Waddell & Reed Reviews | Glassdoor

Waddell & Reed Reviews

Updated November 21, 2017
342 reviews

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3.2
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Waddell & Reed CEO Philip Sanders
Philip Sanders
19 Ratings

342 Employee Reviews

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Pros
  • Great work/life balance as you set your own schedule (in 15 reviews)

  • Waddell & Reed Mutual Funds are fantastic with great leadership at the flagship (in 25 reviews)

Cons
  • You will do 98% of the work for far under average pay, with little to no compensation (in 12 reviews)

  • Building a book of business is definitely the biggest con (in 10 reviews)

More Pros and Cons

  1. "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Financial Advisor
    Current Employee - Financial Advisor

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

    Pros

    Great place to transfer to as an established advisor with a large amount of AUM. Freedom to create the business you want, with extremely competitive compensation. Good culture and values.

    Cons

    Not a great place to start out as a new advisor. Minimum production requirements were raised to a level next to impossible for someone trying to start their business. No health insurance and few benefits.


  2. "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at Waddell & Reed full-time

    Pros

    Ability to set schedule. No ceiling on earning abilities.

    Cons

    No benefits, 100% commission, must pay for office space, tech fees.

  3. "You take all the risk..."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Denver, CO
    Former Employee - Financial Advisor in Denver, CO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Waddell hires some decent people, and you might meet some. I can't think of much more than that.

    Cons

    At Waddell, they will make you pay all the fees for licenses, technology, desk space, paper, etc, and when you close business, they will come after you to repay them after you leave. There is no training and their funds (Ivy and Waddell) have dramatically underperformed.

    Advice to Management

    I think the turn and burn hiring mentality should be changed. People come to you for guidance. Give them all the information before you hire them.


  4. "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Indian Wells, CA
    Current Employee - Financial Advisor in Indian Wells, CA
    Doesn't Recommend
    No opinion of CEO

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

    Pros

    I have a a professional office and title

    Cons

    No incentive base compensation provided

    Advice to Management

    Provide a base compensation package


  5. "Needs some work"

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

    I have been working at Waddell & Reed part-time

    Pros

    Great employees and office atmosphere is fun.

    Cons

    -Company software is outdated and has issues all the time.
    -No management
    -infrastructure change


  6. "Administrative Assistant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Administrative Assistant
    Current Employee - Administrative Assistant
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    Financial Advisors are nice people on the whole.

    Cons

    Communication in the company could be better.

    Advice to Management

    Support your people.


  7. Helpful (1)

    "Finance intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern - Hourly in Portland, ME
    Former Employee - Intern - Hourly in Portland, ME
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Great people
    good culture

    Cons

    Poor and confusing systems

    Advice to Management

    Get better technology

  8. "Human Resources"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Waddell & Reed full-time (More than 8 years)

    Pros

    Benefits, salary, culture, growth opportunity, location

    Cons

    No cons to share at this time.


  9. Helpful (1)

    "Caution, put on the bottom of pile."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Administrative Assistant in Colorado Springs, CO
    Former Employee - Administrative Assistant in Colorado Springs, CO
    Doesn't Recommend
    Negative Outlook

    I worked at Waddell & Reed full-time (More than 10 years)

    Pros

    You might meet a nice coworker

    Cons

    Everything. You will do 98% of the work for far under average pay, with little to no compensation.

    Advice to Management

    Never hire anyone again, never attempt to partner or form a team, learn to do the job of any employees before you ever consider hiring anyone again.


  10. Helpful (2)

    "FA"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Waddell & Reed full-time

    Pros

    Great Hours great people tough standards

    Cons

    Management in CHAOS not sure which way to gooooo

    Advice to Management

    Treat your employees like you would like to be treated


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