OVERLAND PARK, Kan.–(BUSINESS WIRE)–Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary
assets under management of $68.6 billion for the month ended May 31,
2019, compared to $72.9 billion on April 30, 2019.
| Assets Under Management | ||||||||||||||||||
| ($ in Millions) | ||||||||||||||||||
| Preliminary | ||||||||||||||||||
| Month Ended May 31, 2019 | ||||||||||||||||||
| Retail | Institutional | Total | ||||||||||||||||
| Beginning assets | $ | 69,025 | $ | 3,868 | $ | 72,893 | ||||||||||||
| Net flows | (630 | ) | (11 | ) | (641 | ) | ||||||||||||
| Market action | (3,372 | ) | (241 | ) | (3,613 | ) | ||||||||||||
| Ending assets | $ | 65,023 | $ | 3,616 | $ | 68,639 | ||||||||||||
Cautionary Statement
The preliminary information included in this news release reflects
management’s estimate based on currently available information. Estimates
are subject to change. Accordingly, you should not place undue reliance
upon this preliminary information.
About the Company
Through its subsidiaries, Waddell & Reed Financial, Inc. has provided
investment management and wealth management services to clients
throughout the United States since 1937. Today, we distribute our
investment products through the unaffiliated channel under the IVY
INVESTMENTS® brand (encompassing broker/dealer, retirement, and
registered investment advisors), our wealth management channel (through
independent financial advisors associated with WADDELL & REED, INC.),
and our institutional channel (including defined benefit plans, pension
plans, endowments and subadvisory relationships). For more
information, visit ir.waddell.com.
Contacts
Investor Contact:
Mike Daley,
VP, Corporate Controller & Investor Relations, (913) 236-1795, [email protected]
Mutual
Fund Investor Contact:
Call (888) WADDELL, or visit www.waddell.com
or www.ivyfunds.com.
