Waddell & Reed Financial, Inc. Announces Potential Relocation of Corporate Headquarters to Further Business Transformation
June 05 2019 - 4:30PM
Business Wire
Evaluation of headquarters options is
consistent with multi-year transformation, growth strategy
Waddell & Reed Financial, Inc. (NYSE: WDR) announced today
it has undertaken a comprehensive review of its future real estate
needs and is currently evaluating options for a new corporate
headquarters. After reviewing numerous locations across the Kansas
City metro area, the company is now considering a number of
potential sites in Missouri.
“Over the past two years we have taken very deliberate and
necessary steps to strengthen the foundation of our business,” said
Phil Sanders, Chief Executive Officer and Chief Investment Officer
of Waddell & Reed Financial, Inc. “With the progress we have
made over the last two years, we are now in a position to look at
the next phase of our business transformation focused both on
organic and inorganic growth. As we look to the future, we must
have a workplace environment that meets the needs of the workforce
of tomorrow, enabling us to attract and retain top talent.”
The firm anticipates an update on the process later this
year.
“We have a responsibility to a variety of constituents,
including employees, clients, advisors and shareholders, to take
the necessary steps to enable the long-term success of our
company,” added Sanders. “At this point, the evaluation of site
options is ongoing and no specific location has been selected. We
are committed to keeping our employees and the community informed
as the process continues to unfold in the coming months.”
About Waddell & Reed Financial, Inc.
Through its subsidiaries, Waddell & Reed
Financial, Inc. has provided investment management and wealth
management services to clients throughout the United States since
1937. Today, we distribute our investment products through the
unaffiliated channel under the IVY INVESTMENTS brand (encompassing
broker/dealer, retirement, and registered investment advisors), our
wealth management channel (through independent financial advisors),
and our institutional channel (including defined benefit plans,
pension plans, endowments and subadvisory relationships). For
more information, visit ir.waddell.com.
Waddell & Reed Financial, Inc. has approximately 1,000
employees in the Kansas City metro area. The company was founded in
1937 in Kansas City, MO, with its original headquarters at 9th
Street and Baltimore. It moved to Crown Center in the 1970s and
then to its current Overland Park campus in 1990.
IVY INVESTMENTS℠ refers to the investment management and
investment advisory services offered by Ivy Investment Management
Company, the financial services offered by Ivy Distributors, Inc.,
a FINRA member broker dealer and the distributor of the IVY FUNDS®
mutual funds and IVY VARIABLE INSURANCE PORTFOLIOS®, and the
financial services offered by their affiliates.
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version on businesswire.com: https://www.businesswire.com/news/home/20190605005703/en/
Roger HoadleyVP, Communicationsrhoadley@waddell.com
Waddell and Reed Financial (NYSE:WDR)
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