Waddell & Reed Inc. just added nine more advisors in the past six weeks with combined assets under administration of $701 million and yearly fees and commissions of $3.4 million.
Year to date, the Overland Park, Kansas-based firm has added 22 new advisors. Overall, the firm has some $52 billion AUA, about $23 billion of which is handled by its 922 financial advisors as of March 30.
The advisors come from a variety of firms. Previously with Edward Jones are Andrew Stenzel of Boulder, Colorado, Yoko Lawing of North Platte, Nebraska, and Christopher Anderson of Campbell, California.
Kevin Albrecht of Bridgewater, New Jersey, was previously with Cetera. T. Michael Hodgan Jr. of Honolulu, Hawaii, was with Pensionmark Securities and Adrienne Alvarez of Irvine, California, was with US Bankcorp Investments.
Marc Hollendoner of Oak Brook, Illinois, comes from Fifth Third Securities, while Lawrence King of Temecula, California worked with Mutual Securities and Roger Buller of Wichita, Kansas, was affiliated with Benjamin F. Edwards & Co.