Waddell & Reed Reviews | Glassdoor.ca

Waddell & Reed Reviews

Updated 26 October, 2018
385 reviews

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2.9
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Waddell & Reed CEO Philip Sanders
Philip Sanders
33 Ratings

385 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. "Admin"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends

    I worked at Waddell & Reed full-time

    Pros

    This company cares about their employees

    Cons

    Would like a more flexible lunch hour

    Advice to Management

    Keep up the good work. Nothing to say but positives about working there


  2. "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor
    Former Employee - Financial Advisor
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Nice culture to work. Good people.

    Cons

    ZERO training. You are left to fend for yourself. Not ideal for new/associate advisors. Waddell is a place foe experienced advisors that want to "ride out to pasture" with their current clients.

    Advice to Management

    Sell yourself already... Stop the bleeding.

  3. "Intern"

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

    Pros

    I worked under an Advisor and he was awesome. Really comes down to who your boss is.

    Cons

    Can be boring at times if there is not much work to be done.

    Advice to Management

    Offer more positions


  4. "Mining Your Friends And Relatives-Giving You Nothing"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Inside Sales Representative in Portland, OR (US)
    Former Employee - Inside Sales Representative in Portland, OR (US)
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Good place to lock down a salesman

    Cons

    They want your leads. Pyramid business and your supervisor harvests your connections when you have had enough.

    Advice to Management

    Don't change a thing, you won't be there long


  5. "Falling out of favor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor
    Former Employee - Financial Advisor
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Waddell & Reed full-time

    Pros

    Home office culture is great and, as a whole, a lot of great advisors in the company

    Cons

    Poor management, emphasis on proprietary products and selling agreements, very high turnover, losing top management and advisors

    Advice to Management

    Shift away from proprietary products and develop some stability


  6. "Administrative Assistant for District Office"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    No opinion of CEO

    I worked at Waddell & Reed part-time

    Pros

    It was a company full of motivated individuals who pursued excellence in their work. Friendly and helpful coworkers and support staff.

    Cons

    It was a toxic work environment. My manager was a bully with poor communication skills, and he wasn't fit for the job. The emphasis was on recruiting as many financial advisors as possible. It was more about filling seats than it was about caring for the quality of the training program and for the welfare of the employees.


  7. "assistant"

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

    I worked at Waddell & Reed part-time

    Pros

    good pay, easy job, employers were nice

    Cons

    wasn't really a passion for me but i enjoyed trying something new

  8. "If it was easy, everyone would do it."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Tallahassee, FL (US)
    Current Employee - Financial Advisor in Tallahassee, FL (US)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Waddell & Reed full-time (More than 10 years)

    Pros

    You are in charge of your own destiny.
    Great opportunity to see people, serve people and make a difference in their lives.

    Cons

    You MUST be good at time management, self management, and setting your own priorities. For brand new advisors, it would be helpful to start as a junior partner on a team with a strong leader. You do not have six months to, “find yourself”.

    Advice to Management

    Continue to innovate in our technology, not for technology sake, but for the people whom the technology serves sake! How The industry processes business may be changing and the regulatory environment challenging, what makes Waddell and Reed different, is the culture. We put the clients interests first. After all, at the end of the day, it’s their money.
    Start every meeting by asking the question, “What would Hank Hermann say? What would he do?“.


  9. Helpful (1)

    "Good place to start a career in financial advising"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Waddell & Reed full-time

    Pros

    Good attention from managers. Geared towards helping new people in the job to be successful.

    Cons

    Same as any financial advising position: difficulty to get clients; leads are not provided.

    Advice to Management

    Provide effective leads for financial advisors.


  10. "Changing regulation makes for a bumpy ride"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Portland, OR (US)
    Current Employee - Anonymous Employee in Portland, OR (US)
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Waddell & Reed full-time

    Pros

    I believe that the company is trying their best to get out ahead of the pack.

    Cons

    They are coming from a place that is pretty far behind a lot of their competitors so that many changes are being made that seriously impact workflow.


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