Founded in 1937, Waddell & Reed Inc. is one of the oldest mutual fund complexes in the United States. Located in Monroeville, Pa., the company offers a range of products and services, such as mutual funds, education funding, insurance, retirement plans and financial planning. Waddell & Reed Inc. serves as principal underwriter and distributor to the Waddell & Reed Advisors Group of Mutual Funds, Ivy Funds Variable Insurance Portfolio Inc. and Waddell & Reed InvestEd Portfolios Inc.