Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
STROHM MICHAEL D
   2. Issuer Name and Ticker or Trading Symbol
WADDELL & REED FINANCIAL INC [WDR] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP & Chief Operations Officer
(Last)
(First)
(Middle)
6300 LAMAR AVENUE		 3. Date of Earliest Transaction (Month/Day/Year)
11/08/2007
(Street)

OVERLAND PARK, KS 66202		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common 11/08/2007   S   100 D $ 33.1 149,694 D  
Class A Common 11/08/2007   S   394 D $ 33.07 149,300 D  
Class A Common 11/08/2007   S   300 D $ 33.06 149,000 D  
Class A Common 11/08/2007   S   300 D $ 33.05 148,700 D  
Class A Common 11/08/2007   S   300 D $ 33.04 148,400 D  
Class A Common 11/08/2007   S   700 D $ 33.03 147,700 D  
Class A Common 11/08/2007   S   1,300 D $ 33.02 146,400 D  
Class A Common 11/08/2007   S   1,000 D $ 33.01 145,400 D  
Class A Common 11/08/2007   S   1,500 D $ 33 143,900 D  
Class A Common 11/08/2007   S   200 D $ 32.99 143,700 D  
Class A Common 11/08/2007   S   1,900 D $ 32.98 141,800 D  
Class A Common 11/08/2007   S   700 D $ 32.97 141,100 D  
Class A Common 11/08/2007   S   2,100 D $ 32.96 139,000 D  
Class A Common 11/08/2007   S   6,700 D $ 32.93 132,300 D  
Class A Common 11/09/2007   S   20,000 (1) D $ 32.7833 112,300 D  
Class A Common 11/08/2007   I   2,939.5856 (2) D $ 33.76 112,300 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
STROHM MICHAEL D
6300 LAMAR AVENUE
OVERLAND PARK, KS 66202		       SVP & Chief Operations Officer  

Signatures

 Michael D. Strohm   11/13/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) These shares constitute a portion of a larger sale order of Class A Common stock held by Mr. Strohm and other clients of the Company's transfer agent with no means for the broker to ascertain individual lot ownership or prices. Sale prices of all shares sold in this order ranged from $32.93 to $32.59.
(2) These shares were previously reported in the form of 3,105.5893 units (which include Class A common stock and cash reserves) representing Mr. Strohm's interest in the Company's 401(k) Plan unitized stock fund. Upon liquidation of this investment, giving effect to the cash component, the stock component converts into 2,939.5856 shares of Class A common stock. As the underlying shares were reported as units, not shares, in Column 5 of prior filings, this transaction does not affect the total number of shares held in Column 5 being reported with this filing.

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