Waddell & Reed Financial, Inc. Announces September 30, 2020 Assets Under Management

OVERLAND PARK, Kan.--()--Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management of $67.9 billion for the month ended September 30, 2020, compared to $70.3 billion on August 31, 2020.

Assets Under Management
($ in Millions)

Preliminary

 

Month Ended September 30, 2020

 

Retail

 

Institutional

 

Total

 
Beginning assets

$

66,980

 

$

3,321

 

$

70,301

 

Net flows

 

(593

)

 

(31

)

 

(624

)

Market action

 

(1,706

)

 

(102

)

 

(1,808

)

Ending assets

$

64,681

 

$

3,188

 

$

67,869

 

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.

Contacts

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

Release Summary

Waddell & Reed Financial, Inc. Announces September 30, 2020 Assets Under Management

Contacts

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