Leaving Jones - How hard is it?

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Nov 12, 2005 1:28 pm

I am looking to leave Jones within my 3 year contract.  How aggressively does Jones come after you?

Nov 20, 2005 6:19 pm

After your 3 years they won't!


Edward Jones can't handle all the vets leaving right now, so timing is everything.................. 

Dec 18, 2005 2:52 pm

I'm virtually on the other side of the fence right now to leaving, but I'm nervous about them coming after me also. I get the impression they have so many people leaving in the last year and the fact that they are busy in California courts and Nations/BAC problems they won't waste their time. Who knows what goes on in their legal department.


I think if your in an employment at will, right to wotrk state you might be safe but get an attorney anyways.


Anybody on the boards have any personal experience about them actually coming after you, and did they win. I haven't heard of anybody ever actually writing them a check.


Dec 19, 2005 12:29 pm

I have seen Ed Jones pursue it's advisors regardless of tenure with them utilizing various avenues.  That would include training breaches, non-competes, I have even seen them pursue a rep for allegedly telling clients that he wasn't happy w/ Jones from an ethical perspective. 


Bottomline is to follow a non-solicitous march w/ your clients as you move.  They, like most firms, are just trying to slow your move so they can attempt to keep clients.

Dec 19, 2005 2:25 pm

I had a friend who left EDJ, and went to work for another firm in a non-selling position. (because of the 3yr training costs)  Once the 3yr time period was up, this person applied to get their 7 from EDJ, and they promptly sent a letter noting that they had left before the 3 yrs was over and EDJ wanted their training costs back. 


Don't have an outcome, because it's still being fought.