Waddell & Reed Ivy Investment Company (Overland Park)

Waddell & Reed Ivy Investment Company is a large advisory firm based in Overland Park. It manages $3.93 billion of regulatory assets for 53 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdiction of Kansas.

Waddell & Reed Ivy Investment Company provides portfolio management for investment companies and market timing services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Waddell & Reed Ivy Investment Company: assets under management

The assets under management (AUM) of Waddell & Reed Ivy Investment Company is $3.93 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 145% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.93 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $74.24 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Waddell & Reed Ivy Investment Company 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.

Careers at Waddell & Reed Ivy Investment Company

Michael Durwood Strohm has been acting as President since 1 Dec 2002. John Earl Sundeen joined the executive team most recently as the Executive Vice President, Chief Accounting Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Henry John Herrmann	Director & chairman, president & chief executive officer	1 Dec 2002	Other	1923549
Thomas William Butch	Director, senior vice president & chief marketing officer	1 Dec 2002	Other	2585957
John Earl Sundeen	Director, senior vice president	1 Dec 2002	Other	1159592
Michael Durwood Strohm	Director	1 Dec 2002	Other	711661
Daniel Charles Schulte	Senior vice president, general counsel and assistant secretary	1 Dec 2002	Other	3096034
Beverly J Yanowitch	Senior vice prsident, chief financial officer adn treasurer	1 Dec 2002	Other	2319850
Kristen Anne Richards	Vice president, associate general counsel & chief compliance officer	1 Dec 2002	Other	2230028
Wendy Jacqueline Hills	Secretary	1 Dec 2002	Other	3096057
Inc. Waddell & Reed Financial	Shareholder	1 Dec 2002	75% - 100%	51-0261715
Thomas Hinish Bivin	Vice president	1 Dec 2002	Other	702650
Scott Jeffrey Schneider	Compliance officer	1 Jan 2004	Other	2456000
John Earl Sundeen	Executive vice president, chief accounting officer	1 Jun 2004	Other	1159592
Daniel Paul Connealy	Senior vice president, chief financial officer	1 Jun 2004	Other	4519810

Based in Overland Park

The principal office where Waddell & Reed Ivy Investment Company performs its advisory services is located at 6300 Lamar Avenue, Overland Park, KS 66202, which is also the mailing address of the firm. The firm also has an office outside of the United States.