Waddell & Reed, Inc., founded in 1937, is one of the oldest mutual fund complexes in the United States, having introduced the Waddell & Reed Advisors Group of Mutual Funds in 1940. We completed an initial public offering in 1998. Today, we distribute our investment products through the Waddell & Reed Advisors channel – our proprietary network of financial advisors – and through the Wholesale channel, which reflects all other sales efforts, including institutional, sub-advisory, defined benefit, intermediary and Legend.