Waddell & Reed Financial, Inc. Announces January 31, 2020 Assets Under Management
February 12 2020 - 6:45AM
Business Wire
Waddell & Reed Financial, Inc. (NYSE: WDR) today reported
preliminary assets under management of $69.2 billion for the month
ended January 31, 2020, compared to $70.0 billion on December 31,
2019.
Assets Under
Management
($ in Millions)
Preliminary
Month Ended January 31,
2020
Retail
Institutional
Total
Beginning assets
$
66,862
$
3,096
$
69,958
Net flows
(686
)
(44
)
(730
)
Market action
(21
)
38
17
Ending assets
$
66,155
$
3,090
$
69,245
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/20200212005155/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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