Waddell & Reed

Cybersecurity Guarantee

For nearly 80 years, Waddell & Reed has been helping people prepare for their financial futures. Consistent with this history of serving clients’ financial needs, Waddell & Reed is fully committed to ensuring the online security of your assets. To protect your investments, Waddell & Reed maintains comprehensive information security policies and procedures that are designed to safeguard your personal information and investment accounts.

Guaranteed Protection1

In the unlikely event of an unauthorized withdrawal from either your Waddell & Reed mutual fund2 or brokerage account – through no fault of your own and by someone who improperly accessed Waddell & Reed’s systems – Waddell & Reed will reimburse the stolen funds into your account.

Your Responsibilities

In order to be eligible for this cybersecurity guarantee, you must take the necessary steps to protect your account from unauthorized access.

  • If you have authorized online access to your accounts, you are responsible for protecting your online user name and password. Regardless of whether you have authorized online access to your accounts, you are responsible for protecting your account information from unauthorized disclosure to others.
  • You are responsible for reviewing your transaction confirmations and account statements promptly and carefully, and for informing us immediately of any concerns. You should notify us within 60 days after the date of the unauthorized withdrawal to take advantage of the cybersecurity guarantee. For mutual fund accounts, call 1-888-WADDELL (1-888-923-3355) and for brokerage accounts, call 1-866-937-0010.
  • Make sure that you have updated anti-virus software, personal firewalls and any recommended software updates installed on your computers.
  • Avoid sharing personal or account information electronically.

Upon being notified of suspected unauthorized access to a client’s accounts, Waddell & Reed will investigate to determine whether unauthorized access has occurred and, if so, to assess the scope and cause of the unauthorized access. Please allow sufficient time for Waddell & Reed to investigate and respond.

1 This cybersecurity guarantee does not apply to check-writing withdrawals. This cybersecurity guarantee is designed to protect you against unauthorized withdrawals from your accounts due to cybersecurity breaches, and is in no way a guarantee against investment or other loss. Reimbursement is limited to the amount of unauthorized withdrawals and does not include any other damages, such as special, indirect, incidental, consequential, punitive or exemplary damages, or lost profits, lost opportunities, non-monetary or other damages. You will not be eligible for reimbursement if you have been reimbursed by another party for any unauthorized withdrawals or if the unauthorized withdrawals are deposited into your bank account or other account owned by you. Waddell & Reed reserves the right to discontinue this cybersecurity guarantee at any time without notice.

2 Covered mutual fund accounts include accounts held directly with the Waddell & Reed Advisors Funds, Ivy Funds and InvestEd Portfolios. Waddell & Reed Inc.

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