Waddell & Reed Financial, Inc. Announces November 30, 2020 Assets Under Management
Waddell & Reed Financial reported preliminary assets under management (AUM) of $72.4 billion for November 2020, up from $66.2 billion at the end of October 2020. The increase in AUM includes $68.956 billion in retail and $3.399 billion in institutional assets. Notably, net flows showed a decline, with ($477 million) reported for the total. The company emphasizes that these estimates are preliminary and subject to change, advising shareholders not to place undue reliance on the figures.
- Increase in preliminary assets under management from $66.2 billion to $72.4 billion.
- Retail assets reached $68.956 billion, indicating strong demand.
- Net flows decreased by $477 million, indicating potential outflows.
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management of
| Assets Under Management | ||||||||||||
| ($ in Millions) | ||||||||||||
| Preliminary | ||||||||||||
| Month Ended November 30, 2020 | ||||||||||||
| Retail | Institutional | Total | ||||||||||
| Beginning assets | $ |
63,125 |
|
$ |
3,047 |
|
$ |
66,172 |
|
|||
| Net flows |
|
(459 |
) |
|
(18 |
) |
|
(477 |
) |
|||
| Market action |
|
6,290 |
|
|
370 |
|
|
6,660 |
|
|||
| Ending assets | $ |
68,956 |
|
$ |
3,399 |
|
$ |
72,355 |
|
|||
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.
