Waddell & Reed Financial, Inc. Announces February 28, 2021 Assets Under Management

Rhea-AI Summary

Waddell & Reed Financial reported preliminary assets under management of $75.5 billion for February 2021, up from $74.3 billion in January. The net flows showed a decline of $402 million, comprising ($365 million) from retail, ($37 million) from institutional. The ending assets included $71.95 billion for retail and $3.595 billion for institutional. Overall, this preliminary data reflects a modest increase in AUM despite negative net flows.

Positive

• Increase in preliminary assets under management from $74.3 billion to $75.5 billion.
• Total ending assets reached $75.545 billion.

Negative

• Net flows declined by $402 million, indicating potential investor withdrawals.
• Retail funds experienced a net flow decrease of $365 million.

Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management of $75.5 billion for the month ended February 28, 2021, compared to $74.3 billion on January 31, 2021.

Assets Under Management
($ in Millions)
		Preliminary
		Month Ended February 28, 2021
		Retail				Institutional				Total
Beginning assets		$	70,743			$	3,533			$	74,276
Net flows			(365	)			(37	)			(402	)
Market action			1,572				99				1,671
Ending assets		$	71,950			$	3,595			$	75,545

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210310005105/en/

FAQ

What are Waddell & Reed's preliminary assets under management for February 2021?

Waddell & Reed reported preliminary assets under management of $75.5 billion for February 2021.

How much did net flows decline for Waddell & Reed in February 2021?

Net flows for Waddell & Reed declined by $402 million in February 2021.

What was the change in retail and institutional assets for Waddell & Reed?

Retail assets ended at $71.95 billion, while institutional assets were $3.595 billion.

What factors contributed to the increase in Waddell & Reed’s assets under management?

The increase in Waddell & Reed’s assets under management was primarily due to favorable market action.

What does Waddell & Reed's preliminary report indicate about investor behavior?

The report shows negative net flows, indicating potential investor withdrawals despite an increase in overall assets.