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)

1,162

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: Unaffiliated channel, Wealth Management channel and Institutional channel. The company was founded by Chauncey Waddell and Cameron Reed in 1937 and is headquartered in Overland Park, KS.

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Executives & Employees

Chief Executive Officer

President

Senior Vice President & Chief Financial Officer

Senior Vice President & Chief Investment Officer

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

Senior Vice President & Chief Technology Officer

Treasurer & Chief Accounting Officer

Chief Administrative Officer

Chief Analytics Officer & Senior Vice President

Senior Vice President-Distribution

Board of Directors

Former Chief Executive Officer at Aviva Investors Americas LLC

Former Managing Partner at Ernst & Young LLP

Co-Head of Global Distribution at Massachusetts Financial Services Company

Former Chief Financial Officer, Executive Vice President & Controller at Alltel Corp.

Former Chief Marketing & Communications Officer at Verizon Media

Executive Advisor at Hunt Ventures LLC

Chief Executive Officer at Waddell & Reed Financial, Inc.

Director at Ledyard National Bank (Investment Management)

Senior Executive Vice President, Retail Financial Services at TIAA FSB Holdings, Inc.

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Owners & Shareholders
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Burgundy utilizes a value-focused global investment approach that seeks to preserve clients' capital while providing long-term superior investment returns. The firm offers investment strategies across many major asset classes, including but not limited to US large- and small/mid-cap, international, emerging markets and global equities. Burgundy employs a bottom-up investment approach, which focuses on strong business fundamentals and outstanding management teams and aims to reduce the inherent risk in investing. This approach is designed to achieve lower volatility than the market averages. The firm’s investment process is driven by limiting downside through a “margin of safety”. They prefer to invest in companies that are capital rich, but which earn a high return on their financial capital. Companies that have a long history of good profitability, that generate high levels of free cash flow, are the basis of their investment style.

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Van Berkom & Associates specializes in managing portfolios of Canadian, US and Asia small-cap equities. Their research process emphasizes on fundamental bottom-up analysis to identify high quality and undervalued companies. The firm looks for companies with strong management with a significant ownership position, several years of consistent growth in revenues and earnings, strong ROIC and free cash flow, competitive advantage, a clearly defined strategy for long-term growth and conservative accounting methods. No more than 15% of the portfolio is invested in businesses that are highly correlated with each other (from the same sub-sector).

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GMT Capital is a long-term, value based investment adviser with a long/short equity focus. The firm aims to generate attractive returns for its investors with managed risk. They generally invests a majority of the assets of the Advisory Clients in long and short positions in common and preferred stocks, common and preferred stock derivatives, commodity and commodity-linked securities and futures contracts, and may also invest in private equity investments, bonds or other credit investments, real estate, or other asset classes both within the US and outside the US. Although the firm’s investment advice is generally limited to these types of investments, it has a broad and flexible investment authority. GMT Capital generally establishes investment positions with expected medium to long-term holding periods although the funds may trade actively.

Recent Transactions
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Qiwi Plc issued USD American Depositary Shares (ADS)

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

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BlackRock, Inc., Norges Bank Investment Management, Waddell & Reed Financial, Inc., 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 2019
Market Capitalization
$1.1B
Total Enterprise Value
$631M
Earnings Per Share
$1.57
Total Equity
$828M
Net Profit
$115M
Three Year Compounded Annual Growth Rate Of Revenue
-4.84%
Debt TEV
0.19x
TEVNet Income
5.49x
Enterprise Value EBITDAOperating
4.75x
Enterprise Value / Sales
0.59x
EBITDA
$128M
EBITDAMargin
11.91%
Revenue
$1.07B
Total Debt
$120M
Non-Profit Donations & Grants
Investments
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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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SS&C Technologies Holdings, Inc. engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States; Europe, Middle East and Africa; Asia Pacific and Japan; Canada; and the Americas, excluding the United States and Canada. Its products include advent genesis, antares, asset allocators, AWD, axys, BANC mall, BRIX, DST vision, evare, lightning, and moxy. The company was founded by William Charles Stone in March 1986 and is headquartered in Windsor, CT.

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