Waddell & Reed Financial Advisors
A subsidiary of Waddell & Reed Financial, Inc.
6300 Lamar Ave.
Overland Park, KS 66202
Clearing firm: Pershing LLC
No. advisers: 1,403
No. franchises: 397
Year founded: 1937
Year end: Dec. 31
No. of retail offices: 398
Recruitment & Staffing
|No. of reps||1,403||1,467||1,906|
|No. of producing reps||1,060||1,367||1,780|
|No. of reps producing $100K-$499K /year||623||779||855|
|Total revenues: Other||$104,030,936||$81,310,189||$66,523,376|
|Total account assets||$51,265,839,191||$56,732,721,709||$51,728,127,516|
|Total account assets: Other||$30,058,860,286||$35,119,317,754||$33,371,823,068|
|Average assets per rep||$36,540,156||$38,672,612||$27,139,626|
August 17, 2019 - CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2018 Contact Phone/email Pershing One Pershing Plaza, Jersey City, NJ 07339 (800) 445-4467 pershing.com 625 -4.40% Michael Row Chief relationship...
June 5, 2019 - Three advisers who managed $185 million at Waddell & Reed Financial Advisors in Idaho Falls, Ida., have left and formed Teton Wealth Management, affiliating with the broker-dealer and registered investment adviser platforms of LPL Financial. (More:â€‹...
April 24, 2019 - Firm 2018 revenue ($M) % change vs. 2017 2018 commission revenue ($M) % change vs. 2017 2018 fee revenue ($M) % change vs. 2017 2018 other revenue ($M) % change vs. 2017 1 LPL Financial LLC 5188.4 21.2 1919.7 14.9 1793.5 27.3 1475.2 22.8 2 Ameriprise...
November 14, 2018 - Waddell & Reed Inc. will no longer lease office space for most of its 1,074 independent contractor brokers and advisers, requiring them to find and relocate to their own offices by the end of 2020. Most of the firm's brokers and advisers currently lease...
August 28, 2018 - Even as it seeks to build a more profitable business model, Waddell & Reed is seeing more experienced, productive financial advisers walk out the door, losing a half dozen in the Midwest in little more than a week. Three â€” Mike Smith in Louisville,...
August 22, 2018 - Waddell & Reed continues to lose reps and advisers. Most recently, a veteran, award-winning team in Northern California that produced $1.6 million in annual revenues bolted to start their own RIA. Elaine and Scott Manley both left Waddell & Reed on Aug....
August 18, 2018 - Has Trust Company of America hitched its wagon to a star or turned its back on loyal clients? It depends on whom you ask. Either way, the $275 million acquisition in April of TCA by discount broker ETrade has the custodian world buzzing. In one corner...
July 31, 2018 - Waddell & Reed Financial Advisors continued to lose brokers and advisers in the second quarter, although at a much slower pace than in the past. The broker-dealer reported that it lost 40 advisers in the most recent quarter compared with the quarter before,...
May 31, 2018 - Brokerage firms that sell lucrative proprietary products, such as mutual funds built and managed by company executives, face an inherent conflict of interest. It's a story that's as old as investing. When a registered rep sells a client such a fund, the...
May 17, 2018 - The brokerage industry is frantically remaking itself. Wall Street brokers are leaving the big banks and wirehouses in droves. Independent contractor firms like LPL Financial are binging on acquisitions, while competitors like Securities America Inc....
- N/A = Not available
- N/D = Not disclosed
- — = Information not available or not disclosed
All 2011-2016 recruitment and staffing data is as of Dec. 31 in the calendar year displayed. Prior year recruitment and staffing data is as of Sept. 30. All financial figures are for firms' year end, unless noted.
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