Move to an existing office within Jones
Hello everyone,
I have been a reader for some time but have never posted. I am currently with Jones and I have been with the firm 2 1/2 years. I am meeting expectations and I have my own office, but my wife and I have been thinking about moving. I will be contacting the home office tomorrow regarding the process, but I wanted to get feedback. How flexible are they ? Will I have any choices ? Is it possible that I could go to an office that is currently empty and inherit a small book because I don't really want to start from scratch again. My wife and I aren't picky in terms of where we would like to move. It is basically for a change of scenery and to get away from in-laws. Thank you all for your time.I haven’t been with Jones quite as long as you and don’t know of anyone who’s done it this way. Why don’t you call priority locations and explain the situation to them? Good luck.
I think they’re pretty flexible, as long as you can backfill your office. I took over an office that was abandoned by a guy who moved to another state to take over a vacant office.
However, he didn't backfill his office, it was empty for several months before I was offered the job. There's a guy in my town whose son went through the PASS program and moved into a $100 million+ office. His monthly trails will put him in Seg. 4 as soon as he has been there long enough to move through the segments. That would be a nice little setup.So basically there are offices out there that are vacant and they are being serviced by the PASS program.
I could easily backfill my office with a guy ending a goodnight one town over.I think they are flexible. Our region just lost a 3 yr producer who started newnew and was doing real well. He is moving to the east coast to take over for a guy retiring in a few years.
The vacant offices are either serviced by transitional reps or licensed folks at the home office.
The PASS guys sit in St. Louis and look through the open offices list and then jump on the one they want.EDJ is very flexible PROVIDED you are doing above standard. If you are red/below standard, you’ve got nothing comin’. Talk to priority locations for open offices.
Three choices:
1. Put a hit on the in-laws, (last choice) 2. Move the in-laws, (second to last choice) 3. You move, invite in-laws on special occasions only! (Best choice) You made a good choice--Jones will work with you provided you are patient! The best times of my life was in the service when the nearest relative was > 1,000 miles away! Good Luck!I am not completely convinced that they will work with me. The home office today was very tight lipped on what offices, if any, are available. They made me give almost an exact area (for example,1 hr radius of Kansas City) and then I will have to just wait and see. I was fairly annoyed by that.
I think they are wary of people that are just looking to find the biggest open office in the country in order to cash in. They are willing to work with people that have a real need or desire to move to a specific area for personal reasons, but they don’t want to do it for people that just “feel like it”. I had a guy in my region that HAD to move for family reasons, and they were very accomodating with him. But he had a relatively specific area that he wanted to move to. We had another guy move INTO our region, and he pretty much got the first open office that came up.
In 2 1/2 years this is what I have learned at Jones
-You can be brand new and fall ass backwards into a 40 million dollar office like 2 dudes in my region since I have started. -Or you can get a 10 million dollar plus goodnight/office like 4 others in my region since I have started. -Or you can pay your dues and grind it out doing the REAL work of starting a business from zero and receive constant kicks to the sack while these other stiffs take diversification trips, get slurpped by the RL, and teach new FA meetings like they have a clue what new people are going throughBeing bitter will hurt you more than it will help, but what you are saying does go on and I really can’t blame you for harboring some of those feelings.
LRT-
Seriously, it is NO different at any other firm. But at the wirehouses, they call it joining a team. The difference between joining a team and starting from scratch at a wire is the equivalent difference of getting a GK/getting an existing office vs. starting new/new at Jones. I guess the one difference would be that at the wirehouses, they don't perch you up there with all those silly awards and everything just because you joined a team. As much as it burns, I just don't see how you can blame the firms for this. You have to go in without the blinders on. They tell you it's gonna be tough. They're not kidding.Right on Icecold and let’s be really honest …Life is not always fair. I wanted to retire by 55 , own a summer home in the South of France , a winter home in Fiji and have my children all perfect with perfect lives. Not asking for much , if only the people I have worked with for years could have understood that I was not asking for too much!!!
, the more I think of it …I am bitter All those people who decided that my simple expectations in life were too much. Well the with them , I am going to hold a grudge and have a chip on my shoulder forever. That will serve them right for doing this to me.
They won’t tell you but the fail rate for brokers changing towns within Jones is higher than starting out fresh. Remember the first two months of cold calling?? It will be back staring you in the face when you move towns. A lot of guys can’t handle the new rejection.
IndyEDJ "Been there, done that, cashed the check, went Indy"[quote=LRT12]In 2 1/2 years this is what I have learned at Jones
-You can be brand new and fall ass backwards into a 40 million dollar office like 2 dudes in my region since I have started. -Or you can get a 10 million dollar plus goodnight/office like 4 others in my region since I have started. -Or you can pay your dues and grind it out doing the REAL work of starting a business from zero and receive constant kicks to the sack while these other stiffs take diversification trips, get slurpped by the RL, and teach new FA meetings like they have a clue what new people are going through [/quote] I gotta agree. That is one of the biggest reasons I went Indy. I started new/new. I can't tell you the number of times I was asked by a GK, or someone who took over a decent office, "where have you gone on your diversification trips?" When I answered that I had not won one yet, you could almost see their thought of "what's wrong with this guy, it's not that hard to win a trip." It got old.ice-
Your sanctimonious responses to real life Jones situations shows your longevity in this biz. I was a new/new and won all the awards except segment 5, got all the so called respect because I acheived in spite of all that was against me. At that time diversification qualifications were the same as a GK or someone taking over a book (in some cases large books like 50M). I can't tell you how many times I bit my lip while others were glorified for their acheivements while the rest of us just kept putting one foot in front of the other. If you weren't bitter you were brain dead. I know life ain't fair. That's why most of us leave Jones to go elsewhere. Life is far better independent than dealing with GP's at Jones.[quote=footsoldier]…
If you weren't bitter you were brain dead. I know life ain't fair. That's why most of us leave Jones to go elsewhere. Life is far better independent than dealing with GP's at Jones. [/quote] Great post foot, I agree 100%.[quote=footsoldier]ice-
Your sanctimonious responses to real life Jones situations shows your longevity in this biz. I was a new/new and won all the awards except segment 5, got all the so called respect because I acheived in spite of all that was against me. At that time diversification qualifications were the same as a GK or someone taking over a book (in some cases large books like 50M). I can't tell you how many times I bit my lip while others were glorified for their acheivements while the rest of us just kept putting one foot in front of the other. If you weren't bitter you were brain dead. I know life ain't fair. That's why most of us leave Jones to go elsewhere. Life is far better independent than dealing with GP's at Jones. [/quote] 100% agreement Footsoldier!!Agree with Ice on his thoughts. It is not only about work but life. No need to put a personal spin or comment other than…Lead , Follow or get the Hell Out of the Way.
Staying focused on all the injustices and unfair things in life and work consumes too much of your time that can be better spent on more postive things.Ice-
I get the feeling you are working your dad's book. Probably never had to hunt to eat. I wonder if you have ever been through a down market that lasted years and held clients hands day in and day out. I have. I wonder if you have ever had the experience of going to a clients memorial service and being asked to speak in front of hundreds about your relationship with that client. I have. I wonder if you have ever had the experience of clients not only referring you to everyone they know, but inviting you to memorable family events because they think of you as family. I have.....numerous times. I wonder if you have ever had the experience helping people who are in need of help. I have served on countless boards in my community over the last 20years. I wonder if you have had the experience of raising kids to be quality human beings. I have 3 wonderful daughters. Ages 19,16,5. I wonder if you have had the experience of finding the right partner in life. I have been married to the same women for 24 years. Am I bitter? Hell no. I just get really tired of pompus assholes like you who think they know what's right and have an attitude. The people who vent on this board about Jones and their experience enjoy their life, and they work hard and they implement the changes needed (like leaving EDJ). And we are leaders by example. Assuming you get kicked in the teeth at some time in your life, hopefully you will remember this little diatribe. Longevity matters in life and business. Thanks for motivating me today.Another great post foot.
Ice and Norway, I don't think me, foot, or 99% of the other ex-Jonesers are "focused" on Jones and being bitter. We live our lives and from time to time post on this board. We have common gripes about Jones, so we enjoy sharing them, kind of like old war stories. They don't define us, but it is good to talk about them once in a while. If you have such a problem with it, why don't you close your browser, or go to another post that suits your taste.Now Indy....please !!!! To explain it is not about any firm , I think my comments are more based on some people's attitudes. You are correct , great to tell war stories and we ALL DO. It just amazes me that some people have a sense of entitlement and sometimes they really are bitter. How many people have you met , dealt with or know that have an excuse for everything. I am sure that you have met these types? Like anything , you can focus on the issue or simply move on to better things.
Ice-
I am not a polygamist....just a bad speller. I appreciate your accomplishments....if they are real. But that doesn't make you a seasoned financial advisor. That's really the gist of my message.Perhaps Ice did hit a sore point with some people....It was a very simple statement ....or perhaps bitter???
Geez , the launching of personal attacks is a little over the top don't you think? My view of the original statement was the sense of ENTITLEMENT nothing more , nothing less. If each time you are required to list your complete life's resume of successes and failures no would would ever open a discussion. A final note , I guess that today civilty is something that only goes one way?[quote=B24]LRT-
Seriously, it is NO different at any other firm. But at the wirehouses, they call it joining a team. The difference between joining a team and starting from scratch at a wire is the equivalent difference of getting a GK/getting an existing office vs. starting new/new at Jones. I guess the one difference would be that at the wirehouses, they don't perch you up there with all those silly awards and everything just because you joined a team. As much as it burns, I just don't see how you can blame the firms for this. You have to go in without the blinders on. They tell you it's gonna be tough. They're not kidding.[/quote] I can't provide any evidence, but I have to imagine that newbies who join a team at a wirehouse are more likely to make it than those who do GKs at Jones. My regional leader is a top producer and is in the process of doing a fifth Goodknight. Unfortunately, the previous four failed and are no longer in the business. I don't know exactly how wirehouse teams work, but it seems to me there is a high degree of stability with an established team and an opportunity to work hard and climb the ladder--possibly without so much constant emphasis on selling. When I first started, I feel I could have opened several more accounts if I could have brought the prospects into a team environment with a seasoned vet to close the deal. Unfortunately at Jones, involving a seasoned vet means losing the client and the commissions.I would agree. A GK is not joining a team. A GK is getting a pile of inactive accounts who probably will not produce much. In some cases getting a GK tricks the new FA into doing less prospecting and it ends up detracting from the building of his own client base.
That sounds like a personal motivation issue to me, not something Jones has done. But you are correct. In my opinion, getting a GK or existing office (depending on the size) really just puts you ahead to year 2 or 3. So you avoid the situation of failing out in 6 months, but you could become MORE likely to fail out in 3 years due to lack of effort. However, the same can be said at a wirehouse on a team. If you decide to not put in the effort, I highly doubt the team is going to keep you. Now, from a 30,000 foot view, it can be said that having that team (essentially your "bosses") motivates you and keeps you from becoming complacent. But if that's what you need to make it, then working at Jones or being independant might not be for you (No, I'm not comparing the two, just the relative "solitude" in many cases).I would agree. A GK is not joining a team. A GK is getting a pile of inactive accounts who probably will not produce much. In some cases getting a GK tricks the new FA into doing less prospecting and it ends up detracting from the building of his own client base.
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