Waddell Reed

or Register to post new content in the forum

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
May 14, 2009 9:46 pm

I read a Barron's article stating Waddell & Reed funds were ranked number 5 for 2008.  They have a sister company Ivy ranked 9.  Waddell was ranked 1 over a five year period.  I hear good but mostly bad about the company.   Any opinions?

May 14, 2009 11:02 pm

Here is some info: http://forums.registeredrep.com/forumposts.asp?TID=8842



If you haven't done it yet, the search works well on this forum.
May 15, 2009 12:22 pm

This is what I've found out, for transfer reps they let you bring over non waddell ivy funds but they don't pay you trails, you can sell stocks and bonds but they won't pay you on them and they want you to sell their funds.  I guess that's okay if there funds are good.  No options and only Nationwide for their annuity.  I think they do a lot of life insurance too.  I looked at their growth fund compared to Americans and over 20 years american fund is worth double.

May 15, 2009 5:27 pm

I have no personal beef with W & R, but,  I have looked at them. About 18 mos. ago their ave. rep was producing no more than $180k in T-12. That makes one wonder. The biggest guy in the region that was courting me was doing 67% of my production. I'm no whale, but that told me something that all the other window dressing could not.

Check it out and dig deeper. W & R seemed awefully proprietary and controlled.

May 15, 2009 6:36 pm

I won't touch them with a 10 foot pole. 

May 15, 2009 11:59 pm
burtonfinancial1:

I have no personal beef with W & R, but,  I have looked at them. About 18 mos. ago their ave. rep was producing no more than $180k in T-12. That makes one wonder. The biggest guy in the region that was courting me was doing 67% of my production. I'm no whale, but that told me something that all the other window dressing could not.

Check it out and dig deeper. W & R seemed awefully proprietary and controlled.



I'm at an indy firm, so I don't have a dog in this hunt.  But $180 T-12 with a 60-70% payout is not a bad living.  Gross production doesn't matter to me, net income does.  It's common knowledge that when most guys leave the wirehouse to go indy, their gross production plummets but they're not losing income and in most cases, their income has gone up. 

Proprietary and controlled is another story.  I know they push their W&R and Ivy funds HARD . . .

May 16, 2009 12:23 am

I've heard with Waddell you are independent with limited products.  Its 50% and you pay your own expenses.  I was considering these guys because they do a offer a little bit of a salary during the transition but the more I've learned there is no way.

May 17, 2009 1:50 pm

Even though I wouldn't work for these guys I might sell some of their funds.  They have an Asset Strategy that looks good.  Anybody have experience with their funds?