Three financial advisors with assets over $290M affiliate with Waddell & Reed

August 02, 2016


OVERLAND PARK, Kan., Aug. 2, 2016\ – Waddell & Reed announces that Lance Dahmer, William Gustafson and Rosco Halsey have affiliated with the firm bringing more than $290 million in assets (pre transition) under management.

Dahmer served as a financial advisor for First Allied Securities in the Libertyville, Ill., area. He affiliated with Waddell & Reed July 8, 2016, and brings more than $107 million in assets and 17 years’ experience. He will continue to serve the Libertyville area. Gustafson, a financial advisor in Billings, Mont., transitioned to Waddell & Reed April 29, 2016, and brings more than $77.5 million in assets and 35 years’ experience. He previously was affiliated with US Bank.

Halsey, formerly with Edward Jones, is a financial advisor in the Leawood, Kan., area. With 17 years’ experience, he transitioned to Waddell & Reed May 5, 2016, bringing $105.8 million in assets.

Founded in 1937, Waddell & Reed, Inc. provides financial planning services to clients throughout the U.S. through its network of nearly 1,800 financial advisors working in more than 160 registered offices. The firm occupies a distinctive niche in the financial services landscape, positioned on the continuum between the full-service model and the independent model. Waddell & Reed’s approach combines uncommon advisor support with an unexpected level of compensation.

Waddell & Reed, Inc. also serves as principal underwriter and distributor to the Waddell & Reed Advisors Group of Mutual Funds, Ivy Funds Variable Insurance Portfolios, Inc. and InvestEd Portfolios, Inc. It is a subsidiary of Waddell & Reed Financial, Inc. (NYSE: WDR), which had firm-wide assets of $86.5 billion in total assets under management at June 30, 2016. For more information about Waddell & Reed, visit Securities and Investment Advisory Services offered through Waddell & Reed, Inc., a Broker/Dealer, Member FINRA/SIPC and Federally Registered Investment Advisor.

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