Legend Advisory Corp., subsidiary of Waddell & Reed, has been using artificial intelligence to invest mutual funds into various assets. Legend has applied this practice when managing retirement plans, endowments, foundations, institutions and individual assets. "We’re doing some phenomenal stuff," said Jim Leos, of the Legend Group and Legend’s regional vice president for Arizona. "We wanted to figure out what was the most proactive and scientific way to manage money that takes out the human emotions greed and fear. We’ve done that."