EDJ vs Waddell & Reed

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May 1, 2008 5:29 pm

I’m interviewing with both.  If you had to choose between one of the two to get in the industry who would you choose and why?  Can Waddell offer my future clients more in terms of product offering?

  Your feedback is welcomed.
May 1, 2008 6:10 pm

I’d avoid Waddell & Reed.  Do a google search for Stephen Sawtelle and make up your own mind.

At least EDJ would teach you how to prospect.

May 1, 2008 6:35 pm

The Stephen Sawtelle thing just tells me that i have a better chance of winning a court case against W&R then I do at EDJ, right?  Maybe that’s the rerason I should choose W&R.  What does the lawsuit have to do with prospecting? 

  Does anyone know anything about the training program with W&R?
May 1, 2008 7:33 pm

They’ve obviously got some good funds.

  They're beaten beyond recognition every time their name is mentioned on this forum, so I was naturally very surprised to see them at the top of this list.   http://s.wsj.net/public/resources/documents/BA_FUND_FAMILY_020408.pdf    
May 1, 2008 8:28 pm

They just own Ivy Funds. It doesn’t make them a great brokerage.

May 1, 2008 8:31 pm

Right…the Waddell & Reed fund and Ivy fund are good…but that doesn’t tell me much about the firm.  I guess I better read up on this blog about W&R and see what is so bad about them.  I have read a lot about EDJ.

May 2, 2008 6:20 am

Skippy has already given you all of the information that you need to know about W&R.  You just need to do a better job of interpreting that information.