Ivy Investment Management Company (Overland Park)

Name: Ivy Investment Management Company
Address: 6300 Lamar Avenue, Overland Park, KS, 66202
Telephone: 913-236-2000

Ivy Investment Management Company is a large advisory firm based in Overland Park. It manages $67.78 billion of regulatory assets for 142 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Kansas, Louisiana, and Texas.

Ivy Investment Management Company provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ivy Investment Management Company: assets under management

The assets under management (AUM) of Ivy Investment Management Company is $67.78 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1623% since the beginning of its operation, and $152.98 million of the total AUM is attributable to clients outside of the United States.

The firm manages $67.78 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $477.32 million each.

Ivy Investment Management Company has custody of $33.1 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 67% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ivy Investment Management Company for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Michael Durwood Strohm serves?

The firm provides services to insurance companies, investment companies, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Michael Durwood Strohm is investment companies with 91 clients and $65.44 billion of assets under management. Among the 11 most similar advisory firms, Ivy Investment Management Company has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $67.54 billion for 133 clients. 1% of the firm’s clients are foreign persons or businesses.

Ivy Investment Management Company also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $2,000,000 for each fund.

Careers at Ivy Investment Management Company

The company employs 145 people that are either part- or full-time employees. 66 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Michael Durwood Strohm has been acting as President since 1 Dec 2002. Daniel Partner Hanson joined the executive team most recently as the Senior Vice President, Chief Investment Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Henry John Herrmann	President, director, chairman of the board & chief executive officer	1 Dec 2002	Other	1923549
Thomas William Butch	Director, senior vice president & chief marketing officer	1 Dec 2002	Other	2585957
Michael Durwood Strohm	Director	1 Dec 2002	Other	711661
Kristen Anne Richards	Senior vice president, associate general counsel & chief compliance officer	1 Dec 2002	Other	2230028
Inc. Waddell & Reed Financial	Shareholder	1 Dec 2002	75% - 100%	51-0261715
Daniel Charles Schulte	Senior vice president, general counsel and assistant secretary	1 Dec 2002	Other	3096034
Wendy Jacqueline Hills	Secretary	1 Dec 2002	Other	3096057
Scott Jeffrey Schneider	Compliance officer	1 Jan 2004	Other	2456000
Lawrence Joseph Cipolla	Senior vice president	1 Jan 2004	Other	2367658
John Earl Sundeen	Executive vice president, chief administrative officer & director	1 Jun 2004	Other	1159592
Daniel Paul Connealy	Senior vice president, chief financial officer	1 Jun 2004	Other	4519810
Michael L Avery	Executive vice president and director	1 Jun 2005	Other	3058312
Philip James Sanders	Chief investment officer, senior vice president and director	1 Aug 2010	Other	2665543
Kurt Augustus Sundeen	Senior vice president, chief operations officer	1 Oct 2013	Other	2097982
Wendy Jacqueline Hills	Secretary, general counsel & senior vice president	1 Feb 2014	Other	3096057
Brent Kyle Bloss	Senior vice president, chief financial officer, treasurer & director	1 Mar 2014	Other	4494253
Jon Jason Richie	Senior vice president and chief compliance officer	1 Jul 2015	Other	4887373
Daniel Ganteanme Scherman	Senior vice president & chief risk officer	1 Jul 2016	Other	4938175
Philip James Sanders	President, director, chairman of the board, chief executive officer & chief investment officer	1 Aug 2016	Other	2665543
Benjamin Russell Clouse	Senior vice president, chief financial officer	1 Feb 2018	Other	6563686
Mark Patrick Buyle	Senior vice president and general counsel	1 Aug 2018	Other	2656200
Daniel Partner Hanson	Senior vice president, chief investment officer	1 Jun 2019	Other	3076644

Based in Overland Park

The principal office where Ivy Investment Management Company performs its advisory services is located at 6300 Lamar Avenue, Overland Park, KS 66202, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 913-236-2000. The normal business hours are 8:00 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at ivyfunds.com.