Waddell & Reed Financial Inc. posted income of $116.97 million for 2019, down 36% from a year ago.
Revenue hit $1.07 million, down 7.8% from $1.16 million in 2018. Expenses dropped 1.5% in the past year to $924.62 million.
Although the Overland Park-based company’s (NYSE: WDR) top and bottom lines suffered, the core base of its business — assets under management — showed improvement on the year. The company posted assets of $69.96 billion as of Dec. 31, up 6.3% from $65.81 billion from a…
Waddell & Reed Financial Inc. posted income of $116.97 million for 2019, down 36% from a year ago.
Revenue hit $1.07 million, down 7.8% from $1.16 million in 2018. Expenses dropped 1.5% in the past year to $924.62 million.
Although the Overland Park-based company’s (NYSE: WDR) top and bottom lines suffered, the core base of its business — assets under management — showed improvement on the year. The company posted assets of $69.96 billion as of Dec. 31, up 6.3% from $65.81 billion from a…