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Waddell & Reed Financial, Inc. Announces May 31, 2019 Assets Under Management

OVERLAND PARK, Kan.--(BUSINESS WIRE)--

Waddell & Reed Financial, Inc. (WDR) today reported preliminary assets under management of $68.6 billion for the month ended May 31, 2019, compared to $72.9 billion on April 30, 2019.

             
Assets Under Management
($ in Millions)
Preliminary
Month Ended May 31, 2019
Retail Institutional Total
 
Beginning assets $ 69,025 $ 3,868 $ 72,893
Net flows (630 ) (11 ) (641 )
Market action   (3,372 )   (241 )   (3,613 )
Ending assets $ 65,023   $ 3,616   $ 68,639  
 

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.

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