Does Waddell and Reed own Ivy Funds?
Isabella Turner
Updated on January 05, 2026
Macquarie’s main interest in buying Waddell & Reed is the Ivy Funds brand. As soon as the deal to buy Waddell & Reed closes, Macquarie plans to sell Waddell & Reed’s financial advisory practice to Boston-based LPL Financial (Nasdaq: LPLA) for $300 million, so it has zero interest in that part of the business.
Who bought Ivy Funds?
Macquarie Asset Management
On Dec. 2, 2020, Waddell & Reed (WDR), the parent company of Ivy Investments, announced that it would be acquired by Macquarie Asset Management and expects the deal to close in mid-2021.
Are Ivy Funds a good investment?
The Ivy Asset Strategy — which is known as a total return fund, because it tries to maximize gains through a variety of investment strategies — ranked in the 99th percentile in 2016, according to Morningstar, meaning that investors could scarcely do worse.
Is Ivy Funds the same as Ivy Investments?
The Ivy InvestEd 529 Plan is offered by Ivy Distributors, Inc. InvestEd Portfolios are managed by Ivy Investment Management Company and are distributed by Ivy Distributors, Inc. Ivy Funds are managed by Ivy Investment Management Company and are distributed by Ivy Distributors, Inc.
Who is buying Waddell and Reed?
Macquarie Group
Macquarie Group Completes Acquisition of Waddell & Reed Financial, Inc. NEW YORK–(BUSINESS WIRE)–Macquarie Asset Management (MAM), the asset management division of Macquarie Group (ASX: MQG; ADR: MQBKY), today announced the completion of its acquisition of Waddell & Reed Financial, Inc.
Who did Waddell and Reed sell to?
Macquarie Management Holdings, Inc
(Nasdaq: LPLA) (the “Company”), the parent corporation of LPL Financial LLC, a leading platform provider and partner to financial advisors, today announced the closing of its acquisition of the wealth management business of Waddell & Reed Financial, Inc. (“Waddell & Reed”) from Macquarie Management Holdings, Inc.
Is Waddell and Reed a fiduciary?
As a fiduciary you also are responsible for things like recordkeeping, legislative review and plan administration. A financial advisor at Waddell & Reed understands the fiduciary responsibilities associated with your retirement plan and, importantly, can serve as a co-fiduciary, helping: Uncover and assess your needs.
Who did Waddell & Reed sell to?
Is Waddell & Reed a fiduciary?
