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Waddell & Reed Financial, Inc. Announces May 31, 2020 Assets Under Management

Company Release - 6/10/2020 6:45 AM ET

OVERLAND PARK, Kan.--(BUSINESS WIRE)-- Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management of $64.0 billion for the month ended May 31, 2020, compared to $60.9 billion on April 30, 2020.

Assets Under Management
($ in Millions)
Preliminary
Month Ended May 31, 2020
Retail InstitutionalTotal
 
Beginning assets

$

58,135

 

$

2,791

 

$

60,926

 

Net flows

 

(261

)

 

(41

)

 

(302

)

Market action

 

3,098

 

 

248

 

 

3,346

 

Ending assets

$

60,972

 

$

2,998

 

$

63,970

 

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, [email protected]

Mutual Fund Investor Contact:
Call (888) WADDELL, or visit www.waddell.comor www.ivyinvestments.com.

Source: Waddell & Reed Financial, Inc.

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