Waddell & Reed Financial

Waddell & Reed Financial is an asset and wealth management company. It offers investment and planning services to individuals and institutional investors. The company distributes its investment products through the channel under the IVY INVESTMENTS brand (encompassing broker/dealer, retirement, and registered investment advisors), their wealth management channel through its independent financial advisors, and its institutional channel, which includes defined benefit plans, pension plans, endowments, and sub-advisory relationships.

TypeSubsidiary
Parent CompanyLPL Financial
HQMission, KS, US
Founded1937
Websitewaddell.com
Cybersecurity ratingCMore
Waddell & Reed Financial was founded in 1937 and is headquartered in Mission, KS, US

Viewing summary data as a guest

Sign up for free to see all data

Key People/Management at Waddell & Reed Financial

Philip J. Sanders

Philip J. Sanders

Chief Executive Officer
Brent K. Bloss

Brent K. Bloss

President
Mark P. Buyle

Mark P. Buyle

Senior Vice President, General Counsel, Chief Legal Officer and Secretary
Benjamin R. Clouse

Benjamin R. Clouse

Senior Vice President and Chief Financial Officer
Daniel P. Hanson

Daniel P. Hanson

Senior Vice President and Chief Investment Officer
Christopher W. Rackers

Christopher W. Rackers

Senior Vice President and Chief People and Brand Officer
Show more

Waddell & Reed Financial Office Locations

Waddell & Reed Financial has an office in Mission
Mission, KS, US (HQ)
6300 Lamar Ave
Show all (1)

Waddell & Reed Financial Financials and Metrics

Summary Metrics

Founding Date

1937
Waddell & Reed Financial is a subsidiary of LPL Financial

Waddell & Reed Financial Revenue

Waddell & Reed Financial's revenue was reported to be $1.05 b in FY, 2020 which is a 1.9% decrease from the previous period.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

1.2b1.1b1.0b

Revenue growth, %

(8%)(2%)

Sales and marketing expense

10.3m9.0m6.3m

General and administrative expense

73.6m77.5m90.8m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

259.4m270.2m270.7m263.7m240.0m267.7m295.4m

Sales and marketing expense

2.0m2.4m2.1m1.9m1.1m1.4m301.0k

General and administrative expense

14.7m16.0m16.7m18.6m20.5m19.2m30.3m

Operating expense total

223.9m228.9m230.7m224.3m216.4m230.0m293.3m
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

232.0m151.8m273.8m

Accounts Receivable

18.1m15.2m14.8m

Prepaid Expenses

27.2m31.7m36.3m

Current Assets

1.1b1.0b943.7m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

177.6m168.9m162.6m160.3m156.7m165.3m193.9m

Accounts Receivable

19.1m20.5m14.8m12.1m14.4m13.1m14.0m

Prepaid Expenses

22.4m24.3m20.5m43.1m28.4m35.9m31.3m

Current Assets

969.8m1.0b1.0b934.3m945.3m913.3m799.9m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

182.8m117.0m72.7m

Depreciation and Amortization

28.3m20.0m12.6m

Accounts Payable

(18.0m)(9.3m)(3.2m)

Cash From Operating Activities

357.0m166.0m188.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

32.8m67.3m100.8m20.5m48.3m79.5m1.6m

Depreciation and Amortization

6.2m11.5m16.1m3.2m6.3m9.4m2.7m

Accounts Payable

(3.0m)(7.2m)(11.0m)(3.2m)(6.7m)(6.4m)2.6m

Cash From Operating Activities

(17.5m)23.1m84.2m29.3m28.8m92.0m5.5m
USDFY, 2018

Revenue/Employee

871.1k

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.5 x
Show all financial metrics

Waddell & Reed Financial Operating Metrics

FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021

Advisors

1.06 k997967948939922924921936916

Licensed Advisor Associates

343370380396388394393392397382

Licensed Individuals

1.4 k1.37 k1.35 k1.34 k1.33 k1.32 k1.32 k1.31 k1.33 k1.3 k

Assets Under Management

$65.09 b$71.65 b$71.88 b$68.78 b$69.96 b$56.01 b$64.97 b$67.87 b$74.82 b$76.03 b
Show all operating metrics

Waddell & Reed Financial Acquisitions / Subsidiaries

Company NameDateDeal Size
Fiduciary Trust Company of New Hampshire
Ivy Distributors, Inc.
Ivy Investment Management Company
Unicon Agency, Inc.
Waddell & Reed Financial Services, Inc.
Waddell & Reed, Inc.
Waddell & Reed Services Company
W & R Corporate LLC
W & R Insurance Agency, Inc.

Waddell & Reed Financial Revenue Breakdown

Embed Graph

Waddell & Reed Financial revenue breakdown by business segment: 40.0% from Investment Management Fees, 51.9% from Underwriting and Distribution Fees and 8.1% from Shareholder Service Fees

Waddell & Reed Financial Cybersecurity Score

Cybersecurity ratingPremium dataset

C

79/100

SecurityScorecard logo

Waddell & Reed Financial Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Waddell & Reed Financial Online and Social Media Presence

Embed Graph

Waddell & Reed Financial Company Culture

  • Overall Culture

    C-

    63/100

  • CEO Rating

    A-

    74/100

  • Compensation

    D+

    58/100

Learn more on Comparably

Waddell & Reed Financial News and Updates

SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Waddell & Reed Financial, Inc. Buyout

WILMINGTON, Del., Dec. 03, 2020 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A. announces that it is investigating Waddell & Reed Financial, Inc. (“Waddell”) (NYSE: WDR) regarding possible breaches of fiduciary duties and other violations of law related to Waddell’s agreement to be acquired by …

Daily Dividend Report: Farmers & Merchants Bancorp, Williams-Sonoma, Safehold, Waddell & Reed Financial and MVC Capital

The Board of Directors of Farmers & Merchants Bancorp, the holding company of The Farmers & Merchants State Bank, with assets of $1.6 billion at September 30, 2019, today announced that it has approved a 6.7% increase in the Company's quarterly cash dividend.

Waddell & Reed Financial Frequently Asked Questions

  • When was Waddell & Reed Financial founded?

    Waddell & Reed Financial was founded in 1937.

  • Who are Waddell & Reed Financial key executives?

    Waddell & Reed Financial's key executives are Philip J. Sanders, Brent K. Bloss and Mark P. Buyle.

  • How many employees does Waddell & Reed Financial have?

    Waddell & Reed Financial has 1,116 employees.

  • What is Waddell & Reed Financial revenue?

    Latest Waddell & Reed Financial annual revenue is $1 b.

  • What is Waddell & Reed Financial revenue per employee?

    Latest Waddell & Reed Financial revenue per employee is $940.4 k.

  • Who are Waddell & Reed Financial competitors?

    Competitors of Waddell & Reed Financial include Mackenzie Investments, Bridgewater Associates and Banco do Brasil.

  • Where is Waddell & Reed Financial headquarters?

    Waddell & Reed Financial headquarters is located at 6300 Lamar Ave, Mission.

  • Where are Waddell & Reed Financial offices?

    Waddell & Reed Financial has an office in Mission.

  • How many offices does Waddell & Reed Financial have?

    Waddell & Reed Financial has 1 office.