Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management of $60.9 billion for the month ended April 30, 2020, compared to $56.0 billion on March 31, 2020.

Assets Under Management ($ in Millions)   Preliminary   Month Ended April 30, 2020   Retail Institutional Total     Beginning assets  

$ 53,583

$ 2,427

$ 56,010

Net flows  

(438)

7

(431)

Market action  

4,990

357

5,347

Ending assets  

$ 58,135

$ 2,791

$ 60,926

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.

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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