Waddell & Reed

www.waddell.com
There are newer employer reviews for Waddell & Reed

1 person found this helpful  

Used and abused

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

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

Pros

Good mutual fund family to sell.

Cons

Not given an adequate opportunity to succeed. Only used for your contact information.

Advice to ManagementAdvice

Provide young new advisors with more of a chance.

Doesn't Recommend
Neutral Outlook
Disapproves of CEO

186 Other Employee Reviews for Waddell & Reed (View Most Recent)

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  1. 1 person found this helpful  

    Good company but with multiple negatives

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

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

    Pros

    Waddell & Reed Mutual Funds are fantastic with great leadership at the flagship.

    Cons

    Captive brokerage platform with commission only pay structure focusing on sales rather than talent.

    Advice to ManagementAdvice

    There are too many poorly educated sales only focused advisors that give seasoned and edcuated advisors a bad name. Money gatherings is the only focus rather than solid good advice to clients. Open the platform to other mutual funds so that clients can have a broader array to choose from.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  2. 3 people found this helpful  

    i wanted to believe them and chose to blindly go through the training process

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Waddell & Reed

    Pros

    they sponsored me for my licenses....they were very nice and upbeat....their welcome packet was really stunning

    Cons

    all commission....i would have had to been so much more skeptical and read every little term/condition but instead i believed all of their half-truths....i wanted to believe the bologna they were shoveling in my direction....i was naive and young when i let them trick me

    Advice to ManagementAdvice

    i have never been in their shoes so i do not know what it is like to recruit FAs - and maybe they have to cast such a wide net that hopefully they can convince 1 out 10 young people to lock their friends and family in 3 year 12b1 nonsense....the turnover in the industry is so high that they must think that when these young FAs quit their family money will be trapped there....kinda shady

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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