Waddell & Reed Financial, Inc. announces potential relocation of corporate headquarters to further business transformation.

Overland Park, KS, June 5, 2019 – Waddell & Reed Financial, Inc., (NYSE: WDR) announced today it has undertaken a comprehensive review of its future real estate needs and is currently evaluating options for a new corporate headquarters. After reviewing numerous locations across the Kansas City metro area, the company is now considering a number of potential sites in Missouri.

“Over the past two years we have taken very deliberate and necessary steps to strengthen the foundation of our business,” said Phil Sanders, Chief Executive Officer and Chief Investment Officer of Waddell & Reed Financial, Inc. “With the progress we have made over the last two years, we are now in a position to look at the next phase of our business transformation focused both on organic and inorganic growth. As we look to the future, we must have a workplace environment that meets the needs of the workforce of tomorrow, enabling us to attract and retain top talent.”

The firm anticipates an update on the process later this year.

“We have a responsibility to a variety of constituents, including employees, clients, advisors and shareholders, to take the necessary steps to enable the long-term success of our company,” added Sanders. “At this point, the evaluation of site options is ongoing and no specific location has been selected. We are committed to keeping our employees and the community informed as the process continues to unfold in the coming months.”

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