Waddell & Reed Financial, Inc. Announces January 31, 2021 Assets Under Management
Waddell & Reed Financial reported preliminary assets under management (AUM) of $74.3 billion for January 2021, down from $74.8 billion in December 2020. The decline is attributed to net outflows of $684 million during the month. Specifically, retail AUM decreased to $70.7 billion, while institutional AUM fell to $3.5 billion. The company cautioned that the preliminary figures are subject to change and advised against placing undue reliance on this data.
- None.
- Assets under management decreased from $74.8 billion to $74.3 billion.
- Net outflows totaled $684 million for January 2021.
- Retail AUM dropped to $70.7 billion, down from December.
Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management of
| Assets Under Management | |||||||||||
| ($ in Millions) | |||||||||||
| Preliminary | |||||||||||
| Month Ended January 31, 2021 | |||||||||||
| Retail | Institutional | Total | |||||||||
| Beginning assets | $ |
71,252 |
|
$ |
3,570 |
|
$ |
74,822 |
|
||
| Net flows |
|
(644 |
) |
|
(40 |
) |
|
(684 |
) |
||
| Market action |
|
135 |
|
|
3 |
|
|
138 |
|
||
| Ending assets | $ |
70,743 |
|
$ |
3,533 |
|
$ |
74,276 |
|
||
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 Waddell & Reed's assets under management as of January 31, 2021?
Did Waddell & Reed experience net outflows in January 2021?
How much did Waddell & Reed's retail assets under management change in January 2021?
What was the value of Waddell & Reed's institutional assets under management in January 2021?
