Waddell & Reed Investment Management Co is a large advisory firm based in Overland Park. It manages $19.24 billion of regulatory assets for 54 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Kansas, Louisiana, and Texas.
Waddell & Reed Investment Management provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Waddell & Reed Investment Management Co is $19.24 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -45% since the beginning of its operation, and $203.13 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Waddell & Reed Investment Management Co for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to investment companies, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Waddell & Reed Investment Management is investment companies with 13 clients and $15.87 billion of assets under management. Among the 13 most similar advisory firms, Waddell & Reed Investment Management has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $18.99 billion for 46 clients. 2% of the firm’s clients are foreign persons or businesses.
Waddell & Reed Investment Management also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $2,000,000 for each fund.
The company employs 143 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Waddell & Reed Investment Management Co performs its advisory services is located at 6300 Lamar Ave, Overland Park, KS 66202, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 913-236-2000 or by fax 913-236-3787. The normal business hours are 8:00 a.m. to 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at waddell.com.