“Headwinds our company has endured these last few months have led to disappointing outflows and detracted from an otherwise solid quarter,” Waddell & Reed Financial chief executive officer Hank Herrmann said in the announcement. “Our operating revenues rose and, by keeping expenses in check, our operating margin expanded after adjusting for the impairment charge.”
“Headwinds our company has endured these last few months have led to disappointing outflows and detracted from an otherwise solid quarter,” Waddell & Reed Financial chief executive officer Hank Herrmann said in the announcement. “Our operating revenues rose and, by keeping expenses in check, our operating margin expanded after adjusting for the impairment charge.” File photo The Kansas City Star
“Headwinds our company has endured these last few months have led to disappointing outflows and detracted from an otherwise solid quarter,” Waddell & Reed Financial chief executive officer Hank Herrmann said in the announcement. “Our operating revenues rose and, by keeping expenses in check, our operating margin expanded after adjusting for the impairment charge.” File photo The Kansas City Star

Waddell & Reed earnings rise 9 percent despite drop in assets managed and $5 million charge

October 28, 2014 07:59 AM