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| Type: | Actions |
| Ticker: | WDR |
| ISIN: |
Waddell & Reed Financial, Inc. Announces November 30, 2019 Assets Under Management
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Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management of $69.4 billion for the month ended November 30, 2019, compared to $68.9 billion on October 31, 2019. Net flows in the institutional channel included $572 million related to the loss of a subadvisory relationship.
Assets Under Management |
||||||||
| ($ in Millions) | ||||||||
| Preliminary | ||||||||
| Month Ended November 30, 2019 | ||||||||
| Retail | Institutional | Total | ||||||
| Beginning assets | $ 65,361 |
|
$ 3,535 |
|
$ 68,896 |
|
||
| Net flows | (844 |
) |
(608 |
) |
(1,452 |
) |
||
| Market action | 1,830 |
|
142 |
|
1,972 |
|
||
| Ending assets | $ 66,347 |
|
$ 3,069 |
|
$ 69,416 |
|
||
|
||||||||
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/20191211005092/en/
