Waddell & Reed Financial, Inc.

Waddell & Reed Financial, Inc.

Waddell & Reed Financial, Inc.

Overview
Date Founded

1981

Headquarters

6300 LAMAR AVENUE, OVERLAND PARK, KS, 66202

Type of Company

Public

Employees (Worldwide)

1,332

Industries

Investment Services & Portfolio Management
Reinsurance

Company Description

Waddell & Reed Financial, Inc. provides investment advisory, investment management, investment product underwriting, distribution and administrative services. It operates through distinct distribution business channels: Advisors channel, Wholesale channel and Institutional channel. The Advisors channel focuses on financial planning, serving primarily middle class and mass affluent clients. The Wholesale channels activities include retail fund distribution through brokers and dealers, registered investment advisors and retirement and insurance platforms. The Institutional channel manages assets in a variety of investment styles for a variety of types of institutions. The company was founded by Chauncey Waddell and Cameron Reed in 1937 and is headquartered in Overland Park, KS.

Contact Data
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Executives & Employees

Chief Executive Officer

Senior Vice President, Chief Financial Officer & Treasurer

Chief Investment Officer

Chief Operating Officer & Executive Vice President

Senior Vice President, Chief Legal Officer, General Counsel & Secretary

Senior Vice President & Chief Technology Officer

Senior Vice President, Chief Compliance Officer

Chief Administrative Officer & Senior Vice President

Chief Administrative Officer

Senior Vice President-Distribution

Board of Directors

Former Chief Executive Officer at Aviva Investors Americas LLC

Professional at Ferrellgas Partners Finance Corp.

Professional at Genesis Energy LP

Former Professional at Waddell & Reed Financial, Inc.

Director at Ledyard National Bank (Investment Management)

Executive Advisor at Hunt Ventures LLC

Chief Executive Officer at Waddell & Reed Financial, Inc.

Chief Executive Officer-Retail Financial Services at TIAA-CREF Life Insurance Co.

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Owners & Shareholders
Details Hidden

Van Berkom & Associates (VBA) manages small-cap stock portfolios for large Canadian and U.S. pension funds, corporations, foundations and high-net worth clients on a segregated basis. The firm specializes in managing portfolios of U.S. and Canadian Small-Cap Equities. They look for companies with strong management with a significant ownership position, several years of consistent growth in revenues and earnings, a clearly defined strategy for long-term growth and conservative accounting methods. VBA also looks for companies with an important franchise, a significant market share, a global reach and a unique product or service. Companies should be gaining market share in a fragmented industry. Additional financial criteria include: projected long-term EPS growth greater than 15%, high return on equity, a strong balance sheet, adequate size and strong cash flow generation. While the firm generally prefers to invest in non-cyclical industries, they may also consider investments in companies that can grow their asset base in the resource and cyclical sectors and generate a reasonable return on invested capital and shareholders' equity.VBA's research process focuses on fundamental analysis. Part of their research effort considers the economic cycle and the identification of the secular trends of the future. Most of their efforts center on the identification and analysis of individual companies that are prepared for the economic and secular trends of the future. The firm emphasizes bottom-up analysis to identify high-quality, undervalued companies.

Details Hidden

Foundry Partners primary business activities consist of discretionary management of client assets. The firm generally invests client assets in domestic and international exchange listed securities and over-the-counter securities. These securities may include, but are not limited to: (1) domestic and international equities including ADRs (2) domestic convertible preferred shares (3) futures and forward contracts (4) US Government securities (5) REITs (6) investment company securities including open-end and closed-end funds and (7) ETFs. Foundry Partners' investment strategies include: Large-Cap Value, All-Cap Value, Small-Cap Value, Micro-Cap Value, Active Core, All-Cap Core, Mid-Cap Growth, Active Growth, and Small-Cap Growth.

Details Hidden

Matarin Capital Management employs a quantitative investment approach that seeks to generate superior risk-adjusted investment returns. The firm seeks to capitalize on the occasional mispricing of individual securities and broad asset classes that occurs in the capital markets.The firm's Market Neutral US Plus strategy seeks to outperform cash while minimizing stock market risk by investing both long and short in US equities. The strategy is designed to achieve annualized excess returns of 5% to 7% with a tracking error of 6% to 10%.Matarin Capital Management's North America Small-Cap strategy seeks to outperform the S&P 600 Index over a 3 to 5-year investment horizon. It is a long-only portfolio that holds and average of 100 positions selected from a universe of small-cap North American equities and is diversified across industries and sectors. The strategy is designed to achieve annualized excess returns of 2% to 4% with a tracking error of 3% to 6%.The firm's Global Markets Select strategy seeks to deliver absolute returns by making opportunistic long and short investments in stock indices, sovereign debt, money markets, currencies and commodities using global futures contracts. The strategy is designed to achieve annualized excess returns (above a cash benchmark) of 8% to 12% with a tracking error of 12% to 18%.

Recent Transactions
Details Hidden

Qiwi Plc issued American Depositary Shares

Details Hidden

First Allied Securities, Inc. purchases The Legend Group, Inc. from Waddell & Reed Financial, Inc.

Details Hidden

Waddell & Reed Financial, Inc., BlackRock, Inc., Norges Bank Investment Management, Formula One Holdings Ltd. /Private Group purchase Formula One Holdings Ltd. from CVC Advisers Ltd.

Transaction Advisors
Auditor

Advised onWaddell & Reed Financial, Inc. issued USD Common Stock

Underwriter

Advised onWaddell & Reed Financial, Inc. issued USD Common Stock

Underwriter

Advised onWaddell & Reed Financial, Inc. issued USD Common Stock

Advisors & Consultants
Advisor

Former President at Waddell & Reed, Inc.

Legal Advisor

Partner at Willkie Farr & Gallagher LLP

Real Estate Agent

President at AREA Real Estate Advisors

Key Stats and Financials As of 2018
Market Capitalization
$1.33B
Total Enterprise Value
$771M
Earnings Per Share
$2.28
Revenue
$1.16B
Total Equity
$895M
Total Debt
$94.9M
Net Profit
$184M
EBITDAMargin
22.7%
EBITDA
$263M
Enterprise Value Sales
0.66x
Enterprise Value EBITDAOperating
2.93x
TEVNet Income
4.2x
Debt TEV
0.12x
Investments
Details Hidden

Formula One Holdings Ltd. operates as an administrator of the FIA Formula One Grand Prix Championship and annual Grand Prix races. The company was founded by Bernard Charles Ecclestone in 1996 and is headquartered in London, the United Kingdom.

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