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Shawn Mihal
Waddell & Reed cuts spending on overhaul, boosts advisor pay
The firm remains in transformational flux, but the results of its "Project E" evolution are beginning to show.
Waddell & Reed’s IBD overhaul boosts advisory assets, cuts lower producers
The firm is prioritizing its most productive advisors after shedding some 30% from its headcount.
Amid IBD reorganization, Waddell & Reed sheds low-producing advisors
Headcount dropped by 413 brokers year-over-year, but productivity per FA jumped by 29%.
Waddell & Reed executive shake-up follows loss of hundreds of advisors
The IBD's longtime head stepped down as part of a plan to remake the firm.
