WDR - Waddell & Reed Financial Inc. Announces September 30 2018 Assets Under Management
Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management of $79.5 billion for the month ended September 30, 2018, compared to $80.2 billion on August 31, 2018.
| Assets Under Management |
| ($ in Millions) |
| Preliminary |
| Month Ended September 30, 2018 |
| Retail |
| Institutional |
| Total |
| Beginning assets |
| $ |
| 74,935 |
| $ |
| 5,243 |
| $ |
| 80,178 |
| Net flows |
| (463 |
| ) |
| (77 |
| ) |
| (540 |
| ) |
| Market action |
| (117 |
| ) |
| 21 |
| (96 |
| ) |
| Ending assets |
| $ |
| 74,355 |
| $ |
| 5,187 |
| $ |
| 79,542 |
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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Waddell & Reed Financial, Inc.
Investor
Contact:
Nicole Russell, 913-236-1880
VP, Investor
Relations
nrussell@waddell.com
or
Mutual
Fund Investor Contact:
(888) WADDELL
or visit
www.waddell.com
or www.ivyfunds.com