They ended the march quarter at $80.2 billion, declining 1% compared to the prior quarter and 1% compared to the first quarter of 2017, according to company. A number of senior executives have left Waddell & Reed Financial, with its broker-dealer unit, Waddell & Reed Financial Advisors, seeing headcount fall 29.6% over the past year. The company has also been hit by a wave of lawsuits from investors who claim that it misled them about how much money they would be getting in their retirement accounts.
A number of senior executives have left Waddell & Reed Financial, with its broker-dealer unit, Waddell & Reed Financial Advisors, seeing headcount fall 29.6% over the past year. The company has also been hit by a wave of lawsuits from investors who claim that it misled them about how much money they would be getting in their retirement accounts.