AMG's Executive Vice President and Chief Financial Officer to Highlight Company's Strategy and Growth Record at Boston Conference.

BOSTON -- Darrell W. Crate, Executive Vice President and Chief Financial Officer of Affiliated Managers Group, Inc. (NYSE: AMG), is expected to speak on November 13, 2006 at the JP Morgan Small/Mid Cap Conference in Boston. Mr. Crate is scheduled to address the conference at 11:00 a.m. Eastern time. Joined by Peter W. MacEwen, AMG's Vice President of Capital Planning, Mr. Crate will highlight the Company's business model and investment strategy, 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's remarks.

AMG is an asset management company with equity investments in a diverse group of 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 equity 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. Pro forma for its pending investment in Chicago Equity Partners, AMG's affiliated investment management firms managed $222 billion in assets at September 30, 2006.

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, 2005.

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