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Happier in the Heartland

Traders Magazine, August 1999

Gregory Bresiger

Head hunters please take note: Jeff Albright, vice president and head of equity trading at Waddell & Reed Financial Services in Shawnee Mission, Kansas, has no desire to head for the big time. He wants no supervisory work at the trading desks of Fidelity, American Century or at some other fund giant or even at a wirehouse in New York City.

He is very happy heading a medium-size desk of five traders--a desk in which he trades as much if not more than he supervises. He is enthusiastic about a trading firm with $25 billion in assets--about $19 billion in equity and the rest in bonds--and primarily working on the firm's mutual funds. His desk handles about 50 trades a day.

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