Brent Bloss - Waddell Reed President
President
Mr. Brent K. Bloss is Chief Operating Officer, Executive Vice President of the Company. Mr. Bloss served as Senior Vice President, Chief Financial Officer and Treasurer of the Company from March 2014 to February 2018. Prior thereto, Mr. Bloss was Senior Vice President Finance and Principal Accounting Officer of the Company since July 2007 and Treasurer of the Company since January 2006. Previously, he served as Vice President of the Company from April 2004 to July 2007, as Assistant Treasurer of the Company from January 2002 to January 2006, and as Assistant Vice President from January 2002 to April 2004. From September 1995 to December 2001, he served in various roles in the audit practice of KPMG. Mr. Bloss joined the Company in January 2002. since 2020.
| Age | 50 |
| Tenure | 5 years |
| Professional Marks | CPA |
| Phone | 913 236-2000 |
| Web | www.waddell.com |
Waddell Reed Management Efficiency
The company has Return on Asset of 6.86 % which means that on every $100 spent on assets, it made $6.86 of profit. This is considered to be average in the sector. In the same way, it shows a return on shareholders' equity (ROE) of 9.34 %, implying that it generated $9.34 on every 100 dollars invested. Waddell Reed's management efficiency ratios could be used to measure how well Waddell Reed manages its routine affairs as well as how well it operates its assets and liabilities.Waddell Reed Financial has 110.11 M in debt with debt to equity (D/E) ratio of 0.15, which may show that the company is not taking advantage of profits from borrowing. Waddell Reed Financial has a current ratio of 2.33, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Waddell to invest in growth at high rates of return.
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Management Performance
| Return On Equity | 9.34 | |||
| Return On Asset | 6.86 |
Waddell Reed Financial Leadership Team
Elected by the shareholders, the Waddell Reed's board of directors comprises two types of representatives: Waddell Reed inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Waddell. The board's role is to monitor Waddell Reed's management team and ensure that shareholders' interests are well served. Waddell Reed's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Waddell Reed's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kathie Andrade, Independent Director | ||
| Jerry Walton, Independent Director | ||
| Thomas Godlasky, Independent Chairman of the Board | ||
| Katherine Kline, Independent Director | ||
| Sharilyn Gasaway, Independent Director | ||
| Michael Morrissey, Independent Director | ||
| Constance Weaver, Independent Director | ||
| Brent Bloss, President, Chief Operating Officer, Executive Vice President | ||
| Daniel Hanson, Senior Vice President Chief Investment Officer | ||
| Mark Buyle, Senior Vice President, Chief Legal Officer, General Counsel, Secretary | ||
| Shawn Mihal, Senior Vice President – Wealth Management, President of Waddell & Reed, Inc. | ||
| James Jessee, Independent Director | ||
| Amy Scupham, Senior Vice President – Distribution, President of Ivy Distributors, Inc. | ||
| Eric Meltzer, Senior Vice President, Chief Technology Officer | ||
| Dennis Logue, Independent Director | ||
| Philip Sanders, Chief Executive Officer, Chief Investment Officer, Director | ||
| Benjamin Clouse, Chief Financial Officer, Senior Vice President, Treasurer | ||
| Christopher Rackers, Chief Human Resource Officer, Senior Vice President |
Waddell Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Waddell Reed a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 9.34 | |||
| Return On Asset | 6.86 | |||
| Profit Margin | 6.71 % | |||
| Operating Margin | 13.86 % | |||
| Current Valuation | 903.42 M | |||
| Shares Outstanding | 62.18 M | |||
| Shares Owned By Insiders | 3.52 % | |||
| Shares Owned By Institutions | 96.48 % | |||
| Number Of Shares Shorted | 2.78 M | |||
| Price To Earning | 23.14 X |
Pair Trading with Waddell Reed
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Waddell Reed position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Waddell Reed will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Microsoft - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Microsoft to buy it.
The correlation of Microsoft is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Microsoft can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Other Consideration for investing in Waddell Stock
If you are still planning to invest in Waddell Reed Financial check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Waddell Reed's history and understand the potential risks before investing.
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