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    <link:label id="lab_us-gaap_CustomerRelationshipsMember_0B77D2D8409663DAEA3116B19F2144E6_terseLabel_en-US" xlink:label="lab_us-gaap_CustomerRelationshipsMember_0B77D2D8409663DAEA3116B19F2144E6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquired Client Relationships (Net)</link:label>
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    <link:label id="lab_us-gaap_StatementOfCashFlowsAbstract_E0A9D5DCBC97556EA90B16B1A09620C0_label_en-US" xlink:label="lab_us-gaap_StatementOfCashFlowsAbstract_E0A9D5DCBC97556EA90B16B1A09620C0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Cash Flows [Abstract]</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_E0A9D5DCBC97556EA90B16B1A09620C0" xlink:to="lab_us-gaap_StatementOfCashFlowsAbstract_E0A9D5DCBC97556EA90B16B1A09620C0" xlink:type="arc" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_35B0CBE4791047426EBE16B1A09613E0_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_35B0CBE4791047426EBE16B1A09613E0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities [Abstract]</link:label>
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    <link:label id="lab_us-gaap_ProfitLoss_20B10B21C3238C7F693D16B1A09660FC_terseLabel_en-US" xlink:label="lab_us-gaap_ProfitLoss_20B10B21C3238C7F693D16B1A09660FC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net income</link:label>
    <link:label id="lab_us-gaap_ProfitLoss_20B10B21C3238C7F693D16B1A09660FC_label_en-US" xlink:label="lab_us-gaap_ProfitLoss_20B10B21C3238C7F693D16B1A09660FC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Income (Loss), Including Portion Attributable to Noncontrolling Interest</link:label>
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    <link:label id="lab_amg_AmortizationandImpairmentsofIntangibleAssets_286B892E3B2AFF96BBBD16B1A0971AD0_terseLabel_en-US" xlink:label="lab_amg_AmortizationandImpairmentsofIntangibleAssets_286B892E3B2AFF96BBBD16B1A0971AD0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intangible amortization and impairments</link:label>
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    <link:label id="lab_amg_AmortizationandImpairmentsofIntangibleAssets_286B892E3B2AFF96BBBD16B1A0971AD0_documentation_en-US" xlink:label="lab_amg_AmortizationandImpairmentsofIntangibleAssets_286B892E3B2AFF96BBBD16B1A0971AD0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amortization and Impairments of Intangible Assets</link:label>
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    <link:label id="lab_amg_DepreciationAndOtherAmortization_F9347001D5B35C0CAFB916B1A0971730_documentation_en-US" xlink:label="lab_amg_DepreciationAndOtherAmortization_F9347001D5B35C0CAFB916B1A0971730" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The aggregate expense charged against earnings to allocate the cost of tangible assets to periods in which the assets are used and held and to allocate the cost of issuing debt to periods in which the debt is outstanding. As a noncash expense, this element is added back to net income when calculating cash provided by (used in) operations using the indirect method.</link:label>
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    <link:label id="lab_us-gaap_DeferredIncomeTaxExpenseBenefit_BFEC1E23BE4D3FF8D6B816B1A097EBB3_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxExpenseBenefit_BFEC1E23BE4D3FF8D6B816B1A097EBB3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred income tax provision</link:label>
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    <link:label id="lab_us-gaap_IncomeLossFromEquityMethodInvestments_4216202805D0C01DE9D616B1A0985DBE_label_en-US" xlink:label="lab_us-gaap_IncomeLossFromEquityMethodInvestments_4216202805D0C01DE9D616B1A0985DBE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income (Loss) from Equity Method Investments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestments_4216202805D0C01DE9D616B1A0985DBE" xlink:type="locator" />
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    <link:label id="lab_amg_SharebasedCompensationandAffiliateEquityExpense_AC550F5CC653BC5D358916B1A0981E42_terseLabel_en-US" xlink:label="lab_amg_SharebasedCompensationandAffiliateEquityExpense_AC550F5CC653BC5D358916B1A0981E42" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based compensation and Affiliate equity expense</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_FB83B61CC51D221B46C716B1A0998903" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingLiabilities_896DDC0952539E1F0FE516B1A09AF3AB" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_75D3E1F8AE661019BA5A16B1A09A2F88_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_75D3E1F8AE661019BA5A16B1A09A2F88" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_75D3E1F8AE661019BA5A16B1A09A2F88" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_75D3E1F8AE661019BA5A16B1A09A2F88" xlink:type="arc" />
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_A39B17D87462BA2EAFAA16B1A09A948C" xlink:to="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_A39B17D87462BA2EAFAA16B1A09A948C" xlink:type="arc" />
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    <link:label id="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_243DBD9DDAA11F8ECF9916B1A09B9CB3_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_243DBD9DDAA11F8ECF9916B1A09B9CB3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchase of fixed assets</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_243DBD9DDAA11F8ECF9916B1A09B9CB3" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsToAcquireMarketableSecurities" xlink:label="loc_us-gaap_PaymentsToAcquireMarketableSecurities_9FE67772804EDE180AEA16B1A09BA539" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_561C0090AA3D9D7F65B016B1A09BF86A_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_561C0090AA3D9D7F65B016B1A09BF86A" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Cash flow from (used in) investing activities</link:label>
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    <link:label id="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_D1597D8A44A2966A67BD16B1A09ED5E7_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_D1597D8A44A2966A67BD16B1A09ED5E7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other financing items</link:label>
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    <link:label id="lab_amg_VariableInterestEntitiesDisclosureTextBlock_9C5B84147E72EA77EC4516B1A06183A4_terseLabel_en-US" xlink:label="lab_amg_VariableInterestEntitiesDisclosureTextBlock_9C5B84147E72EA77EC4516B1A06183A4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments in Affiliates and Affiliate Sponsored Investment Products</link:label>
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    <link:label id="lab_amg_VariableInterestEntitiesDisclosureTextBlock_9C5B84147E72EA77EC4516B1A06183A4_documentation_en-US" xlink:label="lab_amg_VariableInterestEntitiesDisclosureTextBlock_9C5B84147E72EA77EC4516B1A06183A4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the disclosure of variable interest entities (VIE), including, but not limited to the nature, purpose, size, and activities of the VIE, the carrying amount and classification of consolidated assets that are collateral for the VIE's obligations, lack of recourse if creditors (or beneficial interest holders) of a consolidated VIE have no recourse to the general credit of the primary beneficiary. Which also include information related to Sponsored Investment Funds and Trust Preferred Vehicles related to variable interest entities (VIE).</link:label>
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    <link:label id="lab_us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock_A276019CA2089A54841916B1A071ADA3_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock_A276019CA2089A54841916B1A071ADA3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments in Marketable Securities</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock" xlink:label="loc_us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock_A276019CA2089A54841916B1A071ADA3" xlink:type="locator" />
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    <link:label id="lab_us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock_61B8CAB1969FB19800F016B19F380862_terseLabel_en-US" xlink:label="lab_us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock_61B8CAB1969FB19800F016B19F380862" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Goodwill and Acquired Client Relationships</link:label>
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    <link:label id="lab_us-gaap_NoncontrollingInterestAbstract_C88339B9E0D79267318B16B19E6A2817_label_en-US" xlink:label="lab_us-gaap_NoncontrollingInterestAbstract_C88339B9E0D79267318B16B19E6A2817" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NoncontrollingInterestAbstract" xlink:label="loc_us-gaap_NoncontrollingInterestAbstract_C88339B9E0D79267318B16B19E6A2817" xlink:type="locator" />
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    <link:label id="lab_us-gaap_MinorityInterestTable_4F6A718A3271C2C6F0C016B19E6BC927_label_en-US" xlink:label="lab_us-gaap_MinorityInterestTable_4F6A718A3271C2C6F0C016B19E6BC927" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_MinorityInterestTable" xlink:label="loc_us-gaap_MinorityInterestTable_4F6A718A3271C2C6F0C016B19E6BC927" xlink:type="locator" />
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    <link:label id="lab_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_70CF832642C379A9DE4316B19E6C938F_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_70CF832642C379A9DE4316B19E6C938F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entities [Axis]</link:label>
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    <link:label id="lab_us-gaap_ClassificationOfVariableInterestEntityDomain_5D88CDA9A7C7C80E2B5D16B19E6C7D76_terseLabel_en-US" xlink:label="lab_us-gaap_ClassificationOfVariableInterestEntityDomain_5D88CDA9A7C7C80E2B5D16B19E6C7D76" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Variable Interest Entity, Classification [Domain]</link:label>
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    <link:label id="lab_amg_IncomeTaxExpenseFromControllingInterestToPretaxIncomeFromContinuedOperationsAttributableToControllingInterestRatio_03CF882741082712A68916B19E0BE84E_terseLabel_en-US" xlink:label="lab_amg_IncomeTaxExpenseFromControllingInterestToPretaxIncomeFromContinuedOperationsAttributableToControllingInterestRatio_03CF882741082712A68916B19E0BE84E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Effective tax rate (controlling interest)</link:label>
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    <link:label id="lab_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_100CB77A53EAD41CED1016B19EAA56A7_label_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_100CB77A53EAD41CED1016B19EAA56A7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_100CB77A53EAD41CED1016B19EAA56A7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_100CB77A53EAD41CED1016B19EAA56A7" xlink:to="lab_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_100CB77A53EAD41CED1016B19EAA56A7" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_ADB30FA89A4F3A9298D616B19EAAEB3E_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_ADB30FA89A4F3A9298D616B19EAAEB3E" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Options forfeited (in shares)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_ADB30FA89A4F3A9298D616B19EAAEB3E_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_ADB30FA89A4F3A9298D616B19EAAEB3E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_ADB30FA89A4F3A9298D616B19EAAEB3E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_ADB30FA89A4F3A9298D616B19EAAEB3E" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_ADB30FA89A4F3A9298D616B19EAAEB3E" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_53A39AF637A4AA664C8C16B19EAA0344_periodEndLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_53A39AF637A4AA664C8C16B19EAA0344" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Unexercised options outstanding - December 31, 2018 (in shares)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_53A39AF637A4AA664C8C16B19EAA0344" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_53A39AF637A4AA664C8C16B19EAA0344" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_53A39AF637A4AA664C8C16B19EAA0344" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_E32F410F3F4E74C54CB416B19EAB7C05_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_E32F410F3F4E74C54CB416B19EAB7C05" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercisable at December 31, 2018 (in shares)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_E32F410F3F4E74C54CB416B19EAB7C05_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_E32F410F3F4E74C54CB416B19EAB7C05" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_E32F410F3F4E74C54CB416B19EAB7C05" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_E32F410F3F4E74C54CB416B19EAB7C05" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_E32F410F3F4E74C54CB416B19EAB7C05" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_E501341A57E4657798FB16B19EAB8AAB_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_E501341A57E4657798FB16B19EAB8AAB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted Average Exercise Price</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_E501341A57E4657798FB16B19EAB8AAB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_E501341A57E4657798FB16B19EAB8AAB" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_E501341A57E4657798FB16B19EAB8AAB" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_847916B4A681A47E13D516B19EAB68C2_periodStartLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_847916B4A681A47E13D516B19EAB68C2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Unexercised options outstanding - December 31, 2017 (in usd per share)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_847916B4A681A47E13D516B19EAB68C2_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_847916B4A681A47E13D516B19EAB68C2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_847916B4A681A47E13D516B19EAB68C2" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_F351A808E7F77A6C900416B19EAB2815_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_F351A808E7F77A6C900416B19EAB2815" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Options granted (in usd per share)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_F351A808E7F77A6C900416B19EAB2815_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_F351A808E7F77A6C900416B19EAB2815" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_F351A808E7F77A6C900416B19EAB2815" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_F351A808E7F77A6C900416B19EAB2815" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_F351A808E7F77A6C900416B19EAB2815" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_5E409E2B71456F42B8A216B19EABE125_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_5E409E2B71456F42B8A216B19EABE125" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Options exercised (in usd per share)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_5E409E2B71456F42B8A216B19EABE125_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_5E409E2B71456F42B8A216B19EABE125" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_5E409E2B71456F42B8A216B19EABE125" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_5E409E2B71456F42B8A216B19EABE125" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_5E409E2B71456F42B8A216B19EABE125" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_87CFCB0658B0EE9E35BC16B19EAC187E_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_87CFCB0658B0EE9E35BC16B19EAC187E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Options forfeited (in usd per share)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_87CFCB0658B0EE9E35BC16B19EAC187E_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_87CFCB0658B0EE9E35BC16B19EAC187E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_87CFCB0658B0EE9E35BC16B19EAC187E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_87CFCB0658B0EE9E35BC16B19EAC187E" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_87CFCB0658B0EE9E35BC16B19EAC187E" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_7F481E608ED1A799E7C616B19EAC2DCB_periodEndLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_7F481E608ED1A799E7C616B19EAC2DCB" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Unexercised stock options outstanding - December 31, 2018 (in usd per share)</link:label>
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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_3BC0AEFA5C836622586016B19EAC002D_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_3BC0AEFA5C836622586016B19EAC002D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercisable stock options at December 31, 2018 (in usd per share)</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_3BC0AEFA5C836622586016B19EAC002D" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract_EFE4E6DA9A3109A1DA0616B19EAC798B" xlink:type="locator" />
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    <link:label id="lab_amg_NumberOfDebtInstrumentsOutstanding_E7E760CAC238C95BFBCC16B19FC884DF_label_en-US" xlink:label="lab_amg_NumberOfDebtInstrumentsOutstanding_E7E760CAC238C95BFBCC16B19FC884DF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of Debt Instruments, Outstanding</link:label>
    <link:label id="lab_amg_NumberOfDebtInstrumentsOutstanding_E7E760CAC238C95BFBCC16B19FC884DF_documentation_en-US" xlink:label="lab_amg_NumberOfDebtInstrumentsOutstanding_E7E760CAC238C95BFBCC16B19FC884DF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the number of debt instruments outstanding during the period.</link:label>
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    <link:label id="lab_amg_JuniorConvertibleTrustPreferredSecuritiesMember_B219B3ABB5440F5BEB6D16B19FAD883B_verboseLabel_en-US" xlink:label="lab_amg_JuniorConvertibleTrustPreferredSecuritiesMember_B219B3ABB5440F5BEB6D16B19FAD883B" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Junior Convertible Securities</link:label>
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    <link:label id="lab_us-gaap_DividendsCommonStockCash_11DBA0C489D9947A32B216B1A0B4C7CC_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_DividendsCommonStockCash_11DBA0C489D9947A32B216B1A0B4C7CC" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Dividends ($0.80 and $1.20 per share)</link:label>
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    <link:label id="lab_amg_AffiliateEquityAbstract_4A806CA7F19B9CFD284E16B1A0B4A2EB_terseLabel_en-US" xlink:label="lab_amg_AffiliateEquityAbstract_4A806CA7F19B9CFD284E16B1A0B4A2EB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Affiliate equity activity:</link:label>
    <link:loc xlink:href="amg-20181231.xsd#amg_AffiliateEquityAbstract" xlink:label="loc_amg_AffiliateEquityAbstract_4A806CA7F19B9CFD284E16B1A0B4A2EB" xlink:type="locator" />
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    <link:loc xlink:href="amg-20181231.xsd#amg_AffiliateEquityCompensationExpenseIncludingPortionAttributabletoNoncontrollingInterest" xlink:label="loc_amg_AffiliateEquityCompensationExpenseIncludingPortionAttributabletoNoncontrollingInterest_6BFDC5C0285A43A0782716B1A0B4CF4F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance_8CFE923E1E0B78A9B47416B1A0B4EE06_terseLabel_en-US" xlink:label="lab_us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance_8CFE923E1E0B78A9B47416B1A0B4EE06" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issuances</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:label="loc_us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance_8CFE923E1E0B78A9B47416B1A0B4EE06" xlink:type="locator" />
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    <link:label id="lab_amg_NoncontrollingInterestIncreaseDecreasefromPurchaseofInterests_3CE4027CF24E8EA261E216B1A0B552B0_negatedTerseLabel_en-US" xlink:label="lab_amg_NoncontrollingInterestIncreaseDecreasefromPurchaseofInterests_3CE4027CF24E8EA261E216B1A0B552B0" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repurchases</link:label>
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