Waddell & Reed Financial, Inc. Announces Assets Under Management
June 09 2017 - 2:06PM
Business Wire
Waddell & Reed Financial, Inc. (NYSE: WDR) today reported
preliminary assets under management of $80.9 billion for the month
ended May 31, 2017, compared to $81.1 billion on March 31, 2017.
The company had outflows of $1.4 billion during the month of April
and $0.5 billion during the month of May, which were offset by
positive market action in both months. Outflows in our unaffiliated
retail channel in May were at their lowest levels since April 2014.
Assets under management were $81.5 billion on June 8, an increase
of 0.5% quarter to date.
Net Flows
($ in Millions)
Retail
Month Ended
Unaffiliated
Broker-Dealer
Institutional
Total
April 2017
(383 ) (242 ) (742 ) (1,367 )
May 2017
(31 ) (282 ) (150 ) (463 )
The purpose of this release is to clarify flow data during the
quarter in light of reported industry data. We expect to announce
second quarter results on Tuesday, August 1, 2017.
Cautionary Statement
We have not yet finalized assets under management as of May 31,
2017. 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
Waddell & Reed, Inc., founded in 1937, is one of
the oldest mutual fund complexes in the United States, having
introduced the Waddell & Reed Advisors Group of Mutual
Funds in 1940. Today, we distribute our investment products through
the retail unaffiliated distribution channel (encompassing
broker/dealer, retirement, and registered investment advisors), our
retail broker-dealer channel (through financial advisors), and our
Institutional channel (including defined benefit plans, pension
plans and endowments, and our subadvisory partnership with
Mackenzie in Canada).
Through its subsidiaries, Waddell & Reed
Financial, Inc. provides investment management and financial
planning services to clients throughout the United States and
internationally. Waddell & Reed Investment Management
Company serves as investment adviser to the Waddell & Reed
Advisors Group of Mutual Funds, while Ivy Investment Management
Company serves as investment adviser to Ivy Funds, Ivy
NextShares, Ivy Variable Insurance Portfolios and InvestEd
Portfolios, and investment adviser and global distributor to the
Ivy Global Investors SICAV, an umbrella UCITS fund range domiciled
in Luxembourg. Waddell & Reed, Inc. serves as
principal underwriter and distributor to the Waddell &
Reed Advisors Group of Mutual Funds and InvestEd Portfolios, while
Ivy Distributors, Inc. serves as principal underwriter and
distributor to Ivy Funds and Ivy Variable Insurance Portfolios.
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version on businesswire.com: http://www.businesswire.com/news/home/20170609005671/en/
Waddell & Reed Financial, Inc.Investor Contact:Nicole Russell,
913-236-1880VP, Investor
Relationsnrussell@waddell.comorMutual Fund
Investor Contact:Call (888) WADDELLorVisit www.waddell.com
or www.ivyfunds.com
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