Waddell & Reed
| Company type | Subsidiary |
|---|---|
| Industry | |
| Founded | 1937 |
| Defunct | 2021 |
| Fate | Acquired |
| Successor | Delaware Funds |
| Headquarters | , |
| Brands | Ivy Investments |
| AUM | US$48 Billion (5th May 2021) |
| Owner | Macquarie Asset Management |
| Website | www |
Waddell & Reed Financial, Inc. was an American asset management and financial planning company founded in 1937 in Kansas City, Missouri. It was a publicly traded company from 1998 to 2021, and briefly had its headquarters in Overland Park, Kansas, and was planning a move back to Downtown Kansas City before the company was sold. It operated asset management and distribution subsidiaries, including Ivy Investment Management Company and Waddell & Reed Investment Management Company.
The company distributed products through three primary channels:
- Advisors channel (a network of personal financial advisors around the country);
- Wholesale channel (unaffiliated broker/dealers, registered investment advisors and retirement platforms); and the
- Institutional channel (pension plans, defined benefit plans and endowments).