Waddell & Reed

Recruit Deal

5% to 25%

Upfront 5% to 25%

Comp/Payout

Advisor Compensation Grid

Compensation Grid Based on T-12 TGR

From

To

Tier #

Cash Payout Rate

0

99,999

1

46.0%

100,000

174,999

2

54.0%

175,000

249,999

3

60.0%

250,000

374,999

4

66.0%

375,000

499,999

5

67.5%

500,000

624,999

6

70.0%

625,000

749,999

7

72.5%

750,000

874,999

8

75.0%

875,000

999,999

9

77.5%

1,000,000

1,249,999

10

80.0%

1,250,000

1,499,999

11

82.0%

1,500,000

+

12

84.0%