Don't get suckered in. It's a MLM (Network marketing) sham company. - Financial Advisor Waddell & Reed Employee Review

1.0
3 Apr 2015
Recommend
CEO approval
Business outlook

Pros

-Entrepreneurial -You make your own hours (Multi-Level Marketing)

Cons

-It's misleading and dishonest -Gullible victims (often those who are looking for a job) -They'll tell you that you'll be the financial advisor, more like they will sell you useless stuff to bring more recruitments. -They don't really sell their products or services. Instead they spend more time recruiting others and doing recruitment training. So while they claim the company is profitable because of their wonderful products, no one seems to be making selling products a priority. -This company require you to pay a training course fee... You mean you have to pay a company for you to work in it and potentially not see any returns? -There's no interest in the product in MLMs, it's about you, the recruits. The real money is made by signing people up to sell the product, not actually selling the product, which the company does with the full knowledge that 98% of those will not see their money back. And eventually you will run dry from your friends and family contact list. I knew this is too good to be true, and "nope" the heck out of there.

Explore other reviews about Waddell & Reed

5.0
29 Aug 2025
Recommend
CEO approval
Business outlook

Pros

Actually liked working here culture

Cons

No longer exists bought by lpl

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