Waddell & Reed

Executive Management Team

 Henry J. Herrmann
  • Chief Executive Officer & Chairman of the Board, Waddell & Reed Financial, Inc. (WDR)
  • Chief Executive Officer of Waddell & Reed Investment Management Company (WRIMCO) and Ivy Investment Management Company (IICO)
  • 46 years in the industry
  • 38 years with Waddell & Reed
  • Past positions with Waddell & Reed include: Chief Investment Officer of WDR, WRIMCO and IICO, 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
  • Chief Investment Officer & President, Waddell & Reed Financial, Inc.
  • Chief Investment Officer & Executive Vice President of Waddell & Reed Investment Management Company (WRIMCO) and Ivy Investment Management Company (IICO)
  • 31 years in the industry
  • 28 years with Waddell & Reed
  • Past positions with Waddell & Reed include: Director of Equity Research, portfolio manager of several Waddell & Reed Advisors Funds and Ivy Funds and senior investment analyst


 Thomas W. Butch
  • Chief Marketing Officer & Executive Vice President, Waddell & Reed Financial, Inc.
  • Chairman & President, Waddell & Reed, Inc.
  • Chief Executive Officer & President, Ivy Funds Distributor, Inc.
  • 28 years in the industry
  • 10 years with Waddell & Reed
  • Previous experience includes: President of Stein Roe Mutual Funds, SVP - Director of Marketing at Stein Roe & Farnham and VP at Mellon Financial Corp.


 Michael D. Strohm
  • Chief Operating Officer & Senior Vice President, Waddell & Reed Financial, Inc.
  • President, Waddell & Reed Services Company
  • Chief Executive Officer & Chief Operating Officer, Waddell & Reed, Inc.
  • 36 years in the industry
  • 36 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.
  • 11 years in the industry
  • 11 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.
  • 20 years in the industry
  • 13 years with Waddell & Reed
  • Past positions with Waddell & Reed include: Managing Principal, Regional Vice President − consistently achieved Crest honors and Leadership Council membership
  • Previous experience includes: financial advisor and field leadership positions with several leading broker/dealer firms


 Bradley D. Hofmeister
  • Executive Vice President, Advisor Services
  • 22 years in the industry
  • 22 years with Waddell & Reed
  • Past positions with Waddell & Reed include: Financial Advisor, District Manager, Managing Principal, Regional Vice President − consistently achieved Crest honors


 Terry L. Lister
  • Chief Regulatory Officer & Senior Vice President, Waddell & Reed, Inc.
  • 30 years in the industry
  • 3 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 16 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.

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