Acquisition	3 Months Ended
Mar. 31, 2015
Business Combinations [Abstract]
Acquisition	Acquisition Putnam Retirement Business Description of transaction On January 1, 2015, the Company acquired the retirement business of Putnam, an affiliated entity. The transaction was accounted for as a combination between entities under common control. As such, the assets and liabilities acquired from Putnam were recorded at historical cost as of January 1, 2015. In exchange for cash paid in the amount of $4,114, the Company acquired $11,501 of other assets, assumed $7,895 of other liabilities and recognized a dividend of $508. The 2015 amounts presented are aligned with the new business structure which includes the Putnam retirement business, while the 2014 comparative amounts reflect the previous structure which excludes the Putnam retirement business. J.P. Morgan Retirement Plan Services Description of transaction On August 29, 2014, the Company completed the acquisition of all of the voting equity interests in the J.P. Morgan Retirement Plan Services (“RPS”) large-market record-keeping business. This acquisition transformed the Company, together with Putnam Investments, LLC (“Putnam”), an affiliate of the Company, into the second largest provider based on number of participants in the U.S. defined contribution market. The Company presented the allocation of the purchase price to the amounts of assets acquired, goodwill and liabilities assumed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. Revenues and earnings of the acquiree For the three months ended March 31, 2015, RPS contributed $48,628 in revenue and $1,000 in net income. These amounts are included in the condensed consolidated statements of income for the three months ended March 31, 2015. Pro-forma information Supplementary pro-forma revenue and net earnings for the combined entity, as though the acquisition date for this business combination had occurred on January 1, 2014, has not been included as historical records are not available.

Acquisition

3 Months Ended

Mar. 31, 2015

Putnam Retirement Business

Description of transaction

On January 1, 2015, the Company acquired the retirement business of Putnam, an affiliated entity. The transaction was accounted for as a combination between entities under common control. As such, the assets and liabilities acquired from Putnam were recorded at historical cost as of January 1, 2015. In exchange for cash paid in the amount of $4,114, the Company acquired $11,501 of other assets, assumed $7,895 of other liabilities and recognized a dividend of $508. The 2015 amounts presented are aligned with the new business structure which includes the Putnam retirement business, while the 2014 comparative amounts reflect the previous structure which excludes the Putnam retirement business.

J.P. Morgan Retirement Plan Services

Description of transaction

On August 29, 2014, the Company completed the acquisition of all of the voting equity interests in the J.P. Morgan Retirement Plan Services (“RPS”) large-market record-keeping business. This acquisition transformed the Company, together with Putnam Investments, LLC (“Putnam”), an affiliate of the Company, into the second largest provider based on number of participants in the U.S. defined contribution market. The Company presented the allocation of the purchase price to the amounts of assets acquired, goodwill and liabilities assumed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

Revenues and earnings of the acquiree

For the three months ended March 31, 2015, RPS contributed $48,628 in revenue and $1,000 in net income. These amounts are included in the condensed consolidated statements of income for the three months ended March 31, 2015.

Pro-forma information

Supplementary pro-forma revenue and net earnings for the combined entity, as though the acquisition date for this business combination had occurred on January 1, 2014, has not been included as historical records are not available.