Waddell & Reed Financial, Inc. is a holding company, which engages in the provision of investment management and financial planning services. It operates through the following segments: Asset Management and Wealth Management. The Asset Management segment provides investment management services to the company's retail clients through its subsidiary, Ivy Investment Management Company. The Wealth Management segment distributes advisory, investment, and planning services to its clients through the company's financial advisors. The company was founded in 1937 and is headquartered in Overland Park, KS.