Waddell & Reed, Inc. adds Industry Veteran Mark Schlafly to Help Lead Strategy, Growth of Broker/Dealer
May 03 2016 - 6:45AM
Business Wire
As it continues to reinforce its growth and evolution, Waddell
& Reed, Inc., a subsidiary of Waddell & Reed Financial,
Inc. (NYSE: WDR), has added a 30-year veteran to help lead the
effort. Mark J. Schlafly has joined Waddell & Reed, Inc. as
Executive Vice President, with primary responsibility for financial
advisor acquisition strategy, leadership development, sales growth
and sales support.
Schlafly, 55, served as President and CEO of FSC for nearly
three years, along with tenures at Russell Investments as a
Managing Director, as Senior Vice President, Brokerage, at LPL, and
as Vice President, Managed Products, at A.G. Edwards. He reports to
Derek Burke, President of Waddell & Reed, Inc.
“Mark is a well-known, respected industry veteran whose hiring
brings additional executive talent to Waddell & Reed, Inc.,”
said Thomas W. Butch, Chairman and CEO of Waddell & Reed, Inc.
and Executive Vice President of parent firm Waddell & Reed
Financial, Inc. “Along with Derek Burke and the leadership team,
Mark will help us enhance our position as a leading independent
broker/dealer.”
“Adding Mark to the team reflects an important step forward, as
his addition provides leadership resources to exploit the
significant opportunities present in our industry,” said Burke.
“His experience with successful independent advisors and his
strategic perspective will help accelerate our growth and our
broad-based strategic initiatives within the broker/dealer.”
In addition to advisor recruiting and leadership development,
Schlafly will oversee the advisors resources and sales support
desk, known as the Financial Advisors Sales Team (FAST), and have
responsibility for the products group.
Burke noted that Schlafly joins in conjunction with the launch
of a series of technology, product and brand initiatives,
collectively known as “Project E,” which are designed to enforce
the firm’s potential for growth and help it adapt to a changing
industry landscape. Last year Waddell & Reed announced a unique
partnership with Envestnet and Docupace to construct a
next-generation technology platform.
“This is a tremendous opportunity with a firm built around a
planning-based model that puts clients at the forefront,” said
Schlafly. “The culture, the executive commitment to growth and
evolution, and a network of more than 1,800 advisors nationally
position us well to create opportunity.”
Schlafly has Series 7, 24 and 63 licenses. He’s a graduate of
St. Louis University and holds the Chartered Financial Planning
designation.
About Waddell & Reed
Founded in 1937, Waddell & Reed, Inc. is one of the oldest
financial planning firms in the U.S., providing total planning
services to clients throughout the United States through its
network of more than 1,800 financial advisors. It is a subsidiary
of Waddell & Reed Financial, Inc. (NYSE: WDR), which had
firmwide assets under management of approximately $95 billion at
March 31, 2016.
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Securities and Investment Advisory Services offered through
Waddell & Reed, Inc., a Broker/Dealer, Member FINRA/SIPC and a
Federally Registered Investment Advisor.
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version on businesswire.com: http://www.businesswire.com/news/home/20160503005318/en/
Waddell & ReedRoger Hoadley, 913-236-1993VP, Director
of Communications
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