Waddell & Reed earnings fall as assets under management decrease

Waddell & Reed Financial Inc. reported $67.1 million in earnings for the first quarter of 2015, a 10 percent decrease from the same quarter last year.

The Overland Park, Kan.-based financial planning company saw its assets under management decrease 6 percent compared to the prior-year quarter, to $123 billion.

Operating revenue was also down, to $385 million this year from $390.4 million in the first quarter of 2014.

Read more from the Kansas City Star


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