WDR Waddell and Reed Financial

Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management of $79.8 billion for the month ended May 31, 2018, compared to $79.2 billion on April 30, 2018.

        Assets Under Management ($ in Millions)     Preliminary Month Ended May 31, 2018 Retail     Institutional     Total   Beginning assets $ 73,280 $ 5,903 $ 79,183 Net flows (427 ) (660 ) (1,087 ) Market action   1,432     236     1,668   Ending assets $ 74,285   $ 5,479   $ 79,764    

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 financial planning services to clients throughout the United States since 1937. Today, we distribute our investment products through the unaffiliated distribution channel (encompassing broker/dealer, retirement, and registered investment advisors), our broker-dealer channel (through independent financial advisors), 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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Waddell & Reed Financial, Inc.Investor Contact:Nicole Russell, 913-236-1880VP, Investor Relationsnrussell@waddell.comorMutual Fund Investor Contact:888-WADDELLwww.waddell.comwww.ivyfunds.com