Waddell & Reed Financial, Inc. WDR today reported preliminary assets under management of $71.7 billion for the month ended March 31, 2019, compared to $71.6 billion on February 28, 2019.
| Assets Under Management | ||||||||||||||||||
| ($ in Millions) | ||||||||||||||||||
| Preliminary | ||||||||||||||||||
| Month Ended March 31, 2019 | ||||||||||||||||||
| Retail | Institutional | Total | ||||||||||||||||
| Beginning assets | $ | 67,565 | $ | 4,075 | $ | 71,640 | ||||||||||||
| Net flows | (656 | ) | (79 | ) | (735 | ) | ||||||||||||
| Market action | 692 | 57 | 749 | |||||||||||||||
| Ending assets | $ | 67,601 | $ | 4,053 | $ | 71,654 | ||||||||||||
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190410005143/en/
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