Branch offices
0 offices
FINRA: Small firm
CRD #866 · FINRA BrokerCheck + SEC IAPD
Waddell & Reed
According to FINRA BrokerCheck disclosure totals used on PlainAdvisorCheck graded firms, Waddell & Reed ranks #129 of 20,055 by disclosure count (most disclosures first). Waddell & Reed carries 41 BrokerCheck disclosures across 0 branch offices - heavy load for a single-office firm, earning a Grade F.
- Grade F
- Safety grade
- 0
- branch offices
- 41
- disclosures
- #129 of 20,055
- disclosure rank · graded
FINRA BrokerCheck disclosure docket
CRD record 866 Waddell & Reed
Waddell & Reed · Grade F · 41 disc · 41.00/office · Single-office firm
- CRD 866
- GRADE F
- DISC 41
- REG 29
- ARB 11
- CIV 1
- BRANCH 0
- PER-OFF n/a
- RANK #129 of 20,055
- BOOK Single-office firm
Intensity peers
Nearest same-size peer: MF Global Inc. (41.00 disc/office)
Waddell & Reed ranks #129 of 20,055 by disclosure count among graded broker-dealers; heavy load at 41.00 disclosures per office. Verify on FINRA BrokerCheck →
PlainAdvisorCheck rating 1/5 - an editorial, size-normalized signal, not a regulatory determination. Always verify the underlying record on FINRA BrokerCheck before engaging an advisor.
Data updated July 2026
Total disclosures
41 events
On FINRA BrokerCheck
Regulatory events
29 actions
71% of all disclosures
Disclosures per office
- per office
footprint not reported
Disclosure Breakdown
| Disclosure Type | Count |
|---|---|
| Regulatory Events | 29 |
| Arbitrations | 11 |
| Civil Events | 1 |
| Total | 41 |
Counts for Waddell & Reed reflect events reported on FINRA BrokerCheck as of July 2026. Disclosures are reported events, not proven violations.
Disclosure category share
Regulatory 29 Arbitration 11 Civil 1
Firm Details
- Firm Size
- Small
- Scope
- INACTIVE
- Formed
- 08/11/1981
- State of Formation
- Delaware
- CRD Number
- 866
- SEC Number
- 27030
Heavy disclosure book
Waddell & Reed in the heavier-disclosure third
Waddell & Reed carries 41 BrokerCheck disclosures across 0 branch offices - a heavier-third raw book among graded firms (#129 of 20,055). Regulator-initiated events are 71% of the book (29 regulatory / 11 arbitration / 1 civil).
Waddell & Reed ranks #129 of 20,055 by BrokerCheck disclosure count among graded firms (41 events). Verify on FINRA BrokerCheck ↗ · how disclosures are interpreted.
Educational summary of Waddell & Reed's disclosure book - not financial advice. Disclosures are reported events, not proven violations; consult a licensed advisor before decisions.
Source: FINRA BrokerCheck & SEC IAPD Public Disclosure Data
Frequently Asked Questions
Where does Waddell & Reed sit among graded broker-dealers by disclosure count?
According to FINRA BrokerCheck disclosure totals used on PlainAdvisorCheck graded firms, Waddell & Reed ranks #129 of 20,055 by disclosure count (most disclosures first). Ordinals match the disclosure-first sort documented on our methodology corpus-placement section. A high disclosure rank is not automatically a finding of wrongdoing; larger firms accumulate more reported events. Always review the underlying FINRA BrokerCheck detail before engaging.
What does a grade of F mean for Waddell & Reed?
A grade of F reflects Waddell & Reed's disclosure intensity, its weighted disclosure load per branch office, ranked against other firms of a similar size (single-office firm). It carries 41 total disclosures across 0 branch offices. Review the specific disclosures on FINRA BrokerCheck before engaging.
How many FINRA disclosures does Waddell & Reed have?
Waddell & Reed has 41 total FINRA disclosures, including 29 regulatory events, 11 arbitrations, 1 civil event. Disclosures reflect reported events on FINRA BrokerCheck and do not necessarily indicate proven violations.
How big is Waddell & Reed?
Waddell & Reed operates 0 branch offices and is classified by FINRA as a small firm (Single-office firm). FINRA BrokerCheck publishes branch-office counts but not a firmwide registered-representative headcount, so PlainAdvisorCheck measures firm size by branch footprint.
Where can I verify Waddell & Reed's disciplinary record?
You can verify Waddell & Reed's full disciplinary history on FINRA BrokerCheck at brokercheck.finra.org using CRD number 866. BrokerCheck provides detailed information about individual registered representatives, complaints, and regulatory actions.
What is a FINRA disclosure?
A FINRA disclosure is a reported event (regulatory, arbitration, or civil). Waddell & Reed's 41 events mean reading the underlying BrokerCheck detail matters more than the raw count alone.
Should I avoid Waddell & Reed because of its disclosures?
Not necessarily. Larger firms accumulate more disclosures simply because they operate more offices, so PlainAdvisorCheck grades each firm against same-size peers rather than on raw counts. Waddell & Reed carries 41 disclosures across 0 branch offices (about 41.00 per office). Review the nature of individual disclosures on FINRA BrokerCheck before making a decision.
Read with this firm
- MF Global Inc. - 41.00 disclosures/office, nearest single-office firm peer to Waddell & Reed's 41.00
- Scott & Stringfellow, LLC - 41.00 disclosures/office, nearest single-office firm peer to Waddell & Reed's 41.00
- J.P. Turner & Company, L.L.C. - 42.00 disclosures/office, nearest single-office firm peer to Waddell & Reed's 41.00
- Red Flags in Advisor Records - How to read Waddell & Reed's heavy load disclosure profile without over-reading raw counts.
- Reading BrokerCheck Reports - Parse the 41 disclosures behind Waddell & Reed's Grade F.
- Highest-Risk Firms - Grade D/F firms on the same size-normalized scale as Waddell & Reed.
- Compare firms - put Waddell & Reed next to peers on grade and footprint.
Read our methodology - heavier-disclosure firms: how raw counts and per-office intensity are graded.
Retrieved and formatted by PlainAdvisorCheck from FINRA BrokerCheck public records.