Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management of $72.2 billion for the month ended October 31, 2018, compared to $79.5 billion on September 30, 2018.
| Preliminary | ||||||||||||||||||||||||
| Month Ended October 31, 2018 | ||||||||||||||||||||||||
| Retail | Institutional | Total | ||||||||||||||||||||||
| Beginning assets | $ | 74,355 | $ | 5,187 | $ | 79,542 | ||||||||||||||||||
| Net flows (1) | (1,437 | ) | 84 | (1,353 | ) | |||||||||||||||||||
| Market action | (5,200 | ) | (778 | ) | (5,978 | ) | ||||||||||||||||||
| Ending assets | $ | 67,718 | $ | 4,493 | $ | 72,211 | ||||||||||||||||||
(1) Includes client transfers of $0.5 billion from Retail to Institutional during the month.
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 financial planning services to clients throughout the United States since 1937. Today, we distribute our investment products through the unaffiliated channel (encompassing broker/dealer, retirement, and registered investment advisors), our broker-dealer channel (through independent financial advisors), and our Institutional channel (including defined benefit plans, pension plans, endowments and subadvisory relationships). For more information, visit ir.waddell.com.
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Contacts:
Investor
Contact:
Michael Daley, 913-236-1795
VP, Investor
Relations
mdaley1@wadell.com
or
Mutual
Fund Investor Contact:
Call (888) WADDELL, or visit www.waddell.comor www.ivyfunds.com
