Waddell & Reed Reviews | Glassdoor

Waddell & Reed Reviews

Updated November 7, 2017
341 reviews

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341 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. "Senor Graphic Designer"

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

    I have been working at Waddell & Reed full-time

    Pros

    Waddell & Reed is a financial services company that manages a family of mutual funds and sells them primarily through two channels: Broker/dealer financial advisors and third-party (Ivy Investments). It's a family friendly, small-company vibe. Great colleagues. Decent pay, good benefits. Home office is based in Kansas City.

    Cons

    Sometimes it feels as if the company is quite a few years behind the times when it comes to technology and I.T. in general. There have been a couple rounds of lay-offs over the last ten years. The company has struggled financially in recent years and is fighting some headwinds in terms of the markets and its niche there.

    Advice to Management

    Find ways to make sure your employees feel appreciated. Look at ways to make the workload lighter by investing in technology.


  2. "Associate"

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

    I have been working at Waddell & Reed full-time

    Pros

    The place has a lot of good people willing to help each other out if needed. I would say it's a good start if one does not have a lot of prior work experience.

    Cons

    It has a more lower paying job for some of the entry level job postings, if you're okay with that then awesome. The training is adequate, but could use some work as always.

    Advice to Management

    Keep up with getting with the times and keep on improving. It seems exactly what the company needs at this point in time.

  3. Helpful (2)

    "Reach a Peak"

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

    I worked at Waddell & Reed full-time (More than 8 years)

    Pros

    W&R is good about promoting within. They encourage training and FINRA registrations and will pay for all of your licenses. The benefits are competitive within the industry.

    Cons

    Pay is low compared to industry standards. Dress code is out-dated and unnecessary. Lots of politics and red tape even with a simple request. You will reach a peak in your career where someone decides you should not move forward. Lots of unnecessary middle management so you will have lots of bosses to report to. They do not embrace the future with ease.

    Advice to Management

    Ask and then listen to employees. Give more options for better health - a gym, standing desks, etc. Reward good employees who show up and actually work. Pay according to industry standards and cut unnecessary meat.


  4. Helpful (1)

    "Unsure"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Waddell & Reed full-time

    Pros

    Great benefits but big changes are likely coming in 2018

    Cons

    No transparency from executive leadership.


  5. "Staff Accountant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Staff Accountant in Overland Park, KS
    Current Employee - Staff Accountant in Overland Park, KS
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    -Work/Life balance
    -Ability to leave early or come in late when in slow season

    Cons

    -Tall cubes and not much interaction

    Advice to Management

    For those that have been with the company for a while, don't forget to allow a learning curve for those coming in new


  6. "Financial Advisor"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Waddell & Reed full-time

    Pros

    Great place to learn and grow

    Cons

    no down sides to working here


  7. Helpful (1)

    "Established and Reputable Company, Not Structured for Young People Entering the Industry"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor Assistant in Duluth, MN
    Current Employee - Financial Advisor Assistant in Duluth, MN
    Recommends
    Positive Outlook

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

    Pros

    Working as an assistant to an advisor you gain exposure to all daily responsibilities of a financial planner. This position helped me develop administrative skills.

    Cons

    There is a complete lack of a mandatory training program for office support staff. It is up to advisors what work their assistants will be doing and which training seminars they are allowed to attend.

    Advice to Management

    I have since moved on to a firm that offers a comprehensive internship program in addition to in-house office support staff. They have a system to get young reps licensed as soon as possible in order to make them useful while honing their skills. Fewer assistants are necessary to start out, and there is a clear career path with defined responsibilities. Most assistants at my branch had been there for years before getting licensed out of their advisors pocket.

  8. Helpful (1)

    "Division Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Division Manager in Rochester, NY
    Former Employee - Division Manager in Rochester, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Waddell & Reed full-time (More than 3 years)

    Pros

    Great flexibility in obtaining recruiting goals.

    Cons

    Upper management plays games with favorites.

    Advice to Management

    Develop a compensation system that rewards base pay. Smaller growth divisons are penalized under the current plan.


  9. "Antiquated"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Waddell & Reed full-time

    Pros

    Decent training from managers in the field.

    Cons

    Antiquated distribution system and poor fund performance.

    Advice to Management

    Sell the asset management business to a bank that can provide additional services. This will be the only way to keep the business afloat


  10. Helpful (1)

    "Bureaucratic"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Training and Development Specialist
    Current Employee - Training and Development Specialist
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Waddell & Reed full-time (More than 3 years)

    Pros

    Decent pay, good benefits, work/life balance

    Cons

    Behind the curve on tech, change moves at a snail's pace, not many opportunities for advancement


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