Jesus comes to Jones!
Fellow Jone’s … It’s a great day. As I read these forums is obvious Jesus has come to Jones and his name is Hot Air. It sure is “WINDY” in here. This guy is so good he get’s 25 f2f contacts just by knocking on 12 doors. People move money over to him just for a golf ball and him telling them how stupid they were. This guy is amazing. I am telling you he is super awesome. Heck he get’s 200k accounts just on the first knock!!!
Jesus, welcome to Jones. We love you and will worship you.
Don't get too upset. Either he's not a rookie or he's being disigenuous. Rookies at EDJ can't even spell UIT after two months much less figure out they can avoid the bond aggregation rule by "diversifying" with them.
Yeah I kinda agree. I spoke with many newbies at KYC and Eval/Grad and for the most part they new 1/10 of Wind’s vast knowledge. And for someone that is new to the industry it just seems to much to be true (numbers, lingo, termenology and free time to post it all). I would say there is a chance that someone is posting on here how easy and wonderful EJ is but to be honest about it, these claims just make me discouraged and realize just how much I apparently suck! I thought I had a good understanding about the industry, espeacially compared to the others in KYC/Eval/Grad, but compared to Wind I feel like the others at KYC/Eval/Grad. I thought I was a hard worker, but compared to this guy I am no where near where I should be. So, if you are new to the industry and a newbie two months out I say congrats and get off this board because no one will believe you or will leave you alone or quit F’n around and making sh*t up.
JAXSON, he’s not a rookie slugging it out door to door putting up those numbers. Even if he were taking over a decent book, a new/new wouldn’t have ramped up that fast - trails included. If he did, it was a large book which then, almost by definition, he would be a seasoned vet from another firm. Jones does not place former band roadies in a choice open office.
I think you’re all just jealous because he MIGHT actually be putting those numbers on the board.
Let's cover some basic facts: One - He's been doorknocking in the worst market in decades, possibly since late 20's early 30's. Two - People are unhappy with their performance. Three - The mighty have fallen. All those fancy firms like Merrill, Wachovia, et al have all been thrown into a tailspin from which they could not recover without assistance. Four - Advisors appear to be more concerned about their transition package or retention bonus than their client's portfolio. Five - Fee based accounts in general (along with commission based) have been decimated. Why pay a 1.75% fee on an account when a) it goes down like the market and b) you don't hear from your advisor. People are pinching pennies and if someone can show them a way to save some pennies over the long run, they'll jump. Six - He's doing the work. Sure, he may be lying through his teeth. However, you put all of the considerations above into the mix and it's no wonder he's opening accounts at the door. People are willing to talk to just about anyone who they think might be able to save them. Here comes a guy in a suit with a business card that says Financial Advisor. Surely he can't do any worse than the last guy did.I am not saying it is impossible. I am saying, for a newbie that has just entered the industry, to do this is the stretch for me. Think back Jonesies. There is not enough time in the day. Prospects are easy to find right now but most of the FA’s in my area are too busy saving their own business to take a newbie under their wing. I think there has to be an angle or he can stop time to learn, catch up or whatever. If I were single and moved to a town were I did’t know anyone that could distract me then I could do this in a 12 hour day maybe.
[quote=Spaceman Spiff]I think you’re all just jealous because he MIGHT actually be putting those numbers on the board.
Let's cover some basic facts: One - He's been doorknocking in the worst market in decades, possibly since late 20's early 30's. Two - People are unhappy with their performance. Three - The mighty have fallen. All those fancy firms like Merrill, Wachovia, et al have all been thrown into a tailspin from which they could not recover without assistance. Four - Advisors appear to be more concerned about their transition package or retention bonus than their client's portfolio. Five - Fee based accounts in general (along with commission based) have been decimated. Why pay a 1.75% fee on an account when a) it goes down like the market and b) you don't hear from your advisor. People are pinching pennies and if someone can show them a way to save some pennies over the long run, they'll jump. Six - He's doing the work. Sure, he may be lying through his teeth. However, you put all of the considerations above into the mix and it's no wonder he's opening accounts at the door. People are willing to talk to just about anyone who they think might be able to save them. Here comes a guy in a suit with a business card that says Financial Advisor. Surely he can't do any worse than the last guy did. [/quote] Yeah...OK Spiff. You've convinced me[quote=Johnny Roast Beef][quote=Spaceman Spiff]I
Five - Fee based accounts in general (along with commission based) have been decimated. he can't do any worse than the last guy did. [/quote][/quote] It's a good thing commission based (AmFds, VKAC, Frank/Temp) haven't been decimated, isn't it?From time to time it seems like the Jones Vets on this site have some good thoughts, but those quickly disappear and you see the kool aid stains on their shirts. Its almost as if you can see in their posts exactly how far removed they are from the last regional meeting. Spiff obviously just returned from one.
fwiw, I’m with spiff. … I’m hoping Wind is legit; could be a sign that prospects are tired of waiting and are ready to move.
[quote=Spaceman Spiff]I think you’re all just jealous because he MIGHT actually be putting those numbers on the board.
Let's cover some basic facts: One - He's been doorknocking in the worst market in decades, possibly since late 20's early 30's. He says he's doorknocking Two - People are unhappy with their performance. Yes, and they trusted an advisor they got to know over several years, someone comes to the door, hands them an ICA guide and all of the sudden, they fall on their knees and give him their statements Three - The mighty have fallen. All those fancy firms like Merrill, Wachovia, et al have all been thrown into a tailspin from which they could not recover without assistance. That wasn't the brokerage business - but I get your point Four - Advisors appear to be more concerned about their transition package or retention bonus than their client's portfolio. Yes, so that they can maintain their standard of living while transferring their books. Five - Fee based accounts in general (along with commission based) have been decimated. Why pay a 1.75% fee on an account when a) it goes down like the market and Such as FT and American? b) you don't hear from your advisor. You got me on this one, but does not hearing from your advisor make you think he's not working - my concern would be if this guy is out doorknocking all of the time, when does he have time to "manage" my investments - and let's be honest, people think that's what you are doing all day no matter what you tell them. People are pinching pennies and if someone can show them a way to save some pennies over the long run, they'll jump. So they are going to pay a 3-5% commission when they are already down, further reducing the value of their investments Six - He's doing the work. He SAYS he's doing the wok. Sure, he may be lying through his teeth. However, you put all of the considerations above into the mix and it's no wonder he's opening accounts at the door. People are willing to talk to just about anyone who they think might be able to save them. Here comes a guy in a suit with a business card that says Financial Advisor. Surely he can't do any worse than the last guy did. [/quote]Spiffy, you’re usually pretty level headed so I choose my words wisely, blow your nose and something green will come out and it sure isn’t what you might think. “Here comes a guy in suit with a business card that says Financial Advisor”. It could also be Bernie Madoff Jr…who else would be going door to door.
I met with a current Jones client today, had a million, now has $600,000 all in growth and aggressive growth funds (I'm from Canada, no breakpoints to dodge). Client says he had to initiate every conversation and when I asked him what he was trying to do with his money he said, "trying to make as much as I can safely". Small business owner, makes $40k a year, 55 years old and can live on less in retirement. Very simple questions regarding goals and experience that were never asked. This crap about waling up to a door and "can't do any worse that the last guy did" doesn't resonate with a guy that had a million and won't get it back before retirement.[quote=Lou Mannheim, CFP]Spiffy, you’re usually pretty level headed so I choose my words wisely, blow your nose and something green will come out and it sure isn’t what you might think. “Here comes a guy in suit with a business card that says Financial Advisor”. It could also be Bernie Madoff Jr…who else would be going door to door.
I met with a current Jones client today, had a million, now has $600,000 all in growth and aggressive growth funds (I'm from Canada, no breakpoints to dodge). Client says he had to initiate every conversation and when I asked him what he was trying to do with his money he said, "trying to make as much as I can safely". Small business owner, makes $40k a year, 55 years old and can live on less in retirement. Very simple questions regarding goals and experience that were never asked. This crap about waling up to a door and "can't do any worse that the last guy did" doesn't resonate with a guy that had a million and won't get it back before retirement. [/quote]I can picture this one pretty easily. EJ broker lands a million dollar account, consults his model portfolios, gives the client a risk tolerance quiz and suggests he do 65 pct stocks, 35 pct bonds. That's the home office recommendation.. Guy says, 'I have 10 years to retire, I need to grow my money, bonds are for sissies.' EJ broker agrees to put him 75 pct in stocks, feels good that he's got some fixed income in there. Over the last year, portfolio starts to go down. EJ broker sees Lehman fail and thinks, 'This can't be good,' but the advice he gets is that this is just a normal cycle and if he holds on the market will return, probably within the year. Shows this to the client. Investments continue to fall, broker keeps hearing the buy and hold, don't time the market, stay invested mantra. Doesn't call the client anymore because a) he doesn't believe the mantra, b) he's got prospecting to do and c) he can't make any money holding this guy's hand. So he hopes he market comes back. Of course, the investments don't come back. Bonds down. Large cap American Funds slaughtered. Home office finally admits that something has gone wrong, but never fear, even after 1929, stocks came back (20 years later!) .. Now the client goes to you, all of a sudden safety is important, and it's a fastball right down the middle for you.
Not that this has happened to me.
Actually, no you shouldn't. What you should be hoping for is that, with hard work AND A REFUSAL TO QUIT, you can push through this extraordinarily difficult time and make a living over the next 12-24 months. Survive that and the world is your oyster. Never, ever compare yourself to an anomole (assuming he's not all BS). Outwork your counterparts, refuse to quit and be happy with a livable wage for now. Do that and you'll be a crusty old veteran down the road telling all the young bucks about building a book through the Great Recession. Compare yourself to bogus numbers like these and all you'll do is become more demoralized day by day. You have to figure out what makes you different and REFUSE TO QUIT. Back in the early '90s my sales manager told me that as long as my fear of picking up the phone was greater than my fear of failing in the business, I might as well quit now. Don't do that.fwiw, I’m with spiff. … I’m hoping Wind is legit; could be a sign that prospects are tired of waiting and are ready to move.
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I’m not coming here anymore and i am deleting my username
Mourning will be held in the Lounge tomorrow at 10 a.m.ok Windy - i dont know what it is about you that set me off. I am not one of the guys that often just goes off on people here. I think its just your hot sh*t attitude. I’m trying to be constructive here, really. You just need to dial it down a bit.
Now, I am going to give you the benefit of the doubt and assume that what you are saying about the 4% wrap fee is what you believe to be true. Which means there is something you are missing.
I have been with SB for more than a few years. I know the systems inside and out. There is NO WAY that a client would ever ever ever ever be charged 4%. If an FA put thru a contract for an account to be managed by Lord Abbett, or any other outside or inside manager, that contained a 4% fee, the home office would kick it out - reject it - it is not allowed - N-O=T A-L-L-O-W-E-D. Period!!!
So maybe the client was being charged on more than one account on one contract and the fee was being taken from the 300 k account, but applied to that plus another 300k account. But there is no way the client was chaged a 4% fee.
Now, on the other hand, lucky you, that you believed and the client believed that 4% was correct. That allowed you to dive in and save the client from the big bad SB Broker! And i give you credit for that, as i am sure all of my colleagues do.
Hope this helps. It was really meant to be constructive.
Actually, no you shouldn't. What you should be hoping for is that, with hard work AND A REFUSAL TO QUIT, you can push through this extraordinarily difficult time and make a living over the next 12-24 months. Survive that and the world is your oyster. Never, ever compare yourself to an anomole (assuming he's not all BS). Outwork your counterparts, refuse to quit and be happy with a livable wage for now. Do that and you'll be a crusty old veteran down the road telling all the young bucks about building a book through the Great Recession. Compare yourself to bogus numbers like these and all you'll do is become more demoralized day by day. You have to figure out what makes you different and REFUSE TO QUIT. Back in the early '90s my sales manager told me that as long as my fear of picking up the phone was greater than my fear of failing in the business, I might as well quit now. Don't do that. [/quote][quote=buyandhold]fwiw, I’m with spiff. … I’m hoping Wind is legit; could be a sign that prospects are tired of waiting and are ready to move.
I've known FAs who have come out of the box with 10k months right away. It's not that unusual. They are usually very skilled, very prepared, have a good mentor. I've known FAs who have hit milestones ahead of me. Never discouraged me, never made me jealous. More power to them. I'm doing what you say, learning and surviving. This is a tough market and I'm glad to hear you say so.
... The FAs who start quickly are -- and I don't mean this personally against Wind -- but they are hard-assed, relentless, probably people you might not like in a forum like this. They hard sell, and hard selling works.
I find it motivating that a young guy can start fast by doorknocking. I do find it discouraging when people say that you can't succeed by doorknocking, because knocking on doors is all I've got. No assets to start, no natural network, no cousin with a CPA feeding me clients. So I hope wind is for real and unless I learn otherwise, I give him the benefit of the doubt.
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Windy you doth protest too much. I thought you were leaving.
i will repeat myself - no managed account would ever be approved at 4%, unless it were an Alternative Investment, Hedge Fund, etc. Ever. You are missing something.
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What’s the matter with you people??? This is the best prospecting weather we’ve had in 10 years! No one is happy with their broker. Now is the time to crawl out from under your desk and get with it!!
Is this guy really putting up these numbers? The better question is, “Why should I care?” I’m far more interested in the numbers I’M putting up. People, get prospecting!!! If you can’t open accounts in this environment, you’re not right for this business.
[quote=wind3574]Sports - It was a 4% fee on the account. I know you have been with them for however long, but it truly was a 4% fee. It’s simple math man. On a $300,000 LB managed account he had paid $3000 A QUARTER for the last 2 quarters. Break it down man. $3000 x 4 = $12000/$300000 = 4%. No way around it, thats what he was paying on that account alone.
I didn't just believe this Sports because at first I thought we were missing something, because thats un-ethical but I had him call his advisor to verify it and the advisor said, "Oh sorry, we can cut it in half to 1.9%". Thats the honest truth. Thats why the client switched, not just because of the fee's but because the advisor waited until he found out, to cut the rate. He moved his account to me, not because of fees but because of un-ethical practices and he had built alot of trust in me and believed I would be honest with him. I know you work there, but that doesn't mean I'm lying. Take my word for it, I'm not..... I'm sure there are plenty of things that happen at Jones that I would not believe could ever happen, but somehow they do...and instead of automatically calling someone a liar....I tend to believe people mean well....and are not all liars.... Just for the record...I didn't start getting any attitude until I was being scrutinized for my numbers...I was just trying to reply to posts with a positive attitude and a story of success from a newbie in a bad market. Instead of encouraging the positiveness in the posts you guys joined together in multiple pages of bashing my honesty. We are all adults, and thats quite childish. Door knocking sucks, starting a new job in a busines that you know nothing about sucks...I know..I am still doing it. Hell I've even been called a liar that i've not ever done this before, because "only someone with industry knowledge can be successful"....I mean thats absurd...Do you guys really think that a newbie could never have the drive and intelligence to study hard and develop knowledge early? I don't know everything but I've been awefully successful and I'm trying to be encouraging to other new guys....and it's funny that it's all veterans who seem to have issue with it....maybe because i'm off to a much better start that they had?...Just because you can't doesnt mean a newbie can't....In fact, maybe thats the difference in most people and myself....What you don't do, is reason for me to find a way to make sure I get it done....[/quote] It's actually pretty funny that Windy thinks wire advisors have the ability to charge whatever they want...there is absolutely no way any firm in the industry has a 4% wrap fee. I've called on all the majors, the biggest I've ever seen is 225bps, most are between 100 - 150bps....depending on allocation. Shows how sheltered Jone's advisors are from the fee business..I can’t imagine any firm’s system even allowing an advisor to enter 4% without flashing red.
I simply disliked this little "look at me" prick until this post. This statement is similar to many others he has made, makes an emotional point, but not based anywhere near fact. I don't think he is lying, I think he is stupid and too arrogant to find the truth as that would mess up his little pitch. Still waiting for you B share vs A share example, although I know you will not post it Windy because it does not exist.Ok Sports…I’m finished arguing…your right. Your company could NEVER do anything un-ethical. What was I thinking. Hope you’ve enjoyed some of my tax dollars…I’m done here…
[quote=Baba Booey]
It’s actually pretty funny that Windy thinks wire advisors have the ability to charge whatever they want…there is absolutely no way any firm in the industry has a 4% wrap fee. I’ve called on all the majors, the biggest I’ve ever seen is 225bps, most are between 100 - 150bps…depending on allocation. Shows how sheltered Jone's advisors are from the fee business..[/quote]THANK YOU!!!!!!
The ironic thing about this entire discussion is that I have a nice chunk of money paying me 4%. It is possible, just not in a fee based account.
[quote=Moraen][quote=Spaceman Spiff]I think you’re all just jealous because he MIGHT actually be putting those numbers on the board.
Let's cover some basic facts: One - He's been doorknocking in the worst market in decades, possibly since late 20's early 30's. He says he's doorknocking - If I told you folks I just landed a $375K account from a doorknock I made last week, you'd believe me. Wind does it and he's a liar. Yes, it's an internet forum, he could be lying. Spears could be really bored and having some fun with us. I just choose to believe Wind is for real. Mostly because we have a guy in our area that hit Seg 5 in the shortest amount of time possible. Last I looked this rookie was out performing our RL. Two - People are unhappy with their performance. Yes, and they trusted an advisor they got to know over several years, someone comes to the door, hands them an ICA guide and all of the sudden, they fall on their knees and give him their statements - If you actually read what he said originally about his contacts, some of these people have ben contacted two or three times. Most of them at least twice in person. I don't know what he's saying at the door. What I have learned in the doorknocks I've made recently is that people are pretty willing to listen to just about anyone. And they don't know if he's the new guy or if he's been in the biz for over a decade like me. Three - The mighty have fallen. All those fancy firms like Merrill, Wachovia, et al have all been thrown into a tailspin from which they could not recover without assistance. That wasn't the brokerage business - but I get your point Four - Advisors appear to be more concerned about their transition package or retention bonus than their client's portfolio. Yes, so that they can maintain their standard of living while transferring their books. - I understand that. And I continue to use it to my advantage every day. If you haven't called or met with your clients because you don't know where you're going to move your practice to, then don't be suprised if they don't move with you. Five - Fee based accounts in general (along with commission based) have been decimated. Why pay a 1.75% fee on an account when a) it goes down like the market and Such as FT and American? b) you don't hear from your advisor. You got me on this one, but does not hearing from your advisor make you think he's not working - my concern would be if this guy is out doorknocking all of the time, when does he have time to "manage" my investments - and let's be honest, people think that's what you are doing all day no matter what you tell them. - Yes, it does make me think that. The client's assumption when they don't hear from their advisor is that their advisor isn't watching their money. They think, surely he would have called and told me to what to think about this. Some kind of word would have been nice. Those folk might think I'm out doorknocking all day. But when I call in a month to check in, they'll start to understand how it works. People are pinching pennies and if someone can show them a way to save some pennies over the long run, they'll jump. So they are going to pay a 3-5% commission when they are already down, further reducing the value of their investments - Yeah, see, this is a really simple discussion to have with folks. Mr. Client, you just paid what's his name, 1.5% this year, you'll pay him that next year, and the year after that. That's 4.5%. Now, I realize it's a big expense on the front end, but you could just pay a commission of 3.5% right now, on what will probably be your smallest account value for the rest of your life, and not pay another commission on those dollars as long as we keep it with this fund family. Oh yeah, you'll continue to pay him that 1.5% a year on those dollars, whether they go up or down, for the rest of your life. So over, the next 30 years that could end up being $75,000. That's a lot of money. In fact I could probably go out and buy that new Corvette with $75,000. The question is, do you want me to park it in your driveway or mine? Now, I'm not opposed to a fee based relationship. Working on some myself. But if I'm the new guy trying to win clients, that's exactly how I'd sell against it. Six - He's doing the work. He SAYS he's doing the work. - Yeah, you're right. He says he is. I believe him. You don't. Sure, he may be lying through his teeth. However, you put all of the considerations above into the mix and it's no wonder he's opening accounts at the door. People are willing to talk to just about anyone who they think might be able to save them. Here comes a guy in a suit with a business card that says Financial Advisor. Surely he can't do any worse than the last guy did. [/quote] [/quote][quote=Johnny Roast Beef][quote=Johnny Roast Beef][quote=Spaceman Spiff]I
Five - Fee based accounts in general (along with commission based) have been decimated. he can't do any worse than the last guy did. [/quote][/quote] It's a good thing commission based (AmFds, VKAC, Frank/Temp) haven't been decimated, isn't it?[/quote] I see you have a reading comprehension problem. So, I highlighted the words that should have covered this in my original post.The only thing that is obvious to me, is that many of you weren't ever any good at doorknocking. Was there something inaccurate or not plausible with my post? Or you just don't agree with me, so I'm obviously just drinking the kool-aid? See, that's what I find funny with you folks. If something good is happening either at Jones or to a Jones guy, we're lying, or cheating the clients, or lying to the clients, or it's the evil GPs, or we're drinking the kool-aid. It certainly couldn't be someone working hard, saying what people are hungry to hear right now, and doing a good job. No, certainly not. You have to struggle, go broke, run through your savings, hit goals, and THEN you get to be a successful vet at Jones. Anyone who doesn't follow that track must obviously be lying.From time to time it seems like the Jones Vets on this site have some good thoughts, but those quickly disappear and you see the kool aid stains on their shirts. Its almost as if you can see in their posts exactly how far removed they are from the last regional meeting. Spiff obviously just returned from one.
Spiff - do you still believe him? Read my post on how he said he had a $10,000 gross day, yet somehow was out of the office that same week.
Oh, and you are right we would believe you if you transferred a $375k account in a day. You’ve earned it and you’ve been doing this job for a while.
[quote=Ron 14]From time to time it seems like the Jones Vets on this site have some good thoughts, but those quickly disappear and you see the kool aid stains on their shirts. Its almost as if you can see in their posts exactly how far removed they are from the last regional meeting. Spiff obviously just returned from one.
The only thing that is obvious to me, is that many of you weren’t ever any good at doorknocking.
Was there something inaccurate or not plausible with my post? Or you just don’t agree with me, so I’m obviously just drinking the kool-aid?
See, that’s what I find funny with you folks. If something good is happening either at Jones or to a Jones guy, we’re lying, or cheating the clients, or lying to the clients, or it’s the evil GPs, or we’re drinking the kool-aid. It certainly couldn’t be someone working hard, saying what people are hungry to hear right now, and doing a good job. No, certainly not. You have to struggle, go broke, run through your savings, hit goals, and THEN you get to be a successful vet at Jones. Anyone who doesn’t follow that track must obviously be lying. [/quote]
By the same token Spiff, I notice that when one of the flock leaves Jones it’s because he was no good, a compliance problem or not suited to the business. It’s never that the broker and Edward D. Jones weren’t a good fit.
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Philo- don’t paint me with that brush. I’m not naive enough to think that EDJ is the only place someone could be happy in this biz. In fact, I don’t think you’ll find anyone on this forum from Jones that you could say that about.
Now, does it get said in the regions? Sure. Wind - OK, I have to tell you, all the periods in that last post make me think of the bspears postings that I've seen. He writes in the same kind of style. I'm hoping April 1 doesn't pop up and we find out it's a big April Fools day prank. If it is, kudos to the one pulling it off. If it's not, keep your nose to the grindstone. You never know when those big accounts stop flowing.[quote=Spaceman Spiff] Philo- don’t paint me with that brush. I’m not naive enough to think that EDJ is the only place someone could be happy in this biz. In fact, I don’t think you’ll find anyone on this forum from Jones that you could say that about.
Now, does it get said in the regions? Sure.
Wind - OK, I have to tell you, all the periods in that last post make me think of the bspears postings that I’ve seen. He writes in the same kind of style. I’m hoping April 1 doesn’t pop up and we find out it’s a big April Fools day prank. If it is, kudos to the one pulling it off.
If it’s not, keep your nose to the grindstone. You never know when those big accounts stop flowing. [/quote]
It has been said on these boards many times by Jones people. And for the record, I simply made the same sort of generalization that you’ve made.
I’ve not noticed it recently. Of course, I’ve not been looking for it either. I’ll take your word for it.
[quote=Spaceman Spiff][quote=Johnny Roast Beef][quote=Johnny Roast Beef][quote=Spaceman Spiff]I
Five - Fee based accounts in general (along with commission based) have been decimated. he can't do any worse than the last guy did. [/quote][/quote] It's a good thing commission based (AmFds, VKAC, Frank/Temp) haven't been decimated, isn't it?[/quote] I see you have a reading comprehension problem. So, I highlighted the words that should have covered this in my original post. [/quote] I see you have the need to distinguish between fee based and commission based even though it's apprently irrelevant. Should I assume then that VA's were not decimated? Why the need to list them both then?.
Windy, this business is not the "pat little johnny on the head" type of business. If you need your ego stroked, call your mother.
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Thats a lot of words for someone trying not to argue.
[quote=
I heard a quote once... "Arguing on the internet is like being in the special olympics, even if you win your still retarded"....I think that applies to quite a few people here....[/quote] Just out of curiosity, have you ever known, or been related to, anyone that either competed in the special olympics or that you might say is "retarded"? If so, hwo did you know this person and how specifically would you consider this person "retarded"?It took what, 1400 plus posts to finally see the light?[quote=Ron 14] No, certainly not. You have to struggle, go broke, run through your savings, hit goals, and THEN you get to be a successful vet at Jones. Anyone who doesn’t follow that track must obviously be lying.
"Arguing on the internet is like being in the special olympics, even if you win your still retarded"
OK Windy - you win - that was one of the funniest quotes i’ve seen on these boards!!!
This board is full of Jones brokers…Lord can I get a true advisor to chat with. All I hear is door knocking, 5.75 commish biz and 30 year bonds.
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[quote=wind3574]
Just so you know Moraen…I posted the $10,000 Wed at 11:49…and Posted that I am out of town Friday…Friday-Friday…So now is it impossible for someone to have a good day and leave town the next?..Wait i guess thats true…cause if I posted a good day Thursday then my car wouldn’t start the next day…causing an explosion in Iraq which would send nukes to the U.S, and that would make me still have to be in my office the next day…I guess your right…
Oh and by the way…I said i’m out of town, not dead. Last time I checked there was this thing called a phone…and it’s really cool…No matter where you are…you can STILL call people…Out of town doesn’t mean I don’t make a few calls a day…and i’ve made money over that thing before…
Thanks Spiff…It’s nice to know someone in here…has a little bit of class…One thing I have noticed in ALL successful Vets…they are all positive…no wonder everyone in here thinks amazing things can’t happen…[/quote]
Like I said, I knew you’d have an excuse, it only took you a couple of days to come up with it… you left town and the first thing you did was pop up Registered Rep? You said that you were out of town for the week and that’s why you were posting so much. Which was it, you were out of town for a week, or you weren’t? I don’t get it.
And I know that you can use the phone. Unfortunately, you cannot make trades from “out of town” unless you are using someone else’s office (which I admit is a possibility). So don’t tell me how the system works windy, I’ve been there. Just because you sell something over the phone doesn’t magically make it into your commission screen.
You are right about one thing… Spiff has class. You however, don’t. You also might want to work on your grammar a little bit, people are touchy about details like that.
.
[quote=Johnny Roast Beef][quote=Spaceman Spiff][quote=Johnny Roast Beef][quote=Johnny Roast Beef][quote=Spaceman Spiff]I
Five - Fee based accounts in general (along with commission based) have been decimated. he can't do any worse than the last guy did. [/quote][/quote] It's a good thing commission based (AmFds, VKAC, Frank/Temp) haven't been decimated, isn't it?[/quote] I see you have a reading comprehension problem. So, I highlighted the words that should have covered this in my original post. [/quote] I see you have the need to distinguish between fee based and commission based even though it's apprently irrelevant. Should I assume then that VA's were not decimated? Why the need to list them both then? [/quote] No. I put that parenthetical statement in because I knew, from thousands of posts on this forum, that if I didn't I'd get idiots like you pop up and say something retarded like you just did. Evidently I underestimated your level of idiocy. The point was in another post wind said that he was moving money out of fee based biz into his commission based format. If I'm ever going to sell against fee based, now is certainly the time to do it. Now is also the time to sell against mutual fund portfolios with no income guarantees. Heck, you could pick just about anything to sell against right now and you could make a pretty good arguement. Heard the local financial talk show host's ad on the radio this morning basically saying buy and hold doesn't work so you need to come see him so he can fix your portfolio.He's right on the remote access thing. I can be anywhere and place trades as long as I have an internet connection for my laptop. Beyond that there's order services and your BOA. He could be somewhere calling on a stock or a bond and just call his BOA every once in a while for a price or inventory update. He can also tell her to place trades or he can call order services and have them place them for him. I've done all of them from time to time while out of the office. Wind - the one thing I'd suggest is you refresh your memory on the licensing rules for contacting clients. I believe you have to be registered in the state you are calling from. So, if you're on vacation in FL and don't have a license for that state, you are technically not in compliance. Probably not a big deal, but just a thought.
And I know that you can use the phone. Unfortunately, you cannot make trades from “out of town” unless you are using someone else’s office (which I admit is a possibility). So don’t tell me how the system works windy, I’ve been there. Just because you sell something over the phone doesn’t magically make it into your commission screen.
[quote=wind3574] Like I said, I knew you’d have an excuse, it only took you a couple of days to come up with it… you left town and the first thing you did was pop up Registered Rep? My ass…you just don’t want to admit you are wrong…
You said that you were out of town for the week and that’s why you were posting so much. Which was it, you were out of town for a week, or you weren’t? I don’t get it. I said I was out of town for A week…not THAT week… Unfortunately, you cannot make trades from “out of town” unless you are using someone else’s office (which I admit is a possibility).So don’t tell me how the system works windy, I’ve been there. …You really are an idiot and you really don’t know the system if you believe that…There’s these sweet things called laptops…that Jones gives its new guys…Last time I checked you use those anywhere too…even if I didn’t have a laptop…Theres this other sweet thing called remote access…I could login from England and place a trade… You are right about one thing… Spiff has class. You however, don’t. You also might want to work on your grammar a little bit, people are touchy about details like that. The old 3rd grade tactic…when you can’t find any truth in your argument…you resort to chat room grammer bashing!!!..I don’t blame you…It was pretty successful for me when I knew I was wrong…Of course I was 12 [/quote]
I’ll admit that I’m wrong about the remote access - we couldn’t do that when I was there. My bad. I actually don’t ever have a problem admitting I’m wrong. You’re still a liar.
I will not admit that I’m wrong about you being inconsistent… yet again. You know that you meant you were out of town last week. Please! Of course you covered yourself with all of your little details.
As for chat room grammar bashing… well, if you can’t spell correctly, how are you doing organizing those client portfolios… oh, that’s right American Funds does it for you. And Alan Skrainka puts out some nice stuff that is spell-checked as well.
Here is a news flash, people think you are an ass without class because you think you know better than people who’ve been doing this for years!
I’ve been at your company. I know how it works. You, are a tool. You are also deluded.
You've probably not heard/read me tell anyone else this before, since you just joined this year, but if you haven't been at EDJ in the last 2 years, you really don't know what you're talking about when you are bashing Jones. So much has changed in just the last few years that the company has a whole different feel to it. It's still at some level the same old Jones that it has always been, but with some better investment options, planning tools, and technology advances.
I don't have to be able to spell anything to be able to do this job. Nothing that I write makes it through to a client without going through compliance first. I put a full presentation together this morning for a client and never even picked up my pen even one time. Morningstar hypo, call to my VA wholesaler, portfolio tool from Jones...none of them require me to spell check anything. I've never gotten the impression from wind that believes he knows anything better than anyone else on this forum. He stated what he was doing and what kind of numbers he was putting up. Then from there he gets blasted with the "you're a liar" comments from the peanut gallery. I find it funny that nobody seems to think it's even possible that he could be having great success just doing what he was told to do. None of us have ever doorknocked in an environment like this one. Unless you've been out doing it, you don't really know if it's possible to do what he's been doing. I hope he keeps putting up good numbers like he has been, just to piss you people off. I'm going to continue to be a cheerleader for him because he's one new guy who's a benefit to my LP, not a drag on it.[quote=Spaceman Spiff][quote=Johnny Roast Beef][quote=Spaceman Spiff][quote=Johnny Roast Beef][quote=Johnny Roast Beef][quote=Spaceman Spiff]I
Five - Fee based accounts in general (along with commission based) have been decimated. he can't do any worse than the last guy did. [/quote][/quote] It's a good thing commission based (AmFds, VKAC, Frank/Temp) haven't been decimated, isn't it?[/quote] I see you have a reading comprehension problem. So, I highlighted the words that should have covered this in my original post. [/quote] I see you have the need to distinguish between fee based and commission based even though it's apprently irrelevant. Should I assume then that VA's were not decimated? Why the need to list them both then? [/quote] No. I put that parenthetical statement in because I knew, from thousands of posts on this forum, that if I didn't I'd get idiots like you pop up and say something retarded like you just did. Evidently I underestimated your level of idiocy. The point was in another post wind said that he was moving money out of fee based biz into his commission based format. If I'm ever going to sell against fee based, now is certainly the time to do it. Now is also the time to sell against mutual fund portfolios with no income guarantees. Heck, you could pick just about anything to sell against right now and you could make a pretty good arguement. Heard the local financial talk show host's ad on the radio this morning basically saying buy and hold doesn't work so you need to come see him so he can fix your portfolio. [/quote] I'd guess I'm thicker-skinned than the guys like you that get your panties in a twist every time someone says something that offends the Jones way of doing things but...what's with you Jones guys and the "retarded" thing anyway? I remember being told years and years ago that fee based reps would have "their ass handed to them" in a downturn (this was well before '00-'02). People don't want to pay fees, they said, they want to pay commissions and buy and hope, they said. My experience has been that, while fees are waayyy down (as are commissions - parenthetical statement added so I don't get Jones guys popping up and saying something "retarded"), I've not seen a mass exodus from the advisory platform. Now, that could all change with another leg down here but, not yet anyway. You're right, when it comes to "reviewing" a prospects investments in this market, the first liar doesn't stand a chance. The problem comes when you adapt your strategy, as an advisor, to the prospect (i.e. if they have a wrap, bash that - commissions are better, if they have a commission based account, bash that - fees are better). At that point, you're completely rudderless.[quote=Spaceman Spiff]
You’ve probably not heard/read me tell anyone else this before, since you just joined this year, but if you haven’t been at EDJ in the last 2 years, you really don’t know what you’re talking about when you are bashing Jones. So much has changed in just the last few years that the company has a whole different feel to it. It’s still at some level the same old Jones that it has always been, but with some better investment options, planning tools, and technology advances.
I don’t have to be able to spell anything to be able to do this job. Nothing that I write makes it through to a client without going through compliance first. I put a full presentation together this morning for a client and never even picked up my pen even one time. Morningstar hypo, call to my VA wholesaler, portfolio tool from Jones…none of them require me to spell check anything.
I’ve never gotten the impression from wind that believes he knows anything better than anyone else on this forum. He stated what he was doing and what kind of numbers he was putting up. Then from there he gets blasted with the “you’re a liar” comments from the peanut gallery. I find it funny that nobody seems to think it’s even possible that he could be having great success just doing what he was told to do. None of us have ever doorknocked in an environment like this one. Unless you’ve been out doing it, you don’t really know if it’s possible to do what he’s been doing.
I hope he keeps putting up good numbers like he has been, just to piss you people off. I’m going to continue to be a cheerleader for him because he’s one new guy who’s a benefit to my LP, not a drag on it. [/quote]
Spiff - he’s a liar. I’m glad he has you to stick up for him, but he’s a freakin’ liar.
He is a drag on your LP, b/c he’s NOT REALLY PUTTING UP THOSE NUMBERS!
Good communication with your clients requires good grammar. And I have to say, I think you are looking with blinders on. Dig a little deeper and maybe you’ll see that he’s full of it.
I hope he puts up some good numbers too some day.
OK, fine. Anyone remember the name he had on his profile? I’d love to be able to put this thing to rest with some hard facts. IF I can find out some additional info on this guy perhaps we can put this thing to rest.
Wind - if you're up for it, PM me. I've got friends in HQ who can settle this thing once and for all. They'll never believe you, but they might believe me.ring ring…hello…“yes, this is Spaceman Spiff and I need a favor”. (sigh…another big ass kisser)…What is it a** Kiss…oh I mean spiff? “well, I need to settle something on an investment forum, see, Theres this guy named wind who said he’s been out doorknocking like a mother, and, and, well, he’s knocking it out of the park…see”. Okay,again, what can I do for you? Well, here is his name and I need his production numbers. Why do you need his production numbers? Well, see, the big bad Indy’s on this forum are calling us big baby pikers and I need to show them… You need to show them what? I need to show them Winds numbers to prove that doorknocking works. WHAT? Are you nuts? Doorknocking is a farce…We started the whole doorknocking becuase way back in the day, we didn’t want to pay for the phone bills our salespeople were racking up…so we come up with this huge farce about doorknocking, face to face,and heck, we even showed this to the Kirby Vacuums and Avon. That’s too funny…how long you been with Jones SPiff? WHAT…THAT LONG and you still think doorknocking works? I suggest you tell your buddies on the forum that compliance won’t allow you to see the numbers, but that I told you his numbers were legit. That way you can save face and fight the good fight another day…take care…click!
[quote=Spaceman Spiff]
You've probably not heard/read me tell anyone else this before, since you just joined this year, but if you haven't been at EDJ in the last 2 years, you really don't know what you're talking about when you are bashing Jones. So much has changed in just the last few years that the company has a whole different feel to it. It's still at some level the same old Jones that it has always been, but with some better investment options, planning tools, and technology advances.
I don't have to be able to spell anything to be able to do this job. Nothing that I write makes it through to a client without going through compliance first. I put a full presentation together this morning for a client and never even picked up my pen even one time. Morningstar hypo, call to my VA wholesaler, portfolio tool from Jones...none of them require me to spell check anything. I've never gotten the impression from wind that believes he knows anything better than anyone else on this forum. He stated what he was doing and what kind of numbers he was putting up. Then from there he gets blasted with the "you're a liar" comments from the peanut gallery. I find it funny that nobody seems to think it's even possible that he could be having great success just doing what he was told to do. None of us have ever doorknocked in an environment like this one. Unless you've been out doing it, you don't really know if it's possible to do what he's been doing. I hope he keeps putting up good numbers like he has been, just to piss you people off. I'm going to continue to be a cheerleader for him because he's one new guy who's a benefit to my LP, not a drag on it. [/quote] Spiff....I can only speak for myself, I'm a fairly new (not as new as wind) Joneser who has done his share of doorknocking, quite successfully I might add, and I happen to think he is full of it! I don't think anyone is doubting that someone can have "great success doorknocking"...I think the problem is the definition of what great success is. I have seen some guys who are experienced...believable....smart...trustworthy and overall great salespeople who aren't getting 200k thrown at them over & over on first knocks...and still have time to post as much as he does. If we can truly find out if he is for real by getting the name and researching...I will gladly eat my words and apologize, however, great (realistic) success seems to be several notches below what he is claiming. Remember, he said he has NO FAMILY OR FRIEND accounts!!And I will do the same. I’m not going to say I haven’t heard of people starting as quickly as he has, but they are rare. Doesn’t mean they don’t exist.
I think if you'll go back and read the posts, he doesn't say that all of the accounts are coming from the first contact. Didn't anyone read the whole coffee cup with a deck of cards post? Spears - you crack me up. What part of doorknocking doesn't work? Is it the three $250K+ accounts I've pulled in just this year on the mabye 5 days of doorknocking I've done? Or is it the hundreds of households I can track back specifically the day I rang their doorbell the first time? My only problem is that I get stuck in my office and don't go out and do it more often. I KNOW that part doesn't work.[quote=wind3574]Hey guys,
I am a newly hired FA at Edward Jones. I have been reading many of these posts through out the interview process and find this site very informative and up to date. Although i have a B.A. in Psych and am finishing up my MBA, I am starting a totally new career. I have sales experience and know of all the struggles and everything that comes along with this career. I start August 11th with my Study For Success and Exams. The question i have is this: What is the Know Your Customer and/or Graduation dates in St. Louis consist of? Is it very streneous or is it like alot of training i have been to for past jobs that consisted of a few hours of sleeping in class and then everyone going out every night. I am just curious what to expect. Thanks alot guys.. [/quote] [quote=wind3574]Well i left a 30K job to start a career with Jones. I have never worked a commission only position so its a little new to me. I have a bachelors and a masters so i could probably find a job anywhere from 60K-100K, but i hear this opportunity is like no other so im willing to give it a whirl. I live in Oklahoma City, so i guess its safe to say there are enough people here. Is anyone going to KYC in Oct?[/quote] Spiff I think you can figure out who he is from these quotes by Windy in which ironically you were the following post on both. Maybe you are inadvertently mentoring him and that's why he's doing so well.If I were mentoring him, I wouldn’t let him post on this forum.
I'll see if I can find anything out. I'll let you folks know.Spiff,
I agree if he were a newbee, he would not have time to post as he has if he were working. Also, I started with Jones in 2000 and I did the door knocking and had some success, but Okies are not that easy to get to make changes. My experience is that you might get one or two to make an immediate change, but most of mine came a long time after the original door knock. Even Jones says that it takes about seven contacts to create a customer, but it takes more than that to move big assets to a rookie. Either he has a niche, family or is extremely lucky. I would guess he will be gone for whatever reason in 12 months.[quote=ednomore]Spiff,
I agree if he were a newbee, he would not have time to post as he has if he were working. Also, I started with Jones in 2000 and I did the door knocking and had some success, but Okies are not that easy to get to make changes. My experience is that you might get one or two to make an immediate change, but most of mine came a long time after the original door knock. Even Jones says that it takes about seven contacts to create a customer, but it takes more than that to move big assets to a rookie. Either he has a niche, family or is extremely lucky. I would guess he will be gone for whatever reason in 12 months.[/quote] Go back and take his f***ing name of this board. He may be a douche, but you are ten times the douche for putting his career in jeopardy on a f***ing message board.He obviously is not worried about it or he would not disclose the info that would identify him. I don’t know if that is his name or not, it is strictly a guess that his home office could also figure out if I can. If his posts here give enough info to jeopardize his career, he should not postthe info.
ok…now I know for sure he’s full of it…just look at his picture…he has a babyface…no chance people are handing him their statements at the door and signing transfer paperwork. Sorry Spiffy…while I believe you that you have seen it…but it ain’t so here! Not to mention what kind of moron puts his name on this kind of thread…that’s the guy I want in charge of my future!!!
I think we should post his phone number and have everyone give him a call and ask how they can jumpstart their career like he did. HA DJ...all kidding aside, I hope it's all true and I would happily eat my words...but even if it isn't I wish you lots of luck in your career. But use common sense and never put your real name/info on this type of thread. There are people who will post all of your contact info etc on here and believe me...somewhere somehow, someone in st. Louis would find out and you could truly lose your job!Just because he is a moron, doesn't excuse you for being a douche. Delete the post.He obviously is not worried about it or he would not disclose the info that would identify him. I don’t know if that is his name or not, it is strictly a guess that his home office could also figure out if I can. If his posts here give enough info to jeopardize his career, he should not postthe info.
[quote=iceco1d]Pretty easy to figure out who the class-acts are on this board, and who the genuine d|ckheads are.
Outting the guy is bullsh|t and I hope you get banned. [/quote]I second that.
ednomore, delete your post. Newbies often don’t understand the ramifications. You do. Don’t f*** with someone’s ability to earn a living.
I deleted the post and I hope it makes you all feel better. I still say he is the one who should not give enough info that I could make a wild guess at who he is because his home office could figure it out if I can, and I was just guessing.
Iceco1d… I have visited the site you reference in your signature but it seems as if no one ever posts there. What’s the deal?
[quote=Hey Kool-Aid] ok…now I know for sure he’s full of it…just look at his picture…he has a babyface…no chance people are handing him their statements at the door and signing transfer paperwork. Sorry Spiffy…while I believe you that you have seen it…but it ain’t so here! Not to mention what kind of moron puts his name on this kind of thread…that’s the guy I want in charge of my future!!!
I think we should post his phone number and have everyone give him a call and ask how they can jumpstart their career like he did. HA DJ…all kidding aside, I hope it’s all true and I would happily eat my words…but even if it isn’t I wish you lots of luck in your career. But use common sense and never put your real name/info on this type of thread. There are people who will post all of your contact info etc on here and believe me…somewhere somehow, someone in st. Louis would find out and you could truly lose your job![/quote]
I tried calling. I have family in Norman and OKC - I’m going to have them go harass him. But I guess he won’t be in the office - he’ll be out hitting the doors. I wonder if he knocked on my uncle’s door…
You know, I’m curious.
What is this fascination with Edward D. Jones anyway? There are a number of their offices in my area, but they can’t operate in the same arena as I do, so they’re no threat to my business. Do you guys travel in those same circles as the Jones people? Are they really serious competitors? If so, you need to raise you sights and function where they can’t.
As to the rook putting up big numbers, maybe he is and maybe he isn’t. Do you really care? He’s out a couple of months, so hopefully he can sustain. Best of luck to him in any case. But the rest of you need to focus less upon him and more upon your own work. These are great days to be prospecting and they won’t last forever!
.
At this point Wind I could only recommend one of two things…
A) Just do what you do and never come on this rediculous forum again or B) Start again on here under another name and tone it down a little Getting wrapped up in this BS is like a cancer and it will eat at you all day. You can not control other people on this forum so do what you can control. You have gotten a dose of the ugly side because of your own fault so get off or change your id and use this forum as a resource and not a scoreboard. Good luck going forward and don't look backward..
[quote=JAXSON] At this point Wind I could only recommend one of two things…
A) Just do what you do and never come on this rediculous forum again or
B) Start again on here under another name and tone it down a little
Getting wrapped up in this BS is like a cancer and it will eat at you all day. You can not control other people on this forum so do what you can control. You have gotten a dose of the ugly side because of your own fault so get off or change your id and use this forum as a resource and not a scoreboard. Good luck going forward and don’t look backward.[/quote]
Yes. Rediculous.
It’s worth my time because it’s fun.
I compete with Jones on a few levels, so for me it is fun to do this. I spend a lot of my time selling against Jones, so for me it is not a fruitless exercise. One thing I will point out is that if wind is putting up those numbers, he would be on one of those Uptick things where they have some guy who is doing really good come out and talk about why they are doing so well.
They had this NewNew in Hawaii a few years back who was putting up numbers close to what wind was doing, but not quite. They had him on those broadcasts like he was the second coming. Interestingly enough, did NOT receive most of his business from doorknocking (like he said on TV).
But I guess it’s possible.
Now that we’ve all had our fun, I’d second the motion to consider coming back under a different user name and consider carefully when you post, the clues you may be leaving. This forum can be an entertaining, sometimes useful, and sometimes time-wasting diversion. For us independents and jonesies, who are often one-man offices, it’s a virtual water cooler that gives us an opportunity to interact with peers.
I didn't see your name posted, but due to the clues left behind, even my limited investigatory skills figured out who you were. I'm not interested in posting your name and causing you problems (even though I had some fun referencing some of your favorite stocks), but if you get in the wrong spat with the wrong person, it can happen quickly, as you can see. You've been given some good advice, and I'm going to second a few things and add a couple of my own for your consideration... 1. If you come back under a different name, don't reference things that will tell us that it's wind under a new name...people have long memories here. 2. Particularly now, early in your career, limit your post time to lunchtime and after hours (you could be doing that already...just reinforcing the point). When you are new and building, there is a tendency to have a big day or week and coast a bit after that. Then a new month comes and the pipeline is empty. This business has a high failure rate for a reason...don't coast on success. 3. As others have said, tone down the "look at me" stuff. There is a fine line between sharing a success story and coming off as "too big for your britches". Some will take an innocent success story and tear it down out of sheer jealousy, but when you elicit the kind of backlash that you did, it should be apparent that you went a bit over the top crowing about your success. $10,000 day? Bully for you...we need success stories to tell people that it can still be done in a tough environment. Just know when to quit. In time, you will get a better feel for that. 4. In that same vein, most here don't give a rat's rear about your credentials. Credentials don't mean success and can be your worst enemy if you lean on those and just expect success to come to you because of your MBA. Someone posted here not too long ago that the only people who don't graduate from MBA programs are those who's checks bounce. I thought that was funny, but there's also a grain of truth in it. Too many of our credential programs have been watered down in the quest for tuition revenue and that's one reason people don't put a lot of stock in credentials...too many idiots have them. You seem like a bright guy, but I'm telling you...99%+ of the people you meet don't care about your credentials...and the fraction of a percent that does may end up being your biggest problem clients. I have a CPA and a CFP and rarely bring them up. Frankly, they generate very little business and I may well have been more successful if I had spent the time that I spent pursuing those designations by instead building a business. In my career, I think all of three people have come to me on the strength of my credentials and one of those I fired within a year, due to unrealistic expectations. I've seriously considered removing my credentials from my business card. 5. Get a thicker skin. Hey, most of us have been there, and time fixes a lot of that. People will give you crap on here and in the end, it's good for you...develops those mental callouses that will help you deal with a difficult client sitaution later. When someone shovels you a load of crap, consider carefully whether it's worth getting angry and/or defensive about. Odds are, 20 years from now, when you are closer to my age, you will find that stuff that ticked you off when you were young, doesn't even move the needle anymore. Learn to give and take...and not be so quick to take offense. That will help you in this business as much as anything. 6. Read and study the 500-day war. It's a post on this forum from a wise sage known as the judge that has a tremendous amount of widsom for new reps. The Judge doesn't post much, but when he does, it's well worth reading. Stokwiz is another one that posts infrequently, but posts quality stuff. Figure out who these posters are, and read their stuff when you see it. Some of it is as good as Nick Murray. 500-day war is good enough that many have suggested that it should be a "sticky" thread for easy reference. I agree wholeheartedly with that notion (ADMIN?) 7. Finally, this is for you specifically as a Jonesie. We love to give Jonesies crap here and some are quite good at taking it and dishing it back (Spiff, B24, etc.). Keep an open mind about where you want your career to take you. Of course Jones wants you to live long and prosper with them, and there are plenty of examples of folks that do just that. Likewise, there are plenty of examples of folks who leave the fold and flourish outside of Jones. For the most part, they are not failures and they are not the devil, despite what management may tell you. Management has a vested interest in telling you a mostly one-sided story. I don't blame them...they should do everything in their power to make Jones a better and more profitable firm. Anything less would be working against their best interests. Just understand that sometimes, their best interest and your best interests are in conflict, and when that happens, don't expect them to put your best interests ahead of the firm's. They may do that, but if they don't, you shouldn't be surprised or disappointed. It's a business and they have a right to run it as such. From what my wirehouse brethren tell me, the rhetoric there is just as slanted, if perhaps not quite as sheltered. Certainly us indy and bank brokers often feel like we have taken the best path, so bias is everywhere. If you put clients ahead of your interests and your interests ahead of the firm's interests, you'll do the right thing. Don't ever buy into that crap of doing something because it's in the best interest of the firm. When the chips are down, the firm may very well not repay the favor and you'll be left with a bitter taste in your mouth. Lunchtime is over, so it's time for Indyone to get back to the task of making the world a better place while making a living for his family...Nicely put, Indy. ++
Nice job Indy.
I would also second Ice’s suggestion that we let this thread die. For the sake of the kid. He’s probably a good guy, driven as we are, who just took a left in his thinking when he should have taken a right. I’m sure he learned something from it.
Lets all let it go and move on to more constructive things.
And Wind, = good luck.
[quote=iceco1d] Pretty easy to figure out who the class-acts are on this board, and who the genuine d|ckheads are.
Outting the guy is bullsh|t and I hope you get banned. [/quote]
I agree.
So why are you promoting an alternative site run by a webmaster with a long track record of outing people?
Do you see the irony in that?
[quote=iceco1d]
Less “banter” goes on there, although if more people would participate, we could have more “social” chats on there too.
I’d encourage you, and anyone else, to participate over there. It’s a really great resource (and so is this forum).
One of the nice things about that forum is that it’s for industry professionals only - so threads like this won’t happen.
Hope you decide to stop by once in awhile. [/quote]
Don’t forget to tell him about how they like to dig up the id’s of board participants and post their pictures too…that’s always good for a few belly laughs.
I’m all for letting it die. Good luck wind.
Just to finish up this conversation, wind’s numbers are legit. Everything he’s told you, as far as his commissions go, is true. He sent me a PM with a screen print of his performance chart. Even had his picture in it. If his month ends the way he says it’s going to it puts him on track to hit Seg 2 before PDP. I don’t think he can technically do that, but he’d have the numbers.
Now, wind, I the advice I would give you is to erase that screen name and create a new one. Better yet, don't. Think of all the other $200K accounts you could have found if you had been doorknocking instead of posting here! Congrats on your success. Keep it up and you've got a great future in this biz.Congratulations wind - I was wrong. I don’t mind eating crow.
Spiff, yep, the whole 4 month rolling average thing. Congrats Wind!
A $10k week in the first couple months on the job? Like I said before on either this or a different thread, I know many advisors that sold their parents/uncles/grandparents/dads boss/etc a $200k annuity in the 1st couple months on the job. Not hating, I’ve just been doing this long enough to see newbies come through with selling relatives huge commission products, have their #'s be propped up on a pedestal by the BM and being praised for all the “hard work”, only to have that well run dry sooner than later.
Good luck!I’ll eat some crow too…assuming it wasn’t family/friend accounts. I’m sure we will see/hear alot more about him. St. Louis will no doubt have him all over Joneslink ala Josh from Hawaii as previously mentioned. Good for you Wind…just take the advice given to you and change your profile etc!
To be honest, I don’t care how he’s putting them up…good for him that he is. If it’s family, I know guys who’ve done that and ended up having to leave because they couldn’t get anything else in the pipeline. But I also know people who’ve made it rich off family and friends… whatever works.
.
I simply disliked this little "look at me" prick until this post. This statement is similar to many others he has made, makes an emotional point, but not based anywhere near fact. I don't think he is lying, I think he is stupid and too arrogant to find the truth as that would mess up his little pitch. Still waiting for you B share vs A share example, although I know you will not post it Windy because it does not exist. [/quote][quote=wind3574]Ok Sports…I’m finished arguing…your right. Your company could NEVER do anything un-ethical. What was I thinking. Hope you’ve enjoyed some of my tax dollars…I’m done here…
Would this be an example of proof of a disparaging remark towards a registered rep? I own you, little bitch.
[quote=wind3574]My family is poor…I have not one family member…and the only friend I have is 26 and started a IRA with $7,000…It’s all door knocks…every last one…Thanks guys…[/quote]
Windy,
I thought everything came via cold calls? I’m lost.
Your friend,
Hotair1
When I started with Jones, I had a 10K first month. The Regional Leader made a big point of pointing it out in front of the whole region. He said that if I maintained my pace I would be a million dollar producer by like month 47 or some crap like that. I didn't care for it.....It never made sense to me to hold up someone who had done that once in their first month as opposed to the Vets who were doing it month after month after month. It can certainly give you a false sense of self worth. The green culture has a way of doing that to you.
I wish you the best, Wind....:) Now he’s doing 30k gross life insurance policies and nailing 2 million dollar accounts with a yawn.
I'm from Canada and don't know about your insurance payouts, but there might be a little froth to that $30k insurance policy
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