Waddell & Reed is a midsize asset manager that had $67.9 billion in assets under management at the end of September 2020. The firm provides investment services for individual and institutional investors. Retail distribution, which accounts for 95% of managed assets, is handled through the company's own registered investment advisors (59% of AUM) and third-party broker/dealers and advisors (36%) in the wholesale channel. Equity-driven strategies account for an estimated 78% of total AUM, with fixed-income (20%) and money market (2%) offerings accounting for the remainder. The company has no discernible reach outside the United States.
TGT, STT, ORAN, MS
VIAV, NFG, RJF, CIEN, JBL, HWM, AEE, CTLT, CAKE, CMS, VSH, PKG, TOL, TECH, FSLR, KMX, LYFT, CRL, HUBS, IEX, KEY, MAS, NLOK, WEN, CFG, J, K, WRK, BYND, OC, EBS, NLY, BMI, ULTA, JBHT, HIG, LEA, CBOE, ACM, WSM, HOLX, REG, IGT, ALB, IART, GNRC, INCY, DRI, WTRG, GPC
Greggory WarrenSector Strategist