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Caring staff, client needs are always put first. Lots of ways to make money with the company.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Financial Advisor in Bloomington, MN
Former Employee - Financial Advisor in Bloomington, MN

I worked at Waddell & Reed full-time (More than a year)

Positive Outlook
Approves of CEO
Positive Outlook
Approves of CEO

Pros

Solid Mutual Fund Management and frequent communication with Board Members

Cons

Bad use of "orphan's" lists...

Advice to Management

Develop an internal database for all W&R clients updated frequently and powerful!

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  1. Helpful (2)

    A small company compared to the competition with opportunities based on sales expertise

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Financial Advisor in Tacoma, WA
    Former Contractor - Financial Advisor in Tacoma, WA

    I worked at Waddell & Reed as a contractor (More than a year)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Good training, conservative values, with room for advancement. There are no boundaries as far as territory goes that would otherwise limit where you can do business. There are some exclusive products you can offer and home office generally looks over your shoulder to be a help.

    Cons

    Commissions and compensation in general is lower than the competitions'. Marketing efforts of the companies' products are heavily dependent on individual marketing efforts, so you don't have a household name so to speak as far as your products go.

    Advice to Management

    With a small company like this, you don't have to have so many chiefs and so little Indians. If you have production issues and concerns about advisors' activities, going through 'management' to get feedback on the situation only gives you the watered down version. With a minimally extra time investment you can get directly with the advisors. Get out of your ivory towers and mingle more.

  2. Helpful (4)

    A pleasant work environment with some good people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor in Los Angeles, CA
    Current Employee - Financial Advisor in Los Angeles, CA

    I have been working at Waddell & Reed full-time (More than 3 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Depending on the managing principal and your own personal level of production, you have flexibility to manage your business the way you want. The company provides resources to help advisors provide service to their clients. I think the information available from the fund managers, conference calls, and company meetings help you bring value to your clients.

    Cons

    Not for those who want complete independence like an LPL company. Their compliance department is frustrating because policies will changes based off of whose eyes are looking at it. Can make business submissions a frustrating process. At times you'll wonder if they even want you to process business. Frequent form updates that are more aesthetic than practical.

    Advice to Management

    Have compliance come up with some efficient and advisor friendly policies and forms and stick with them.

There are newer employer reviews for Waddell & Reed
There are newer employer reviews for Waddell & Reed

See Most Recent

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