Exhibit 99.1

 

News Release

Waddell & Reed Financial, Inc. Announces December 31, 2020 Assets Under Management

Overland Park, KS, January 13, 2021 – Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management of $74.8 billion for the month ended December 31, 2020, compared to $72.4 billion on November 30, 2020.

Assets Under Management ($ in Millions)
	Preliminary
	Month Ended December 31, 2020
	Retail			Institutional			Total
Beginning assets	$	68,956		$	3,399		$	72,355
Net flows		(554	)		(30	)		(584	)
Market action		2,850			201			3,051
Ending assets	$	71,252		$	3,570		$	74,822

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.