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Waddell & Reed Reviews

157 Reviews
3.4
157 Reviews
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Waddell & Reed President, CEO, and Director Hank Herrmann
Hank Herrmann
99 Ratings
  1. 4 people found this helpful  

    Nightmare Firm

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Financial Advisor in Tucson, AZ
    Former Employee - Financial Advisor in Tucson, AZ

    I worked at Waddell & Reed

    Pros

    This company will sponsor anyone and everyone to get their Series 7, Series 66 and insurance licenses. You have to pay for it yourself, but once you have it - the license is yours. Great way to get your licenses before you go find a real job.

    Cons

    As far as the advisor channel (as they call it), the firm's entire focus is to bring on 'advisors' who know people with money. Waddell and Reed is the Mary Kay of finance - if you know rich people who will bring money to the firm - you're their ideal candidate. No financial or business experience/knowledge/savvy required.

    Advice to ManagementAdvice

    Be more honest and transparent about the fact that Waddell and Reed will offer no support with regards to finding clients - and that if new advisors don't have a phone book full of rich uncles before coming on board, that they should go find a real job instead.

    Doesn't Recommend
    Disapproves of CEO

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