Does Waddell and Reed have an app?ĭownload the Waddell & Reed Kansas City Marathon with Ivy Investments app. through its network of more than 1,300 financial advisors and advisor associates nationwide. provides financial planning services to clients throughout the U.S. How many advisors does Waddell and Reed have?įounded in 1937, Waddell & Reed, Inc. (“W&R”) introduces transactions on a fully disclosed basis to our clearing firm, Pershing LLC (“Pershing”). Now Waddell & Reed has become part of LPL, a leader in the retail financial advice market and the nation’s largest independent broker-dealer 1. Waddell & Reed has been dedicated to helping people achieve their financial goals since 1937 when World War I veterans Chauncey Waddell and Cameron Reed founded the company. … A financial advisor at Waddell & Reed understands the fiduciary responsibilities associated with your retirement plan and, importantly, can serve as a co-fiduciary, helping: Uncover and assess your needs. Is Waddell & Reed a fiduciary?Īs a fiduciary you also are responsible for things like recordkeeping, legislative review and plan administration. How do Waddell and Reed Advisors make money?Ĭommissions Paid to Financial Advisors Waddell & Reed financial advisors are paid commission, service fees based on assets under management, and a portion of the fee collected for a FOCUSPlan (Waddell & Reed’s financial plan). The Overland Park, Kansas-based firm’s client base is massive, with most of these clients being individuals with less than a high net worth. The firm has one of the largest advisor pools in the U.S., as it is affiliated with over a thousand advisors. Waddell & Reed is a fee-based financial advisor firm. The Waddell & Reed Science and Technology Fund ranked in the 92nd percentile for such funds and had outflows of just 8.5 percent last year. How many advisors does Waddell and Reed have?Īs of September 30, 2020, Waddell & Reed Financial, Inc.’s asset management business had $68 billion of assets under management and its wealth management business had assets under administration of $63 billion.Who does Waddell and Reed clear through?.How do Waddell and Reed Advisors make money?.2, 2020, Waddell & Reed (WDR), the parent company of Ivy Investments, announced that it would be acquired by Macquarie Asset Management and expects the deal to close in mid-2021. Both brands are managed by Waddell & Reed Financial Inc.įund mergers and consolidations are possible after the deal closes. Nine Waddell & Reed mutual funds are set to merge this fall into identical funds that carry the Ivy Funds brand. The company that Chauncey Waddell and Cameron Reed founded 80 years ago is taking the men’s names off its mutual funds. ![]() Macquarie Group completes acquisition of Waddell & Reed Financial, Inc. Macquarie Asset Management officially closed on its $1.7 billion acquisition of Overland Park-based Waddell & Reed Financial Inc. Waddell & Reed’s $1.7B sale to Macquarie Asset Management is official.
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