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.