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6300 Lamar Ave. Overland Park, KS 66202 KS Tel. 913-236-2000 Toll Free 888-923-3355 Fax 913-236-2017 |
Type: Public
On the web:
http://www.waddell.com
Employees:
1,485
Employee growth: 1.6%
Waddell & Reed Financial is one of the oldest mutual fund managers in the US. Subsidiaries administer and distribute more than 80 mutual funds under the names Waddell & Reed Advisors Funds (the company's longest-running and largest fund complex), Ivy Funds (administered by Ivy Investment Management), and Waddell & Reed InvestEd Portfolios; they also manage accounts for institutional investors and private clients. The company sells annuities and insurance through alliances with third-party providers. Waddell & Reed has about 425 locations throughout the US, including more than 250 individual advisor offices, usually in small cities and rural areas.
Key numbers for fiscal year ending December, 2010:
Sales: $1,044.9M
One year growth: 24.5%
Net income: $157.0M
Income growth: 48.8%
Officers:
Chairman and CEO: Henry J. (Hank) Herrmann
President, Chief Investment Officer, and Portfolio Manager: Michael L. Avery
SVP and COO: Michael D. Strohm
Competitors:
AllianceBernstein
Eaton Vance
Edward Jones
