Exhibit 12

Manning & Napier, Inc.

Consolidated Ratio of Earnings to Fixed Charges

	Six months ended
	June 30,			Fiscal Year Ended December 31,
	2013			2012			2011			2010			2009			2008
	(dollars in thousands)
Earnings
Net income (loss) attributable to Manning & Napier Inc. shareholders	$	604		$	2,469		$	(27,167	)	$	—		$	—		$	—
Net income (loss) attributable to noncontrolling interest		34,385			73,950			(79,249	)		53,098			54,425			58,992
Income tax expense		4,577			8,160			1,982			712			360			374
Fixed charges		449			938			46,645			61,921			10,779			7,520
Total earnings	$	40,015		$	85,517		$	(57,789	)	$	115,731		$	65,564		$	66,886
Fixed charges
Interest expense	$	6		$	38		$	31		$	16		$	125		$	174
Interest expense on shares subject to mandatory redemption		—			—			45,833			61,243			9,991			6,707
Estimate of interest as a component of rental expense (B)		443			900			781			662			663			639
Fixed charges	$	449		$	938		$	46,645		$	61,921		$	10,779		$	7,520
Ratio of earnings to fixed charges		89.1	x		91.2	x		(A	)		1.9	x		6.1	x		8.9	x
(A)        Due to the company's losses in 2011, the ratio coverage in this year was less than 1:1. The company would have had to               generate additional earnings of $104,434 to achieve coverage of 1:1 in that year. (B)        The interest component of rental expense was estimated at one-fourth of rental expense