Business Wire | Oct 12, 2020 06:45AM EDT

Waddell & Reed Financial, Inc. Announces September 30, 2020 Assets Under Management

Oct. 12, 2020

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Oct. 12, 2020--Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management of $67.9 billion for the month ended September 30, 2020, compared to $70.3 billion on August 31, 2020.

Assets Under Management($ in Millions) Preliminary

Month Ended September 30, 2020

Retail Institutional Total

Beginning assets $ 66,980 $ 3,321 $ 70,301

Net flows (593 ) (31 ) (624 )

Market action (1,706 ) (102 ) (1,808 )

Ending assets $ 64,681 $ 3,188 $ 67,869

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

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