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Waddell & Reed Financial, Inc. (NYSE:WDR) today reported preliminary assets under management of $69.6 billion for the month ended August 31, 2019, compared to $71.5 billion on July 31, 2019.
| Assets Under Management | ||||||||||||
| ($ in Millions) | ||||||||||||
Preliminary | ||||||||||||
Month Ended August 31, 2019 | ||||||||||||
Retail |
| Institutional |
| Total | ||||||||
| Beginning assets | $ | 67,614 |
| $ | 3,890 |
| $ | 71,504 |
| |||
| Net flows |
| (872 | ) |
| (31 | ) |
| (903 | ) | |||
| Market action |
| (943 | ) |
| (102 | ) |
| (1,045 | ) | |||
| Ending assets | $ | 65,799 |
| $ | 3,757 |
| $ | 69,556 |
|
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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/20190912005080/en/
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.