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WADDELL & REED REPLACES ‘FREE’ WITH ‘FEES’: PLANS WILL COST CLIENTS UP TO $250, A SWITCH FROM FORMER COMMISSION-ONLY STRUCTURE

Waddell & Reed Inc. soon will begin charging customers for financial plans, a move that may presage bigger…

Waddell & Reed Inc. soon will begin charging customers for financial plans, a move that may presage bigger changes for the 60-year-old investment company as it prepares to go public.

The Overland Park, Kan., company's 2,100 affiliated financial planners until now have provided planning services for

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