Waddell & Reed Financial, Inc. Announces August 31, 2019 Assets Under Management
September 12 2019 - 6:45AM
Business Wire
Waddell & Reed Financial, Inc. (NYSE: WDR) today reported
preliminary assets under management of $69.6 billion for the month
ended August 31, 2019, compared to $71.5 billion on July 31,
2019.
Assets Under Management ($ in Millions)
Preliminary
Month Ended August 31,
2019
Retail
Institutional
Total
Beginning assets
$
67,614
$
3,890
$
71,504
Net flows
(872
)
(31
)
(903
)
Market action
(943
)
(102
)
(1,045
)
Ending assets
$
65,799
$
3,757
$
69,556
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190912005080/en/
Investor Contact: Mike Daley, VP,
Chief Accounting Officer & Investor Relations (913) 236-1795
mdaley1@waddell.com Mutual Fund Investor
Contact: Call (888) WADDELL or Visit www.waddell.com or
www.ivyinvestments.com
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