Waddell & Reed Financial — Earnings Presentation (February 2016)
5 slides from Waddell & Reed Financial's earnings presentation, Feb 2, 2016
Slide 1: Understanding the financial impact of Project E and related cost cutting measures
Understanding the financial impact of Project E and related cost cutting measures aimed at adjusting to a new asset level
Slide 2: Impact of Project E on 2016 Income Statement Prior to cost cutting measures
Impact of Project E on 2016 Income Statement Prior to cost cutting measures 2016 Impact 1 (Amou n ts in million s ) Revenues: Underwriting and distribution fees Shareholder Service fees Total Lost 12b-1 revenues from share conversion 2 Lost transfer agency revenue from share conversion (19) (8) (27)
Slide 3: Cost Cutting Measures
Cost Cutting Measures • Lower AUMs and related reductions to revenue require an adjustment to our expense base. Expense reduction plan calls for a $40 million reduction to the current run-rate of our fixed operating expenses over the next 12-18 months Expense reduction represents approximately 10% o
Slide 4: Forward Looking Statements
Forward Looking Statements This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the current views and assumptions of management with respe
Slide 5: Forward Looking Statements
Forward Looking Statements Ths presentation contoins “Jorword looking statements" witha the meoning of Section 27A ofthe Secutties Ac of 1933, os omended, ond Section 216 ofthe Secuttes Exchange ‘Ac of 1934, os mended, which reflec te crtent views and assumptions of management with respect to ture e
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