Waddell & Reed, Inc. Adds Four Experienced Advisors

Waddell & Reed, Inc. has added four experienced financial advisors to its national network, with assets under administration totaling $235.9 million and annual production totaling $1.7 million. The addition of these independent advisors represents continued progress in the firm’s ongoing strategy to grow its team of experienced advisors and expand coverage nationwide.

Advisor

Prior Firm

City, State

Transition Date

Brett Ramsey

LPL Financial

Indianapolis, Indiana

March 31, 2020

Robert Espy

Edward Jones

Lake Havasu City, Arizona

April 9, 2020

Derek Butler

HD Vest

Sherman Oaks, California

April 13, 2020

Andrew Chabot

LPL Financial

Rancho Cucamonga, California

May 1, 2020

While pursuing its growth strategy, Waddell & Reed also is reinvigorating its focus on advisor retention by advancing support, service and overall experience for its existing national network of independent advisors. This strategic evolution has been focused on technology enhancements, product expansion, increased compensation and broadening support through programs such as the Great Practice Solutions customized practice development program and the Wealth Solutions Group, a team of credentialed product and sales support experts.

Founded in 1937, Waddell & Reed, Inc. provides financial planning services to clients throughout the U.S. through its network of financial advisors working in nearly 400 offices nationwide. Waddell & Reed, Inc. is a subsidiary of Waddell & Reed Financial, Inc. (NYSE: WDR), which had approximately $56 billion in total assets under management at March 31, 2020. For more information about Waddell & Reed, visit waddell.com.

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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Roger Hoadley VP, Communications [e-mail]