Waddell & Reed Financial, Inc. Announces September 30, 2017 Assets Under Management
October 11 2017 - 04:15PM
Business Wire
Waddell & Reed Financial, Inc. (NYSE: WDR) today reported
preliminary assets under management of $80.9 billion for the month
ended September 30, 2017, compared to $80.3 billion on August 31,
2017.
Assets Under Management ($ in
Millions) Preliminary
September
30,
August
31,
2017 2017 Retail $ 74,534 $ 73,629
Institutional 6,365 6,705
Total $
80,899 $ 80,334
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
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/20171011005178/en/
Waddell & Reed Financial, Inc.Investor Contact:Nicole Russell,
913-236-1880VP, Investor
Relationsnrussell@waddell.comorMutual Fund
Investor Contact:(888)
WADDELLorwww.waddell.comwww.ivyfunds.com
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