Waddell and Reed

Recruit Deal

10% to 100%

Upfront payment (forgivable loan): 5% to 50%

Year 1 Asset Transfer payment (forgivable loan):  5% to 50%

Comp/Payout

Advisor Compensation Grid
Gross
Dealer
Concession
(GDC)1,2
Fee Based

MAPFlex
MAPSelect
MAPLatitude
MAPChoice3
SPA3
General
Securities
Mutual
Funds
Insurance Trails
$0 to $149,999 50% 60% 35% 45% 50% 50% 50%
$150,000 to $199,999 58% 60% 35% 46% 58% 58% 58%
$200,000 to $249,999 60% 60% 35% 47% 60% 60% 60%
$250,000 to $299,999 62% 60% 35% 48% 62% 62% 62%
$300,000 to $349,999 64% 60% 35% 49% 66% 66% 66%
$350,000 to $399,999 66% 60% 35% 50% 68% 68% 68%
$400,000 to $499,999 68% 60% 35% 51% 70% 70% 70%
$500,000 to $624,999 70% 60% 35% 52% 72% 72% 72%
$625,000 to $749,999 72% 60% 35% 53% 74% 74% 74%
$750,000 to $874,999 76% 60% 35% 54% 76% 76% 76%
$875,000 to $999,999 78% 60% 35% 55% 78% 78% 78%
$1,000,000 to $1,499,999 80% 60% 35% 56% 80% 80% 80%
$1,500,000+ 82% 60% 35% 57% 82% 82% 82%

 

  1. Also referred to as gross revenue.
  2. Team members qualify for commissions based on team production. Any personal business conducted by a team member will apply separately to the appropriate GDC range.
  3. 12b-1 fees are passed through to the advisor.