Market Overview

Waddell & Reed Financial, Inc. Announces October 31, 2017 Assets Under Management

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Waddell & Reed Financial, Inc. (NYSE:WDR) today reported preliminary
assets under management of $81.5 billion for the month ended October 31,
2017, compared to $80.9 billion on September 30, 2017.

       
Assets Under Management
($ in Millions)
        Preliminary    
October 31, September 30,
2017 2017
 
Retail $ 75,049 $ 74,534
Institutional   6,470   6,365
Total $ 81,519 $ 80,899
 

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

Waddell & Reed, Inc., founded in 1937, is one of the oldest mutual
fund complexes in the United States, having introduced the Waddell &
Reed Advisors Group of Mutual Funds in 1940. Today, we distribute our
investment products through the retail unaffiliated distribution channel
(encompassing broker/dealer, retirement, and registered investment
advisors), our retail broker-dealer channel (through financial
advisors), and our Institutional channel (including defined benefit
plans, pension plans and endowments, and our subadvisory partnership
with Mackenzie in Canada).

Through its subsidiaries, Waddell & Reed Financial, Inc. provides
investment management and financial planning services to clients
throughout the United States and internationally. Waddell & Reed
Investment Management Company serves as investment adviser to the
Waddell & Reed Advisors Group of Mutual Funds, while Ivy Investment
Management Company serves as investment adviser to Ivy Funds, Ivy
NextShares, Ivy Variable Insurance Portfolios and InvestEd Portfolios,
and investment adviser and global distributor to the Ivy Global
Investors SICAV, an umbrella UCITS fund range domiciled in Luxembourg.
Waddell & Reed, Inc. serves as principal underwriter and distributor to
the Waddell & Reed Advisors Group of Mutual Funds and InvestEd
Portfolios, while Ivy Distributors, Inc. serves as principal underwriter
and distributor to Ivy Funds and Ivy Variable Insurance Portfolios.

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