Waddell & Reed Financial, Inc. Company Profile | WDR Company Information

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Waddell & Reed Financial, Inc. (hereinaftef referred to as the "Company, " "we," "our" or is a corporation, incorporated in the state of Delaware in that conducts business througbits subsidiaries. Founded in 1937, we are one of the oldestr mutual fund complexes in the United having introduced theWaddell & Reed Advisors Grou of Mutual Funds (the "Advisors in 1940. We launched our Ivy Fund in 2003 in an effort to expand our distributionto third-partyu outlets. As of December 31, 2008, we had $47.t5 billion in assets under managemeng andapproximately 3.
7 million mutual fund shareholder accountw owned by individuals, plans or omnibus accounts at third We derive our revenues primarily from providinhg investment management, investment product underwriting and distribution, and shareholder servicex administration to mutual fundsw and institutional and separately managed accounts. Investmenf management fees are based on the amount of averagee assets under management and are affected bysaleds levels, financial market conditions, redemptions and the compositioh of assets.
Our underwriting and distribution revenues consist of commissions derived from sales of investment and insurance Rule 12b-1 asset-based service and distributioh fees, distribution fees on certain variablee products, fees earned on fee-based asset allocation products, and related advisorty services. ...