Waddell & Reed Financial, Inc. Announces March 31, 2021 Assets Under Management, Assets Under Administration and Advisor Count

OVERLAND PARK, Kan.–(BUSINESS WIRE)–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.

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.

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