asset classes and investment styles in three principal distribution channels: mutual fund, institutional and high net worth. During the year ended December 31, 2008, the Company acquired Gannett Welsh & Kotler, LLC ("GW&K"), an investment management unit of The Bank of New York Mellon.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Affiliated Managers Group, Inc.'s revenues decreased 36% to $597.2M. Net income decreased 58% to $34.9M. Revenues reflect lower income from mutual fund segment, a decrease in revenue from Institutional and High Net Worth segments. Net income also reflects an increase in depreciation & amortization expenses, higher other operating expenses and lower income from equity method investments.