Former Jones broker done good?
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Who is number 1 in jones now? There was a guy in seatle area who was pretty big…
When I left it was some guy in North Dakota who was doing like $2mil (I think). Spiff and B24 (or Hulk or Hey Koolaid) can probably confirm or deny.
I heard about that guy when iwas there… Apparently his dad is head of some big law firm in N Dakota and it all came from there…
[quote=Squash1]I heard about that guy when iwas there… Apparently his dad is head of some big law firm in N Dakota and it all came from there…[/quote]
Oh perfect ! And that stroke was probably carried around from meeting to meeting teaching FA's how to build their business.Hey that’s the jones way… my former RL built a book of $10MIL, moved states because they gave hime $100MIL…
That guy in ND did $3 Mil last year. He does a ton of insurance.
The only thing I've ever heard (but not confirmed) about his situation is that his dad was a successful insurance guy in town. I recall hearing something about him retiring and him taking over (and 1035ing) all of the policies he could. But, now I understand he has gotten himself into a circle of retiring CEO types and is doing some fancy retirment/estate planning for them. ***************************************************** For those of you who saw the original post, I edited it after a conversation with Hulk, to protect the FA's info. Not to mention my buddy who is in FSD. My allergy fogged brain just isn't working right this morning.Back when I was with Jones I heard about a guy in Nebraska that was doing some huge insurance policy that was supposed to pay him 1M or close to it.
Those stories pop up all the time. We’ve got a guy in the STL area that just landed a $200 Mil account. Cash. Guy worked for BUD and had a ton of shares that got sold at $70 a pop.
Story is that the money is just flowing through Jones on the way to the trust. So, the FA doesn't get to keep the AUM, just the net. He's buying all munis with it from what I've been told.