Practice Insights and News

Practice Insights & News

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As a financial advisor, you wear multiple hats. On any given day, you’re working with clients to plan their financial futures and managing the non-revenue-producing aspects of your business, such as office logistics and staff.

Waddell & Reed has built a reputation on offering independent financial advisors resources to help them pursue their success. We’re pleased to share the same insight with you as you explore the financial advisor career or consider Waddell & Reed as the career home for your existing practice.

Waddell & Reed favorably ranked by national publications

In a climate characterized by shrinking margins, increased regulatory oversight and greater competition, Waddell & Reed consistently ranks favorably in total revenue, as reported by national publications.

Resources at your fingertips

Waddell & Reed makes it easy to augment communication and marketing efforts during industry-specific events by offering client-focused materials and advisor education.

Selling your practice is no small deal

Selling a practice is a process. Explore the lifecycle of a practice sale in the replay of “Keys to Selling Your Practice” webcast.

Financial advisors gather in San Diego for Waddell Reed annual national education conference

Advisors from across the country gathered in San Diego May 30-June 2 for Circle of Champions, Waddell & Reed’s national education conference. More than 700 advisors participated in Circle this year, where they attended general sessions and workshops, networked and celebrated successes.

Develop and protect your culture.

Create a culture that reflects who you are and positively positions your business.

Create operational efficiencies to function optimally.

Spend more time with clients when your business runs effortlessly.

Consider your successful succession plan.

A succession plan can help you prepare for almost all future scenarios so that your practice continues as desired.

Build your personal marketing plan.

As a financial advisor and a small business owner, setting goals and developing a plan to achieve those goals are key to your success.

Be a leader without being a boss 

Leaders are everywhere. And guess what? Many of them are the boss of no one. They’re individual contributors, teachers, volunteers, students. And they’re financial advisors.

Hiring staff NOT the reason you became a financial advisor

Think about why you became a financial advisor. Your reasons might include a desire to help people or intrigue in investing. Definitely NOT on your list: hiring staff, negotiating office leases, purchasing office equipment.