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May 1, 2007 11:18 am

I know this is going against many on this board. I left jones 2 years ago to go the banking route. My bank is getting taken over and its a good time to start looking. I was with jones for 3 years seg 3.


It really sounds like jones is getting its head on straight. Offering truly full service brokerage with the new fee base program. It was in turmoil when I left.  I would like to hear from some of you that have made the move back. Is Weddle better than that freak-in Doug Hill?


One thing, I pissed the RL off when I left.

May 1, 2007 12:45 pm

I would imagine that they'd welcome you back with open arms.


I don't know that I've ever heard of anyone wanting to go back to Jones, let alone actually doing so. 

May 1, 2007 12:51 pm

I doubt that Jones would want you back after you jumped ship once already.  In addition, won't your clients wonder a bit about your stability if you go back to the same firm that you left?   You look like a yo-yo to them.


What is preventing you from staying at the same bank channel even if the bank is being merged or taken over by another bank?  Are they eliminating the program?


If you plan to leave the bank, I would think that another B/D besides Jones or going Independent would be the way to go.

May 1, 2007 1:04 pm

As long as your record is clean, I bet Jones would take you back. When I was at Jones, I knew a couple of people who had left for wirehouses and come back.


As for the RL, that could be an issue. Do you have to go back to his region?

May 1, 2007 2:19 pm

Weddle is much better then Hill, thank goodness for the revenue sharing class fiasco.

May 1, 2007 2:20 pm

oops strike class, not sure where that word came from. 

May 1, 2007 2:55 pm

Thanks for the responses. I was approached/called by another IR there will be an office coming open soon. He had heard about my bank getting taken over and our office which is across the street from the company that is buying us out will be closed.


I do miss the semi Independence that I had at Jones. The Jones office will be 30 miles from where I live and 50 miles from my old Jones office.


My question may be falling on deaf ears. Has anyone ever gone back to Jones? I will be fine, but  no doubt I would catch some flack if I went back.

May 1, 2007 3:14 pm

EDJ to a bank and back to EDJ??? That's kind of a pathetic career path. Sorry to put it bluntly.


Why dont you explore other firms in your area? If your bank is being taken over and you still have your position, why not take that opportunity to look around? You still have your bank job, you can do your diligence, and who knows maybe you will end up enjoying your position with the new banking entity.


Just a thought.

May 1, 2007 5:13 pm

Don't do it, don't do it! It's like going back to an ex girlfriend who said she's changed.

May 1, 2007 5:26 pm

I had a buddy of mine go back to Jones last year. Make SURE you know the office situation you're going into. They misled him about the office about the office and he's miserable and starving. Typical.

May 1, 2007 5:50 pm

I tried to go back and Spiffy wouldn't take me...I would look at selling used cars before heading back to Jones.  You'd get more respect from your old clients.

May 1, 2007 8:16 pm

If you throw your hat in the ring with someone that is on the inside with the RL or the growth guy they will hire you when someone either needs a category to win a trip or when the RL is getting his ass burned by the Area Leader because he isn't meeting his regional growth goal.



May 1, 2007 8:58 pm

My God man!  Your self-esteem must be in such a low place...

You have some serious self-hate issues happening.  I would rather have exploratory rectal surgery than work for EITHER Jones (where I once was) or the bank (where I would never, ever, go).  You're bouncing back and forth between them...it's self mutilation.

My advice:  Quit your job, go on welfare, and drink a lot.  That sounds more fun than your current options.

Seriously:  Find a good therapist and GET HELP...FAST!!!

May 23, 2007 4:52 pm

Thank you Billy Bob. I had such a good laugh at your candidness.  Jones sucks. There is no going back.  Thank you for all of us who in moments of weakness would thirst for koolaid.  Never look back, full steam ahead

May 23, 2007 5:39 pm
hoopfan:

Don't do it, don't do it! It's like going back to an ex girlfriend who said she's changed.


well said

May 24, 2007 3:40 pm
DRAPALA:

I had a buddy of mine go back to Jones last year. Make SURE you know the office situation you're going into. They misled him about the office about the office and he's miserable and starving. Typical.



That's pretty typical, although occasionally you can get lucky.  Most IR's I knew who took over books had mixed feelings about what they got, even when the book was substantial (unless it was your Dad's book, then you should be golden).  If it is a good sized office, my experience is that there are a lot of dead assets there (lots of 30 year muni's, and way less in mutual funds and annuities that pay trails than you would think).  Also, unless the broker died, there are probably not a lot of HNW clients left in there, the old broker either took or will take them, or the competition did.