Broker-dealer Waddell & Reed has recruited six new financial advisors, for a total $141.4 million in new assets under management.
The new arrivals -- who will all be working as independent advisors -- come from Morgan Stanley, LPL, Ameriprise and other broker-dealers. So far this year, 52% of the firm's recruits have come from wirehouses and regionals, says Cathie Suchecki, Waddell & Reeds senior vice president and director of recruiting, while, 32% have come from independents, and 16% from banks and insurance firms.
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