USX:WDR - Waddell & Reed Financial, Inc Waddell & Reed Financial, Inc
Sector: Financials, Industry: Asset Management & Custody Banks
Next Earnings: 25 Oct 2021
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USD 24.98    -0.010 (-0.04%)
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30 Apr 2021


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General

CEO: Mr. Philip James Sanders C.F.A., CFA, MBA

IPO: 1998-03-04

Headquarters: US

Employees: 1,116

Homepage

Description

Waddell & Reed is a midsize asset manager that had $74.8 billion in assets under management at the end of 2020. The firm provides investment services for individual and institutional investors. Retail distribution, which accounts for 95% of managed assets, is handled through the company's own registered investment advisors (58% of AUM) and third-party broker/dealers and advisors (37%) in the wholesale channel. Equity-driven strategies account for an estimated 80% of total AUM, with fixed-income (18%) and money market (2%) offerings accounting for the remainder. The company has no discernible reach outside the United States.