Established in 1937, Waddell & Reed Inc. is one of the oldest mutual fund companies in the United States. Based in Independence, Mo., it provides assistance in mutual funds, retirement plans, educational funding, managed accounts, insurance, financial/cash management and other investments. The company distributes investment products through its Waddell & Reed Advisors channel, Wholesale channels and Institutional distribution segment. The company offers asset management and financial planning services through its subsidiary firm Waddell & Reed Investment Management Company. Additionally, its underwriting and distribution business operates through three brokers/dealers, such as Waddell & Reed Inc., Ivy Funds Distributor Inc. and Legend Equities Corporation.
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