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Article: Waddell & Reed Financial, Inc. Reports Fourth Quarter Earnings per Share of $0.30; --.
- Article from:
- PR Newswire
- Article date:
- January 29, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OVERLAND PARK, Kan. -- Net investment product sales of $72.1 million for the quarter and $467.0 million for the year -- Institutional and separate account sales growth of 49% for the year -- Number of shareholder accounts increased 8% for the year -- Financial advisors up 11% for the year to 3,165 -- Sales per tenured advisor of $290 thousand were flat with fourth quarter 2000 -- 92% of equity assets rated 4 or 5 stars by Morningstar in the current year
Waddell & Reed Financial, Inc. today reported fourth quarter net income of $25.0 million, or $0.30 per share on a diluted basis, compared with $0.40 per share in the fourth quarter of 2000. Quarter over quarter, ...