Waddell & Reed Financial, Inc. Announces December 31, 2020 Assets Under Management

Rhea-AI Summary

Waddell & Reed Financial reported preliminary assets under management (AUM) of $74.8 billion for December 2020, up from $72.4 billion in November. The December figures include a beginning AUM of $71.3 billion and net outflows of $584 million. Market action showed a decline in retail net flows by $554 million and institutional net flows by $30 million. This cautious optimism reflects a slight recovery in AUM despite ongoing outflows, with the total retail and institutional assets contributing to the overall increase.

Positive

• Increase in preliminary AUM from $72.4 billion to $74.8 billion.
• Retail and institutional total AUM noted significant figures of $71.3 billion and $3.6 billion respectively.

Negative

• Net outflows of $584 million for the month.
• Retail net flows declined by $554 million and institutional net flows decreased by $30 million.

Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management of $74.8 billion for the month ended December 31, 2020, compared to $72.4 billion on November 30, 2020.

Assets Under Management
($ in Millions)
	Preliminary
	Month Ended December 31, 2020
	Retail				Institutional				Total
Beginning assets	$	68,956			$	3,399			$	72,355
Net flows		(554	)			(30	)			(584	)
Market action		2,850				201				3,051
Ending assets	$	71,252			$	3,570			$	74,822

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 wealth management services to clients throughout the United States since 1937. Today, we distribute our investment products through the unaffiliated channel under the IVY INVESTMENTS® brand (encompassing broker/dealer, retirement, and registered investment advisors), our wealth management channel (through independent financial advisors associated with WADDELL & REED, INC.), 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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FAQ

What were WDR's assets under management for December 2020?

Waddell & Reed reported preliminary assets under management of $74.8 billion for December 2020.

How did WDR's AUM change from November to December 2020?

WDR's AUM increased from $72.4 billion in November to $74.8 billion in December 2020.

What were the net flows for WDR in December 2020?

Waddell & Reed experienced net outflows of $584 million in December 2020.

Did WDR experience any challenges in net flows for December 2020?

Yes, Waddell & Reed faced retail net flows declining by $554 million and institutional net flows decreasing by $30 million.