Waddell & Reed

  www.waddell.com
  www.waddell.com
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Waddell & Reed Reviews

Updated September 14, 2014
Updated September 14, 2014
154 Reviews
3.5
154 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Waddell & Reed President, CEO, and Director Hank Herrmann
Hank Herrmann
98 Ratings

Review Highlights

Pros
  • Great resources to some of the best mutual funds in the industry (in 21 reviews)

  • Freedom to own my book of business (in 5 reviews)


Cons
  • You will get pressured into bringing your family and friends on board (in 7 reviews)

  • I didn't know that when I signed on to become a Financial Advisor (in 10 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Analyst  in  Annapolis, MD
    Current Employee - Financial Analyst in Annapolis, MD

    I have been working at Waddell & Reed full-time for more than a year

    Pros

    Training very good, happy with approach

    Cons

    100% commission is a great disadvantage

    Advice to ManagementAdvice

    Be honest to your employees

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 3 people found this helpful  

    Wouldn't waste my time with this low budget firm.

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

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

    Pros

    You can feel like a professional and build a client-base. Office conveniently located in Maitland, Florida.

    Cons

    They want you to sell their mutual funds and products whether it is the right investment for the client or not. When I brought in business but put in a different mutual fund family that the client had asked for, I was chastised for "not being a part of the team."

    Advice to ManagementAdvice

    Advertise so the average American will have actually heard of the company. Get better fund managers who can produce solid returns. The money will come back to you in investment.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    Best experience for employment in this market

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor Trainee  in  Virginia Beach, VA
    Current Employee - Financial Advisor Trainee in Virginia Beach, VA

    I have been working at Waddell & Reed full-time for less than a year

    Pros

    Training is not overpowering and very helpful; excellent Friday AM case prep meetings; great people in office; very nice senior advisors which is rare; very flexible and reasonable work environment; happy place to work

    Cons

    cubicles but at least I don't pay rent costs

    Advice to ManagementAdvice

    continue the great support- you really are an "Agent's Manager"

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    Great culture and advisory opportunity for driven individuals

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

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

    Pros

    Company culture, company support, successful products and services sell themselves

    Cons

    100% Commission-based, responsible for much of own business expenses

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Tough Industry... But Great Company

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

    I have been working at Waddell & Reed full-time for less than a year

    Pros

    Good company that is well respected. They own Ivy Funds and have great investment options for clients

    Cons

    Basically all commission. Can be very long hours to get the job done.

    Advice to ManagementAdvice

    Provide more SALES TRAINING. Not just product training.

    Recommends
    Neutral Outlook
    Approves of CEO
  7. 2 people found this helpful  

    Stable book

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

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

    Pros

    good people, back office is readily accessible

    Cons

    no training good for someone with an established book of business

    Advice to ManagementAdvice

    cast a smaller net for advisors

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  8.  

    Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern  in  Tallahassee, FL
    Former Employee - Intern in Tallahassee, FL

    I worked at Waddell & Reed as an intern for less than a year

    Pros

    Good introduction to business concepts and settings

    Cons

    Unpaid internship, pay is based off of commission,

    Recommends
    No opinion of CEO
  9. 2 people found this helpful  

    Not worth working at Weddell if you expect a salty or immediate work. In addition you need to spend your money

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

    I have been working at Waddell & Reed full-time for less than a year

    Pros

    Good earnings if you are a born salesperson and can afford to spend money and earn nothing for 60 to 90 days

    Cons

    No Salary. Job materializes after spending $1500 to obtain the 3 licenses. No earnings if you cannot find clients for them

    Advice to ManagementAdvice

    You are doing great. Why pay for people? Let them spend their money. You cann afford an unlimited amount of people because you pay them only if they earn money for you

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Not for me.

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

    I have been working at Waddell & Reed as a contractor

    Pros

    Good company with solid values & quality funds offered.

    Cons

    NOT IN THE LEAST BIT AUTOMATED. Challenging to work with the systems.

    Doesn't Recommend
    No opinion of CEO
  11.  

    The filing clerk internship?

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

    I worked at Waddell & Reed as an intern for less than a year

    Pros

    From what I could see they give future employees much support through engaging classes and on the job training.

    Cons

    The internship was mostly filing and occasionally sitting in on classes for new recruits-enough to help you see whether you want this or not. Pay seems meager and mostly based off clients rather than salary, which seems to exist only for the first year. As an intern they had me filter through resumes online for future hires which was odd. Also, compared to other internships, this place seemed incredibly unfriendly. They dont even give the advisors office supplies.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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