Waddell & Associates, LLC is a large advisory firm based in Memphis. It manages $691.46 million of regulatory assets for 2,393 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 15 other states.
Waddell & Associates provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Waddell & Associates, LLC is $691.46 million. The firm's AUM has gone down by -6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Waddell & Associates, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Waddell & Associates is high net worth individuals with 174 clients and $483.03 million of assets under management. Among the 7 most similar advisory firms, Waddell & Associates has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $691.46 million for 882 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Waddell & Associates doesn't advise any private funds.
The company employs 19 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.
There are 4 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Waddell & Associates, LLC performs its advisory services is located at 5188 Wheelis Drive, Memphis, TN 38117, which is also the mailing address of the firm. An additional office of the firm is in Brentwood, TN. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 901-767-9187 or by fax 901-767-0056. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at waddellandassociates.com.