Say it Ain't so Jonesies

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Feb 27, 2009 6:05 pm

I'm sorry. I can't help this one.



I had a lady call yesterday, wanting some advice on basic financial planning and budgeting. My office was the fifth place she called. She called three Jones reps and an Indy.



I did not think she had much in assets, but I thought I'd listen to her because she sounded frantic. She said, "My husband is self-employed and we just found out we owe $30k in taxes. We need help!".



I made some time today for her to come in, waiving my consult fee because her husband is a veteran. We sat down, went through the questionnaire and found out that between the two of them, they had $600k in various old 401ks.



When were halfway through I showed gave her the new brochure I developed about "Is your financial expert an advisor or broker?" and she asked if that was what Edward Jones was - a broker. I told her yes and that I used to work there.



Here is the tough part for me to understand. This lady called three Jones offices and was rushed off of the phone when she told them she needed budgeting advice and some business planning. And one of them told her, "Why don't you send Clark Howard an email?".



WTF is going on with you guys!? I would never expect a Jones broker to turn away someone in need. And if they had dug a little deeper, they would have found that it would be worth their while.



The Indy guy doesn't have an excuse either, but that could have been a fluke. But THREE Jones guys?

Feb 27, 2009 6:42 pm

LOL...geez your all over the place...when do you find time for clients?!?  She called 3 jones FAs out of 12,000 and we all must be that way...but the one Indy must've been a fluke....LMAO....It's killing me but i'm starting to like you!

Feb 27, 2009 8:42 pm
Hey Kool-Aid:

LOL...geez your all over the place...when do you find time for clients?!? She called 3 jones FAs out of 12,000 and we all must be that way...but the one Indy must've been a fluke....LMAO....It's killing me but i'm starting to like you!





It's "you're", a contraction for "you are". Not "your". And the "I" in the word "i'm" [sic] should be capitalized.



Where did you say that you were educated? Maybe you can get your money back.

Feb 27, 2009 9:05 pm

I haven't seen a Philo post in quite some time... Welcome back...

 
Moraen- I am curious what does your brochure say the differences are? Are you RIA?
Feb 27, 2009 9:21 pm

Hiya Squash! How've you been keeping? Staying busy?

Feb 27, 2009 9:22 pm

I dunno.... helping someone out with setting up a SEP IRA is one thing, but budgeting is a bit more labor intensive than I want to do. I have one client (charity case) that I've done that with, but it sure is a pain in the a** and boring.

Feb 27, 2009 9:25 pm
san fran broker:

I dunno.... helping someone out with setting up a SEP IRA is one thing, but budgeting is a bit more labor intensive than I want to do. I have one client (charity case) that I've done that with, but it sure is a pain in the a** and boring.





The worst part is that it seems that as soon as you get something sensible figured out, they call and tell you that they 'need' $10K to go on a cruise.

Feb 27, 2009 9:46 pm
Moraen:

I'm sorry. I can't help this one.

I had a lady call yesterday, wanting some advice on basic financial planning and budgeting. My office was the fifth place she called. She called three Jones reps and an Indy.

I did not think she had much in assets, but I thought I'd listen to her because she sounded frantic. She said, "My husband is self-employed and we just found out we owe $30k in taxes. We need help!".

I made some time today for her to come in, waiving my consult fee because her husband is a veteran. We sat down, went through the questionnaire and found out that between the two of them, they had $600k in various old 401ks.

When were halfway through I showed gave her the new brochure I developed about "Is your financial expert an advisor or broker?" and she asked if that was what Edward Jones was - a broker. I told her yes and that I used to work there.

Here is the tough part for me to understand. This lady called three Jones offices and was rushed off of the phone when she told them she needed budgeting advice and some business planning. And one of them told her, "Why don't you send Clark Howard an email?".

WTF is going on with you guys!? I would never expect a Jones broker to turn away someone in need. And if they had dug a little deeper, they would have found that it would be worth their while.

The Indy guy doesn't have an excuse either, but that could have been a fluke. But THREE Jones guys?

 
For every person who wants basic financial planning and budgeting advice and turns out to have $600,000 to invest, there are probably 100 who simply want basic financial planning and budgeting advice.  It makes sense to play the percentages.  Sometimes a good one slips through the cracks.  It's better to let some slip through the cracks than to spend time meeting with everybody who calls. 
 
(That being said, in my practice, I'll meet with anyone who calls, but that is simply because I know I can make a decent buck with insurance also.)
Feb 27, 2009 10:05 pm
Philo Kvetch:
san fran broker:

I dunno.... helping someone out with setting up a SEP IRA is one thing, but budgeting is a bit more labor intensive than I want to do. I have one client (charity case) that I've done that with, but it sure is a pain in the a** and boring.



The worst part is that it seems that as soon as you get something sensible figured out, they call and tell you that they 'need' $10K to go on a cruise.

 
So true. My favorite story is a guy (about 40) who had lost his job, and he had a 401k worth about $30,000.  I decide to help the guy, and we open an IRA and do the rollover call. After about two weeks I call the guy to see if he's received the check yet. He says "Yeah, they called me at home to confirm some information, and I decided to not roll it over. I had them send me the cash and I bought a fishing boat."  I almost laughed over the phone.  He had no idea how expensive that fishing boat actually was.
Feb 27, 2009 10:26 pm
Philo Kvetch:
Hey Kool-Aid:

LOL...geez your all over the place...when do you find time for clients?!?  She called 3 jones FAs out of 12,000 and we all must be that way...but the one Indy must've been a fluke....LMAO....It's killing me but i'm starting to like you!



It's "you're", a contraction for "you are". Not "your". And the "I" in the word "i'm" [sic] should be capitalized.

Where did you say that you were educated? Maybe you can get your money back.

 
I didn't say where I was educated.  As a matter of fact, I never said anything to you so mind your own f-ing business.  You are that much of a loser that you have to hang around on internet threads and play grammar/spelling police...how sad!  I guess you didn't get enough love from your mama...or maybe too much from an Uncle or maybe a Priest...I'm very sorry for you!
Feb 27, 2009 10:31 pm
Hey Kool-Aid:
Philo Kvetch:
Hey Kool-Aid:

LOL...geez your all over the place...when do you find time for clients?!? She called 3 jones FAs out of 12,000 and we all must be that way...but the one Indy must've been a fluke....LMAO....It's killing me but i'm starting to like you!

It's "you're", a contraction for "you are". Not "your". And the "I" in the word "i'm" [sic] should be capitalized. Where did you say that you were educated? Maybe you can get your money back.



I didn't say where I was educated. As a matter of fact, I never said anything to you so mind your own f-ing business. You are that much of a loser that you have to hang around on internet threads and play grammar/spelling police...how sad! I guess you didn't get enough love from your mama...or maybe too much from an Uncle or maybe a Priest...I'm very sorry for you!





Hitting a little too close to home?



Let's be clear...I'll post an answer to anyone and anything I like.



Clear on that, kid?



Good.

Feb 27, 2009 10:50 pm

This is funny.
I agree with Philo
You seem to be a thin skinned a-hole

Feb 27, 2009 10:52 pm

Philo, are you a d***head in real life or do you just play one on the Internet?

Feb 27, 2009 10:58 pm
OS:

Philo, are you a d***head in real life or do you just play one on the Internet?





Only to imbeciles, OS.



So I guess the question is where do you want to be on the spectrum?

Feb 27, 2009 11:49 pm
Philo Kvetch:
Hey Kool-Aid:

LOL...geez your all over the place...when do you find time for clients?!?  She called 3 jones FAs out of 12,000 and we all must be that way...but the one Indy must've been a fluke....LMAO....It's killing me but i'm starting to like you!



It's "you're", a contraction for "you are". Not "your". And the "I" in the word "i'm" [sic] should be capitalized.

Where did you say that you were educated? Maybe you can get your money back.

serously. i preciate da value of edumacashon but dont u think u been a lil picky
 
your a smart guy. u probly no dat he aint realy chekin da speling two much. u shud find sumthin else to wine bout. mayby u shud get into da english gramer edumacashon bidness insted uv da financhul advise bidness. doncha think.
 
Sorry...I couldn't help myself. I've seen several posts by you correcting grammar and spelling. Must be a pet peeve of yours. LOL.
Feb 27, 2009 11:55 pm

Yes, but doesn't stupidity and/or laziness annoy you?



I admire precision. That extends to grammar and punctuation.

Feb 28, 2009 12:18 am
Philo Kvetch:

Yes, but doesn't stupidity and/or laziness annoy you?

I admire precision. That extends to grammar and punctuation.

I'm sure you're well aware that poor spelling or grammar a stupid person does not make. There are myriad incarnations of wisdom. A superb grasp of the English language is but one. Precision and industriousness certainly have value, but I also admire humility and respect. Lead by example rather than cynicism and criticism, and you may find your message more well received. Pull a dog on a taut leash and it pulls back incessantly; lead it gently, and it will follow you anywhere.
 
And, no, I didn't just call Kool Aid a dog.
Feb 28, 2009 12:28 am
Fud Box:
Philo Kvetch:

Yes, but doesn't stupidity and/or laziness annoy you? I admire precision. That extends to grammar and punctuation.

I'm sure you're well aware that poor spelling or grammar a stupid person does not make. There are myriad incarnations of wisdom. A superb grasp of the English language is but one. Precision and industriousness certainly have value, but I also admire humility and respect. Lead by example rather than cynicism and criticism, and you may find your message more well received. Pull a dog on a taut leash and it pulls back incessantly; lead it gently, and it will follow you anywhere.



And, no, I didn't just call Kool Aid a dog.





Clearly you've never met my Siberian Malamute.

Feb 28, 2009 12:45 am
Fud Box:
Philo Kvetch:

Yes, but doesn't stupidity and/or laziness annoy you?

I admire precision. That extends to grammar and punctuation.

I'm sure you're well aware that poor spelling or grammar a stupid person does not make. There are myriad incarnations of wisdom. A superb grasp of the English language is but one. Precision and industriousness certainly have value, but I also admire humility and respect. Lead by example rather than cynicism and criticism, and you may find your message more well received. Pull a dog on a taut leash and it pulls back incessantly; lead it gently, and it will follow you anywhere.
 
And, no, I didn't just call Kool Aid a dog.
 
Don't you have a test to study for? 
Feb 28, 2009 12:47 am
Philo Kvetch:


Clearly you've never met my Siberian Malamute.

I thought the Malamute was from Alaska and Siberia spawned the Husky. Either way, they're both great dogs! I have three: a Labrador Retriever, American Pit Bull Terrier, and a Pug. Gots ta luv dawgs!