H&R vs Jones

H&R BLock Financial Advisors has

better technolology, platform & management.



Downside is that HRB is tax prep firm

and the financial advisor division may end up

being a swept under the rug one day.

[quote=Lewis]
H&R BLock Financial Advisors has
better technolology, platform & management.

Downside is that HRB is tax prep firm
and the financial advisor division may end up
being a swept under the rug one day.[/quote]

Lewis are you clueless??

Is there a third choice?

[quote=noggin]

[Lewis are you clueless??

[/quote]

Actually it would seem that most national firms have better technology than your employer noggin.  Aren't you the one that was talking about leaving for a ..... gasp ......BANK????

Actually, I'm curious too.  I am turning down what I feel is a great offer from HRB to go Indy.  Their technology is great, blows EDJ away.  I'm not worried about referrals though, which is what HRB is all about.  I thought about going to HRB 1st, then indy later.

I would love to hear some thoughts from Indies and HRB people.  Not interested in hearing EDJ arguments, 'cause I'm done.

Thanks

What's the difference, some day they might even join forces, their signs alomost look the same? 

Drones, and Clones with just another name......Wow, that is a way for ED Jones to hit their recruiting numbers recruit all the HR Block IR's they already drink Kool Aid on a regular routine....... 

The clientele at HRB will be limited to the types of people who use HRB to do their taxes.  You will not be getting referrals to people with more complex taxes and by default more complex financial need and more money to invest.

A similar thing can be said about many EDJ clients.  Not all clients at EDJ are lower end (smaller amounts of investments and less sophisticated) but many are.

If you are Independent you will have the ability to determine for yourself what market you want to target. 

HRB is not a good stepping stone.  At the end of the day, it’s a tax firm that also has a financial services arm.

[quote=eddjones654][quote=noggin]

[Lewis are you clueless??

[/quote]

Actually it would seem that most national firms have better technology than your employer noggin.  Aren't you the one that was talking about leaving for a ..... gasp ......BANK????

[quote=noggin]

[quote=Lewis]
H&R BLock Financial Advisors has
better technolology, platform & management.

Downside is that HRB is tax prep firm
and the financial advisor division may end up
being a swept under the rug one day.[/quote]

Lewis are you clueless??

[/quote]

Noggin please explain.  What is he clueless about? 

From the Yahoo HRB board:

http://biz.yahoo.com/bw/060530/20060530005799.html?.v=1

http://biz.yahoo.com/bw/060530/20060530005798.html?.v=1

My old office was located next door to an H&R office. At least once a day during tax season somebody would come into my office and announce they had an appointment to get their taxes done.

I never opened an IRA for any of those people but somehow never felt I missed out on a client who couldn't read a Green Sign on the door the size of their head.

[quote=exdrone][quote=noggin]

[quote=Lewis]
H&R BLock Financial Advisors has
better technolology, platform & management.

Downside is that HRB is tax prep firm
and the financial advisor division may end up
being a swept under the rug one day.[/quote]

Lewis are you clueless??

[/quote]

Noggin please explain.  What is he clueless about? 

[/quote]

The only Reps I see going to H & R Block are ones on goals. I can't speak to their technology but I really think one would have to think twice about going there.

I never opened an IRA for any of those people but somehow never felt I missed out on a client who couldn't read a Green Sign on the door the size of their head.

  That says it all!!

Personally, if I were a new rep in the industry, I would choose Jones over HRBFA.

Jones Rules.

Incredble Hulk: Jones Rules.

---------------------------

Sorry man. Everytime I glance at your name, I see "Inedible Hulk" and I have to do a double-take. Maybe, it's my Dyslexia or something.

i think HRBFA has everything in place. the only thing hurting them is their name and ridiculous statements like "it's still a tax firm". Their success with tax will assure that their FA arm will be around for as long as they see fit. HRBFA is in a revenue building stage right now.

again, the only problem with them that I see is image. it's one thing to walk into an AGE office and a totally diff exp walking into a HRBFA office.

now the flip side is that people who've been with the "sophistacated" offices and firm names would like a place like HRBFA that has a more laid back atmosphere.

In contrast to Jones, they have a wide range of products that jones will never dream of touching, their tech is better, better back office support, and if you take out the tax side of it, they have it where it counts.

to suggest that jones is a better place is not only wrong, but downright ignorant. i have seen jones guys go there and double their production in a year and a half. considering the hardships of moving in this industry, that is a strong feat.

i also heard of wachovia's second top prodcuing FA in SA leaving to his own HRBFA branch and taking 90% of his book with him in 2 weeks and last I heard, is on pace to hitting 630k this yr (he was previously making 750k on a bad yr)

so in the end, whether it's about HRBFA, jones whatever. the questions you need to be asking are "have there been success stories?"

i dont think a nearly million dollar producer leaving wachovia to HRBFA and killing the comp suggests HRBFA is ass.

now if u were to ask about the upper level of management there, well that would be a diff story.

Jones is a joke of a firm...if the kids want to drink the kool aid, more power to them.

Anna,

    H&R can't even get their own taxes right, why would anyone go there to get their personal or business taxes done?

    H&R has recruited a few Jones brokers, but they were bottom of the barrel or already let go.

    H&R's average ticket size is around 10k.  If you want fund roth IRA's for a living, become a broker there.

    Just like banks, offices that feed referals can be changed or  reduced at a whim.

    I've seen a few statements I've transfered from H&R Block, if they "have a wide range of products that jones will never dream of touching" then why are all they sell B-share mutual funds and annuities?

    Anna, speaking of clueless, more power to you.

[quote=rankstocks]

    H&R's average ticket size is around 10k.  If you want fund roth IRA's for a living, become a broker there.

    I've seen a few statements I've transfered from H&R Block, if they "have a wide range of products that jones will never dream of touching" then why are all they sell B-share mutual funds and annuities?

    [/quote]

Rank,

If a client isn't hitting a break point and is putting money into a retirement account, what is wrong with a B-share?  Just curious.

I’m no expert but I just don’t see how being associated with H&R Block is ever going to be a good thing.  They literally have cubes at Wal-Mart during tax season.  That’s some pretty crappy advertising for your investment business if you want to ever be taken seriously.

I’ve personally never understood why anyone goes with a national firm.  I guess it comes down to family traditions.  My bro-in-law works for an international company because that’s what his dad did.  My dad owned his own company so that’s what I’ve done.  Just never saw the appeal of wanting to pay someone in St. Louis or Kansas City to hold my hand.

[quote=Incredble Hulk]Jones Rules.[/quote]

they do have rules

[quote=rankstocks]

Anna,

    H&R can't even get their own taxes right, why would anyone go there to get their personal or business taxes done?

    H&R has recruited a few Jones brokers, but they were bottom of the barrel or already let go.

    H&R's average ticket size is around 10k.  If you want fund roth IRA's for a living, become a broker there.

    Just like banks, offices that feed referals can be changed or  reduced at a whim.

    I've seen a few statements I've transfered from H&R Block, if they "have a wide range of products that jones will never dream of touching" then why are all they sell B-share mutual funds and annuities?

    Anna, speaking of clueless, more power to you.

[/quote]

you honestly have no clue what you're talking about. last year when morgan stanley let go hundreds of brokers, HRB corp made it clear they were not hiring the 'bottom of the barrel' as you put it. In fact, HRBFA does not hire anyone, as of today, with trails less than 200k (assuming you've been in the biz for no more than 4 yrs). There was a recent news session that made a big deal of a near million dollar team they brought over from smith barney, a million dollar team from wachovia in florida (or was it morgan stanley) and the second top producer from wachovia in san antonio had a satelitte opeend for him sometime late last year.

Honestly, for every one or two abd things YOU saw, i can name more good things I know of.

You see a "few statements" and think you know what you're talking about and then make a weak attempt to insult me? More power to YOU my friend!

HRBFA has its problems, but I wouldn't go so far as to say they're a joke.

"Bottom of the Barrell?"  Thanks 

HRBFA has offered me and I'm only at $150k.

[quote=rankstocks]

Anna,

    H&R can't even get their own taxes right, why would anyone go there to get their personal or business taxes done?

    H&R has recruited a few Jones brokers, but they were bottom of the barrel or already let go.

    H&R's average ticket size is around 10k.  If you want fund roth IRA's for a living, become a broker there.

    Just like banks, offices that feed referals can be changed or  reduced at a whim.

    I've seen a few statements I've transfered from H&R Block, if they "have a wide range of products that jones will never dream of touching" then why are all they sell B-share mutual funds and annuities?

    Anna, speaking of clueless, more power to you.

[/quote]

"Bottom of the barrel".  What a classic Edward Jones comment.  I spent six years at that lousy firm and my fellow IRs were great people with great potential until the day they left the compound.  From that day forward they were scum, unethical etc.  Our old regional leader's famous line when someone left was, "oh, don't worry about him, he wasn't a 'Jones Broker' anyway.  He was just a broker working for  Jones." I guess that was his way of saying the former IR didn't have enough of the kool-aid. 

The only broker that has gone to H & R Block out of my region was on goals…

noggin,

What about going from your firm to a bank? Would thatbe any better than where you are presently?

[quote=compliancejerk]

noggin,

What about going from your firm to a bank? Would thatbe any better than where you are presently?

[/quote]

If it were the right situation, yes.

who doesn’t have a better platform and technology then EDJ–they are still working off a 1970’s technology.  Especially that wonderful 1300.00/month satellite system–God please don’t rain!!!1

[quote=badplaid]

From the Yahoo HRB board:

http://biz.yahoo.com/bw/060530/20060530005799.html?.v=1[/QUO TE]

I don't have much to say on this little dogfight, but does Jones buy a BW release whenever they recruit a team doing under $700k?

Look at the stock price of HRB vs. that of Merrill, Goldman, Lehman, AG Edwards, Raymond James.  I know that brokerage is a small, small part of the equation, but I maintain the company as a whole is run by a bunch of hacks.  Their tax business is not growing.  There sub-prime mortgage business is growing exponentially.  When that blows up in their face, look for the brokerage unit to be the first thing to hit the auction block. 

hilarious. thanks sooth.

Another very accurate prediction…