Edward Jones question?

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Oct 18, 2006 9:44 pm

Can anyone tell me how much production someone has to be doing to get to Stage(Level) 3, Stage(Level) for 4, and I'm not even sure if they have a Level 5. 


Is it based soley on production, or AUM's or does it matter how long u have worked for the company?


Example: Some who has worked for EJ for 2 years and has production of 300k would be at what level?


Thanks!

Oct 18, 2006 10:15 pm

its all based on a 4 month rolling average. 8k gross seg 2 14k gross seg 3
24k gross seg 4 and now they have seg 5 ... i think that is 40k gross ... all these numbers are based on a 4 month rolling average. so to answer your question about 300K per year, would depend. if you did it in equal parts of 25 k per month, you would be seg 4 ... but in reality it would be more like seg 3

If my segment goals are off im sorry its been a while.

Oct 18, 2006 10:29 pm

Thanks VB,


So that I understand it they do not look at your annual production.  They just look at the last 4 months and they take an average?


SO if Jan-Apr you ave 20k, May-Aug you ave 25k and Sept-Dec you ave 30k.  You started the year at level 3 and ended at level 4??


Thanks 


Oct 18, 2006 10:45 pm

You only have hit these numbers once with a rolling 4 month average:


SEG 3 = 15k    SEG 4 = 27K  and SEG 5  = 45k (new)


Their minimum standard production after 36 or so months is 14k rolling average.

Oct 18, 2006 10:50 pm

Got it.  Now I understand.  Thanks!!

Oct 19, 2006 11:28 am

Each of you are somewhat correct.  Bamzor was correct up through Seg 4.  It's 40K 4 month rolling average to hit Seg 5.  You have to pass the AAMS and do some other internal tests before you can get there too.  The minimum standard production levels off at $14K at month 43. 

Oct 19, 2006 2:21 pm

Spiff,


AAMS...My buddies all got that with an open book test "administered" by the BOA in about an hour.  In other words...it's not too hard to get. 


I've completed the education portion of the CFP but not sure if I'll ever take the test...it takes 2 days, costs about $600 and sounds like I'd have to spend too much time studying...it's football season after all...Go Packers!

Oct 19, 2006 2:27 pm

After I passed the AAMS exam, I had another Broker north of my office ask my BOA for my answers as she was having trouble passing the exam.


She passed.

Oct 19, 2006 3:52 pm

I agree, it's not that difficult of an exam.  I've heard that they might just roll it into some of our earlier training.  I've got to take mine in November.  I think I might have spent 3 hours studying so far.  I may just try to wing it and not worry about it.  My goal is to hit Seg 4 and start with the CFP.  That's an accomplishment worth putting on a biz card. 


Oh yeah...GO CARDS!!!

Oct 19, 2006 8:29 pm

The AAMS now has be taken at a place like a Sylvan learning center and it is definately closed book. That's brings up a good question. The College for Financial Planning endorses the AAMS, are they just trying to produce revenue (b/k the also sponsor other endorsements like the CFP) or do they view it as a legitamate course ?

Oct 20, 2006 12:11 am
Spaceman Spiff:

GO CARDS!!!



SPIFF!  JOE! WE'RE GOING TO DETROIT!!!


YEEEEEE-HAW!!!

Oct 20, 2006 12:19 am
Indyone:
Spaceman Spiff:

GO CARDS!!!


SPIFF!  JOE! WE'RE GOING TO DETROIT!!!


YEEEEEE-HAW!!!



YAhhhhhhh BABY!

WHOOOOOOOOYAH!

(Hey Newbie how does it feel to have BOTH of your home teams knocked out?)

Oct 20, 2006 6:18 am

I have never met a man with an IQ above 110 who gave a damn.

Oct 20, 2006 8:35 am

I know of no men who play dress-up with their dogs.

Oct 20, 2006 8:44 am
Philo Kvetch:

I know of no men who play dress-up with their dogs.


I am not sure I do either, but I know several who have wives who dress up their dogs.

Oct 20, 2006 8:47 am
Devil'sAdvocate:
Philo Kvetch:

I know of no men who play dress-up with their dogs.


I am not sure I do either, but I know several who have wives who dress up their dogs.



I've heard of one.  In fact he used to haunt these boards, until he got booted.  A real moron.

Oct 20, 2006 1:39 pm

What a game from Supan!  I think the last time I had that much fun watching a game was the last time the Rams won the Super Bowl.  Kudos to Chavez for that catch in LF.  After Edmonds has taken so many away from people just like that it was just our turn.  I think I'm going to get a jersey with Yadi on the back.  What a kid.  I almost had to take today off to get my heart beating back in it's normal range.  We'll see if the fickle baseball gods shine on us in Detroit. 


I think I heard Jack say from the other side "Go crazy folks, go crazy!!" 

Oct 20, 2006 2:38 pm
Spaceman Spiff:

I think I heard Jack say from the other side "Go crazy folks, go crazy!!" 


I love that line...and I think I remember watching the game...wasn't that Ozzie's walk-off HR against LA?

Oct 20, 2006 3:23 pm

Yep. Ozzie off of Niedenfuer 1-2 count with 1 out in the 9th (got that one off of the Cards' website, not out of my brain).  Game 5 of the 1985 NLCS.  Good guys won 3-2.  I was watching that one too.  I watched a lot more games back then.  There aren't that many memories I have of the Cards that I can definitely say I was watching or I was there, but I do remember watching that one.  Hopefully this series goes better than that one did.  Losing to the Royals in Game 7 was really disappointing. 


So everyone join in! This time with some feeling behind it...


LET'S GO CARDS!!!

Oct 21, 2006 1:24 am
Devil'sAdvocate:

I have never met a man with an IQ above 110 who gave a damn.



That's probably because they all headed for the door when they saw you walk in.....