WDR Waddell and Reed Financial

Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management of $75.5 billion for the month ended February 28, 2021, compared to $74.3 billion on January 31, 2021.

Assets Under Management ($ in Millions) Preliminary

Month Ended February 28, 2021

Retail Institutional Total   Beginning assets

$

70,743

 

$

3,533

 

$

74,276

 

Net flows

 

(365

)

 

(37

)

 

(402

)

Market action

 

1,572

 

 

99

 

 

1,671

 

Ending assets

$

71,950

 

$

3,595

 

$

75,545

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/20210310005105/en/

Investor Contact: Mike Daley, VP, Chief Accounting Officer & Investor Relations, (913) 236-1795, mdaley1@waddell.com

Mutual Fund Investor Contact: Call (888) WADDELL, or visit www.waddell.com or www.ivyinvestments.com.