| Business Summary | | Waddell
&
Reed
Financial,
Inc.
is
a
holding
company
that
conducts
its
business
through
its
subsidiaries.
One
subsidiary,
Waddell
&
Reed,
Inc.,
is
a
registered
broker-dealer
and
registered
investment
advisor
that
acts
primarily
as
the
nationwide
distributor
and
underwriter
for
the
shares
of
its
mutual
funds
and
a
distributor
of
insurance
products.
Waddell
&
Reed
Investment
Management
Company
is
a
registered
investment
advisor
that
provides
investment
management
and
advisory
services
to
its
mutual
funds
and
to
institutions
and
other
private
clients.
Waddell
&
Reed
Services
Company
provides
transfer
agency
and
accounting
services
to
the
mutual
funds
and
their
shareholders.
Austin,
Calvert
&
Flavin,
Inc.
is
an
investment
management
company
that
manages
investments
for
trusts,
high-net-worth
families
and
individuals,
and
pension
plans.
On
March
31,
2000,
the
Company
completed
the
acquisition
of
The
Legend
Group,
a
privately
held
mutual
fund
distribution
and
retirement
planning
company. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | WDR
is
the
exclusive
underwriter
and
distributor
of
36
mutual
fund
portfolios,
including
17
comprising
the
United
Funds,
eight
comprising
the
W&R
Funds,
and
11
comprising
the
TMK/United
Funds.
WDR
also
provides
financial
planning
services.
For
the
six
months
ended
6/01,
revenues
fell
3%
to
$250.5
million.
Net
income
decreased
12%
to
$61.7
million.
Results
reflect
decreased
investment
management
fees
received,
and
increased
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Keith Tucker, 56 Chairman
and CEO | $2.2M | $38.8M | Henry Herrmann, 58 Pres,
CIO, Director | 2.1M | 15.3M | John Sundeen, Jr., 40 CFO,
Sr. VP, Treasurer | -- | -- | Michael Strohm, 49 COO,
Sr. VP | -- | -- | Robert Hechler, 64 Exec.
VP, Director | 1.5M | 8.5M | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|