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.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210413005186/en/
Contacts:
Mike Daley, VP, Chief Accounting Officer & Investor Relations, (913) 236‑1795, mdaley1@waddell.com
