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Waddell & Reed Financial's CEO Discusses Q3 2011 Results - Earnings Call Transcript

Waddell & Reed Financial Inc. ( WDR)

Q3 2011 Earnings Call

October 25, 2011 10:00 am ET


Henry J. Herrmann – Chairman of the Board, Chief Executive Officer

Nicole McIntosh – Vice President, Investor Relations

Daniel P. Connealy – Chief Financial Officer, Senior Vice President

Thomas W. Butch – Executive Vice President, Chief Marketing Officer

Michael L. Avery – President, Chief Investment Officer


Cynthia Mayer – Bank of America/Merrill Lynch

William Katz – Citigroup

Michael Kim – Sandler O'Neill & Partners L.P.

Robert Lee – Keefe, Bruyette & Woods

Craig Siegenthaler – Credit Suisse

Roger Freeman – Barclays Capital

Jeffrey Hopson – Stifel Nicolaus

Marc Irizarry – Goldman Sachs

Macrae Sykes – Gabelli & Company

Daniel Fannon – Jefferies & Company



Good morning. My name is [Stephanie] and I will be your conference operator today. At this time, I would like to welcome everyone to the Third Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker’s remarks, there will be a question-and-answer session. (Operator Instructions) Thank you. I would now like to turn the conference over to Hank Herrmann, Chairman and Chief Executive Officer of Waddell & Reed. Please go ahead, sir.

Henry J. Herrmann

Thank you, Stephanie. Good morning everyone. With me today are Mike Avery, President; Tom Butch, Chief Marketing Officer; Dan Connealy, our Chief Financial Officer; Mike Strohm, our Chief Operations Officer; and Nicole McIntosh, our VP of Investor Relations. Nicole, would you read the forward-looking statements please.

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