On February 11, 2016, the Board of Directors of Waddell & Reed Financial, Inc. appointed Mr. Benjamin R. Clouse as Vice President and Principal Accounting Officer of the Company, effective March 1, 2016. Mr. Clouse, age 42, joined the Company in October 2015 as Vice President, Finance. Prior to joining the Company, Mr. Clouse served as Chief Financial Officer of Executive AirShare Corporation from September 2012 to October 2015.

From 2006 to 2012 and from 2002 to 2005, he served in various roles with H&R Block, Inc., including Assistant Vice President - Audit Services and Assistant Vice President and Controller - Tax Services. From 2005 to 2006, Mr. Clouse served as Vice President - Finance and Corporate Controller of Gold Bank Corporation, Inc. Prior to 2002, he served in various roles in the audit practice of Deloitte & Touche, LLP.