Waddell & Reed Financial, Inc. Announces October 31, 2018 Assets Under Management
Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management of $72.2 billion for the month
ended October 31, 2018, compared to $79.5 billion on September 30, 2018.
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Preliminary |
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Month Ended October 31, 2018 |
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Retail |
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Institutional |
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Total |
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Beginning assets |
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$ |
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74,355 |
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$ |
5,187 |
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$ |
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79,542 |
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Net flows (1) |
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(1,437 |
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84 |
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(1,353 |
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Market action |
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(5,200 |
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(778 |
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(5,978 |
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Ending assets |
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$ |
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67,718 |
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$ |
4,493 |
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$ |
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72,211 |
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(1) Includes client transfers of $0.5 billion from Retail to Institutional during the month.
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 financial
planning services to clients throughout the United States since 1937. Today, we distribute our investment products through
the unaffiliated channel (encompassing broker/dealer, retirement, and registered investment advisors), our broker-dealer channel
(through independent financial advisors), and our Institutional channel (including defined benefit plans, pension plans, endowments
and subadvisory relationships). For more information, visit
ir.waddell.com.
Waddell & Reed Financial, Inc.
Investor Contact:
Michael Daley, 913-236-1795
VP, Investor Relations
mdaley1@wadell.com
or
Mutual Fund Investor Contact:
Call (888) WADDELL, or visit
www.waddell.com or
www.ivyfunds.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20181112005655/en/