Waddell & Reed Financial Advisors has said that it will open a financial advisor office in Kansas City in August this year.
The firm plans to add approximately 15 new financial advisors and related support staff for the new office.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Thomas Butch, president of Waddell & Reed, said: "It’s important for our advisors to have a presence in all parts of the community, to be accessible and visible. We are building this space with state-of-the-art technology in an inviting environment.
"With more people seeking financial guidance amid a changing financial landscape, it makes sense for us to broaden our availability to the many who live, work and shop on the Plaza and surrounding areas."
Founded in 1937, Waddell & Reed also serves as principal underwriter and distributor to the Waddell & Reed Advisors Group of Mutual Funds, Ivy Funds Variable Insurance Portfolios and InvestEd Portfolios.
It is a subsidiary of Waddell & Reed Financial, which had approximately US$127 billion in firm wide assets under management at 31 December 2013.
