Analyst Coverage

Firm Analyst Phone
Banc of America Securities - Merrill Lynch Michael Carrier 646-855-5004
Citigroup William Katz 212-816-5394
Evercore ISI Glenn Schorr 212-653-9045
Jefferies Daniel Fannon 415-229-1523
Keefe, Bruyette & Woods Robert Lee 212-887-7732
Morgan Stanley Michael Cyprys 212-761-7619
RBC Capital Markets Kenneth S. Lee 212-905-5995

Waddell & Reed Financial, Inc. is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Waddell & Reed Financial, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Waddell & Reed Financial, Inc. or its management. Waddell & Reed Financial, Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

Significant Event On December 2, 2020, Waddell & Reed Financial, Inc. (“WDR”), the parent company of Ivy Investment Management Company (“Ivy”), and Macquarie Management Holdings, Inc., the U.S. holding company for Macquarie Group Limited’s U.S. asset management business (“Macquarie”), announced that they had entered into an agreement whereby Macquarie would acquire the investment management business of WDR (the “Transaction”). The Transaction closed April 30, 2021. Post close, US mutual funds managed by Ivy will be directly managed by other Macquarie entities, however, Ivy continues to provide investment advisory services to certain institutional and model portfolio accounts as part of Macquarie.

Macquarie Asset Management (MAM) is the asset management division of Macquarie Group. MAM, through its affiliates, operates as a full-service asset manager offering a diverse range of products. Macquarie Investment Management (MIM), a member of Macquarie Group, refers to certain companies comprising the asset management division of Macquarie Group Limited and its subsidiaries and affiliates worldwide. Institutional investment management is provided by Macquarie Investment Management Advisers (MIMA), a series of MIMBT. MIMBT is a US registered investment advisor and may not be able to provide investment advisory services to certain clients in certain jurisdictions.

IVY INVESTMENTS refers to the investment management and investment advisory services offered by MIMBT through its various series. 

Other than Macquarie Bank Limited (MBL), none of the entities noted are authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these entities do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of these entities, unless noted otherwise.

©2021 Macquarie Group Limited.