United States

Profile: Waddell & Reed Financial Inc (WDR.N)

WDR.N on New York Stock Exchange

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Waddell & Reed Financial, Inc., incorporated on December 24, 1981, is a mutual fund and asset management company. The Company provides investment management, investment advisory, investment product underwriting and distribution and shareholder services administration to Waddell & Reed Advisors group of mutual funds (the Advisors Funds), Ivy Funds, Ivy Funds Variable Insurance Portfolios (Ivy Funds VIP), InvestEd Portfolios and 529 college savings plan (collectively, the Funds), and the Ivy Global Investors Fund SICAV (the SICAV) and its Ivy Global Investors sub-funds (the IGI Funds), and institutional and separately managed accounts. The Company operates its business through a distribution network. Its retail products are distributed through third parties, such as other broker/dealers, registered investment advisors and various retirement platforms (collectively, the Wholesale channel) or through its sales force of independent financial advisors (the Advisors channel). The Company also markets its investment advisory services to institutional investors, either directly or through consultants (the Institutional channel). The Company operates its investment advisory business through its subsidiary companies, primarily Waddell & Reed Investment Management Company (WRIMCO).

Investment Management Products

The Company's mutual fund families offer a variety of investment options. The Company is the underwriter and distributor of approximately 90 registered open-end mutual fund portfolios in the Funds. Additionally, the Company has a closed-end offering through the Ivy Funds and offers UCITS through its Institutional channel. The Advisors Funds, variable products offering the Ivy Funds VIP, and InvestEd are offered primarily through its financial advisors in the Advisors channel. The Ivy Funds are offered through both Wholesale channel and Advisors channel. The Company offers income-oriented mutual funds in partnership with Apollo Credit Management, including Ivy Apollo Strategic Income fund and Ivy Apollo Multi-Asset Income fund. It also operates sub-funds, including Ivy Global Investors Balanced fund, Ivy Global Investors Emerging Markets Equity fund and Ivy Global Investors Energy fund. It also consists of Ivy Targeted Return Bond fund, which seeks to provide a positive total return over the long-term across all market environments by investing in any form of debt security issued in the United States or internationally.

Other Products

The Company provides its Advisors channel customers fee-based asset allocation investment advisory products, including Managed Allocation Portfolio (MAP), MAPPlus and Strategic Portfolio Allocation (SPA), which utilize the Funds. In its Advisors channel, the Company distributes various business partners' variable annuity products, which offer the Ivy Funds VIP as an investment vehicle. It also provides its Advisors channel customers retirement and life insurance products underwritten by its business partners. Through its insurance agency subsidiary, its financial advisors also sell life insurance and disability products underwritten by various carriers.

Distribution Channels

The Company distributes its investment products through the Wholesale, the Advisors and the Institutional channels. It assists clients on a range of financial issues with a focus on helping them plan, generally, for long-term investments, such as retirement and education, and offer one-on-one consultations that emphasize long-term relationships through continued service. The Institutional channel manages assets in various investment styles for various institutions. It serves as sub-advisor for domestic and foreign distributors of investment products for UCITS, pension funds, Taft-Hartley plans and endowments.

Company Address

Waddell & Reed Financial Inc

OVERLAND PARK   KS   66202-4200
P: +1913.2362000
F: +1913.2362010

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