| Advisor Profile |
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Business Description |
At Waddell & Reed, our vision is to help you work toward achieving your financial aspirations. For over 70 years, we have been committed to helping investors develop and work toward financial goals designed to help them realize their life's dreams. We do this by providing personal, comprehensive financial planning and solid investment and insurance products delivered to you by skilled, well-trained financial advisors.
Todd Vessel offers full-service fee- and commission-based financial planning for his clients. Mr. Vessel gives each client the attention and service they deserve. He specializes in investments for individuals, their families and children, business owners and their employees. |
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General Information |
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| Name of Broker/Dealer: |
Waddell & Reed, Inc.
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| States Licensed in: |
TN, KY, GA, NC, LA, WI, AK
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| Years of Experience in Financial Services: |
3
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| Number of Years with Current Firm: |
3
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| I work with the following types of clients: |
Non-Profit Organizations, Individual Investors, Businesses
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Education |
| Academic Background |
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| Economics -- Louisiana State University, Baton Rouge |
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Services |
| Investment Types: |
Insurance, Mutual Funds, Annuities, Bonds, Stocks
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Qualifications & Memberships |
| Securities Licenses: |
Series 7, Series 66
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| Insurance and Annuity Licenses: |
Health, Annuity, Disability, Variable Life, Long Term Care, Variable Annuity, HMO, Life
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| Non-Financial Organization Memberships: |
President, Brentwood, TN chapter of BNI.
Member of the Brentwood-Cool Springs Chamber of Commerce.
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Firm Information |
| Number of Advisors in Office: |
10 - 99 employees
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| Advisor's Number of Clients: |
50-plus
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| Advisor's Number of Managed Clients: |
50-plus
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| Advisor's Number of Planning Clients: |
20-plus
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Compliance |
| Registered Investment Advisor: |
Yes
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| Compliance Disclosures in Last 5 years: |
I have a clean record
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| Criminal Disclosures in Last 5 years: |
I have a clean record
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Compensation & Fees |
| I am a fee-based financial professional: |
Yes
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| Minimum Portfolio Size for New Managed Accounts: |
$40,000
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| Compensation Methods: |
Commissions, Based on Assets, Flat Fee
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| Prepared By: |
Todd Vessel |
Frequently Asked Questions |
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Do you have a customer satisfaction or refund policy? |
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Yes. If you change your mind on a financial plan within 30 days, you can receive a refund. |
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What are your qualifications? What is your education background? |
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FINRA Series 7 and Series 66 licensed. Also licensed in several states for life, health and long-term care insurance.
Economics -- Louisiana State University, Baton Rouge. |
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What is your approach to financial planning? |
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I work with my clients to enable them to not only identify their financial goals, but to take consistent action toward achieving them. |
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What services do you offer? |
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Mutual Funds
College Savings Plans
Annuities
Financial Planning
Disability
Long-Term Care
Estate Planning
Business Planning
Fee-based Managed Allocation Portfolio (MAP)
Life Insurance
Individual & Group Disability, HSA, Health & Dental Plans
Roth, Traditional IRA
401(k) Plans/Rollovers
Business Retirement Plans & Benefits |
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How many clients do you currently manage? |
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Will you be the only person working with me? |
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Yes, unless a situation arises where the expertise of some of our outside partners is needed to help you achieve your long-term financial goals. |
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How are you compensated? How will I pay for your services? |
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Three levels of service: 1) Fee-based financial planning; 2) Fee- and commission-based planning; 3) Transactional commission. |
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If you are going to manage my account, will you obtain my permission every time you buy or sell something? |
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Do you offer any guaranteed results? |
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No, unless it is a fixed-income account. |
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How much risk should I be willing to take? |
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Your risk factors depend on several things, such as your age, income, long-term goals, etc. Everyone is different and therefore has different risk factors. |
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Have you ever been charged with any breaches? |
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What carrier(s) do you represent? |
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As of June 2009: American General; Banner; Genworth; Lincoln; MetLife; Prudential; United of Omaha; North American; ING; TransAmerica; West Coast. |
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Are there any pre-existing conditions that you can not cover? |
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That is up to the underwriters of each carrier. |
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How long does it take to complete the application and approval process? |
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Usually less than two weeks. |
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Is there a maximum age that you can insure? |
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It can vary with each carrier, but usually it is 85 years old. |
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What services do you provide? What are your specialties? |
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Mutual Funds
College Savings Plans
Annuities
Financial Planning
Disability
Long-Term Care
Estate Planning
Business Planning
Fee-based Managed Allocation Portfolio (MAP)
Life Insurance
Individual & Group Disability, HSA, Health & Dental Plans
Roth, Traditional IRA
401(k) Plans/Rollovers
Business Retirement Plans & Benefits |
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What is your experience? How many clients do you currently manage? |
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Three-plus years; currently manage over 60 clients. |
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What financial institution(s) do you represent? |
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How do you charge for your services? |
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Three levels of service: 1) Fee-based financial planning; 2) Fee- and commission-based planning; 3) Transactional service. |
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Do you provide a free initial consultation? |
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Why should I choose you as my financial advisor? |
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At Waddell & Reed, our vision is to help you work toward achieving your financial aspirations. For over 70 years, we have been committed to helping investors develop and work toward financial goals designed to help them realize their life's dreams. We do this by providing personal, comprehensive financial planning and solid investment and insurance products. |
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| Q. |
What kind of plans do you specialize in? |
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We partner with Securian and Nationwide to offer a variety of competitive 401(k) plans for your business. |
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Do you offer any additional services? |
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Financial planning; investment advice for participating members. |
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What are your qualifications? |
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FINRA Series 7 and Series 66 licensed. |
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What is your approach to Education Planning? |
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With the spiraling costs of higher education, it is wise to begin saving as early as possible in a child's life. By investing in a 529 College Savings Plan, the money will grow tax-deferred and when used for higher education expenses, it is tax-free. |
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How long does the process of setting up an Education Plan usually take? |
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What financial institutions do you represent? |
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How many years of experience do you have? |
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Three years; currently manage over 60 clients. |
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What are your fees for this service? |
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The cost to invest in a portfolio's funds is a one-time charge of 5.75 percent. |
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How many Education Planning clients do you currently manage? |
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Why should I work with you on setting up an Education Plan? |
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I listen to my clients and care about helping them reach their long-term goals of paying for their children's higher education expenses with a college savings plan that is right for their particular situation. |
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Do you provide a free initial consultation? |
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What are your qualifications? |
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FINRA Series 7 and Series 66 licensed. |
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What is your approach to 401 K plan rollovers? |
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If you have changed jobs or retired recently, I can help you make your transition a little easier through an IRA rollover account developed especially for you. An IRA rollover account established with Waddell & Reed can help you invest for your retirement while paying no current income taxes on your retirement savings today. |
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How long does the process of rolling over a 401K plan usually take? |
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What financial institutions do you represent? |
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How many years of experience do you have? |
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Three years; currently manage over 60 clients. |
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What are your fees for this service? |
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It can depend on the situation. It can be fee-based or commission-based. |
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How many 401K rollover clients do you currently manage? |
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Why should I roll over my 401K plan to your firm? |
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With more than 70 years in the financial planning and investment management business, we are well-equipped to be your partner in planning your financial future. We work for you based upon your specific needs, and do so with openness, perspective and respect for the trust that you place in us. |
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Do you provide a free initial consultation? |
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