Waddell & Reed Financial Inc. (NYSE: WDR) recorded a record for net income in 2013: $253 million, up 67.6 percent from the previous year.
Fourth-quarter income of $78.8 million was also a record, up 47.7 percent from $53.3 million a year ago.
"Sales and adviser productivity were at record levels, while net flows were the second-highest level ever," Waddell & Reed CEO Hank Herrmann said in a release. "Such successes are a testament to our people, our business model, the strength and effectiveness…
Waddell & Reed Financial Inc. (NYSE: WDR) recorded a record for net income in 2013: $253 million, up 67.6 percent from the previous year.
Fourth-quarter income of $78.8 million was also a record, up 47.7 percent from $53.3 million a year ago.
"Sales and adviser productivity were at record levels, while net flows were the second-highest level ever," Waddell & Reed CEO Hank Herrmann said in a release. "Such successes are a testament to our people, our business model, the strength and effectiveness…