Waddell & Reed Reviews | Glassdoor.ca

Waddell & Reed Reviews

Updated 20 March, 2019
395 reviews

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2.8
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Waddell & Reed CEO Philip Sanders
Philip Sanders
35 Ratings

Employee Reviews

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Pros
  • "Great work/life balance as you set your own schedule" (in 17 reviews)

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

Cons
  • "There is also the potential to make very little money if you struggle to obtain clients and bring in business because there is no base salary" (in 14 reviews)

  • "Building a book of business is definitely the biggest con" (in 11 reviews)

More Pros and Cons

  1. "Brokerage"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Market Administrative Assistant in Riverside, CA (US)
    Current Employee - Market Administrative Assistant in Riverside, CA (US)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Waddell & Reed full-time (More than 5 years)

    Pros

    good work life balance and great hours

    Cons

    Disappointed that office is relocating


  2. "Good Local Support, Not Great for New Advisors"

    StarStarStarStarStar
    Former Employee - Financial Advisor
    Former Employee - Financial Advisor

    I worked at Waddell & Reed full-time

    Pros

    Local management is very motivated and attentive

    Cons

    Payout structure is more suited for established advisors; not a great place for newcomers

  3. "A great company appears to be headed downhill"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Manager in Overland Park, KS (US)
    Former Employee - Project Manager in Overland Park, KS (US)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    They provided great benefits that downgraded to above average during my time there. There is a lot of great people working there. The facilities are well-run and provide a great walking trail to spend breaks. The best part of working there is that when you have personal problems, they will support you and give you time to deal with them.

    Cons

    The management is inconsistent, indecisive, and will throw employees under the bus for failures. It's difficult to move up without playing politics. Working on projects is often difficult but managers do not do their part and the failure falls on the shoulders of those running the project. There is little accountability. While you can start with a decent pay rate, raises are often below the cost of living even if your annual review shows you did outstanding work. The only way to get a real pay raise is to move into another position.

    Advice to Management

    Train managers on decision making and hold them accountable when they do not do their part in projects. Provide bigger raises for your employees, especially when they have great years. It doesn't look good when a financial services company can barely provide raises that meet cost-of-living standards. Those raises should be automatic when the company is successful they should be beyond those.


  4. "Overall: Good Experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Intern in Salina, KS (US)
    Current Employee - Intern in Salina, KS (US)
    Recommends
    Positive Outlook

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

    Pros

    Flexible Hours, learn different aspects of the advising realm.

    Cons

    I wish I was able to learn more about the advising side of things.


  5. "Company struggling to remain relevant with an outdated business model"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Waddell & Reed full-time (More than 5 years)

    Pros

    Did not generally work overtime in my department, although that may vary highly depending on which department you work in. 37.5 hour work week is a nice benefit.

    Cons

    The broker/dealer is struggling to be profitable and the company has tried to overhaul its technology with not great results. The b/d is losing many advisors and there have been layoffs.


  6. "Monotonous Job"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - BOSS Team in Overland Park, KS (US)
    Current Employee - BOSS Team in Overland Park, KS (US)
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    PTO, and health benefits are pretty average with the options to decrease your monthly premium doing a few things like having a fit bit and completing challenges.

    Cons

    Starting pay is pretty great but then very minimal pay raises year after year. Management plays extreme favorites especially to those with degrees. Getting something to HR is a nightmare if there is a problem in your work environment and toxic coworkers are never handled properly.

    Advice to Management

    Work more with your managers to properly train them, often times managers of departments have no clue what the day to day work entails. Let go of your toxic employees that take advantage of the system and make it harder for others to get their work done. Listen to your employees complains with an open mind.


  7. "Office Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Office Manager in Great Bend, KS (US)
    Former Employee - Office Manager in Great Bend, KS (US)
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Supervisors were supportive. On the job training made the job enjoyable.

    Cons

    Office politics made day to day operations less enjoyable. But was easy to ignore as it did not involve me or my work.

  8. "Hard Work no reimbursement"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Planner in Indian Wells, CA (US)
    Former Employee - Financial Planner in Indian Wells, CA (US)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Hard work No support or reimbursement

    Cons

    Hard work no reimbursements or base

    Advice to Management

    Offer a base pay and cover the E&O, Tech Fees, and Social Com,compliance Fees


  9. "Horrible"

    StarStarStarStarStar
    Current Employee - Customer Service Representative
    Current Employee - Customer Service Representative

    I have been working at Waddell & Reed part-time

    Pros

    Nothing was good about this job

    Cons

    No hours was giving to employees


  10. "Great Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in Overland Park, KS (US)
    Former Employee - Director in Overland Park, KS (US)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Very good company and really look out for employees and clients.

    Cons

    Still seen as somewhat old school and they really aren’t.

    Advice to Management

    Work to change image!!