Macquarie Group to acquire Waddell & Reed Financial, Inc.

• On completion, Macquarie Group to sell the Waddell & Reed Financial Services, Inc. wealth management business, to LPL Financial Holdings Inc. for $US300 million plus excess net assets • Increased scale and diversification of combined platform will create significant long-term benefits for clients, advisors and shareholders • Long-term partnership between Macquarie and LPL will provide continuity