Macquarie Group Completes Acquisition of Waddell & Reed Financial, Inc.
30 Aprile 2021 - 10:28PM
Business Wire
Waddell & Reed wealth management platform
sold to LPL Financial
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.
(NYSE: WDR), one of the oldest asset and wealth management
companies in the United States.
Concurrent with the completion of the transaction, Macquarie
sold WDR’s wealth management platform to LPL Financial Holdings
Inc. (Nasdaq: LPLA), a leading US retail investment advisory firm,
independent broker-dealer, and registered investment advisor
custodian. In connection with this transaction, Macquarie and LPL
have entered into a long-term partnership, with Macquarie becoming
one of LPL’s top-tier strategic asset management partners.
Shawn Lytle, President of Delaware Funds® by Macquarie and Head
of Macquarie Group in the Americas, said, “We are pleased to
welcome the Ivy Funds shareholders to the Delaware Funds by
Macquarie. Both fund families have a shared focus on delivering
strong investment results and an excellent client experience for
all. This combination, along with our enhanced partnership with
LPL, unlocks substantial value for Waddell & Reed advisors and
their clients.”
LPL Financial President and Chief Executive Officer Dan Arnold
said, “Waddell & Reed advisors are seasoned and well-regarded
throughout the industry and are a strong cultural and strategic fit
with us. We look forward to supporting them with our comprehensive
platform that helps them design and operate the perfect practice
for them and their clients. Waddell & Reed and Macquarie have
been strong partners throughout the process, and we look forward to
our ongoing collaboration.”
MAM will retain Waddell & Reed Financial, Inc.’s asset
management business, bringing $US76 billion in assets under
management. The transaction will result in MAM becoming a top 201
actively managed, long-term open-end US mutual fund manager by
assets under management.
About Macquarie Asset Management
Macquarie Asset Management (MAM) is a specialist global asset
manager, providing investment solutions across a range of
capabilities including infrastructure & renewables, real
estate, agriculture, asset finance, private credit, equities, fixed
income and multi-asset solutions.
As at 31 December 2020, MAM had $A550.9 billion of assets under
management and over 1,900 staff operating across 20 markets in
Australia, the Americas, Europe and Asia.
MAM has been managing assets for institutional and retail
investors since 1980 in Australia and in the United States, retail
investors recognize Delaware Funds® by Macquarie family of funds as
one of the longest standing mutual fund families, with more than 80
years in existence.
Macquarie Investment Management (MIM) is the marketing
name for certain companies comprising the asset management division
of Macquarie Group. Investment products and advisory services are
distributed and offered by and referred through affiliates which
include Delaware Distributors, L.P., a registered
broker/dealer and member of the Financial Industry Regulatory
Authority (FINRA) and Macquarie Investment Management Business
Trust (MIMBT), a Securities and Exchange Commission
(SEC)-registered investment advisor. Investment advisory services
are provided by a series of MIMBT. Macquarie Group refers to
Macquarie Group Limited and its subsidiaries and affiliates
worldwide. Delaware Funds® by Macquarie refers to certain
investment solutions that MIM distributes, offers, refers, or
advises.
© 2021 Macquarie Management Holdings, Inc. 1627200.
Carefully consider the Funds’ investment objectives, risk
factors, charges, and expenses before investing. This and other
information can be found in the Funds’ prospectuses and their
summary prospectuses, which may be obtained by visiting
delawarefunds.com/literature or calling 800 523-1918. Investors
should read the prospectus and the summary prospectus carefully
before investing.
_________________________________ 1 Source: Assets under
management as at 31 March 2021. Based on data represented in
Strategic Insight and Morningstar. Data include ICI Method of
Sales: Salesforce, institutional, direct market, and retirement.
Data exclude variable insurance products, closed-end funds, ETFs,
passive mutual funds, money market funds, and Optimum Funds.
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Sam Dobson Macquarie Group Investor Relations +61 2 8232 9986
Lee Lubarsky Macquarie Group Media Relations +1 347 302 3000 For
financial advisor inquiries +1 877 693 3546
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