Waddell & Reed no longer plans to occupy new HQ in downtown KC - Kansas City Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Waddell & Reed announces layoffs; won t move to downtown headquarters under construction
KSHB
and last updated 2021-03-02 16:18:07-05
KANSAS CITY, Mo. â Waddell & Reed, an Overland Park-based financial services company, notified the state of Kansas last week of plans to lay off more than 200 workers.
The company also won t occupy a new building currently under construction in downtown Kansas City, Missouri, according to a Macquarie Asset Management spokesperson.
Macquarie Asset Management announced in December 2020 that it was acquiring Waddell & Reed
for $1.7 billion. As part of the deal, Waddell & Reedâs wealth management platform will be divested to LPL Financial Holdings.
The fallout from that acquisition is beginning to come into focus.
Can LPL s deal for Waddell & Reed s wealth management arm transform the asset manager s distribution channel? financial-planning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-planning.com Daily Mail and Mail on Sunday newspapers.