Can anyone out there that works or has worked for Waddell and Reed please give some feedback on how they feel/felt about it? I appreciate any feedback.

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Don't do it

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If you can't get hired from any of the other larger firms, they are not terrible. I believe they offer mostly proprietary products which makes it very difficult and expensive (read: impossible) to move clients if you decide to move to another firm. Good luck!

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I've been with Waddell for three years and could answer some questions for you. There have been a lot of changes, mostly good, since I started and a lot of it has to do with better tech and easier access to non prop offerings. And if you're producing at a high level the payout grid continues to get better.

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@Waddell 1 - at what point are you happy with the payout level?

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