Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:15. Tom Butch Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, November 25, 2009

2009 MOST INFLUENTIAL PEOPLE -- DISTRIBUTION
15. Tom Butch

Reported by InvestmentWires Staff, 

Tom Butch
President and CEO; Senior Vice President, Ivy Funds Distributor; Waddell & Reed
Seven years ago, Waddell & Reed broke from its long-running strategy of selling its mutual funds exclusively through in-house advisors. Tom Butch shepherded the Overland Park, Kansas-based firm's foray into third-party distribution and under his watch, assets in the wholesale channel ballooned from about $1 billion in 2003 -- when Waddell relaunched its fund lineup under the Ivy Funds brand on the heels of its purchase of Mackenzie Investment Management -- to nearly $30 billion today. Around 43,000 unaffiliated brokers have sold the Ivy Funds.

Anchored by Ivy Asset Strategy and Global Natural Resources funds, Ivy has been one of the fastest growing mutual fund families for the last three years, according to FRC.

Earlier this year, Butch and Brad Ross, whom he hired in 2003 as national sales manager, bagged the Sales Success of the Year Award handed out by Fund Action and Fund Direction.

Butch also leads Waddell & Reed's retail broker-dealer, which traces its roots to 1937 and currently counts 2,500 financial advisors. Last year, Butch oversaw the launch of a full-service brokerage platform through Pershing.

The Pittsburgh native joined Waddell in November 1999 from Stein Roe & Farnham in Chicago, where he was president of the mutual fund division. Earlier, he worked at Mellon Financial for 13 years. 

See the list of all the 2009 Most Influential People



Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use