Waddell & Reed Investment Management Co (Overland Park)

Name: Waddell & Reed Investment Management Co
Address: 6300 Lamar Ave, Overland Park, KS, 66202
Telephone: 913-236-2000

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.

Waddell & Reed Investment Management: assets under management

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 firm manages $19.24 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $356.21 million each.

Waddell & Reed Investment Management has custody of $37.02 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 93% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in investment grade corporate bonds form 2% of the total invested assets.

Fees & Commissions

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. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Waddell & Reed Investment Management serves?

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.

Careers at Waddell & Reed Investment Management Co

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Henry John Herrmann	Chairman of the board, president, director & chief executive officer	1 Dec 1991	Other	1923549
Inc. Waddell & Reed	Shareholder	1 Dec 1991	75% - 100%	866
Robert Lee Hechler	Executive vice president, treasurer, director and chief financial officer	1 Dec 1991	Other	800216
Keith Albert Tucker	Chairman and director	1 May 1993	Other	1326245
Kristen Anne Richards	Senior vice president, chief compliance officer & associate general counsel	1 Jan 2000	Other	2230028
Daniel Charles Schulte	Senior vice president, secretary and chief legal officer	1 Jan 2000	Other	3096034
John Earl Sundeen	Senior vice president,treasurer, director, chief financial officer	1 Dec 2001	Other	1159592
Lawrence Joseph Cipolla	Senior vice president, chief operations officer	1 Jan 2004	Other	2367658
John Earl Sundeen	Executive vice president, chief administrative officer & director	1 Jun 2004	Other	1159592
Daniel Paul Connealy	Senior vice president, principal financial officer	1 Jun 2004	Other	4519810
Michael L Avery	Executive vice president and director	1 Jun 2005	Other	3058312
Thomas William Butch	Senior vice president, chief marketing officer	1 Feb 2006	Other	2585957
Wendy Jacqueline Hills	Vice president, secretary, associate general counsel	1 Feb 2006	Other	3096057
Philip James Sanders	Chief investment officer, senior vice president & director	1 Aug 2010	Other	2665543
Kurt Augustus Sundeen	Senior vice president, chief operations officer	1 Oct 2013	Other	2097982
Wendy Jacqueline Hills	Senior vice president, secretary & general counsel	1 Feb 2014	Other	3096057
Brent Kyle Bloss	Senior vice president, chief financial officer, treasurer & director	1 Mar 2014	Other	4494253
Jon Jason Richie	Senior vice president and chief compliance officer	1 Jul 2015	Other	4887373
Daniel Ganteanme Scherman	Senior vice president & chief risk officer	1 Jul 2016	Other	4938175
Philip James Sanders	President, director, chairman of the board, chief executive officer & chief investment officer	1 Aug 2016	Other	2665543
Benjamin Russell Clouse	Senior vice president, chief financial officer	1 Feb 2018	Other	6563686
Mark Patrick Buyle	Senior vice president and general counsel	1 Aug 2018	Other	2656200

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Waddell & Reed Financial	Shareholder	1 May 1986	75% - 100%	51-0261715
Inc. Waddell & Reed Financial	Shareholder	1 Dec 1991	75% - 100%	51-0261715
Inc. Waddell & Reed Financial Services	Shareholder	1 May 1993	75% - 100%	43-1414157

Based in Overland Park

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.