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8-K - FORM 8-K - WADDELL & REED FINANCIAL INCtm2011836-3_8k.htm

 

Exhibit 99.1

 

 

 

News Release

 

 

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

 

Overland Park, KS, April 9, 2020 – Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management of $56.0 billion for the month ended March 31, 2020, compared to $65.0 billion on February 29, 2020.

 

Assets Under Management            
($ in Millions)            
       Preliminary     
   Month Ended March 31, 2020 
   Retail   Institutional   Total 
Beginning assets  $62,165   $2,843   $65,008 
Net flows   (787)   (35)   (822)
Market action   (7,795)   (381)   (8,176)
Ending assets  $53,583   $2,427   $56,010 

 

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.

 

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.

 

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.