Waddell & Reed

Executive Management Team

Henry J. Herrmann, CFA

  • Chairman, Chief Executive Officer & Director, Waddell & Reed Financial, Inc.
  • Chairman, Chief Executive Officer & President of Waddell & Reed Investment Management Company and Ivy Investment Management Company
  • 49 years in the industry and 41 years with Waddell & Reed
  • Past positions with Waddell & Reed include: Chief Investment Officer of Waddell & Reed Financial, Inc., Waddell & Reed Investment Management Company and Ivy Investment Management Company, Portfolio Manager of several Waddell & Reed Advisors Funds and Senior Investment Analyst
  • Previous experience as an investment analyst specializing in high technology stocks for a major investment bank and two brokerage firms

Michael L. Avery

  • President Waddell & Reed Financial, Inc.
  • Executive Vice President, Portfolio Manager, Waddell & Reed Investment Management Company and Ivy Investment Management Company
  • 34 years in the industry and 31 years with Waddell & Reed
  • Past positions with Waddell & Reed include: Chief Investment Officer of Waddell & Reed Investment Management Company and Ivy Investment Management Company, Director of Equity Research, Portfolio Manager of several Waddell & Reed Advisors Funds and Ivy Funds and Senior Investment Analyst

Philip J. Sanders, CFA

  • Chief Investment Officer & Senior Vice President, Waddell & Reed Investment Management Company and Ivy Investment Management Company
  • 23 years in the industry and 12 years with Waddell & Reed
  • Previous experience includes: Portfolio Manager of several Waddell & Reed Advisors Funds and Ivy Funds and Portfolio Manager for Banc of America Capital Management, the investment management division of Bank of America

Thomas W. Butch

  • Executive Vice President & Chief Marketing Officer, Waddell & Reed Financial, Inc.
  • Chairman & President, Waddell & Reed, Inc.
  • Chief Executive Officer & President, Ivy Funds Distributor, Inc.
  • 29 years in the industry and 11 years with Waddell & Reed
  • Previous experience includes: President of Stein Roe Mutual Funds, Senior Vice President - Director of Marketing at Stein Roe & Farnham and Vice President at Mellon Financial Corp.

Michael D. Strohm

  • Chief Operations Officer & Senior Vice President, Waddell & Reed Financial, Inc.
  • President, Waddell & Reed Services Company
  • Chief Executive Officer & Chief Operations Officer, Waddell & Reed, Inc.
  • 39 years in the industry and 39 years with Waddell & Reed
  • Past positions with Waddell & Reed include: Principal Accounting Officer and various management positions in accounting and finance

Daniel C. Schulte, Esq

  • General Counsel & Chief Legal Officer, Waddell & Reed Financial, Inc.
  • General Counsel, Waddell & Reed, Inc., Waddell & Reed Investment Management Company, Ivy Investment Management Company, Ivy Funds Distributor, Inc.
  • 13 years in the industry and 13 years with Waddell & Reed
  • Previous experience includes: Associate with Klenda, Mitchell, Austerman & Zuercher, L.L.C., engaged primarily in the representation of publicly-traded companies; Associate with the corporate tax group of Ernst & Young, LLP.

Steven E. Anderson

  • Senior Executive Vice President, National Sales Manager, Waddell & Reed, Inc.
  • 21 years in the industry and 15 years with Waddell & Reed
  • Past positions with Waddell & Reed include: Managing Principal, Regional Vice President
  • Previous experience includes: Financial Advisor and field leadership positions with several leading broker/dealer firms

Bradley D. Hofmeister

  • Executive Vice President, Advisor Services, Waddell & Reed, Inc.
  • 24 years in the industry and 24 years with Waddell & Reed
  • Past positions with Waddell & Reed include: Financial Advisor, District Manager, Managing Principal, Regional Vice President

Terry L. Lister

  • Chief Regulatory Officer & Senior Vice President, Waddell & Reed, Inc.
  • 35 years in the industry and 5 years with Waddell & Reed
  • Previous experience includes: General Counsel and Director of Government Affairs with the Financial Services Institute; General Counsel and Director of Compliance with Cambridge Investment Research; over 18 years in private practice; Regional Counsel to NASD District 3; Chief of Enforcement with the Missouri Securities Division; and Counsel and Director of Compliance with Hanifen, Imhoff Inc.

Brent K. Bloss

  • Senior Vice President, Finance, Waddell & Reed Financial, Inc.
  • Principal Accounting Officer & Senior Vice President, Finance, Waddell & Reed, Inc.
  • 18 years in the industry and 11 years with Waddell & Reed
  • Previous experience includes: Vice President and Assistant Treasurer with Waddell & Reed, Inc. and Senior Audit Manager with international accounting firm KPMG LLP

Karen F. Lare

  • Senior Vice President, Brokerage, Waddell & Reed, Inc.
  • 30 years in the industry; joined Waddell & Reed May 2010
  • Previous experience includes: President and Division Executive, Chief Administrative Officer, WaMu Investments; General Manager/Managing Director, Moventum, S.A., a Luxembourg-based firm under common control with LPL Financial; Managing Director of Operations, LPL Financial.

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