Waddell & Reed Financial CEO Discusses Q4 2011 Results - Earnings Call Transcript

Waddell & Reed Financial, Inc. ( WDR)

Q4 2011 Earnings Conference Call

January 31, 2012, 10:00 a.m. ET

Executi ve s

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

Analyst s

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.

Hank Herrmann

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?

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