Waddell & Reed Financial (Waddell & Reed Financial) Intangible Assets : $146 Mil (As of Mar. 2021)

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What is Waddell & Reed Financial Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Waddell & Reed Financial's intangible assets for the quarter that ended in Mar. 2021 was $146 Mil.

Waddell & Reed Financial Intangible Assets Historical Data

The historical data trend for Waddell & Reed Financial's Intangible Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Waddell & Reed Financial Intangible Assets Chart

Waddell & Reed Financial Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Intangible Assets

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148.57

147.07

145.87

Waddell & Reed Financial Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Intangible Assets	Get a 7-Day Free Trial															145.87	145.87	145.87	145.87	145.87

Waddell & Reed Financial Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.

Waddell & Reed Financial (NYSE:WDR) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.

Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.

Waddell & Reed Financial Intangible Assets Related Terms

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Waddell & Reed Financial (Waddell & Reed Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Waddell & Reed Financial Inc (NYSE:WDR) » Definitions » Intangible Assets

Comparable Companies

Traded in Other Exchanges

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Address

6300 Lamar Avenue, Overland Park, KS, USA, 66202

Website

https://www.waddell.com

Waddell & Reed is a midsize asset manager that had $74.8 billion in assets under management at the end of 2020. The firm provides investment services for individual and institutional investors. Retail distribution, which accounts for 95% of managed assets, is handled through the company's own registered investment advisors (58% of AUM) and third-party broker/dealers and advisors (37%) in the wholesale channel. Equity-driven strategies account for an estimated 80% of total AUM, with fixed-income (18%) and money market (2%) offerings accounting for the remainder. The company has no discernible reach outside the United States.

Executives

Daniel P Hanson	officer: SVP & CIO	6300 LAMAR AVENUE OVERLAND PARK KS 66202
Mark P. Buyle	officer: SVP, GC, CLO and Secretary	6300 LAMAR AVENUE OVERLAND PARK KS 66202
Shawn M. Mihal	officer: SVP - Wealth Management	6300 LAMAR AVENUE OVERLAND PARK KS 66202
Amy J. Scupham	officer: SVP - Distribution	6300 LAMAR AVENUE OVERLAND PARK KS 66202
Christopher W. Rackers	officer: SVP and CAO	6300 LAMAR AVENUE OVERLAND PARK KS 66202
Benjamin R Clouse	officer: SVP & CFO	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Michael John Daley	officer: VP - Chief Acct Off,IR & Treas	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Brent K Bloss	officer: President	6300 LAMAR AVE OVERLAND PARK KS 66202
Philip James Sanders	director, officer: CEO	6300 LAMAR AVENUE, OVERLAND PARK KS 66202
Kline Katherine M. A.	director	100 PIER 1 PLACE, FORT WORTH TX 76102
Weaver Constance K	director	2900 ESPERANZA CROSSING, 2ND FLOOR, AUSTIN TX 78758
Sharilyn S Gasaway	director	ONE ALLIED DRIVE, LITTLE ROCK AR 72202
James A. Jessee	director	6300 LAMAR AVENUE OVERLAND PARK KS 66202
Alan W Kosloff	director	6300 LAMAR AVE OVERLAND PARK KS 66202
Thomas C Godlasky	director	6300 LAMAR AVENUE OVERLAND PARK KS 66202