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                                                                    EXHIBIT 23.2
 
                       CONSENT OF INDEPENDENT ACCOUNTANTS
 
   
We consent to the inclusion in Pre-Effective Amendment No. 2 to the registration
statement on Form S-1 (File No. 333-34679) of our report dated April 26, 1997,
except for Note 15 for which the date is August 20, 1997, on our audits of the
financial statements of Affiliated Managers Group, Inc.. We also consent to the
references to our firm under the captions "Experts", "Summary Historical and Pro
Forma and Financial Data" and "Selected Historical Financial Data."
    
 
                                             /s/ COOPERS & LYBRAND L.L.P.
                                          --------------------------------------
                                                 Coopers & Lybrand L.L.P.
 
Boston, Massachusetts
   
October 7, 1997