
	Waddell &amp; Reed, Inc., founded in 1937, is one of the oldest mutual fund complexes in the United States, having introduced the Waddell &amp; Reed Advisors Group of Mutual Funds in 1940. We completed an initial public offering in 1998.
	
	Today, we distribute our investment products through the Waddell &amp; Reed Wholesale channel ( (encompassing broker/dealer, retirement, and registered investment advisors), our Advisors channel (our network of financial advisors), and our Institutional distribution effort (including defined benefit plans, pension plans and endowments, and subadvisory partnerships.)
	
	Through its subsidiaries, Waddell &amp; Reed Financial, Inc. provides investment management and financial planning services to clients throughout the United States. Waddell &amp; Reed Investment Management Company serves as investment advisor to the Waddell &amp; Reed Advisors Group of Mutual Funds, Ivy Funds Variable Insurance Portfolios, Inc. and Ivy Funds InvestEd Portfolios, while Ivy Investment Management Company serves as investment advisor to Ivy Funds, Inc. and the Ivy Funds portfolios. Waddell &amp; Reed, Inc. serves as principal underwriter and distributor to the Waddell &amp; Reed Advisors Group of Mutual Funds, Ivy Funds Variable Insurance Portfolio, Inc. and Ivy Funds InvestEd Portfolios, Inc., while Ivy Funds Distributor, Inc. serves as principal underwriter and distributor to Ivy Funds, Inc. and the Ivy Funds portfolios.
