Waddell & Reed Reviews

Updated August 3, 2015
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196 Employee Reviews

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  1. Helpful (1)

    Former advisor

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

    I worked at Waddell & Reed full-time

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Offer good products All of management is there to help the advisors Solid training program

    Cons

    Do not offer a draw on salary to new hires Management is mean when you leave the company

    Advice to Management

    Offer a salary to those who aren't making any money when they first start!


  2. Helpful (2)

    Financial Advisor-Much Better Opportunity Elsewhere

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

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

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

    Pros

    Longevity Strong Performance of Mutual Funds Financial Planning focused

    Cons

    Benefits are extremely costly Technology outdated Discourage use of non-proprietary products


  3. Helpful (2)

    Flat out deceit

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

    I worked at Waddell & Reed (Less than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    flexible schedule, some of the other advisors and 1 admin were nice.

    Cons

    the management lies to you. convince you to bring your friends in and then they will lie to your friends. you are told tales of making 100K+ and then comes day 1 and you realized there are people there not clearing 30K a year. very deceitful in their sales tactics as well. BAD COMPANY!

    Advice to Management

    find a soul/ new way of doing business


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  5. Helpful (3)

    Field Administrator

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Field Administrator in Kansas City, MO
    Former Employee - Field Administrator in Kansas City, MO

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

    Pros

    Nice people to work with.

    Cons

    Contract position so pay wasn't great.


  6. Waddell & Reed - Charlotte

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

    I have been working at Waddell & Reed

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Waddell & Reed financial advisors build their own practice around a comprehensive approach to financial planning. The company has a culture of teamwork and mentorship. The open architecture, the fiduciary responsibility, and the support of our Managing Principal allow us to take care of clients at the highest level.

    Cons

    Being a financial advisor comes with responsibilities that most employees don't have, responsibilities that most people don't want. You have to plan for becoming a financial advisor as something that is right for you. It's not for everyone.


  7. Financial Intern

    Former Employee - Financial Advisor Intern in Porter Ranch, CA
    Former Employee - Financial Advisor Intern in Porter Ranch, CA

    I worked at Waddell & Reed (Less than a year)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Great Culture Hands On Great Networking

    Cons

    Base Salary is low Not for everyone Takes time to adjust to Lingo

    Advice to Management

    Keep up the good work


  8. Helpful (1)

    Intern

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Moreno Valley, CA
    Former Employee - Anonymous Employee in Moreno Valley, CA

    I worked at Waddell & Reed (Less than a year)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Good on hand experience and learning

    Cons

    Not enough support or guidance.

    Advice to Management

    Explain and guide interns


  9. Financial Analyst

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

    I worked at Waddell & Reed

    Recommends
    Recommends

    Pros

    Branch manager was very hands on and helpful. Interview process was not difficult. Very basic questions, not anything out of the ordinary.

    Cons

    Series 7 exam was harder than expected. Want you to find your own leads. Prospecting was kind of difficult. No stipend, tough career coming straight out of college


  10. Financial Advisor Intern

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Waddell & Reed

    Pros

    The people who work for this company are straight shooters who understand the business, and put their clients in front of themselves.

    Cons

    Unpaid internship, however if you take it for credit at your school they will pay you for the credits.


  11. Intern

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Waddell & Reed

    Pros

    Friendly staff/people Learn new things Not much commitment needed

    Cons

    Not really any hands on experience



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