Waddell & Reed Financial, Inc. Announces March 31, 2020 Assets Under Management

The preliminary information included in this news release reflects management's estimate based on currently available information.

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Thursday, April 9, 2020
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Consulting, Banking, Professional services, Finance, Finance, Economy, Money, Primary dealers, Subprime mortgage crisis, Waddell & Reed, Investment management, UBS, Wealth management
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KANSAS, United States
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Summary
Key Points: 
  • 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.
  • Through its subsidiaries, Waddell & Reed Financial, Inc. has provided investment management and wealth management services to clients throughout the United States since 1937.


Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management of $56.0 billion for the month ended March 31, 2020, compared to $65.0 billion on February 29, 2020.

Assets Under Management
($ in Millions)
Preliminary
Month Ended March 31, 2020
Retail Institutional Total
 
Beginning assets

$ 62,165

$ 2,843

$ 65,008

Net flows

(787)

(35)

(822)

Market action

(7,795)

(381)

(8,176)

Ending assets

$ 53,583

$ 2,427

$ 56,010

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.

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