262:, when a bug in the companies' algorithm coupled with significant competing high frequency traders combined to create a massive crash in the price of S&P500 E-mini futures. In February 2016, Waddell & Reed announced the purchase of at least 8.2% of the Spanish company Abengoa, which was in serious financial trouble.
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acquired it for $ 160 million in 1981. Torchmark spun it off in 1998 in a deal where for 10 Torchmark shares held, Torchmark shareholders received 3 shares of
Waddell & Reed. In the 2000s, the company was put in the spotlight due to, according to a controversial SEC/CFTC report, being a major
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before the company was sold. It operated asset management and distribution subsidiaries, including Ivy
Investment Management Company and Waddell & Reed Investment Management Company.
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The company traces its history to
September 3, 1937, when it was founded by Chauncey Waddell and Cameron Reed. The company was one of the first to sell funds following the
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Wholesale channel (unaffiliated broker/dealers, registered investment advisors and retirement platforms); and the
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In 2021, the company was purchased by
Macquaire Asset Management, a division of
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Advisors channel (a network of personal financial advisors around the country);
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in April 2021 and merged the asset management business, Ivy
Managements, into
418:"Waddell & Reed's $ 1.7B sale to Macquarie Asset Management is official"
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Institutional channel (pension plans, defined benefit plans and endowments).
295:"Waddell & Reed Financial Inc 13F annual report (2024) – wallmine.com"
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392:"El fondo Waddell se convierte en el segundo accionista de Abengoa"
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The company distributed products through three primary channels:
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American asset management and financial planning company
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from 1998 to 2021, and briefly had its headquarters in
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Investment management companies of the United States
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480:Financial services companies established in 1937
249:in the United States. Its first offices were in
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325:"Waddell & Reed, Inc. - Company History"
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367:"The 2010 'flash crash': how it unfolded"
490:Companies based in Overland Park, Kansas
314:"Waddell & Reed Corporate Overview"
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475:American companies established in 1937
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416:Dornbrook, James (30 April 2021).
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31:Waddell & Reed Financial, Inc.
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445:(Press release). 3 December 2020.
243:Investment Company Act of 1940
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500:2021 mergers and acquisitions
422:Kansas City Business Journal
203:company founded in 1937 in
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169:Macquarie Asset Management
348:. Alabama: Prnewswire.com
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398:(in Spanish). 2016-02-15
209:publicly traded company
327:. Fundinguniverse.com
255:Torchmark Corporation
213:Overland Park, Kansas
205:Kansas City, Missouri
217:Downtown Kansas City
495:Corporate spin-offs
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312:Market Watch, Inc.
260:2010 "Flash Crash"
201:financial planning
65:Financial Planning
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182:.macquarieim
118:Headquarters
45:Company type
207:. It was a
123:Kansas City
469:Categories
402:2022-07-22
377:2022-07-20
352:2010-10-02
331:2010-10-02
281:References
48:Subsidiary
460:Home page
108:Successor
127:Missouri
103:Acquired
53:Industry
237:History
175:Website
158:Billion
92:Defunct
82: (
74:Founded
427:8 June
140:Brands
165:Owner
429:2021
199:and
184:.com
154:US$
133:U.S.
100:Fate
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84:1937
77:1937
180:www
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149:AUM
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