Waddell & Reed Financial, Inc. Announces March 31, 2021 Assets Under Management, Assets Under Administration and Advisor Count

Rhea-AI Summary

Waddell & Reed Financial reported preliminary assets under management (AUM) of $76.0 billion as of March 31, 2021, up from $75.5 billion on February 28, 2021. The growth in AUM includes investments in mutual funds and institutional accounts. Meanwhile, preliminary assets under administration (AUA) rose to $70.8 billion from $69.7 billion at year-end 2020. Despite these gains, the company recorded net outflows of $101 million in total AUM during the month.

Positive

• AUM increased from $75.5 billion to $76.0 billion.
• AUA rose from $69.7 billion to $70.8 billion.

Negative

• Net outflows of $101 million in total AUM.

Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management (“AUM”) of $76.0 billion on March 31, 2021, compared to $75.5 billion on February 28, 2021. AUM includes assets invested in our affiliated mutual fund products, institutional separate accounts and collective investment trusts.

AUM
($ in Millions)
		Preliminary
		Month Ended March 31, 2021
		Retail				Institutional			Total
Beginning AUM		$	71,950			$	3,595		$	75,545
Net flows			(259	)			158			(101	)
Market action			572				13			585
Ending AUM		$	72,263			$	3,766		$	76,029

Preliminary assets under administration (“AUA”) were $70.8 billion on March 31, 2021, compared to $69.7 billion on December 31, 2020. AUA includes both client assets invested in our affiliated mutual funds and in other companies’ products that are distributed through Waddell & Reed, Inc. and held in direct to fund accounts, brokerage accounts or within our fee-based advisory programs.

AUA and Advisors
($ in Millions, except advisor data)
		Preliminary
		Quarter Ended March 31, 2021
		Advisory			Non-advisory				Total
Ending AUA		$	34,418		$	36,431			$	70,849
Net new AUA1		$	501		$	(619	)		$	(118	)
Advisors and advisor associates										1,298
1Net new AUA are calculated as total client deposits and net transfers less client withdrawals.
Client deposits include dividends and interest.

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/20210413005186/en/

FAQ

What is Waddell & Reed's latest AUM report?

Waddell & Reed reported preliminary AUM of $76.0 billion as of March 31, 2021.

How much did Waddell & Reed's AUA increase?

Preliminary AUA increased to $70.8 billion on March 31, 2021, from $69.7 billion.

What were the net flows for Waddell & Reed in March 2021?

Waddell & Reed experienced net outflows of $101 million in total AUM during March 2021.