What fees are associated with Waddell & Reed accounts?

Waddell & Reed offers a transparent fee structure to meet our clients' diverse needs. Our accounts may have various fees depending on the investment services provided. Common fees include advisory fees, transaction fees, and commissions. Advisory fees are charged for ongoing investment management and are typically a percentage of your assets under management. Transaction fees may apply when buying or selling securities within your account, while commissions are assessed on certain investment products. Additionally, there might be custodial fees or expenses related to mutual funds. It is important to review the specific fee schedule for each account type to gain a comprehensive understanding of the costs associated with your Waddell & Reed account.