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Get to know waddell & reed

Founded in 1937 by Chauncey Waddell and Cameron Reed, Waddell & Reed was one of the oldest mutual fund companies in the United States. The company operated two primary divisions: a wealth management business with a nationwide network of financial advisors serving retail investors, and an asset management business under the brand Ivy Investments, which managed mutual funds and institutional accounts. In April 2021, the parent company was acquired by Macquarie Asset Management. As part of the deal, Macquarie sold Waddell & Reed's wealth management platform to LPL Financial. Following the acquisitions, the Waddell & Reed brand was officially retired.

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Financial Wealth ManagementPRIMARY
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waddell & reed

United States

Founded in

1937 (89 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.