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Ivy Investment Management nabbed the No. 2 spot in both the five-year and 10-year categories of Barron’s list of Best Fund Families of 2012.
Ivy was the only fund in the top 10 of either category with a connection to the Kansas City area. Ivy is a subsidiary of Overland Park-based Waddell & Reed Financial Inc. (NYSE: WDR).
“It’s gratifying to see these rankings continue to bear out what we believe are the merits of our daily research and stewardship of client assets,” Waddell Chairman and…
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 Waddell & Reed Financial Inc. saw assets grow in all of its business segments, leading to 24.9 percent growth in net income in the fourth quarter.
The Overland Park-based mutual fund provider (NYSE: WDR) posted net income of $53.3 million in the quarter that ended Dec. 31, up from $40 million during the same period a year ago.
Operating revenues rose 10 percent to $302.9 million. Expenses were up 4.1 percent to $219.5 million.
The company posted assets under management of $96.37 billion on Dec.…
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 Waddell & Reed Financial Inc. is the latest Kansas City-area public company to award a special cash dividend.
The Overland Park-based mutual fund provider (NYSE: WDR) announced Thursday that it will award a special dividend of $1 a share to shareholders of record as of Nov. 26. It will be payable on Dec. 6, allowing shareholders to avoid any potential increase in the tax rate on dividend income, which currently is at 15 percent. The tax rate is part of the Bush-era tax cuts that are set to expire…
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If U.S. financial markets reopen as anticipated Wednesday in the wake of Hurricane Sandy, traders can expect some volatility, though probably not a big selloff.
“There will probably be some glitches in any kind of trading activity if they come back tomorrow,” said Hank Herrmann, CEO of Overland Park-based Waddell & Reed Financial Inc. (NYSE: WDR). “I’d be wary of that, not wanting to be the first guinea pig.”
When the markets reopened six days after the 9/11 terrorist attacks — the…
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Waddell & Reed Financial Inc. CEO Hank Herrmann is scheduled to ring the New York Stock Exchange closing bell on Friday.
The ringing celebrates the 75th anniversary of the Overland Park-based mutual fund and financial planning company (NYSE: WDR). Executives and guests will attend.
According to a NYSE release, Waddell & Reed turned an 18-wheel truck into a Traveling World War I Exhibition in partnership with Ivy Funds and the National World War I Museum. A national tour will end in Experience Square…
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Kansas City-area employers hope to hire more than 500 at the Kansas City Career Expo on Thursday.
H&R Block Inc. (NYSE: HRB), Nebraska Furniture Mart and Time Warner Cable Inc. are among 70 employers who will be at the fair. Also included are Aldi, Waddell & Reed Financial Inc. (NYSE: WDR), U.S. Bank, Macy’s and Ameristar Casino Hotel Kansas City.
They're seeking candidates for information technology, engineering, financial services, manufacturing, hospitality, management, customer service, sales,…
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 Waddell & Reed Financial Inc. reported a drop in second-quarter earnings, largely due to a change in software.
The Overland Park-based mutual fund company (NYSE: WDR) said Thursday that it had net income of $41.7 million, or 48 cents a share, for the quarter. That compares with net income of $50 million, or 58 cents a share for the same quarter last year, and with $47.4 million, or 55 cents a share, in the first quarter of 2012.
Second-quarter earnings included a $5 million pre-tax charge resulting…
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 About 50 Kansas City-area employers are looking to fill more than 300 positions at a Wednesday career fair in Overland Park.
Garmin Ltd. (Nasdaq: GRMN), Freightquote.com, College Park Family Care and Waddell & Reed Financial Inc. (NYSE: WDR) are among the companies looking for applicants at the JobNewsKC.com Career Expo. The companies may conduct interviews at the fair, so attendees should dress accordingly and bring resumes.
The fair will emphasize jobs in the health care industry, but other available positions include sales, customer service, management, hospitality, assembly, production, information technology, administrative and warehouse jobs across industries...
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Waddell & Reed Financial Inc. saw a 13.7 percent drop in fourth-quarter earnings compared with last year, mostly because of an uptick in expenses.
The Overland Park-based mutual fund provider (NYSE: WDR) reported earnings of $40.02 million, or 47 cents a share, down from $46.37 million, or 54 cents a share, during the same period a year earlier.
Quarterly revenue came in at $290.9 million, up 3.4 percent from $281.3 million last year. However, expenses rose 7.6 percent to $227.6 million, with the biggest jump in underwriting and distribution, where expenses increased 8 percent to $154...
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 Waddell & Reed Financial Inc. plans to buy a vacant building in Mission to accommodate future growth.
Roger Hoadley, a spokesman for the Overland Park-based financial services firm (NYSE: WDR), said the company signed an agreement to buy a 45,000-square-foot building at 6201 Johnson Drive that once was the home of Continental General Insurance.
Kessinger/Hunter & Co. LC had listed the building for $2.25 million. The parties have not finalized the purchase price.
Hoadley said the timing for the closing and other details about the company’s plans for the building had not been finalized...
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Montage Investments, the asset-management arm of Leawood-based Mariner Holdings LLC, has set up an executive team to lead efforts to market the company’s mutual funds.
David Henriksen, Anthony Carrubba and Jenny Rhodus, effective Thursday, will lead a team of 17 professionals offering wholesaling support to financial advisers, institutions and consultants. The latter two most recently worked for a subsidiary of Overland Park-based Waddell & Reed Financial Inc. (NYSE: WDR).
The announcement comes on the heels of Montage affiliates launching several new mutual...
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CenturyLink Inc.’s planned $2.5 billion purchase of Savvis Inc. comes as a gain for a local company — Waddell & Reed, one of Savvis’ largest shareholders.
The Overland Park-based mutual fund provider (NYSE: WDR) stands to receive an 11 percent premium for the 4.15 million shares it owns in Savvis (Nasdaq: SVVS). That holding makes it the second-largest shareholder at 7.2 percent, according to Savvis’ latest proxy statement.
Some said the price in relation to Savvis’ operational earnings should have been higher, based on prices paid for peer...
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Waddell & Reed Financial Inc. saw a more than 39 percent increase in earnings during the fourth quarter, the company announced Monday.
The Overland Park-based mutual fund provider (NYSE: WDR) reported net income of $46.4 million, or 54 cents a share, up from $33.3 million, or 39 cents a share, during the same quarter a year prior.
The Kansas City Business Journal is listening to the company’s conference call and will provide more details soon.
Below is the company’s earnings announcement, excluding...
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In 2005, Waddell & Reed Financial Inc. worked with the Kansas City Sports Commission & Foundation to get a local marathon off the starting line. (WDR)
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BATS Global Markets is doing its part to help customers avoid situations such as the “flash crash” earlier this year. (WDR)
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