Waddell & Reed Celebrates International Women’s Day with CEO Action for Diversity & Inclusion™ Pledge and Partnership with Rock The Street, Wall Street

OVERLAND PARK, Kan.–(BUSINESS WIRE)–Waddell & Reed Financial, Inc. (NYSE: WDR) is pleased to announce the
following actions as it advances its position as a values-based and
purpose-driven organization:

  • CEO Philip J. Sanders signed the CEO Action for Diversity & Inclusion™
    pledge, acknowledging that the organization will act to cultivate
    trust, diversity, flexibility and understanding. The CEO Action pledge
    currently has been signed by more than 600 CEOs nationwide,
    representing 85 industries and more than 50 academic institutions or
    associations. By signing the pledge, Waddell & Reed will take specific
    actions to advance an open and empowering environment. According to ceoaction.com,
    research shows that diversity increases creativity and innovation,
    promotes higher quality decisions, and enhances economic growth.
    “Supporting an organization of diverse thoughts, perspectives,
    backgrounds and experiences is absolutely essential for us,” said
    Sanders. “We know that embracing our differences and creating a
    culture where everyone feels their uniqueness is valued and respected
    will only make us stronger. I am proud to make this pledge and partner
    with other firms to continually make advancements in the future.”
  • Celebrating International Women’s Day with a full day of events
    including a panel discussion featuring key leaders at the company. The
    panel, livestreamed to all employees across the country, focused on
    mentorship, leadership, opportunities and challenges faced by women in
    the workforce and the importance of having a Culture of Belonging. The
    panel participants included Joan Albeck, Chief Technology Officer;
    Beth Hansen, Broker-Dealer Chief Compliance Officer; Kim
    Scott, SVP, portfolio manager
    with subsidiary Ivy Investment
    Management Company; and Amy Scupham, President of subsidiary Ivy
    Distributors, Inc
    . “Through understanding and leveraging our
    diverse experiences, we can build a stronger culture, which leads to
    an enhanced outcome for our clients across all aspects of our
    business,” said Sanders.
  • And, becoming the first organization in the Kansas City metro area to
    partner with Rock The Street, Wall Street (RTSWS), a national,
    non-profit organization committed to attracting more young women to
    the field of finance. According to RTSWS,
    in the financial sector, women make up only 9% of mutual fund
    managers, 2.5% of hedge fund managers and 11.7% of senior private
    equity professionals. Through the partnership, Waddell & Reed will
    work with local high school students to deliver a curriculum that
    offers financial education through workshops, role modeling, mentoring
    and on-site office experiences. The partnership facilitates work with
    an innovative, national financial education program targeted to young
    women in grades 9 through 12. Waddell & Reed will offer field trips to
    its headquarters offices and help with the fall and spring curriculums
    focused on budgeting, learning financial basics, stocks and investing,
    career assessment and resume building. Waddell & Reed’s partnership
    with Rock The Street, Wall Street is the first in the firm’s
    headquarters metro area of Kansas City. Since its inception in 2013,
    RTSWS and partner organizations have educated 1,750 female high school
    students and those participants had an average increase of 97% in
    their comprehension of financial concepts and 67% state they are “very
    likely” or “extremely likely” to explore a major or minor in finance,
    economics or accounting. Waddell & Reed will partner with Rock The
    Street, Wall Street to encourage other financial services companies in
    Kansas City to join the partnership, creating more community business
    support to help increase diverse workforces in financial
    services-related industries.

These actions are part of a broader business and culture transformation
that began in 2016. The company began the journey by establishing a
clear Mission Statement and Core Values. All employees participated in a
Learning Map Experience focused on driving better understanding of
industry dynamics and greater alignment around the company’s Corporate
Strategy. In addition, the company has developed a Leadership Model
called ACTIVE Leadership and has completed extensive leadership
development training, including Unconscious Bias training, Situational
Leadership Experience and introducing a new performance management
process called ACTIVE Performance and Growth.

A key part of this cultural advancement, according to executives, is
implementing practices that align to the modern, diverse workforce and
dynamic financial services industries of today where flexible and agile
workplace practices are required. For example, the company recently
implemented year-round weekly flexible work schedules, flexible
vacation, enhanced paid parental/family caregiver leave, enhanced Short
Term Disability and Paid Military Leave and recently implemented a
casual work attire philosophy. In addition, an initiative called Culture
Connections was recently launched for employee events focused on
Diversity & Inclusion, Employee Appreciation, Philanthropy, Strategy &
Values and Wellness. In fact, the company just completed its first ever
Employee Appreciation Week with numerous recognition events throughout
the week.

“We want to ensure our efforts are very tangible and transparent, both
internally and externally,” said Brent Bloss, Chief Operating Officer.
“These steps are actionable and illustrate our commitment to being a
values-based and purpose-driven organization moving forward. We operate
in a very dynamic, ever-changing environment, and we will continue to
proactively implement practices, programs and approaches that deliver on
that commitment.”

About CEO Action for Diversity & Inclusion™

CEO Action for Diversity & Inclusion™ is the largest CEO-driven business
commitment to advance diversity and inclusion within the workplace. This
commitment is driven by a realization that addressing diversity and
inclusion is not a competitive issue, but a societal issue. Recognizing
that change starts at the executive level, more than 600 CEOs of the
world’s leading companies and business organizations, are leveraging
their individual and collective voices to advance diversity and
inclusion in the workplace. CEO Action for Diversity & Inclusion™ aims
to rally the business community to advance diversity and inclusion
within the workplace by working collectively across organizations and
sectors. It outlines a specific set of actions the undersigned companies
will take to cultivate a trusting environment where all ideas are
welcomed and employees feel comfortable and empowered to discuss
diversity and inclusion. Visit ceoaction.com.

About Rock The Street, Wall Street

Rock The Street, Wall Street, founded in 2013, inspires and equips girls
with skills to succeed financially throughout their lives and
potentially pursue careers in finance. Girls learn about savings and
investment, budgeting, the capital markets and their role in maintaining
the welfare of their families and the economy, while simultaneously
helping them see the real world application of the math content they
learn in the classroom. Visit rockthestreetwallstreet.com.

About Waddell & Reed Financial, Inc.

Through its subsidiaries, Waddell & Reed Financial, Inc. has provided
investment management and financial planning services to clients
throughout the United States since 1937. Its subsidiaries include Ivy
Investments, an asset manager and distributor of investment products to
retail and institutional clients; and Waddell & Reed, Inc., a
broker-dealer with nationally based independent financial advisors. For
more information, visit ir.waddell.com.

IVY INVESTMENTS℠ refers to the investment management and investment
advisory services offered by Ivy Investment Management Company, the
financial services offered by Ivy Distributors, Inc., a FINRA member
broker dealer and the distributor of IVY FUNDS® mutual funds and IVY
VARIABLE INSURANCE PORTFOLIOS®, and the financial services offered by
their affiliates.

Contacts

Roger Hoadley
VP, Communications
rhoadley@waddell.com

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