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As a brokerage safety expert, I meet many people who have lost their money to shady brokers and scammers. These are my key findings on the safety profile of Waddell And Reed Associates: Avoid Waddell And Reed Associates as it is not regulated by a top-tier regulator.
Sep 20, 2022 · Without admitting to or denying the SEC’s findings, Waddell & Reed agreed to a cease-and-desist order and a censure, and agreed to pay disgorgement of $484,645, prejudgment interest of $90,944...
Sep 19, 2022 · September 19, 2022 - The Securities and Exchange Commission today announced settled charges against Waddell & Reed, LLC, a former registered investment adviser based in Kansas, for misconduct related to one of its wrap fee programs. According to the SEC’s order, Waddell breached its fiduciary duty by failing to take reasonable steps with ...
Dec 3, 2020 · By Janet Levaux. Analysis December 03, 2020 at 02:46 PM Share & Print. A day after LPL Financial said it was buying Waddell & Reed’s wealth management unit from Macquarie Group for $300...
- Janet Levaux
Dec 7, 2020 · Waddell & Reed doesn’t bring scale to LPL but rather a financial planning-focused group of advisors best poised to take advantage of what the larger firm can offer, says LPL Head of Recruiting...
Dec 2, 2020 · LPL has 17,168 financial advisors; thus, if most Waddell & Reed advisors join and stay with it, that headcount figure could top 18,000. “Congrats LPL. I had my money on RJ [Raymond James] to ...
Dec 3, 2020 · Founded in 1937, Waddell & Reed (NYSE: WDR) was in danger of becoming a relic of a quickly vanishing era, when companies created mutual funds and then had an internal sales team sell them to...
