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Company Description

Contact Info

6300 Lamar Avenue

Overland Park, KS 66202

United States

Phone: 913-236-2000

Fax: 913-236-2010

Waddell & Reed Financial, Inc., through its subsidiaries, provides investment management and advisory, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. The company’s mutual fund families include: Waddell & Reed Advisors group of mutual funds (the Advisors Funds); Ivy Funds (the Ivy Funds), Ivy Funds Variable Insurance Portfolios (Ivy Funds VIP), InvestEd Portfolios, its 529 college savings plan (InvestEd) (collectively, the Advisors Funds, Ivy Funds, Ivy Funds VIP and InvestEd are referred to as the ‘Funds’) and the Selector Management Fund SICAV and its Ivy Global Investors sub-funds, an undertaking for the collective investment in transferable securities (the Selector Management Funds or UCITS). The company operates its business through a balanced distribution network. Its retail products are distributed through third parties, such as other broker/dealers, registered investment advisors and various retirement platforms, (collectively, the Wholesale channel) or through its sales force of independent financial advisors (the Advisors channel). The company also markets its investment advisory services to institutional investors, either directly or through consultants (the Institutional channel). The Wholesale channel activities include retail fund distribution through broker/dealers (the primary method of distributing mutual funds for the industry), registered investment advisors (fee-based financial advisors who sell mutual funds through financial supermarkets) and retirement and insurance platforms. In the Advisors channel, the company’s sales force focuses its activities primarily on financial planning, serving mostly middle class and mass affluent clients. Through its Institutional channel, the company serves as subadvisor for domestic and foreign distributors of investment products for pension funds, Taft-Hartley plans and endowments. Additionally, the company serves as investment advisor and distributor of the Selector Management Funds. The company operates its investment advisory business through its subsidiary companies, primarily Waddell & Reed Investment Management Company (WRIMCO), a registered investment adviser for the Advisor Funds, the Ivy Funds VIP and InvestEd, and Ivy Investment Management Company (IICO), the registered investment adviser for the Ivy Funds and the Selector Management Funds. The company’s underwriting and distribution business operates through two broker/dealers: Waddell & Reed, Inc. (W&R) and Ivy Funds Distributor, Inc. (IFDI). Investment Management Operations The company provides investment advisory and management services pursuant to investment management agreements with the Funds and the Selector Management Funds. In addition to performing investment management services for the Funds, the company acts as an investment adviser for institutional and other private investors and the company provides subadvisory services to other investment companies. Investment Management Products The company’s mutual fund families offer various investment options. The company is an underwriter and distributor of 86 registered open-end mutual fund portfolios in the Funds. Additionally, the company has one closed-end offering through the Ivy Funds and offers the Selector Management Funds through its Institutional channel. The Advisors Funds, variable products offering the Ivy Funds VIP, and InvestEd are offered primarily through its financial advisors in the Advisors channel; in some circumstances, certain of those funds are also offered through the Wholesale channel. The Ivy Funds are offered through both its Wholesale channel and Advisors channel. During 2014, the company completed the merger of two open-end mutual funds and added two open-end mutual funds to its product line. Ivy Funds merged the Ivy Asset Strategy Opportunities Fund into the Ivy Emerging Markets Equity Fund, creating a fund that offers investors a single fund for emerging-market equity investments in any region of the world. The company launched the Ivy Emerging Markets Local

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