Waddell & Reed Financial, Inc. (
Q4 2011 Earnings Conference Call
January 31, 2012, 10:00 a.m. ET
Nicole McIntosh - VP, IR
Hank Herrmann - Chairman and CEO
Mike Avery - President, Portfolio Manager
Tom Butch - EVP and CMO
Dan Connealy - SVP and CFO
Mike Strohm - SVP and COO
Phil Sanders - CIO
Cynthia Mayer - Banc of America Securities/Merrill Lynch
Jeff Hopson - Stifel Nicolaus
Bill Katz - Citigroup
Michael Kim - Sandler O’Neill
Steven Truong - Barclays Capital
Daniel Fannon - Jefferies
Marc Irizarry - Goldman Sachs
Mac Sykes - Gabelli & Company
Good morning. My name is Jodi, and I will be your conference operator today. At this time I’d like to welcome everyone to the Waddell & Reed Financial Fourth Quarter Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks there will be a question-and-answer session. (Operator Instructions) Thank you.
I’d now like to introduce Mr. Hank Herrmann, Chairman and Chief Executive Officer of Waddell & Reed. Please go ahead sir.
Thank you, Jodi, good morning everyone. With me today are Mike Avery, President; Tom Butch, our Chief Marketing Officer; Dan Connealy, our Chief Financial Officer; Mike Strohm, our Chief Operations Officer; and Phil Sanders, our Chief Investment Officer; and Nicole McIntosh, our VP of Investor Relations. Nicole would you read the forward-looking statements, please?