Financial Advisor - Financial Advisor Waddell & Reed Employee Review

2.0
28 Sept 2016
Recommend
CEO approval
Business outlook

Pros

Good place to be an advisor if you already have a book of business. Above average payouts compared to industry standard.

Cons

Very tough place to break into the business. Upper management is all over the place, you have three different managers telling you nine different things. Little to no product training, you are all on your own in a business that requires guidance in the beginning. It is also a very conservative place to work. Also very proprietary, you can only sell W&R or Ivy funds and those haven't been so great in recent years. Worst part of all is you are on 100% commission from day one.

Explore other reviews about Waddell & Reed

5.0
29 Aug 2025
Recommend
CEO approval
Business outlook

Pros

Actually liked working here culture

Cons

No longer exists bought by lpl

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