Waddell & Reed Financial, Inc. CEO Discusses Q1 2012 Earnings Call Transcript

Waddell & Reed Financial, Inc. (WDR)

Q1 2012 Earnings Call Transcript

April 30, 2012 10:00 a.m. ET


Hank Herrmann - Chairman and CEO

Mike Avery - President

Tom Butch - Chief Marketing Officer

Dan Connealy - CFO

Mike Strohm - COO

Phil Sanders - CIO

Nicole McIntosh - VP, IR


Jeff Hopson - Stifel Nicolaus

Cynthia Mayer - Banc of America - Merrill Lynch

Bill Katz - Citigroup

Michael Kim - Sandler O’Neill

Robert Lee - KBW

Daniel Fannon - Jefferies

Craig Siegenthaler - Credit Suisse

Mac Sykes - Gabieli & Company

Marc Irizarry - Goldman Sachs

Roger Freeman - Barclays



Good morning. My name is Tabitha and I will be your conference operator today. At this time I would like to welcome everyone to the Waddell & Reed Financial First Quarter 2012 Conference 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 will now turn the call over to Mr. Hank Herrmann, Chairman and Chief Executive Officer of Waddell & Reed. Please go ahead sir.

Hank Herrmann

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

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