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Founded in 1937, Waddell & Reed Inc. is one of the oldest mutual fund complexes in the United States. Located in Pittsburgh, Pa., it is also one of the leading asset management and financial planning firms in the nation. The company operates its business through its subsidiary companies, primarily Waddell & Reed Investment Management Company, Ivy Investment Management Company and Legend Advisory Corporation. Through its subsidiaries, Waddell & Reed Financial Inc. provides investment management, investment product underwriting/distribution and mortgage/financial planning services to clients throughout the United States.