ASSET ADMINISTRATION SEGMENT The Asset Administration segment includes the operating results and financial position of AWM and its subsidiaries. The following table presents the operating results for the Asset Administration segment: TABLE 9: RESULTS OF OPERATIONS – ASSET ADMINISTRATION SEGMENT Quarter ended  Quarter ended  Quarter ended  Year ended  Year ended (in millions) Dec. 31, 2012  Sept. 30, 2012  Dec. 31, 2011  Dec. 31, 2012  Dec. 31, 2011 Administration fees  $55.2  $52.6  $52.5  $220.7  $226.2 Other revenue  3.7  3.6  3.8  15.0  15.6 Total revenue $58.9  $56.2  $56.3  $235.7  $241.8 Selling, general and administrative  $13.6  $12.3  $12.9  $52.7  $54.8 Investment dealer fees  43.6  41.3  41.5  174.5  179.5 Amortization of fund contracts  0.4  0.4  0.4  1.6  1.5 Other expenses  0.8  0.8  0.2  3.2  2.8 Total expenses  $58.4  $54.8  $55.0  $232.0  $238.6 Income before taxes  and non-segmented items  $0.5  $1.4  $1.3  $3.7  $3.2 YEAR ENDED DECEMBER 31, 2012  Revenues Administration fees are earned on assets under administration in the AWM business and from the administration of third- party business. These fees were $220.7 million for the year ended December 31, 2012, a decrease of 2% from $226.2 million for  the same period last year. Net of inter-segment amounts, administration fee revenue was $126.0 million for the year ended  December 31, 2012, down from $132.3 million for the year ended December 31, 2011. The decrease from the prior year is a  result of lower commission revenue earned on the sale of mutual funds and other securities. Administration fees should be  considered in conjunction with investment dealer fees, an expense that represents the payout to fi nancial advisors. Other revenues earned by the Asset Administration segment are generally derived from non-advisor related activities.  For 2012, other revenues were $15.0 million, decreasing slightly from $15.6 million for 2011. 34