WDR Waddell and Reed Financial

Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management of $81.4 billion for the month ended February 28, 2018, compared to $84.3 billion on January 31, 2018.

        Assets Under Management ($ in Millions)     Preliminary February 28,     January 31, 2018 2018   Retail $ 75,029 $ 77,611 Institutional   6,401   6,693 Total $ 81,430 $ 84,304  

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) WADDELLorwww.waddell.comwww.ivyfunds.com