AP NEWS

Waddell & Reed Financial, Inc. Announces October 31, 2018 Assets Under Management

November 12, 2018

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Nov 12, 2018--Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management of $72.2 billion for the month ended October 31, 2018, compared to $79.5 billion on September 30, 2018.

(1) Includes client transfers of $0.5 billion from Retail to Institutional during the month.

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 financial planning services to clients throughout the United States since 1937. Today, we distribute our investment products through the unaffiliated channel (encompassing broker/dealer, retirement, and registered investment advisors), our broker-dealer channel (through independent financial advisors), and our Institutional channel (including defined benefit plans, pension plans, endowments and subadvisory relationships). For more information, visit .

View source version on businesswire.com:https://www.businesswire.com/news/home/20181112005655/en/

CONTACT: Waddell & Reed Financial, Inc.

Investor Contact:

Michael Daley, 913-236-1795

VP, Investor Relations

mdaley1@wadell.com

or

Mutual Fund Investor Contact:

Call (888) WADDELL, or visitwww.waddell.comorwww.ivyfunds.com

KEYWORD: UNITED STATES NORTH AMERICA KANSAS

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Waddell & Reed Financial, Inc.

Copyright Business Wire 2018.

PUB: 11/12/2018 04:15 PM/DISC: 11/12/2018 04:15 PM

http://www.businesswire.com/news/home/20181112005655/en

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