As a financial planning pioneer, we made a commitment over 40 years ago to engage our clients in a way unlike any in our industry. Since then we have not only continued our commitment, we have dedicated significant resources to that endeavor. Today, we are able to address and solve our clients’ most important financial issues through highly competitive investment and risk management products, coupled with the intellectual and financial capital to support a state-of-the-art financial planning approach.
From budgeting basics to complex financial planning scenarios, we also offer a broad range of services designed to meet ongoing financial planning needs.
Whether you are providing a single-issue module or a more in-depth, comprehensive, detailed analysis, Waddell & Reed offers you the flexibility of variable fees. Fixed fees for financial planning services have been determined based on the level of detail and the number of components within the financial plan. You also will have the opportunity to determine the financial planning fee you charge based on the following factors:
- The amount of time you expect to spend completing the particular financial planning services involved and providing related advice and assistance;
- The complexity of the client’s financial planning issues and needs;
- The extensiveness and complexity of the data needed.
Our broad range of financial planning services includes:
FOCUSPlan® can help you identify and prioritize your client’s goals, and offers a variety of tools and resources to produce a detailed written analysis. FOCUSPlan® addresses primary financial considerations including: retirement funding, estate planning, asset allocation, goal funding, education funding, income tax planning, survivor needs, disability income and long-term care. These services can be provided on a modular basis if only one or two issues require attention. Or, the issues can be addressed comprehensively at a variety of complexity levels ranging from young accumulators (FOCUSPlan® StartUp) to retirees with complex retirement income and estate planning issues (FOCUSPlan® Tax Sensitive).
FOCUSPlan® Premier is our comprehensive financial, business and estate planning service that provides clients with an integrated, personalized plan addressing their current and long-term financial objectives. During the planning process, you’ll gain insight from our advanced planning professionals and benefit from the resources of Waddell & Reed’s strategic partners. In combination, this experience is applied directly and exclusively to the intricate aspects of your clients’ financial situations
Supplemental services may be added or provided separately from any of the FOCUSPlan® components described above, including:
Investment Planning Services provides advanced asset allocation strategies for specific financial objectives based on individual time horizons and risk tolerance levels. It also includes specific recommendations regarding selection of a model portfolio to create a personalized asset mix for current investment positions and the allocation of future monthly savings. It also may provide advanced classification of current and recommended holdings and aid in developing asset allocation strategies specific to current and recommended investments.
Wealth Forecasting Services (Monte Carlo Analysis) illustrates the interaction of the client’s personal portfolio and goals with the uncertainties in life that cause plans to fail. This is accomplished by modeling those uncertainties, such as market fluctuations, varying investment rates of return and inflation. The Wealth Forecasting Service helps your clients achieve their financial goals by quantifying financial risk using Monte Carlo simulation. The simulation increases the client’s confidence in your planning and recommendations by providing their probability of success.
Estate Planning Strategies accompanies or supplements a FOCUSPlan® and allows you to illustrate estate distribution plans that may require more sophisticated techniques.
Business Planning Strategies provides you the ability to work with owners of small to medium-sized businesses in three of the key areas that impact their personal financial situation such as business continuation, executive compensation and business valuation.
Financial Wellness Program
Waddell & Reed advisors may choose to work with corporate clients through our Financial Wellness Corporate Program. This program helps employees understand and pursue a balance between living responsibly today and planning for tomorrow’s financial goals. Through the Financial Wellness Program, you’ll advise employees on:
- Building awareness of their financial situation.
- Establishing financial goals.
- Changing behaviors and achieving goals through informed choices in the financial planning process.
Waddell & Reed permits certain financial advisors to charge fees for any of the firm’s financial planning services that exceed the fees set forth in the firm’s ADV. Such fees are negotiable and are subject to acceptance by the client.
FOCUSPlan® services and fee-based asset allocation products are offered by Waddell & Reed, Inc. in its capacity as a registered investment advisor.