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May 27, 2005 11:57 pm

When referring to Edward Jones IRs who started under a veteran IR in the Goodknight plan Soothsayer said:



"So, you have absolutely no idea how it feels to be constantly put in the chow line behind these guys and gals who have not done the work of building a business."



Sorta brings a tear to your eye, doesn’t it?



BPD



P.S. Sooth’s post was May 8th at 10:33am under What’s up at firms. Thread = Moving from Jones to AGEdwards.

May 28, 2005 3:49 pm

BipPayDay(BRAINEDWASHED)

Let's hear you answer some QUESTIONS, INSTEAD OF SPREADING "BS", ANSWER THE QUESTIONS:

BigPayDay wrote:
Bench Warmer,

BigPayDay, Here are your answers

Jones settled because they thought it was in the best interest of our clients and our advisors. It is very difficult to fignt the U.S. Government in court or for that matter in the press. We did not admit or deny any wrong doing. Are you say JONES DID NO WRONG, YES OR NO ! no "WEASEL" words..?

Doug Hill took the sword for the firm. I know you won't believe this, but it is the truth. HE negotiated the settlement and as he said "There is no one person bigger than the firm." "BS", HE KEPT IS BUTT OUT OF JAIL...FACT!    You are living in FANTASY LAND, CALL THE ATTORNEY GENERAL IN MISSOURI, ASK DOUG HILL TO TELL HIM, THAT IN WRITING! CHECK OUT THE WSJ, I KNOW YOUR CLIENTS DON'T READ IT, BUT YOU NEED TO, IT'S BEEN REPORTED SEVERAL TIMES, GO READ IT! 
As far as other firms not doing revenue sharing, take a look at the following:  NOT ALL FIRMS REVENUE SHARE , YES OR NO?  i SAY NO, WHAT YOU SAY?

http://www.americanfunds.com/pdf/mfgepb-905_gfab.pdf

see page 26.

Yes there are SEVERAL indy firms on the list including Ray Jay and LPL. BUT NOT ALL, ARE THERE ?

As far as Jones being a laughing stock, I doubt it. Maybe to you Jones Failures, but our greatest critic, our clients, in a survey done in Jan and Feb of this year ranked Edward Jones #1 in customer satisfaction. We don't have to answer to the press or envious, jealous Jones failures like you. We serve our clients. Period.

Actually I was very successful at Jones, a Partner, always made top bonus level, recruited, and trained for the FIRM, I got PO'd because the GP's would not fully disclose what was going on , and kept telling us that the "SEC" CHECKING US(JONES) OUT WAS NOTHING! THAT WAS NOT TRUE, WAS IT?

THE GREED OF THE GP'S FINALLY CAUGHT-UP WITH THEM AND THE FIRM, YES OR NO ?

lthough we do not do Wrap Fees in lieu of commission, we do have a Fee Based Advisory program for HNW who are investing $500k or more. Most folks investing under $500k can invest less expensivly than a Fee Based pogram and usually aren't in a high enough tax bracket where writing off the advisory fees helps their taxes. YOU NEED EDUCATION, AND FACTS IN THIS AREA, CHECK IT OUT...THERE IS A REAL WORLD OUT THERE FOR YOU AND YOUR CLIENTS TO DISCOVER, like full discloser, of FEES & CHARGES, and JONES is not close to the lowest!

A few months ago you, Lance Legs, & uwec something or other were saying Jones didn't have enough capital to stay in business. Well guess what? We just had our best trimester in the firm's history. We are in the 40% bonus bracket, almost as high as the heydays of the late '90s. Our limited Partnership, which as averaged 22% since 1990, is at an annualized rate through the first 4 months of over 20%. Over 1/2 of our IRs went on a diversification trip last contest period. Did I mention being the Lexus of the Financial Services industry with our highest Customer Satisfaction rating in JD Powers annual survey? Jones dumped $58million into our profit sharing plan last year. (How much of that goes towards GPs? Zero!) Should I go on?

Get your Facts straight:

1) PLAYER never said such a thing as Jones had a Financial Problem, California could change that?  DO NOT PUT MY NAME WITH THOSE OTHERS

2) JD Power award never asked those clients "How would you feel if Edward Jones got fined for 75 Million Dollars by the SEC, but didn't feel their clients were important enough to tell them about it ? 

What do you think the rating would be then?

3) Your Ir's going on Trips, they pay taxes on, revenue they produced and they live off 38%, so getting back part of the 62% you left on the table is not really too smart is it ?  There is no FREE LUNCH or TRIPS, even at EDWARD JONES?

It isn't as bad as you Jones Bashers (i.e. Jones Failures) wish it was.

I LEFT WHAT IS YOUR EXCUSE?  How can you stand your FIRM , not disclosing to your CLIENTS, what has happen...or can you justify anything...like Bill 3 Mil Hill the FRAUD JUMPER? 

You need to get Jones out of your head. Move on. Life's too short. You may want to seek professional help.

BigPayDay, I have moved on but when I read Hippocrates like you touting how GREAT THE FIRM IS, when the FIRM has failed to be HONEST to their CLIENTS....I FEEL ASHAMED,for Ted & Edward Jones, they would be rolling over in their graves, wouldn't you?

I don't understand how you have put up with out demanding FULL DISCLOSURE for YOU & your clients, or DOESN'T THAT MATTER TO YOU?

ASK YOUR CLIENTS WHAT THEY THINK ABOUT IT, IF YOU HAVE THE GUTS? 

I feel us x-jonsers care more about the integrity of the Firm's past,  than you hanger on's, at least we could look our clients right in the eye and say we have explained everything they should know about our GREAT FIRM, can you really do that now?



Big Pay Day
________________________________________
The Grass is GREENER where you water it!

BigPayDay



__________________
Hi Ho Hi Ho it's off to INDY we go........... Back to Top   BigPayDay
Senior Member



Joined: Jan. 10 2005
Posts: 217 Posted: May 27 2005 at 11:18pm | IP Logged Bench Warmer,

So you do what you do for Ted Jones. How special. Sounds like you have a warm heart.

You say you've moved on.

Dude get a grip. Jones has you by the neck and they are shaking you till you can't breath.....and then you wake up and ask your boyfriend to spoon you because you're scared.

Out.



Back to Top   Player
Groupie



Joined: Dec. 08 2004
Location: United States
Posts: 64 Posted: May 28 2005 at 10:57am | IP Logged

BigPayDay (Brainwashed),

At least I can answer questions, let's see what your answers are ?

Are you AFRAID of the TRUTH?

There has never been a JONES SUPPORTER on here yet that has answered QUESTIONS, they only fire back insults...is that how they are teaching salemanship at Edward Jones......

SHOW US WHAT YOU ARE MADE OF "PUNK" make my DAY....



May 28, 2005 9:38 pm

When referring to Edward Jones IRs who started under a veteran IR in the Goodknight plan Soothsayer said:



"So, you have absolutely no idea how it feels to be constantly put in the chow line behind these guys and gals who have not done the work of building a business."



Sorta brings a tear to your eye, doesn’t it?



BPD



P.S. Sooth’s post was May 8th at 10:33am under What’s up at firms. Thread = Moving from Jones to AGEdwards.

May 28, 2005 11:57 pm

BPD you are such a putz.   Sooth was referring to the practice of setting up a newbie in the businesses, in a Goodnight plan: giving that person who hadn't paid the dues a ready made book of business of 24 million or more dollars.  And then telling the rest of us who started from ZERO and ground out our time and lives to create an office from nothing, how wonderful the newest fair haired child was.

Well....gee....duh!!  Give me 24 million of AOM and several hundred warm contacts and I can look like a shining star too.  

It was a such a joke.  The RL would tout how wonderful the new guy was doing and the rest of us were secretly making sucking sounds and rude hand gestures.     Let me guess you were a Goodnight.

May 29, 2005 12:20 am

BL,



Life isn’t always fair.



So if you are a senior advisor or have more accounts you can handle you don’t believe in bringing in a new advisor to take on some of the smaller accounts so you can concentrate on your larger accounts?



BPD

May 29, 2005 9:53 am

BPD, you truly are a flawed individual possessed of an inferior intellect.

Please, for the Love of God, convince me that you're not THAT stupid.

May 29, 2005 10:22 am

Ok... one more time... but I'm afraid that Starka may be right.  You aren't just brainwashed by EDJ, your brain is nonexistant. 

The practice that offends is not giving a book of business to a younger broker. That is a good and standard practice, one that I plan to implment shortly before my own retirment.  The OFFENSE is in an organization (and I use the term loosely) like EDJ where you give some undeducated, clueless noobie (like you) a large book of business and THEN rave on on how the noobie (you) is such a success.   It is no surprise that the rest of the people who worked their asses off to become sucessful are not impressed.

BTW: Did you ever research the proprietary and uncompetetive annuities that EDJ has packaged so that they can continue to push the preferred funds? 

May 29, 2005 11:23 am



P.S. Sooth's post was May 8th at 10:33am under What's up at firms. Thread = Moving from Jones to AGEdwards.
[/quote]

Soothsayer took his wife to Europe for a couple of weeks.  I could afford the trip based on my tax savings alone being paid by 1099 vs. W-2.  By the way, we had a great time.

May 29, 2005 11:29 am

[quote=babbling looney]

Ok... one more time... but I'm afraid that Starka may be right.  You aren't just brainwashed by EDJ, your brain is nonexistant. 

The practice that offends is not giving a book of business to a younger broker. That is a good and standard practice, one that I plan to implment shortly before my own retirment.  The OFFENSE is in an organization (and I use the term loosely) like EDJ where you give some undeducated, clueless noobie (like you) a large book of business and THEN rave on on how the noobie (you) is such a success.   It is no surprise that the rest of the people who worked their asses off to become sucessful are not impressed.

BTW: Did you ever research the proprietary and uncompetetive annuities that EDJ has packaged so that they can continue to push the preferred funds? 

[/quote]

Looney--

Sounds like your experience mirrored mine.  I always asked, "Why do you take the people who have done nothing, proven nothing, accomplished nothing, sacrificed nothing, and never given a red cent back to STL, and give them all the spoils?"  There is no system that could ever be completely fair.  However, there is much that could have been done to remedy or mitigate the morale corruption that this practice causes. 

May 29, 2005 12:32 pm

Sooth and Ms Looney,



You sound like the Democrats. Just bashing and no solutions.



So you agree bringing in a junior broker makes sense. How would you do it differently than Jones is doing it?



BPD



P.S. I’ve done three Goodknights in my office. All are very successful brokers today. They still had to work very hard to get where they are. Taking over assets can be a two edged sword because although the new broker will start out of the gate quicker, they still have to prospect or they will usually plateau 1 - 2 years in.

May 29, 2005 12:35 pm

Right.  I don't mind that some one has the fortune to be a "Goodnight".  What I did mind was the "morale corrupting" practice of holding that person's production up as some sort of an accomplishment and having the clueless noobie attempt to teach the rest of us how to do the work.    I had/have great respect for those successful brokers at Jones or anywhere else who have worked hard and built a business from scratch.  I have little or no respect for someone who is riding on the coat tails of the aforementioned hard working broker.  

Now this isn't to say the the clueless noobie can't go on to further build their inherited book of business, learn and become a good business manager. THEN I will give them the respect that is due. But puuuleeese..... don't insult my intelligence by saying that someone who was given (on a golden platter) millions in assets and hundreds of ready made pigeons, I mean clients, is some sort of a shining star.

I never understood how the RL could think that this practice was some sort of incentive or inspirational example to the rest of us.  As I said sucking noises and rude hand gestures.

May 29, 2005 12:40 pm

P.S. I've done three Goodknights in my office. All are very successful brokers today.

No way.  I hope they learned something of the business from someone, as they certain must not have learned much from you.

Now I'm off to the lake.  Enjoy the day.

May 29, 2005 5:17 pm

Ms Looney,



Hope you had a good day at the lake.



I think the bigger problem was how your RL talked about the Goodknight IR not so much the Goodknight program itself. Agree?



BPD