EX-99.1 2 a17-20041_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

News Release

 

Waddell & Reed Financial, Inc. Announces July 31, 2017 Assets Under Management

 

Overland Park, KS, Aug 10, 2017 — Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management of $81.2 billion for the month ended July 31, 2017, compared to $80.4 billion on June 30, 2017.

 

Assets Under Management

($ in Millions)

 

 

 

Preliminary

 

 

 

July 31,

 

June 30,

 

 

 

2017

 

2017

 

 

 

 

 

 

 

Retail

 

$

74,437

 

$

73,391

 

Institutional

 

6,734

 

7,036

 

Total

 

$

81,171

 

$

80,427

 

 

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.

 

Contacts

 

Investor Contact:

Nicole Russell, VP, Investor Relations, (913) 236-1880, nrussell@waddell.com

 

Mutual Fund Investor Contact:

Call (888) WADDELL, or visit www.waddell.com or www.ivyfunds.com.

 

About the Company

 

Waddell & Reed, Inc., founded in 1937, is one of the oldest mutual fund complexes in the United States, having introduced the Waddell & Reed Advisors Group of Mutual Funds in 1940. Today, we distribute our investment products through the retail unaffiliated distribution channel (encompassing broker/dealer, retirement, and registered investment advisors), our retail broker-dealer channel (through financial advisors), and our Institutional channel (including defined benefit plans, pension plans and endowments, and our subadvisory partnership with Mackenzie in Canada).

 

Through its subsidiaries, Waddell & Reed Financial, Inc. provides investment management and financial planning services to clients throughout the United States and internationally. Waddell & Reed Investment Management Company serves as investment adviser to the Waddell & Reed Advisors Group of Mutual Funds, while Ivy Investment Management Company serves as investment adviser to Ivy Funds, Ivy NextShares, Ivy Variable Insurance Portfolios and InvestEd Portfolios, and investment adviser and global distributor to the Ivy Global Investors SICAV, an umbrella UCITS fund range domiciled in Luxembourg. Waddell & Reed, Inc. serves as principal underwriter and distributor to the Waddell & Reed Advisors Group of Mutual Funds and InvestEd Portfolios, while Ivy Distributors, Inc. serves as principal underwriter and distributor to Ivy Funds and Ivy Variable Insurance Portfolios.

 

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