Culture

Welcome to a community where you are positioned to achieve success.

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At Waddell & Reed, we talk about financial planning…a lot. It has played a prominent role in creating a community and shaping a culture where independent financial advisors enjoy camaraderie, feel valued and have resources to achieve success for themselves and their clients.

“At my old firm, I enjoyed the freedom of being my own boss. What I didn’t anticipate was the amount of non-revenue-generating activities like paperwork and office logistics.”

-- Independent financial advisor now affiliated with Waddell & Reed


“I liked being associated with a big name firm and the resources available to me, but I struggled to see the value when so much of my revenue went back to the firm.”

-- Former wirehouse advisor now affiliated with Waddell & Reed

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VALUES

The Seven Cs

Our culture was shaped on a set of actionable and attainable principles called The Seven Cs. They express who we are, guide our business strategies and are respected company wide.

Clients
Everything we do must have the client at its center.

Character
In spirit, and in practice, we strive to meet or exceed
the ethical and operating standards that govern our business.

Commitment
Everything we do must have the client at its center.

Convergence
We bring unique value to our clients through the combination of a proven, experienced investment management team and a national network of talented financial advisors.

Creation
We always will be focused on building upon our team of financial advisors, our product and service offerings, and our results.

Competitiveness
We will be competitive – in products, services and professional acumen – with other providers in the investment management and financial planning business.

Camaraderie
We will continue to always foster Waddell & Reed’s unique, familial culture.

Like the sound of our culture? 

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BALANCE

As an experienced advisor, you want maximum compensation and a supportive environment in which to grow your business.

Waddell & Reed offers 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.

Balance

Get the balance you're looking for.

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LEADERS WHO LISTEN

Everyone needs great leadership. Have confidence that Waddell & Reed’s leaders are unwavering in their commitment to provide you:

Vision. A shared vision informs our collective goals and objectives, and we are unwavering and clear in our communication of that vision. 

Access. You will have access to company leaders, including first-hand knowledge of their decision-making process, and the opportunity to help influence the direction of the company. 

Environment. Everyone in the firm works to create an environment that emphasizes collaboration, trust, empathy and ethics. With these characteristics in place, advisors can work toward the success they envision for their practices.

Field Leadership

Our field leadership team is comprised of 142 leaders from coast to coast. As industry veterans and former advisors, they bring experience, passion, knowledge and sensitivity to their role. Your own region and division leaders will partner with you every day, bringing personal perspective and insight to your challenges and providing guidance to help you succeed.

Corporate Leadership

Our corporate leadership team is comprised of some of the finest and most innovative minds in the financial services industry. They represent a mix of homegrown and outside talent, combining the best of Waddell & Reed’s long history with the best of an ever-changing industry.

Phil Sanders

Philip J. Sanders, CFA

  • Chief Executive Officer, Waddell & Reed Financial, Inc.
  • Chief Investment Officer, Waddell & Reed Investment Management Company and Ivy Investment Management Company
  • 27 years in the industry and 17 years with Waddell & Reed
  • Previous experience includes: Portfolio Manager of several Waddell & Reed Advisors Funds and Ivy Funds and Portfolio Manager for Banc of America Capital Management, the investment management division of Bank of America
Tom Butch

Thomas W. Butch

  • Chairman & Chief Executive Officer, Waddell & Reed, Inc.
  • Chairman, President & Chief Executive Officer, Ivy Distributors, Inc.
  • Executive Vice President & Chief Marketing Officer, Waddell & Reed Financial, Inc.
  • 34 years in the industry and 15 years with Waddell & Reed
  • Previous experience includes: President of Stein Roe Mutual Funds, Senior Vice President - Director of Marketing at Stein Roe & Farnham and Vice President at Mellon Financial Corp
Derek Burke

Derek D. Burke

  • President, Waddell & Reed, Inc.
  • 22 years in the industry, joined Waddell & Reed 2014
  • Previous experience includes: Chief Executive Officer, First Investors Advisory Services, LLC; President, First Investors Management Company; executive roles at UBS Wealth Management and New York Life Investment Management
Mark Schlafly

Mark Schlafly

  • Executive Vice President, Waddell & Reed, Inc
  • 30 years industry experience, joined Waddell & Reed in 2016
  • Previous experience includes: President and CEO, FSC; Managing Director, Russell Investments; Senior Vice President, Brokerage, LPL; Vice President, managed products, A.G. Edwards
Brent Bloss

Brent K. Bloss

  • Senior Vice President, Finance, Waddell & Reed Financial, Inc.
  • Principal Accounting Officer & Senior Vice President, Finance, Waddell & Reed, Inc.
  • 15 years in the industry and 13 years with Waddell & Reed
  • Previous experience includes: Vice President and Assistant Treasurer with Waddell & Reed, Inc. and Senior Audit Manager with international accounting firm KPMG LLP
Ken Cherrier

Kenneth Cherrier

  • Chief Supervisory Officer, Waddell & Reed, Inc.
  • 18 years in the industry and 6 years with Waddell & Reed
  • Previous experience includes: Chief Compliance Officer, Woodbury Financial; Compliance Officer, Fintegra Financial Solutions
Lori Dorsey

Lory Dorsey

  • Senior Vice President, Marketing, Waddell & Reed Financial, Inc.
  • 21 years in the industry and 21 years with Waddell & Reed
  • Previous experience includes: Institutional marketing, investment sales and web management with Waddell & Reed, Inc.
Wendy Hills

Wendy J. Hills

  • Senior Vice President, General Counsel & Chief Legal Officer, Waddell & Reed Financial, Inc.
  • General Counsel, Waddell & Reed, Inc., Waddell & Reed Investment Management Company, Ivy Investment Management Company, Ivy Distributors, Inc.
  • 17 years in the industry and with Waddell & Reed
  • Previous experience includes: Associate with Klenda, Mitchell, Austerman & Zuercher, LLC, engaged primarily in the practice of corporate and securities law
Shawn Mihal

Shawn Mihal

  • Senior Vice President, Chief Compliance Officer, Waddell & Reed Financial, Inc.
  • 17 years in the industry and 2 years with Waddell & Reed
  • Previous experience includes: Vice President and Chief Compliance Officer, Transamerica Financial Advisors, Inc. and Chief Compliance Officer of Great American Advisors, Inc. 
Roy Cashman

Roy Cashman

  • Senior Vice President, Chief Technology Officer, Waddell & Reed Financial, Inc.
  • 30 years in the industry and 8 years with Waddell & Reed
  • Previous experience includes: Chief Operating Officer and Chief Information Officer, Transplace LLC; Chief Information Officer, Ruan Transportation; Senior Vice President, US Frieghtways

Waddell & Reed has independent financial advisor opportunities across the country.

Contact us to find out about growing your practice in your city as a financial advisor with Waddell & Reed.

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