AMG's Chairman and Chief Executive Officer to Highlight Company's Strategy and Growth Record at New York Conference.

Business/Technology Editors

BOSTON--(BUSINESS WIRE)--Sept. 7, 2001

William J. Nutt, Chairman and Chief Executive Officer of Affiliated Managers Group, Inc. (NYSE: AMG), is expected to speak on September 11 at the 2001 Merrill Lynch Banking and Financial Services Investor Conference. Mr. Nutt is scheduled to address the conference at 2:15 p.m. Eastern Time. He will highlight the Company's business model and investment strategy, including its recent investments, as well as the growth record of AMG and its Affiliates.

AMG will provide a live audio transmission of the comments through its Web site at www.amg.com. A replay of the webcast will also be available through AMG's Web site shortly after the conclusion of management remarks, and can be heard through September 18, 2001.

AMG is an asset management company that addresses the succession and transition issues facing the principals of growing mid-sized investment management firms. AMG's strategy is to generate growth through the internal growth of its existing Affiliates, as well as through investments in new Affiliates. AMG's innovative transaction structure allows individual members of each Affiliate's management team to retain or receive significant direct ownership in their firm while maintaining operating autonomy. In addition, AMG provides centralized assistance to its Affiliates in strategic matters, marketing, distribution, product development and operations. AMG's affiliated investment management firms managed approximately $74 billion in assets at June 30, 2001, not including its pending investments in Welch & Forbes, Inc. or Friess Associates, Inc.

Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including changes in the securities or financial markets or in general economic conditions, the availability of equity and debt financing, competition for acquisitions of interests in investment management firms, the ability to complete pending acquisitions, the investment performance of our Affiliates and their ability to effectively market their investment strategies, and other risks detailed from time to time in AMG's filings with the Securities and Exchange Commission. Reference is hereby made to the "Cautionary Statements" set forth in the Company's Form 10-K for the year ended December 31, 2000.

For more information on Affiliated Managers Group, Inc., please visit AMG's Web site at www.amg.com.