WDR Waddell and Reed Financial

Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management of $72.0 billion for the month ended November 30, 2018, compared to $72.2 billion on October 31, 2018.

Assets Under Management ($ in Millions)     Preliminary Month Ended November 30, 2018 Retail       Institutional   Total     Beginning assets $ 67,718 $ 4,493 $ 72,211 Net flows (502 ) (124 ) (626 ) Market action   374     66     440   Ending assets $ 67,590   $ 4,435   $ 72,025    

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 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:Michael Daley, VP, Corporate Controller, (913) 236-1795, mdaley1@waddell.comorMutual Fund Investor Contact:Call (888) WADDELL, or visit www.waddell.com or www.ivyfunds.com.