Macquarie rachète Waddell & Reed pour 1,7 milliard de dollars (2024)

FAQs

How much did LPL pay for Waddell and Reed? ›

Last week, asset manager Macquarie announced it would acquire asset management firm and broker/dealer Waddell & Reed, then sell the firm's b/d business to LPL Financial for $300 million at close.

Waddell & Reed wealth management platform sold to LPL Financial. Macquarie Asset Management (MAM), the asset management division of Macquarie Group (ASX: MQG; ADR: MQBKY), today announced the completion of its acquisition of Waddell & Reed Financial, Inc.

(“Waddell & Reed”) from Macquarie Management Holdings, Inc. (“Macquarie”), a part of the asset management division of Macquarie Group (ASX: MQG; ADR: MQBKY), for a purchase price of approximately $300M. Over 900 Waddell & Reed advisors have committed to join LPL's platform.

In 2021, the company was purchased by the asset management division of Macquarie Group, becoming a wholly-owned subsidiary in the process. Waddell & Reed's wealth management business was acquired by LPL Financial in April 2021.

In a brokerage relationship, clients typically pay a commission to LPL on each transaction in the account. Clients don't pay commissions in an advisory relationship. The amount of the commission in a brokerage relationship varies depending on the security or investment product selected by the client.

When you partner with LPL, there are no complicated production thresholds or compensation grids. Most of our affiliation models offer payouts between 90% and 100%.

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To help safeguard client cash balances, LPL's cash management strategy seeks to mitigate risk with a focus on safety, security, and liquidity. Client cash swept through the LPL Insured Cash Account (ICA) and LPL Deposit Cash Account (DCA) is federally insured.

LPL Financial's analyst rating consensus is a Moderate Buy. This is based on the ratings of 10 Wall Streets Analysts.

(NYSE: WDR) today announced it has entered into a merger agreement with Macquarie Asset Management, the asset management division of Macquarie Group (ASX: MQG; ADR: MQBKY), under which Macquarie would acquire all of the outstanding shares of Waddell & Reed for $25.00 per share in cash representing total consideration ...

Who owns LPL Financial? ›

LPL Financial Holdings Inc (NASDAQ:LPLA)

Institutional investors hold a majority ownership of LPLA through the 95.94% of the outstanding shares that they control. This interest is also higher than at almost any other company in the Investment Banks/Brokers industry.

One of the oldest asset management firms in the United States, Delaware Investments was founded in 1929 at the start of the Great Depression and introduced its first mutual fund in 1938. Macquarie Group Limited acquired the firm from Lincoln Financial Group in 2010.

The Walter Reed Army Medical Center closed in 2011. By Act of Congress, the hospital was merged with the National Naval Medical Center in Bethesda, Maryland, and was redesignated “The Walter Reed National Military Medical Center."

On Dec. 2, 2020, Waddell & Reed WDR, the parent company of Ivy Investments, announced that it would be acquired by Macquarie Asset Management and expects the deal to close in mid-2021.

LPL Closes Acquisition of Financial Resources Group.

LPL Financial today announced it had entered into a definitive purchase agreement to acquire wealth management business Crown Capital Strategies.

Bottom line. Higher interest rates fueled a massive hike in profits for LPL in 2022. For the year, the company generated net income of $845.7 million on revenue of $8.6 billion, or $10.60 per share. Profits and earnings per share soared 84% from the prior year, while revenue jumped 11%.