Waddell & Reed Reviews

Updated August 27, 2015
202 reviews filtered by
  • Any Location
  • Any Job Title
  • Full-time
  • Part-time
Employment Status

Reset
3.6
Rating Trends
Recommend to a friend
Approve of CEO
Waddell & Reed President, CEO, and Director Hank Herrmann
Hank Herrmann
124 Ratings

Pros
  • Waddell & Reed Mutual Funds are fantastic with great leadership at the flagship (in 22 reviews)

  • Pioneers of financial planning and great lineup of mutual funds (in 10 reviews)

Cons
  • If you are a new Financial Advisor or are a less established (in 12 reviews)

  • Hard to survive the first year, 100% commission, pay yourself to get started (in 9 reviews)

More Pros and Cons

202 Employee Reviews

Sort: Popular Rating Date
  1. Helpful (1)

    Good people

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Advisory Products Consultant in Overland Park, KS
    Current Employee - Advisory Products Consultant in Overland Park, KS
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Waddell & Reed (More than 5 years)

    Pros

    Growing company with focus on improving antiquated systems and processes. Opportunities for career growth by moving across various departments.

    Cons

    A little behind the ball in improving systems and processes. Should have happened 10 years ago. Managing change a challenge, especially with certain employees who've been around for several decades.


  2. ADMIN Assistant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Good work environment, flexible hours, make your own schedule.

    Cons

    Need to be licensed to move up and make more money.


  3. Helpful (1)

    Enjoyable Place to Work!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Sherman Oaks, CA
    Current Employee - Financial Advisor in Sherman Oaks, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Waddell & Reed full-time (More than a year)

    Pros

    100% commission allows flexibility to run your practice as you choose, Management support is great! Office culture is relaxed and fun but we get a lot of work done. Another plus is they have great performance on their investments so it makes for an easy sell.

    Cons

    Since it is commission based, there is no guaranteed pay.

    Advice to Management

    Keep up the good work supporting advisors. It is very useful to have you available to help close business and figure out what is best for our clients.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Advisor Assistant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Mission, KS
    Current Employee - Anonymous Employee in Mission, KS
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Waddell & Reed full-time

    Pros

    It can be fun and interesting work when you consider that you are helping people plan for their retirement.

    Cons

    Sales, sales, sales. The company is not high pressure sales, and very hands-off in your approach to clients, but at the end of the day, sales drive everything.


  6. Senior payment processor

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Kansas City, MO
    Current Employee - Anonymous Employee in Kansas City, MO
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Waddell & Reed (More than a year)

    Pros

    Coworkers were great to work with

    Cons

    Too many long hours throughout the year


  7. Financial advisor or financial planner career

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Torrance, CA
    Current Employee - Financial Advisor in Torrance, CA
    Recommends
    Approves of CEO

    I have been working at Waddell & Reed full-time (Less than a year)

    Pros

    Best team and experience of any interviews I had. Managers care about difference they make with advisors and clients.

    Cons

    Name recognition not so good but lots of great press changing that recently

    Advice to Management

    Thanks for supporting my success


  8. Love this company!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Torrance, CA
    Current Employee - Financial Advisor in Torrance, CA
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Waddell & Reed full-time (More than a year)

    Pros

    Advisor career best of class done the right way -the way financial planning should be done! Mentorship & training was excellent and managers care!

    Cons

    Business owner mentality is a tough adjustment but with company support best decision ever made


  9. Its not terrible

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Waddell & Reed full-time

    Pros

    Lots of networking opportunities. It's a matter of how driven you are.

    Cons

    It sucks that its commission based


  10. Solid Company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Advisor in Costa Mesa, CA
    Current Employee - Associate Advisor in Costa Mesa, CA
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Waddell & Reed full-time (More than 5 years)

    Pros

    Many of the people who work for Waddell & Reed stay there a long time. This gives the company an enjoyable culture.

    Cons

    The technology and processes of Waddell & Reed are slow and outdated. This is improving, but not as quickly as it should. They typically push proprietary products.

    Advice to Management

    Keep making technology upgrades to speed up the paperwork process. Try to get more sales training to your advisors. Allow all advisors to access most of the mutual funds and ETFs so they can provide the client with the best product to fit the needs of the client.


  11. BAD

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Intern in San Diego, CA
    Current Employee - Intern in San Diego, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Waddell & Reed (More than a year)

    Pros

    None, no one really cares for you to succeed, you really have to do it on your own.

    Cons

    You pay your own licensing, commission based only. bad lazy unorganized managers.



Showing 202 of 237 reviews
Reset Filters
RSS Feed </> Embed

Your response will be removed from the review – this cannot be undone.