Do I Call?

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Mar 7, 2009 10:17 pm

I came home today and there was a card left by a Edward Jones rep . In addition, there was some sales lit on a fund.


 
 
I know Jones doorknocks, but I have never heard of a rep leaving info on a door. When I think of door "flyers" I think of Papa Johns not a piece of lit for a bond fund.
 
My question is would you call the guy and what would you tell him? I know a lot of us cold call but I have never seen "door to door" by a financial rep
 
 
 
Mar 8, 2009 1:30 am

The guys just trying to make a living, so I'd leave him alone. Just my 2 cents.

Mar 8, 2009 12:39 pm

If he stops by again you may want to call and let him know you are in the business.  We had an EJ guy knock at my door a couple of years ago and my wife conveyed that message.  No reason to waste his time.

Mar 8, 2009 12:43 pm

Thanks ,

I just didn't know if  a compliance dept  would look  down on that sort of thing (leaving flyers on a door)
 
 
 
Mar 8, 2009 12:52 pm
radernation-1:

Thanks ,

I just didn't know if  a compliance dept  would look  down on that sort of thing (leaving flyers on a door)
 
 
 
 
My compliance department needs copies of everything sent and to what address.  Assuming he is tracking preapproved material he should be fine.
Mar 11, 2009 8:07 pm

General Observation:

 
I keep reading all this stuff about knocking on doors. I have lived in Chicago (near North), SF (twin peaks), Manhattan (UWS), and now a med sized metro in the mtn west (upscale suburb). I have NEVER had anybody from Jones come knocking? What gives? I've had those awful jehovahs witlesses and the mormons, but never any jonesies.
Mar 12, 2009 4:00 pm

My guess is that by and large the one's doing the knocking are new FA's. There are three possible scenarios: 1. new guy starts a-knockin' and then washes out, 2. new guy starts a-knockin' and then moves on to other marketing techniques, 3. new guy's a-rockin' so he ain't a-knockin' anymore and eventually becomes an old guy (or indy ).


There's also the possibility that they did knock, but nobody was home.
Mar 22, 2009 1:47 pm

Since he is your competition - I would let him continue to waste his time doing this while you are doing more constructive marketing.  He will probably tire of it shortly. 

Mar 22, 2009 1:58 pm
MinimumVariance:

General Observation:

 
I keep reading all this stuff about knocking on doors. I have lived in Chicago (near North), SF (twin peaks), Manhattan (UWS), and now a med sized metro in the mtn west (upscale suburb). I have NEVER had anybody from Jones come knocking? What gives? I've had those awful jehovahs witlesses and the mormons, but never any jonesies.



I've never been doorknocked. I've also never been cold called by a wirehouse broker, even though I live in an affluent zip code.



Mar 23, 2009 12:51 pm

Recently a Jones guy knocked on my door - but I wasn't home.  My wife politely informed him that I am 'in the business,' so he was nice enough to leave his card incase I want to switch firms...

Mar 23, 2009 4:33 pm

And did you take him up on it?

 
The guy leaving behind a flyer on CAIBX or some such fund is a little strange.  I've been a day or two behind a new guy who leaves his cards stuck in the door (I take them off), but never a one page sheet on some fund.  Just out of curiosity, what fund was it. 
 
If the guy keeps good notes on his doorknocking, he'd appreciate knowing he doesn't need to ring that doorbell again.  Throw him a bone and shoot him an email letting him know not to waste  his time at your door anymore.  If he comes by again just figure he knows, but your wife is hot and friendly and he needs a nice break from the grumpy old guys.  There's nothing like having a 20 something chick answer the door in her...well, you can figure it out. 
 
Mar 23, 2009 5:04 pm
Spaceman Spiff:

And did you take him up on it?

 
I assume this is for me.  No, rather I ran him through brokercheck to see what dirt there is, and how long he has been in the business.
 
I told my wife if anything like that happens again, to just inform them that I am a hedge fund guru and only live in that shack to keep close to 'the people.'
 
It was an ego booster though.  Not only did I get considered as a prospect by EJ, but I have also started receiving Valpak mailings.  I'm moving on up.
Mar 24, 2009 12:01 pm

Not to throw a wet blanket on your ego boost party, sorry couldn't resist,  but you got considered as a prospect because your wife was home.  And the Valpak thing had nothing to do with EDJ or the FA who doorknocked you. 

 
Did you find anything on brokercheck? 
Mar 24, 2009 1:11 pm

Valpak has, from my understanding, a market research process that directs advertisements to households that most likely will use the products.  So typically, they aren't delivered to any old place.  So I recieve mailings from Valpak, and a door knock from EJ...coincidence...I think not.

 
I've made it.
 
Mar 24, 2009 1:12 pm
Spaceman Spiff:

Not to throw a wet blanket on your ego boost party, sorry couldn't resist,  but you got considered as a prospect because your wife was home.  And the Valpak thing had nothing to do with EDJ or the FA who doorknocked you. 

 
Did you find anything on brokercheck? 
 
No, his record was clean.  Very boring.