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Waddell & Reed wealth management platform sold to LPL Financial Macquarie Asset Management (MAM), the asset management division of Macquarie Group ((ASX: MQG, OTC:MQBKY), today announced the completion of its acquisition of Waddell & Reed Financial, Inc. (NYSE:WDR), one of the oldest asset and wealth management companies in the United States. Concurrent with the completion of the transaction, Macquarie sold WDR's wealth management platform to LPL Financial Holdings Inc. (NASDAQ:LPLA), a leading US retail investment advisory firm, independent broker-dealer, and registered investment advisor custodian. In connection with this transaction, Macquarie and LPL have entered into a long-term part
NEW YORK, April 27, 2021 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the opening of trading on Monday, May 3: Genpact Limited (NYSE:G) will replace Genworth Financial Inc. (NYSE:GNW) in the S&P MidCap 400, and Genworth Financial will replace Glu Mobile Inc. (NASD:GLUU) in the S&P SmallCap 600. S&P 500 constituent Electronic Arts Inc. (NASD: EA) is acquiring Glu Mobile in a deal expected to be completed soon pending final conditions. Genworth Financial is more representative of the small-cap market space. Unitil Corp. (NYSE:UTL) will replace Waddell & Reed Financial Inc. (NYSE:WDR) in the S&P SmallCap 600.
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
4 - WADDELL & REED FINANCIAL INC (0001052100) (Issuer)
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4 - WADDELL & REED FINANCIAL INC (0001052100) (Issuer)
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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
OVERLAND PARK, Kan.--(BUSINESS WIRE)--The Board of Directors of Waddell & Reed Financial, Inc. (NYSE: WDR) approved a quarterly dividend on its Class A common stock of $0.25 per share payable on April 30, 2021 to stockholders of record as of April 9, 2021. 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
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Waddell & Reed Financial, Inc. (NYSE: WDR) today reported a fourth quarter 2020 net loss1 of $6.9 million, or $0.11 per diluted share, compared to net income of $30.5 million, or $0.48 per diluted share, during the prior quarter and net income of $15.9 million, or $0.23 per diluted share, during the fourth quarter of 2019. The fourth quarter of 2020 included $39.6 million in costs related to the proposed acquisition of Waddell & Reed Financial, Inc. by Macquarie Asset Management, the asset management division of Macquarie Group (“Macquarie”) pursuant to a merger agreement announced on December 2, 2020. Excluding the merger-related costs, adjuste