UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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ITEM 7.01 | Regulation FD Disclosure. |
On April 13, 2021, Waddell & Reed Financial, Inc. issued a press release announcing its preliminary assets under management, assets under administration and advisor count as of March 31, 2021. 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 April 13, 2021 |
104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |
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: April 13, 2021 | By: | /s/ Benjamin R. Clouse |
Senior Vice President and Chief Financial Officer |
Exhibit 99.1
News Release
Waddell & Reed Financial, Inc. Announces
March 31, 2021 Assets Under
Management, Assets Under Administration and Advisor Count
Overland Park, KS, April 13, 2021 – 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.
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.
Cover |
Apr. 13, 2021 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Apr. 13, 2021 |
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 |
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