The perfect balance of compensation and support

Experienced financial advisors, whether from wirehouses, independent firms, or insurance companies, all seek the holy grail of maximum compensation with high levels of built in firm support to help grow their business. this combination is hard to find, but at Waddell & Reed we believe that we deliver the optimum mix of highly competitive compensation and high quality advisor support.

In the typical wirehouse business model, advisors benefit from significant national support. This support is commensurate with the advisor's production levels and covers the critical areas of their business. However, in exchange for that support, even successful advisors rarely exceed a 45% payout while many receive payouts in the 35-40% range.

Independent firms, by contrast, often promise advisors 90% payouts. Yet, that payout comes with little to no built-in advisor support. Most advisors are left to their own devices to construct a support structure that can be ad hoc, expensive and fails to meet their needs. What started as the promise of a 90% payout might look a lot less after getting the resources you need to manage your practice.

At Waddell & Reed, we offer you both world-class support and a compensation structure that rewards you fully for your efforts. In addition, we give you the freedom to shape and grow your business as you choose, unburdened by tasks that divert your focus. It is at this intersection of compensation and support that you will find Waddell & Reed is an industry leader.