EXHIBIT 99.1
MEDIA CONTACT: KEKST & CO. STILWELL
Robert Siegfried (212-521-4832) FINANCIAL INC.
Michael Herley (212-521-4897)
920 MAIN STREET, 21ST Floor
Kansas City, Missouri 64105
INVESTORS CONTACT: NYSE SYMBOL: SV
Landon H. Rowland (816-218-2416)
Chairman, President and CEO
Joseph D. Monello (816-218-2411) Release No. 2000-04 October 2, 2000
Vice President and COO
{NEWS RELEASE}
STILWELL FINANCIAL INC.
REPORTS ASSETS UNDER MANAGEMENT AND
ANNOUNCES EARNINGS PRESENTATION INFORMATION
(Page 1)
KANSAS CITY, MISSOURI
Stilwell Financial Inc. ("Stilwell"; the "Company"; NYSE: SV) today announced
that average assets under management for third quarter 2000 totaled
approximately $324.2 billion compared to $304.2 billion in second quarter 2000
and $294.4 in the first quarter of 2000. In addition, the Company reported that
assets under management by its subsidiaries totaled approximately $317.7 billion
as of September 30, 2000.
The Company expects to report results for third quarter 2000 on October 26,
2000, before the opening of the New York Stock Exchange ("NYSE"). Stilwell also
intends to hold an Earnings Presentation at the NYSE at 4:30 pm EDT on October
26, 2000. Shareholders and other interested parties who are not able to attend
the presentation in person are invited to listen to the presentation via the
telephone. To listen, please call (800) 406-5345, code #482316, at least ten
minutes prior to the 4:30 EDT start time of the presentation. The accompanying
slides to the presentation are expected to be available on the Stilwell web site
(http://www.stilwellfinancial.com) on the morning of October 26, 2000.
Additionally, a replay of the presentation will be available by calling (719)
457-0820 or (888) 203-1112, code #482316. The replay will be available for one
week.
The primary entities comprising Stilwell are Janus Capital Corporation, an
approximately 81.5% owned subsidiary; Berger LLC, of which Stilwell owns 100% of
the preferred limited liability company interests and approximately 88% of the
regular limited liability company interests; Nelson Money Managers Plc, an 80%
owned subsidiary; DST Systems, Inc., an equity investment in which Stilwell
holds an approximately 32% interest; and miscellaneous other subsidiaries and
equity investments.
* * * * * * * * * *
This press release includes statements concerning potential future events
involving the company, which could materially differ from the events that
actually occur. The differences could be caused by a number of factors including
those factors identified in stilwell's registration statement on form 10 dated
June 15, 2000 and filed by the company with the securities and exchange
commission (Commission file no. 001-15253). The company will not update any
forward-looking statements in this press release to reflect future events or
developments.
............. The End
