Founded in 1937, Waddell & Reed Inc. is one of the oldest mutual fund complexes in the United States. Through its subsidiaries, the company has been providing investment management and financial planning services to clients throughout the United States. Waddell & Reed Investment Management Company serves as investment advisor to the Waddell & Reed Advisors Group of Mutual Funds, Ivy Funds Variable Insurance Portfolios Inc. and Waddell & Reed InvestEd Portfolios Inc., to name a few.