What is the minimum investment required for Waddell & Reed accounts?

The minimum investment required for Waddell & Reed accounts varies depending on the type of account and investment option selected. Generally, the minimum initial investment for most mutual funds is $1,000, while for certain funds or accounts, the requirement may be higher. However, there are exceptions to the minimum requirement for retirement accounts, where it can be as low as $100 or even $25 for an automatic investment plan. Additionally, Waddell & Reed provides various investment options that have no minimum initial investment amount. It is important to note that minimums may differ based on specific fund or account types, and investors are encouraged to consult with a Waddell & Reed advisor to determine the minimum investment needed for their desired account or investment option.