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|
June 5, 2019 - Three advisers who managed $185 million at Waddell & Reed Financial Advisors in Idaho Falls, Ida., have left and formed Teton Wealth Management, affiliating with the broker-dealer and registered investment adviser platforms of LPL Financial. (More:...
April 24, 2019 - Firm 2018 revenue ($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...
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....
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...
- 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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