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Waddell & Reed Financial WDR Waddell
& Reed Financial, Inc. conducts business through its subsidiaries, and mostly
provides investment management, investment product underwriting and
distribution, and shareholder services administration to mutual funds and
institutional and separately managed accounts. The company sells its
investment products through three distribution channels: the Advisors
channel, the Wholesale channel and the Institutional channel. In the Advisors
channel, its sales force consists of 2,250 financial advisors, who focus their
efforts mainly on the sale of investment products advised by the company. The
Advisors channel's primary market is middle income and mass affluent
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