The company has not filed an annual or quarterly report since its Q1 FY2021 10-Q, filed Apr 29, 2021. Its latest SEC filing is a 15-12B from May 13, 2021.
10-Q for Q1 FY2021, filed Apr 29, 2021
The sections below describe the company as of the FY2020 annual report.
Distributes mutual funds and investment and insurance products through financial advisors and broker-dealers, and manages portfolios for fund investors and institutional clients.
10-K for FY2020, filed Feb 19, 2021We derive our revenues from providing investment management and advisory services, investment product underwriting and distribution, and…View ↗
Our underwriting and distribution services are delivered through our two broker-dealers: W&R and Ivy Distributors, Inc. (“IDI”). W&R is a…View ↗
Our mutual funds provide a wide variety of investment options. We are the exclusive underwriter and distributor of 84 registered mutual…View ↗
National Distribution, inclusive of National Accounts and National Wholesale, drives sales throughout the nationwide broker-dealer network.…View ↗
Throughout our history and continuing today, Advisors sell investment products to individuals, families and businesses across the country…View ↗
We also manage assets in a variety of investment styles for a variety of types of institutions. The largest client type is other asset…View ↗
Underwriting and distribution earns asset-based advisory and fund fees over the service period, plus commissions when investment products are sold. Investment-management and shareholder-service fees are based on client assets or accounts and earned as services are provided.
10-K for FY2020, filed Feb 19, 2021Fee-based advisory products offer clients a selection of traditional asset allocation models, as well as features such as systematic…View ↗
Underwriting and distribution commission revenues resulting from the sale of investment products are recorded upon satisfaction of…View ↗
We recognize investment management and advisory fees as earned over the period in which investment management and advisory services are…View ↗
We derive our revenues from providing investment management and advisory services, investment product underwriting and distribution, and…View ↗
10-K for FY2020, filed Feb 19, 2021
FY2020 revenue by product or service ↗$1B
10-K for FY2020, filed Feb 19, 2021
$1B ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Investment management fees
Recurring
10-K for FY2020, filed Feb 19, 2021 |
40%
FY2017: 46%
|
Investment management fees, FY2020
$419.7M Sources
|
Recurring |
|
Underwriting and distribution fees
|
52%
FY2017: 45%
|
Underwriting and distribution fees, FY2020
$544.4M Sources
|
|
|
Shareholder service fees
|
8.1%
FY2017: 9.2%
|
Shareholder service fees, FY2020
$85.3M Sources
|
Products reach retail investors through broker-dealers, retirement platforms and registered investment advisers; W&R advisors advise individuals, families and businesses, while the institutional channel serves other asset managers, pension funds and endowments.
10-K for FY2020, filed Feb 19, 2021National Distribution, inclusive of National Accounts and National Wholesale, drives sales throughout the nationwide broker-dealer network.…View ↗
Throughout our history and continuing today, Advisors sell investment products to individuals, families and businesses across the country…View ↗
We also manage assets in a variety of investment styles for a variety of types of institutions. The largest client type is other asset…View ↗
Yes. It kept 7 cents of every revenue dollar as net income in FY2020 and turned 17 cents into free cash flow.
10-K for FY2020, filed Feb 19, 2021
$94.8MView ↗
10-K for FY2020, filed Feb 19, 2021
$70.5MView ↗
10-K for FY2020, filed Feb 19, 2021
$179.5MView ↗
10-Q for Q1 FY2021, filed Apr 29, 2021
Open tableView ↗
8-K, filed Apr 30, 2021
As described in the introductory note, which is incorporated herein by reference, on April 30, 2021, pursuant to the terms and conditions…View ↗
Shrank. Revenue fell 9% in 3 years, from $1.2B in FY2017 to $1B in FY2020, about 3% a year.
Fund consolidation
The older report listed the Advisors Funds and IGI Funds as part of its fund lineup; the latest says the Advisors Funds were merged into Ivy Funds and the IGI Funds were substantially liquidated.
10-K for FY2017, filed Feb 23, 2018 10-K for FY2020, filed Feb 19, 2021Waddell & Reed Financial, Inc. (hereinafter referred to as the “Company,” “we,” “our” or “us”) is a holding company, incorporated in the…View ↗
Waddell & Reed Financial, Inc. is a holding company, incorporated in the state of Delaware in 1981, that conducts business through its…View ↗
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