Waddell & Reed Financial, Inc. Announces March 31, 2018 Assets Under Management
Waddell & Reed Financial, Inc. (NYSE:WDR) today reported preliminary
assets under management of $80.2 billion for the month ended March 31,
2018, compared to $81.4 billion on February 28, 2018.
| Assets Under Management | |||||||||||||
| ($ in Millions) | |||||||||||||
| Preliminary | |||||||||||||
| Month Ended March 31, 2018 | |||||||||||||
| Retail | Institutional | Total | |||||||||||
| Beginning assets | $ | 75,029 | $ | 6,401 | $ | 81,430 | |||||||
| Net flows | (394 | ) | 156 | (238 | ) | ||||||||
| Market action | (873 | ) | (108 | ) | (981 | ) | |||||||
| Ending assets | $ | 73,762 | $ | 6,449 | $ | 80,211 | |||||||
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 distribution 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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