Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues:
Total Revenues	$ 263,733	$ 259,410
Operating expenses:
Distribution	120,033	109,794
Compensation and benefits (including share-based compensation of $9,983 and $12,693, respectively)	58,425	64,843
General and administrative	18,598	14,704
Technology	13,502	16,308
Occupancy	4,709	6,715
Marketing and advertising	1,896	1,964
Depreciation	3,513	6,001
Subadvisory fees	3,666	3,557
Total	224,342	223,886
Operating income	39,391	35,524
Investment and other (loss) income	(7,745)	9,453
Interest expense	(1,549)	(1,548)
Income before provision for income taxes	30,097	43,429
Provision for income taxes	9,633	10,671
Net income	20,464	32,758
Net (loss) income attributable to redeemable noncontrolling interests	(1,522)	705
Net income attributable to Waddell & Reed Financial, Inc.	$ 21,986	$ 32,053
Net income per share attributable to Waddell and Reed Financial, Inc. common shareholders, basic and diluted:	$ 0.32	$ 0.42
Weighted average shares outstanding, basic and diluted:	67,675	76,299
Investment management fees
Revenues:
Total Revenues	$ 105,219	$ 109,762
Underwriting and distribution fees
Revenues:
Total Revenues	136,943	126,245
Shareholder service fees
Revenues:
Total Revenues	$ 21,571	$ 23,403