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.

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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