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Independent advisors at Waddell & Reed share some common goals: grow their practices, make their work meaningful, help clients be successful. For these they work relentlessly and enjoy competitive payouts, benefits and recognition.

“At my previous firm I enjoyed a high payout, but the rising expense of running my business and the ever-increasing charges funneled back to me cut into my bottom line.”

-- Independent financial advisor now affiliated with Waddell & Reed


“Fee compression, annual grid changes, shifts in work/life balance, increased minimums and decreased incentives. There was so much I disliked about my old firm.”

-- Former wirehouse financial advisor now affiliated with Waddell & Reed

Waddell & Reed prefers a different approach.

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Compensation

You work hard. 

Explore a career home where compensation and achievement align.

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Competitive Payout

A highly competitive payout grid with cash payouts up to 84% anchors the Waddell & Reed advisor compensation package. First year advisors are guaranteed an attractive payout of at least 72.5%; second through fourth year advisors have guaranteed rates as well. See your payout potential on this subsection of our 12-tier payout grid.

Payout Grid
Revenue
Production1
Payout Rate Payout and
Value-Added
Benefits2
$250,000 66% 77%
$1,500,000 84% 91%

1 A team will qualify for its tier level based on the advisor with the highest total gross revenue (TGR).
2 Value-added benefits at all levels include a $500 licensing fee reimbursement, Circle of Champions sales convention meeting valued at $3,000. At the $750,000 TGR level, the Crest trip, valued at $8,000, also is included.
 


Additional Rewards

Your reward opportunities beyond compensation also may include:

  • E&O insurance (waived during first six months)
  • Business transition program
  • Transition support for experienced advisors
  • Fee support and reimbursement

Recognition

Circle of Champions
This annual business meeting takes place at an exclusive resort and includes top-quality entertainment and local flavor. You’ll learn from and network with executive management, portfolio managers and your successful peers. For advisors new to the industry, we offer reduced qualification criteria for the first four years to assist in eligibility for the meeting.

Crest
Recognizing superior sales achievement, Crest is a week-long vacation for you and a guest. Past destinations include: Vienna, Beijing, Dublin, Paris, a Mediterranean cruise and Cabo San Lucas.

Chairman's Cabinet
Chairman’s Cabinet is our most prestigious incentive program. It provides upgraded accommodations or a special feature at Crest exclusive to Chairman's Cabinet qualifiers.

Advisor Medalist Program
The top 250 advisors based on total gross revenue receive distinctive benefits including resources for business growth, professional development and to expedite business processes. Most significant is the Top Advisors’ Forum, a four-day visit to corporate headquarters for the top 75 advisors to share ideas with senior management, investment managers, subject matter experts and other successful advisors.

Financial Planning Council
The top eight financial advisors, top two managing principals and top two district managers/district branch managers in annual financial planning fees are appointed to the Financial Planning Council. Members visit the home office to be recognized for their achievement and to meet with senior management to offer thoughts and ideas on our financial planning services and programs.

President's Council
The top 12 advisors nationwide form the President’s Council. Each member of the council is invited to special meetings for team building, professional development and networking with executive management.

Seven C's Recognition Award
This award pays tribute to a financial advisor or managing principal who consistently demonstrates the ideals called for in The Seven C's, a set of cultural principles that define who we are and underpin our business strategies. Candidates are nominated by their colleagues.



Get recognized.

Let us tell you about how Waddell & Reed’s recognition programs celebrate your big moments and well-earned success.

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