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.

Verify on FINRA BrokerCheck → Browse all firms
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)

MF Global Inc.41.00Scott & Stringfellow, LLC41.00J.P. Turner & Company, …42.00Waddell & Reed (this)41.00
Disclosures per office among single-office firm peers (lower is cleaner)

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

Branch offices

0 offices

FINRA: Small firm

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

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.

Every figure on PlainAdvisorCheck is rendered directly from FINRA BrokerCheck and SEC IAPD disciplinary records, no number is typed in by an editor. This page draws directly on FINRA BrokerCheck and SEC IAPD data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of July 2026.