Waddell & Reed Assets Under Management Plunge

Overland Park-based wealth-management firm Waddell & Reed’s assets under management took a plunge from February to March, dropping from $65 billion to $56 billion.

The fall has taken place as the stock market saw extreme volatility during that time frame.

At the beginning of the year, Waddell signed a lease to move to a new $148-million Downtown Kansas City headquarters, at 1400 Baltimore Ave.