EXHIBIT 99.2
Media Contact: Kekst & Co. STILWELL
Michael Herley (212-521-4897) FINANCIAL INC.
920 Main Street, 21st Floor
Kansas City, Missouri 64105
Investors Contact: NYSE Symbol: SV
Landon H. Rowland (816-218-2416)
Chairman, President and CEO
Daniel P. Connealy (816-218-2412) Release No. 2001-23 October 1, 2001
Vice President and Chief Financial Officer
{News Release}
STILWELL FINANCIAL INC. REPORTS
ASSETS UNDER MANAGEMENT AND THIRD QUARTER
EARNINGS CONFERENCE CALL INFORMATION
Kansas City, Missouri
Stilwell Financial Inc. ("Stilwell" or the "Company"; NYSE: SV)
announced that preliminary assets under management as of the close of market on
September 30, 2001 totaled approximately $170 billion. Preliminary average
assets under management for the quarter ended September 30, 2001 totaled
approximately $198 billion. For the nine months ended September 30, 2001,
preliminary average assets under management were approximately $223 billion.
Third Quarter 2001 Earnings Presentation Conference Call Information
The Company expects to report results for third quarter 2001 prior to
its Earnings Presentation at the JPMorgan Chase New York office located at 270
Park Avenue, 11th Floor at 1:00 pm EDT on October 25, 2001. 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 or (913) 981-5571, code #640404, at least ten minutes prior
to the 1:00 EDT start time of the presentation. The accompanying slides to the
presentation are expected to be available on the updated Stilwell web site
(http://www.stilwellfinancial.com) on the morning of October 25, 2001.
Additionally, a replay of the presentation will be available by calling (719)
457-0820 or (888) 203-1112, code #640404. The replay will be available for one
week.
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Stilwell is a diversified, global financial services company with
operations through its subsidiaries and affiliates in North America, Europe and
Asia. The primary entities comprising Stilwell are Janus Capital Corporation, an
approximately 91.6% owned subsidiary; Berger LLC, of which Stilwell owns 100% of
the preferred limited liability company interests and approximately 87% of the
regular limited liability company interests; Nelson Money Managers Plc, an 80%
owned subsidiary; and DST Systems, Inc., an equity investment in which Stilwell
holds an approximate 33% interest.
* * * * * * * * * *
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 Stilwell's Annual Report on Form 10-K for the year ended
December 31, 2000, both on file 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