waddell and reed lpl

we intend to deliver an exceptional client experience for both waddell & reed and lpl advisors and their clients as we seek to deliver investment excellence through an expanded set of capabilities across asset classes.” about lpl financiallpl financial (nasdaq: lpla) was founded on the principle that the firm should work for the advisor, and not the other way around. we are steadfast in our commitment to the advisor-centered model and the belief that americans deserve access to objective guidance from a financial advisor.

in particular, the company can provide no assurance that the client assets reported as serviced by waddell & reed advisors will translate into assets serviced by lpl financial, that waddell & reed advisors will join lpl financial, or that the benefits that are expected to accrue to lpl financial and its advisors and stockholders as a result of the transactions described herein will materialize. except as required by law, the company specifically disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release, even if its estimates change, and you should not rely on those statements as representing the company’s views as of any date subsequent to the date of april 30, 2021. investor relations – chris koegel, (617) 897-4574media relations – lauren hoyt-williams, (813) 351-9203investor.lpl.com/contact-us

the deal, expected to be completed in the middle of next year, encompasses 921 independent advisors with $63 billion in assets under administration. rich steinmeier: there are a number of properties out there with the opportunity for us to gain scale, but i think there are very few that have the quality of an advisor set that a waddell & reed has: a planning-based enterprise that really has quality advisors that are the size that work really well for our independent mindedness. a lot of that shows up in a lack of integration across that tech stack and consistent support for them to grow their best practices. rs: as part of the deal, we also bought the rights to the waddell & reed name, and advisors will have the ability to continue to use the name.

that legacy means a lot to the advisors. and are you going to offer some kind of retention bonus package? a lot of things that were on their road map over the next couple of years, those advisors will see in the first half of this year as they transition to lpl. and then, many of these advisors really are driving toward growth, so our access to capital, our ability to structure and help them through transactions, identifying targets for them to buy, structuring those transactions for them and providing the capital for them to make acquisitions to accelerate the growth—i think that’s going to unlock another level for a lot of the waddell & reed advisors.

over 900 waddell & reed advisors have committed to join lpl’s platform. collectively, the advisors serve approximately 95% of the $71b of client here you can access: past transactions, statements, and tax information for your waddell & reed brokerage and ivy investments accounts; new lpl accounts the acquisition of waddell & reed’s asset management business and our partnership with lpl significantly strengthens our position as a top 25(1), waddell reed, waddell reed, waddell & reed ivy investments, waddell and reed problems, who bought waddell and reed.

over 900 waddell & reed advisors have committed to join lpl’s platform. collectively, the advisors serve approximately 95% of the $71b of client lpl financial has completed its purchase of waddell & reed financial’s wealth management business from macquarie management holdings for roughly waddell & reed doesn’t bring scale to lpl but rather a financial planning-focused group of advisors best poised to take advantage of what the, waddell and reed locations, what happened to waddell and reed stock, waddell and reed employees, waddell and reed complaints. did lpl merge with waddell and reed? is waddell and reed now lpl? what happened to my waddell and reed account? who bought out waddell and reed?

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