How would you compare Edward Jones to other firms?

Aug 13, 2009 7:31 pm

EDJ is ranked very highly in every publication I see,  but they just dont seem as “elite” as other big name firms.  Their FA’s don’t seem quite as educated as FA’s from other firms

  If you were starting a career, would you choose EDJ over a MSSB, UBS, merrill lynch or even Chase?   When I was in school, I never heard professors/students/career fairs mention Jones.      
Aug 13, 2009 7:42 pm

I think you are fairly accurate in your observations.  However, when starting from scratch, it really comes down to who gives you the highest likelihood of “making it” the first few years.  And I think that much of it depends on you, your area, the branch offices of the other firms in your area, and your potential opportunity to either join a team or get a “Goodknight” from a Jones office.  Sorry to not be more specific.

Aug 13, 2009 7:50 pm
B24:

I think you are fairly accurate in your observations.  However, when starting from scratch, it really comes down to who gives you the highest likelihood of “making it” the first few years.  And I think that much of it depends on you, your area, the branch offices of the other firms in your area, and your potential opportunity to either join a team or get a “Goodknight” from a Jones office.  Sorry to not be more specific.

  Thanks,   I've met two FA's from Jones, and both of them told me that some of the bigger firms tried to recruit them a few months after passing their exams.  Is this common?
Aug 13, 2009 7:57 pm

I wouldnt pick a firm based on “name” recognition, nor would I pick a firm based on publications. That only goes so far and a lot of the names have been damaged anyways. There are so many different entry jobs and so many different opportunities. I think you need to find which one YOU feel good about. When you meet with 3 or 4 groups/firms you will know where you feel comfortable. Yes Jones guys get recruited from other firms and Jones recruits themselves.

Aug 13, 2009 7:58 pm
utcheachea:

[quote=B24]I think you are fairly accurate in your observations.  However, when starting from scratch, it really comes down to who gives you the highest likelihood of “making it” the first few years.  And I think that much of it depends on you, your area, the branch offices of the other firms in your area, and your potential opportunity to either join a team or get a “Goodknight” from a Jones office.  Sorry to not be more specific.

  Thanks,   I've met two FA's from Jones, and both of them told me that some of the bigger firms tried to recruit them a few months after passing their exams.  Is this common?[/quote]   I had a few firms recruit me after passing the exams, though I am under the impression that it had a lot more to do with the fact that they didn't have to pay to license me than it did the fact that I went through some magical Edward Jones training.
Aug 13, 2009 8:06 pm

[quote=utcheachea]EDJ is ranked very highly in every publication I see,  but they just dont seem as “elite” as other big name firms.  Their FA’s don’t seem quite as educated as FA’s from other firms

  If you were starting a career, would you choose EDJ over a MSSB, UBS, merrill lynch or even Chase?   When I was in school, I never heard professors/students/career fairs mention Jones.      [/quote] I think that you are really asking the wrong question. The question should be would you rather have a mentor type relationship and learn the business from a seasoned ethical professional or would you rather have a cold start to the business and take your chances. I would rather find someone that is knowledgeable and who I can learn the business from and I would not be as concerned with firm ( within reason) if I were starting in the business today. There is so much to this business and so very little of it is in textbooks or training manuals......
Aug 13, 2009 11:45 pm

You don't seem quite as educated as other newbies that make stupid posts.  You know the average level of education of an FA at Edward Jones?  Any other firm?  Why don't you and some of your "educated students" or "career fair attenders" go start a hedge fund.  Hell, after you are successful we will "guess" your education level.

Aug 14, 2009 12:16 am

[quote=utcheachea]When I was in school, I never heard professors/students/career fairs mention Jones.[/quote]

The bulletin board at the unemployment office doesn’t have any index cards for Edward Jones…ok, maybe just one.



Aug 14, 2009 12:44 am

[quote=utcheachea] …Their FA’s don’t seem quite as educated as FA’s from other firms



[/quote]



As edumacated? I dunno, I tink Im purdy smart.



The very best Edward Jones FA I met had been to so many trips he needed two passports. All of his clients loved him, and he spoke in plain language - using analogies that anyone could understand. He never spoke above anyone he met. But Steve Jones was smart as the day is long.



Because we don’t use sophisticated methodology, don’t be so foolish as to underestimate the capacity we have to create lasting and indomitable relationships. Clients win when they buy in to the process, remain committed and understand what it is we do. It’s a facet lost on many Ivy League brainiacs at Chase.



I’m curious … at UBS, MSSB, ML and even Chase … do those organizations have veteran FAs volunteer weeks to sit at phone bank … answering the questions of newbies? Do those organizations offer to pay back as much as 75% of all seminars for the first two years? Will they repay the newbie up to 75% for sophisticated marketing materials like booth materials? Do they in any way level the playing field for the newbies so they might be able to attend an all expenses paid trip to exotic locations? When it comes to meetings - regional meetings - are all the expenses (even travel) paid for?



So … tell me again how edumacated those UBS/ML/Chase guys are.





Aug 14, 2009 1:16 am

Does Jones hire dummies? You bet. But I would say they hire some pretty smart guys. Qwerty, B24, Spiff, Bspears, me (you like that?!). You are screwed before you even start making dumbass comments.

Aug 14, 2009 2:31 am

If you are opening a single advisor office in a town where only 10% of the residents have a college degree, it probably works best to have an advisor who didn’t go to college.


Aug 14, 2009 2:40 am

I think you were trying to insult Jones FAs.  The problems is that you ended up insulting people (all of our clients) instead.  Do all of the Jones bashing you want.  Don’t insult people who give Financial Advisor’s money.  Thanks to the crap of the last 18 months, all of our jobs are hard enough.  Don’t make it worse by mocking the very people that trust and count on all of us.  It is sh*tbags like you that make the general public hate and distrust FAs and “Wall Street Fat Cats”.  Respect the people that trust us with their money.

Aug 14, 2009 12:01 pm

[quote=iceco1d] The wires (i.e. the former Smith Barney, Morgan Stanley, Merrill Lynch, UBS, Goldman, etc.) have the reputation for being “Premier” firms with “top tier” (as you say, “highly educated”) advisors is because of their investment banking, hedge funds, and UHNW-only brokerage divisions. Those divisions DO only take top-of-your-class MBAs, Ph.Ds, and CFAs from Ivy League colleges. The retail brokerage arms of those firms take ex-car salesmen and retired military over the highly-educated bookworms, just like Edward Jones and rest of the industry.The only reason EDJ “seems” like they have “less educated” people than them is because they are for the most part “just a retail brokerage.”

[/quote]





what he said.

Aug 14, 2009 1:25 pm

[quote=utcheachea]EDJ is ranked very highly in every publication I see,  but they just dont seem as “elite” as other big name firms.  Their FA’s don’t seem quite as educated as FA’s from other firms

  If you were starting a career, would you choose EDJ over a MSSB, UBS, merrill lynch or even Chase?   When I was in school, I never heard professors/students/career fairs mention Jones.      [/quote]   D-Bag   or would you prefer the more sophisticated French version?   D-Baguette
Aug 14, 2009 1:31 pm
iceco1d:

The wires (i.e. the former Smith Barney, Morgan Stanley, Merrill Lynch, UBS, Goldman, etc.) have the reputation for being “Premier” firms with “top tier” (as you say, “highly educated”) advisors is because of their investment banking, hedge funds, and UHNW-only brokerage divisions. 

Those divisions DO only take top-of-your-class MBAs, Ph.Ds, and CFAs from Ivy League colleges.  The retail brokerage arms of those firms take ex-car salesmen and retired military over the highly-educated bookworms, just like Edward Jones and rest of the industry.

The only reason EDJ “seems” like they have “less educated” people than them is because they are for the most part “just a retail brokerage.”

  Well put, ICE.  It is sort of funny, we are really the only firm that is still just a retail brokerage firm.  And a private partnership.  I know many wirehouse FA's in my area, and none of them are the "elite" educated people that were referenced in the first post.  By far, the two biggest former occupations of FA's in my area are pharma salesmen and miltary veterans (navy).  A few started right out of college.  And we have ALL of the wires represented in my area.  I probably have more financial and relevant education background than any of them (and look how much good that's done me!).
Aug 14, 2009 1:34 pm

And FYI, that was not intended at all to be a knock against pharma salesmen or military veterans - it is just an observation. 

  The other thing I will say, is that about 90% of the FA's in my region came from banking, insurance, or brokerage prior to joining Jones.  I know this because we get a roster at the summer regional meeting, and it lists everyone's former ocupation.
Aug 14, 2009 1:37 pm

[quote=B24] And FYI, that was not intended at all to be a knock against pharma salesmen or military veterans - it is just an observation.



The other thing I will say, is that about 90% of the FA’s in my region came from banking, insurance, or brokerage prior to joining Jones. I know this because we get a roster at the summer regional meeting, and it lists everyone’s former ocupation.[/quote]



I was always amazed at the former occupations people had. Some of them in my region were quite strange. The guys with a finance background usually seemed to be either stuck in Segment 3, or below standard. The guys who were pharma reps (with the exception of one) and trailer park salesmen usually killed it.
Aug 14, 2009 2:20 pm

SpikedKoolaid, a former contributor to this website, sold books door to door for 16 years.  He did very well at EDJ and has since gone independent last I heard.

Aug 15, 2009 2:01 am

[quote=B24] And FYI, that was not intended at all to be a knock against pharma salesmen or military veterans - it is just an observation.



The other thing I will say, is that about 90% of the FA’s in my region came from banking, insurance, or brokerage prior to joining Jones. I know this because we get a roster at the summer regional meeting, and it lists everyone’s former ocupation.[/quote]



thank you for answering my question without attacking me. these other people are crying like little kids…



i wasnt trying to disrespect jones, some of you people are waaaay to sensitive. i said that jones fa’s dont seem as educated as fa’s from other firms (i have no clue why you got mad, everyone agrees that it’s true.) I’ve never met an FA from a firm that didnt have a degree, neither one of the people I met from Jones went to college. Obviously that hasnt stopped them from doing well, so what are you people getting so upset about?



To the whiny bitches, point out something i said that looked like I was trying to “make Jones look bad”



Aug 15, 2009 2:02 am

[quote=iceco1d] The wires (i.e. the former Smith Barney, Morgan Stanley, Merrill Lynch, UBS, Goldman, etc.) have the reputation for being “Premier” firms with “top tier” (as you say, “highly educated”) advisors is because of their investment banking, hedge funds, and UHNW-only brokerage divisions. Those divisions DO only take top-of-your-class MBAs, Ph.Ds, and CFAs from Ivy League colleges. The retail brokerage arms of those firms take ex-car salesmen and retired military over the highly-educated bookworms, just like Edward Jones and rest of the industry.The only reason EDJ “seems” like they have “less educated” people than them is because they are for the most part “just a retail brokerage.”

[/quote]



great post, never thought about this.

Aug 15, 2009 5:12 am

[quote=utcheachea] [quote=B24] And FYI, that was not intended at all to be a knock against pharma salesmen or military veterans - it is just an observation. 

 

The other thing I will say, is that about 90% of the FA’s in my region came from banking, insurance, or brokerage prior to joining Jones.  I know this because we get a roster at the summer regional meeting, and it lists everyone’s former ocupation.[/quote]



thank you for answering my question without attacking me. these other people are crying like little kids…



i wasnt trying to disrespect jones, some of you people are waaaay to sensitive. i said that jones fa’s dont seem as educated as fa’s from other firms (i have no clue why you got mad, everyone agrees that it’s true.) I’ve never met an FA from a firm that didnt have a degree, neither one of the people I met from Jones went to college. Obviously that hasnt stopped them from doing well, so what are you people getting so upset about?



To the whiny bitches, point out something i said that looked like I was trying to “make Jones look bad”



[/quote]

The president at the local ML branch didn’t go to college. Btw on EVERY job posting for a FA at ML,MSSB, UBS etc. says “Bachelor degree not required.” Every firm hires guys/women without degrees, as long as they have 5+ years work/sales experience.

Here is an actual MSSB ad from careerbuilder.com

Job Requirements
Bachelor’s Degree and/or a minimum of 5 years related experience (i.e., sales, commercial banking, financial wholesaler) Demonstrated ability to sell Strong work ethic and ability to multitask Competitive and results oriented Demonstrated ability to develop and cultivate relationships Interest in financial markets and investments Excellent problem solving, networking, communication, interpersonal and organizational skills Preferred Experience
Prior sales experience Prior business owner/ entrepreneur Prior professional service career (Legal, Accounting, Education, Military) Other Qualifications Candidates must:
Be authorized to work in the U.S. without restriction as to duration. Pass a Background Check. Pass any applicable pre-employment tests.
Aug 15, 2009 12:10 pm

[quote=utcheachea] [quote=B24] And FYI, that was not intended at all to be a knock against pharma salesmen or military veterans - it is just an observation.



The other thing I will say, is that about 90% of the FA’s in my region came from banking, insurance, or brokerage prior to joining Jones. I know this because we get a roster at the summer regional meeting, and it lists everyone’s former ocupation.[/quote]



thank you for answering my question without attacking me. these other people are crying like little kids…



i wasnt trying to disrespect jones, some of you people are waaaay to sensitive. i said that jones fa’s dont seem as educated as fa’s from other firms (i have no clue why you got mad, everyone agrees that it’s true.) I’ve never met an FA from a firm that didnt have a degree, neither one of the people I met from Jones went to college. Obviously that hasnt stopped them from doing well, so what are you people getting so upset about?



To the whiny bitches, point out something i said that looked like I was trying to “make Jones look bad”



[/quote]



Who is “everyone” and where does it say that they “agree that it’s true”?



I don’t even work for Jones, and really don’t like them as a company, but to disrespect the people who work there as “less educated” - that’s crap.



Just like anything else, it is the same proportion of people at every firm that either has or doesn’t have a degree. The people who have the ability to do this all share similar qualities. Before you start calling people whiny bitches, it might be a good idea to have three years under your belt. Then you might be able to name call.
Aug 15, 2009 12:33 pm
utcheachea:

To the whiny bitches, point out something i said that looked like I was trying to “make Jones look bad”

    [quote=utcheachea]Their FA's don't seem quite as educated as FA's from other firms[/quote]   Umm, I'm with Moraen also.  I'm not from Jones either, but I'd find it hard to not take offense at a potshot like this from someone who's not even in the industry. 
Aug 15, 2009 9:30 pm
3rdyrp2:

[quote=utcheachea]To the whiny bitches, point out something i said that looked like I was trying to “make Jones look bad”



[quote=utcheachea]Their FA’s don’t seem quite as educated as FA’s from other firms[/quote]





Umm, I’m with Moraen also. I’m not from Jones either, but I’d find it hard to not take offense at a potshot like this from someone who’s not even in the industry. [/quote]



people from jones have cosigned that statement though…its not a potshot, its a stat…big difference



Aug 16, 2009 4:52 am

who are these people? Porkerboy? He’s a scumbag. Stilljones? He should have been aborted at birth.

Aug 16, 2009 11:00 am

Ouch! I wasn’t part of this discussion except for an appropriate marketing comment!

And, I don’t know what it is like in all your hillbilly and red-neck regions; but in mine, I think there were more people with master’s degrees than people with no degree.

Aug 16, 2009 3:11 pm
utcheachea:

[quote=3rdyrp2] [quote=utcheachea]To the whiny bitches, point out something i said that looked like I was trying to “make Jones look bad”

  

 [quote=utcheachea]Their FA’s don’t seem quite as educated as FA’s from other firms[/quote]

 



Umm, I’m with Moraen also.  I’m not from Jones either, but I’d find it hard to not take offense at a potshot like this from someone who’s not even in the industry.  [/quote]



people from jones have cosigned that statement though…its not a potshot, its a stat…big difference



[/quote]
Stat? Citation, please.
Aug 16, 2009 3:53 pm

[quote=SometimesNowhere]

[quote=utcheachea] [quote=3rdyrp2] [quote=utcheachea]To the whiny bitches, point out something i said that looked like I was trying to “make Jones look bad” [/quote]



[quote=utcheachea]Their FA’s don’t seem quite as educated as FA’s from other firms[/quote]





Umm, I’m with Moraen also. I’m not from Jones either, but I’d find it hard to not take offense at a potshot like this from someone who’s not even in the industry. [/quote]



people from jones have cosigned that statement though…its not a potshot, its a stat…big difference



[/quote]Stat? Citation, please. [/quote]



I agree. Other than the regional leader, most people had degrees. I know at least six of us had master’s and two had law degrees.



Cite your source and post the links.
Aug 16, 2009 5:52 pm

It is odd that Borker has not been around. My guess is he’s planning his exit from Jones.

Aug 17, 2009 5:51 am

Stilljones, I’m busting ya. Porkerboy killed himself. He couldn’t look at himself in the mirror anymore. Going out every day and door-knocking for a company and a cause he despised was too much. He didn’t no what he stood for and decided to end it.
…That or he got fired. Either way its for the best.

Aug 17, 2009 2:22 pm

SVM you are just out of college and have absolutely no world experience outside of sucking from your parents teet and you are busting on guys like Still@jones and borkerboy who have at least ventured into the arena and gotten knocked around ? Unreal.

Aug 18, 2009 12:03 am

[quote=Ron 14]SVM you are just out of college and have absolutely no world experience outside of sucking from your parents teet and you are busting on guys like Still@jones and borkerboy who have at least ventured into the arena and gotten knocked around ? Unreal.[/quote]

Your a d***. Borkerboy insulted his firm and his fellow employees every chance he got. To be able to get up every day and do something you despise is spineless. He was a joke.

What does my age have anything to do with this? Maybe I should tell you my height too? Or maybe say that my dad could beat up your dad. What is the the 7th grade?
Are you better then me because your closer to death? I guess if that makes you feel superior, go for it. Or maybe it has to do with the fact that I’m starting at a firm that you were let go from? Who knows.

I bust still@jones for several reasons. One he’s a fellow Joneser, two his posts are hilarious, they really do make my day, and three the irony of his username. It’s all in jest.

As for Borkerboy, from the first day I posted on this board he was a d*** to me. He is spineless and he was “sucking on edward jones teet.” It has nothing to do with “getting knocked around.” Please I have quite a large amount of sales experince for my age. Grow up.

Aug 18, 2009 12:08 am

Borker actually makes me want to kill myself.  Dude is so negative!

I hope he’s been absent because the Prozac has finally kicked in.


Aug 18, 2009 12:09 am

Watch out Volt, his protector, cough Ron69, cough might come and stick up for him.
I guess I’m not acting my age. Sorry Ron. I’ll be more mature next time.



Aug 18, 2009 12:31 am

You guys bashing Borker… would you think you know more than an E-5 in the Army who still had a few years left before he got out? Unlikely. My guess is even at his slackest, he’d make a pair of newbies look like chumps.



I know his posts were getting a little out of control, but he still has a LOT more experience than you two. No offense volt - I know you are working your ass off. I haven’t read too many of your posts svm, but I think you both could learn a little bit from Borker’s attitude, if not him.



His Edward Jones experience could end up being yours.

Aug 18, 2009 1:06 am

I have no comment on his experience, he could be a rock star.  My comment is on his attitude, which SUCKS.

I do know one thing … the moment I start hating where I’m at I’m gone.  You will not see me bitching on this forum about Jones the way he did.  You’ll see me asking lots of questions about going Indy and leaving, contact or no contract.


Aug 18, 2009 2:43 am
svm21:

[quote=Ron 14]SVM you are just out of college and have absolutely no world experience outside of sucking from your parents teet and you are busting on guys like Still@jones and borkerboy who have at least ventured into the arena and gotten knocked around ? Unreal.[/quote]

Your a d***. Borkerboy insulted his firm and his fellow employees every chance he got. To be able to get up every day and do something you despise is spineless. He was a joke.

What does my age have anything to do with this? Maybe I should tell you my height too? Or maybe say that my dad could beat up your dad. What is the the 7th grade?
Are you better then me because your closer to death? I guess if that makes you feel superior, go for it. Or maybe it has to do with the fact that I’m starting at a firm that you were let go from? Who knows.

I bust still@jones for several reasons. One he’s a fellow Joneser, two his posts are hilarious, they really do make my day, and three the irony of his username. It’s all in jest.

As for Borkerboy, from the first day I posted on this board he was a d*** to me. He is spineless and he was “sucking on edward jones teet.” It has nothing to do with “getting knocked around.” Please I have quite a large amount of sales experince for my age. Grow up.

  I didnt even know you were at Jones until you just said it. I have posted my numbers so you can claim I was let go all you want. I actually wish they would have fired me about 3 months in because I would be even further ahead.
Aug 18, 2009 3:41 am

Look, Im sure the guy has/does/will do great things in life. However, if i begin to loath Eddie Jones. I will leave. Simple as that. I will not go on this board and spew hate speech. Alright maybe hate speech is extreme, but my point stands. It’s bullsh*t that he would go out and sell someone on his firm, the ideals, products, approach not to mention himself, only to know inside that he didn’t believe it himself. He wasn’t only cheating the little old lady down the street, he was cheating himself. I’m sorry, but I can’t respect someone that does that. I don’t care what hes done or if he’s a rockstar or not. That means squat to me. He was a fake. A phony. And at a time when our commitment, transparency, and honesty is being tested at all time highs he’s jeopardizing it. I’m glad he’s gone. In addition you would think, well you would hope, that a vet has more integrity then he displayed in every post. I guess not. Go ahead flame me. I don’t mind. I stand by what I said.

Aug 18, 2009 3:47 am

I am with you on that point. I began to loathe Eddie J and I left within 2 months. Full disclosure though, I have spewed some minor hate towards them on this board but not much.

Aug 18, 2009 3:54 am

See Ron the difference is, is that you are no longer at EDJ. You had enough integrity, balls, moxy, whatever you want to call it, to leave. He didn’t. In my book that makes him a loser. It’s one thing to have a realistic view of your firm and take good hearted jabs at it. It’s another thing to hate, and i mean HATE your place of work. Ugh, it makes me sick. I couldn’t look at myself in the mirror if I hated my job as much as he displayed. Ugh. I’m done with this thread.

Aug 18, 2009 1:25 pm
svm21:

Look, Im sure the guy has/does/will do great things in life. However, if i begin to loath Eddie Jones. I will leave. Simple as that. I will not go on this board and spew hate speech. Alright maybe hate speech is extreme, but my point stands. It’s bullsh*t that he would go out and sell someone on his firm, the ideals, products, approach not to mention himself, only to know inside that he didn’t believe it himself. He wasn’t only cheating the little old lady down the street, he was cheating himself. I’m sorry, but I can’t respect someone that does that. I don’t care what hes done or if he’s a rockstar or not. That means squat to me. He was a fake. A phony. And at a time when our commitment, transparency, and honesty is being tested at all time highs he’s jeopardizing it. I’m glad he’s gone. In addition you would think, well you would hope, that a vet has more integrity then he displayed in every post. I guess not. Go ahead flame me. I don’t mind. I stand by what I said.

  You can dislike your B/D and still do what's right for the client.  I don't care what anyone says, Edward Jones is not SO bad that you can't operate effectively within their boundaries.  There's plenty that I dislike about Jones, but there's also plenty that I like.  I operate within their walls, albeit not exactly the way Jones preaches.  So as much as I disdain Borker's "why me?!" girly little attitude, it doesn't make him a fake or a phony.  In fact, he was probably using this site as a sounding board, in order to get his frustrations out.  But wasn't it obvious that he was pursuing other options?  That doesn't just happen overnight.  And what do you expect of him?  Up and quit on the spot when he decided he didn't like Jones anymore?  And who says he was/is selling people on the firm?  He was selling investments.  The same investments many people sell down the street at Merrill and MSSB.  And I never sell the firm.  Ever (well, unless it will help my case).  I sell myself and the process.  So if I ever leave, the "process" and relationships go with me. 
Aug 18, 2009 2:11 pm
B24:

[quote=svm21] Look, Im sure the guy has/does/will do great things in life. However, if i begin to loath Eddie Jones. I will leave. Simple as that. I will not go on this board and spew hate speech. Alright maybe hate speech is extreme, but my point stands. It’s bullsh*t that he would go out and sell someone on his firm, the ideals, products, approach not to mention himself, only to know inside that he didn’t believe it himself. He wasn’t only cheating the little old lady down the street, he was cheating himself. I’m sorry, but I can’t respect someone that does that. I don’t care what hes done or if he’s a rockstar or not. That means squat to me. He was a fake. A phony. And at a time when our commitment, transparency, and honesty is being tested at all time highs he’s jeopardizing it. I’m glad he’s gone. In addition you would think, well you would hope, that a vet has more integrity then he displayed in every post. I guess not. Go ahead flame me. I don’t mind. I stand by what I said.

  You can dislike your B/D and still do what's right for the client.  I don't care what anyone says, Edward Jones is not SO bad that you can't operate effectively within their boundaries.  There's plenty that I dislike about Jones, but there's also plenty that I like.  I operate within their walls, albeit not exactly the way Jones preaches.  So as much as I disdain Borker's "why me?!" girly little attitude, it doesn't make him a fake or a phony.  In fact, he was probably using this site as a sounding board, in order to get his frustrations out.  But wasn't it obvious that he was pursuing other options?  That doesn't just happen overnight.  And what do you expect of him?  Up and quit on the spot when he decided he didn't like Jones anymore?  And who says he was/is selling people on the firm?  He was selling investments.  The same investments many people sell down the street at Merrill and MSSB.  And I never sell the firm.  Ever (well, unless it will help my case).  I sell myself and the process.  So if I ever leave, the "process" and relationships go with me. [/quote]   Bingo.
Aug 26, 2009 6:28 am
B24:

[quote=svm21] Look, Im sure the guy has/does/will do great things in life. However, if i begin to loath Eddie Jones. I will leave. Simple as that. I will not go on this board and spew hate speech. Alright maybe hate speech is extreme, but my point stands. It’s bullsh*t that he would go out and sell someone on his firm, the ideals, products, approach not to mention himself, only to know inside that he didn’t believe it himself. He wasn’t only cheating the little old lady down the street, he was cheating himself. I’m sorry, but I can’t respect someone that does that. I don’t care what hes done or if he’s a rockstar or not. That means squat to me. He was a fake. A phony. And at a time when our commitment, transparency, and honesty is being tested at all time highs he’s jeopardizing it. I’m glad he’s gone. In addition you would think, well you would hope, that a vet has more integrity then he displayed in every post. I guess not. Go ahead flame me. I don’t mind. I stand by what I said.

  You can dislike your B/D and still do what's right for the client.  I don't care what anyone says, Edward Jones is not SO bad that you can't operate effectively within their boundaries.  There's plenty that I dislike about Jones, but there's also plenty that I like.  I operate within their walls, albeit not exactly the way Jones preaches.  So as much as I disdain Borker's "why me?!" girly little attitude, it doesn't make him a fake or a phony.  In fact, he was probably using this site as a sounding board, in order to get his frustrations out.  But wasn't it obvious that he was pursuing other options?  That doesn't just happen overnight.  And what do you expect of him?  Up and quit on the spot when he decided he didn't like Jones anymore?  And who says he was/is selling people on the firm?  He was selling investments.  The same investments many people sell down the street at Merrill and MSSB.  And I never sell the firm.  Ever (well, unless it will help my case).  I sell myself and the process.  So if I ever leave, the "process" and relationships go with me. [/quote]Couldn't agree more, I never sell my clients on Jones I sell them on me.  Who knows where I will be in 5, 10 or even 15 years from now all I know is that my clients will follow!