UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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ITEM 7.01 | Regulation FD Disclosure. |
On June 10, 2020, Waddell & Reed Financial, Inc. issued a press release announcing its preliminary assets under management for the month ended May 31, 2020. A copy of the press release is furnished as Exhibit 99.1 and incorporated herein by reference.
ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS. |
(d) Exhibits.
Exhibit No. |
Description |
99.1 | Press Release dated June 10, 2020 |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
WADDELL & REED FINANCIAL, INC. | ||
Date: June 10, 2020 | By: | /s/ Benjamin R. Clouse |
Senior Vice President and Chief Financial Officer |
Exhibit 99.1
News Release
Waddell & Reed Financial, Inc. Announces
May 31, 2020 Assets Under
Management
Overland Park, KS, June 10, 2020 – Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management of $64.0 billion for the month ended May 31, 2020, compared to $60.9 billion on April 30, 2020.
Assets Under Management
($ in Millions)
Preliminary | ||||||||||||
Month Ended May 31, 2020 | ||||||||||||
Retail | Institutional | Total | ||||||||||
Beginning assets | $ | 58,135 | $ | 2,791 | $ | 60,926 | ||||||
Net flows | (261 | ) | (41 | ) | (302 | ) | ||||||
Market action | 3,098 | 248 | 3,346 | |||||||||
Ending assets | $ | 60,972 | $ | 2,998 | $ | 63,970 |
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:
Mike Daley, VP, Chief Accounting Officer & Investor Relations, (913) 236-1795, mdaley1@waddell.com
Mutual Fund Investor Contact:
Call (888) WADDELL, or visit www.waddell.com or www.ivyinvestments.com.
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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Cover |
Jun. 10, 2020 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Jun. 10, 2020 |
Entity File Number | 001-13913 |
Entity Registrant Name | WADDELL & REED FINANCIAL, INC. |
Entity Central Index Key | 0001052100 |
Entity Tax Identification Number | 51-0261715 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | 6300 Lamar Avenue |
Entity Address, City or Town | Overland Park |
Entity Address, State or Province | KS |
Entity Address, Postal Zip Code | 66202 |
City Area Code | 913 |
Local Phone Number | 236-2000 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Class A Common Stock, $.01 par value |
Trading Symbol | WDR |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |