Good EDJ Story

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Jul 20, 2007 1:19 pm

Let me first say that I am not an EDJ hater. I am a rookie so my opinion is worthless regarding them or any other firm for that matter. That being said the local EDJ rep strolled into my mother in law's store yesterday. They were casually talking and the subject of me pursuing the career of FA came up. My mother in law mentioned I was working at one of the wirehouses and the EDJ rep replied that when I get some more experience I should check them out, but then cautioned my mother in law that "EDJ is about as difficult as Harvard to get into and that they only hire the best". I am not knocking them in any way but do they actually tell you this stuff and you believe it or is this something that this FA thought of on their own? Sounds like they just finished a Big Gulp of kool aid.

Jul 20, 2007 1:26 pm

Wow.  The curriculum is bit tough, between figuring out how to miss breakpoints and justifying paying surrender charges to ALL clients.  Also, the only product they know is American Funds.  But as tough as Harvard?!?!  It's not good to lie to prospects on the 1st meeting. 

Jul 20, 2007 2:33 pm

There is a limited number of people willing to become door to door salesmen, and of that pool, a limited number who are groomed and can put together a sentence.  So, yes, it can be spun that it is hard to get in.

Jul 20, 2007 2:36 pm

All edj reps are phd's...Pig headed doorknockers...

Jul 20, 2007 2:43 pm
Edward Pwns:

There is a limited number of people willing to become door to door salesmen, and of that pool, a limited number who are groomed and can put together a sentence.  So, yes, it can be spun that it is hard to get in.



You're just as f'd as the rest of them.  You are brainwashed.  "It can be spun that it is hard to get in".????  It can be said it is hard to be successful in this business, not hard to to get into Jones.  There is a reason so many bail from Jones.  Stop denying yourself from better opportunities.

Jul 20, 2007 2:54 pm

I think pawns was agreeing with you...by being sarcastic.

Jul 20, 2007 2:59 pm

Oh gotcha...my bad.  I can't multi-task on no sleep.........

Jul 20, 2007 3:37 pm

Lol, don't be so hard on me, snaggletooth.  Most of the hires I've seen were truck drivers, waiters, a/c repairmen, and car salesmen.  Most of them are good people and personable.


I'll never forget the guy who did my hiring interview.  Shows up late for the meeting in a BMW 7.  I see him a year later at a regional and he's driving a Hyundai.  I was like, "where's the 7?  Oh that was just for show, hahahaha." 


Oh and bspearsfan, just for you, "If you've got some money available, I think you should buy some today."

Jul 20, 2007 3:49 pm
snaggletooth:

Wow.  The curriculum is bit tough, between figuring out how to miss breakpoints and justifying paying surrender charges to ALL clients.  Also, the only product they know is American Funds.  But as tough as Harvard?!?!  It's not good to lie to prospects on the 1st meeting. 


I'd agree that the Harvard statement is a bit bold. 


snaggletooth what are you smoking?  Most Jones brokers go out of their way to hit breakpoints not miss them.  If we wanted to miss breakpoints we'd sell a lot more B shares like they do at Amex or AGE.  Tell me what surrender charges ALL of our clients pay.  I've seen dozens of life insurance cases and annuity contracts that I've had to pass on because of the surrender charges.  Compliance has an issue with clients losing any money to get out of something.  Those are the kind of statements that make me think you don't know any Jones FAs, you just read about them here.     

Jul 20, 2007 3:57 pm
Spaceman Spiff:
snaggletooth:

Wow.  The curriculum is bit tough, between figuring out how to miss breakpoints and justifying paying surrender charges to ALL clients.  Also, the only product they know is American Funds.  But as tough as Harvard?!?!  It's not good to lie to prospects on the 1st meeting. 


I'd agree that the Harvard statement is a bit bold. 


snaggletooth what are you smoking?  Most Jones brokers go out of their way to hit breakpoints not miss them.  If we wanted to miss breakpoints we'd sell a lot more B shares like they do at Amex or AGE.  Tell me what surrender charges ALL of our clients pay.  I've seen dozens of life insurance cases and annuity contracts that I've had to pass on because of the surrender charges.  Compliance has an issue with clients losing any money to get out of something.  Those are the kind of statements that make me think you don't know any Jones FAs, you just read about them here.     



Kudos to you Spaceman Stiffdick.  Actually one of my favorite broker buddies I used to work with at Mothership Merrill started at Jones.  He is a great guy.  Of course I made sweeping generalizations, but next time I'll check with you before I post to ensure I don't offend YOU. 


Jul 20, 2007 4:02 pm
Edward Pwns:

Lol, don't be so hard on me, snaggletooth.  Most of the hires I've seen were truck drivers, waiters, a/c repairmen, and car salesmen.  Most of them are good people and personable.


I'll never forget the guy who did my hiring interview.  Shows up late for the meeting in a BMW 7.  I see him a year later at a regional and he's driving a Hyundai.  I was like, "where's the 7?  Oh that was just for show, hahahaha." 


Oh and bspearsfan, just for you, "If you've got some money available, I think you should buy some today."



I'm sorry pawn, sometimes my tooth gives me a huge inferiority complex.  It makes me look like a rat gnawing on a slice of cheese.


The story about the guy's Beemer was great.  Don't tell mama, the repo man, he is a comin'!

Jul 20, 2007 4:07 pm

Oh no, no, no....I got creative and used..."If you have the funds available, I believe you should act today.  Should I place the order for 50 or 100,000?  (don't say anything here...they will say yes, no or just hangup.  Alot would just hangup) Maam, since you've asked two questions (1 why are you calling me, 2 Do I know you?) I believe we should sit down and review this great investment.  Will 10 on Tuesday or 3 on Thursday work? Actually, before you answer, I have to drop some paperwork off in your area, can I just stop by in 2minutes?  Oh, you live on a rural farm, with noone for miles, well its close to your area. I can be there in a few minutes, I'd hate for you to lose out on this guaranteed mutual fund. They usually hang up and call police.  I put my notes in and moved to the next call.  I loved that place!!

Jul 20, 2007 4:29 pm
snaggletooth:
Spaceman Spiff:
snaggletooth:

Wow.  The curriculum is bit tough, between figuring out how to miss breakpoints and justifying paying surrender charges to ALL clients.  Also, the only product they know is American Funds.  But as tough as Harvard?!?!  It's not good to lie to prospects on the 1st meeting. 


I'd agree that the Harvard statement is a bit bold. 


snaggletooth what are you smoking?  Most Jones brokers go out of their way to hit breakpoints not miss them.  If we wanted to miss breakpoints we'd sell a lot more B shares like they do at Amex or AGE.  Tell me what surrender charges ALL of our clients pay.  I've seen dozens of life insurance cases and annuity contracts that I've had to pass on because of the surrender charges.  Compliance has an issue with clients losing any money to get out of something.  Those are the kind of statements that make me think you don't know any Jones FAs, you just read about them here.     



Kudos to you Spaceman Stiffdick.  Actually one of my favorite broker buddies I used to work with at Mothership Merrill started at Jones.  He is a great guy.  Of course I made sweeping generalizations, but next time I'll check with you before I post to ensure I don't offend YOU. 




Thanks, I'd appreciate it.

Jul 20, 2007 4:55 pm

Contrare' my good buddy.  THe breakpoint avoidance program was taught far and wide in my region.  Do you associate with others in your region, other than hanging with your buds from home office? (They don't count)  Now that I reflect on a lot of your comments, other than wanting to be GP, you probably were part of the work avoidance group sitting in St Louis waiting for a big office to come open...were you not?  I want to also thank you and your company for the 622k transfer today, I owe you one. Make it a great day and weekend.

Jul 20, 2007 4:59 pm
bspears:

Contrare' my good buddy.  THe breakpoint avoidance program was taught far and wide in my region.  Do you associate with others in your region, other than hanging with your buds from home office? (They don't count)  Now that I reflect on a lot of your comments, other than wanting to be GP, you probably were part of the work avoidance group sitting in St Louis waiting for a big office to come open...were you not?  I want to also thank you and your company for the 622k transfer today, I owe you one. Make it a great day and weekend.


Nice work Britney Spears.  It's always good to bring an amount like that in.  What, besides you of course, was their reason for moving?

Jul 20, 2007 5:04 pm

Would there need to be any other reason.  You probably don't know my story, but 5yrs at Jones, left first of the year for LPL and just casually bringing over my old book, 1 acct at a time.  I enjoy hammering spiffy whenever possible...see, I'm bitter and I hate the network marketing firm of EDJ.

Jul 20, 2007 5:08 pm
bspears:

Would there need to be any other reason.  You probably don't know my story, but 5yrs at Jones, left first of the year for LPL and just casually bringing over my old book, 1 acct at a time.  I enjoy hammering spiffy whenever possible...see, I'm bitter and I hate the network marketing firm of EDJ.


Well good for you.


After watching Napoleon Dynamite, I offer all EDJ prospects a Boondoggle Keychain.  It seems to be enough to get them to transfer.  I have one ACAT in hand too. 

Jul 20, 2007 5:29 pm
snaggletooth:
bspears:

Would there need to be any other reason.  You probably don't know my story, but 5yrs at Jones, left first of the year for LPL and just casually bringing over my old book, 1 acct at a time.  I enjoy hammering spiffy whenever possible...see, I'm bitter and I hate the network marketing firm of EDJ.


Well good for you.


After watching Napoleon Dynamite, I offer all EDJ prospects a Boondoggle Keychain.  It seems to be enough to get them to transfer.  I have one ACAT in hand too. 



Can you send me a boondoggle keychain, mine broke when I keyed the word's car.

Jul 20, 2007 5:32 pm
pretzelhead:
snaggletooth:
bspears:

Would there need to be any other reason.  You probably don't know my story, but 5yrs at Jones, left first of the year for LPL and just casually bringing over my old book, 1 acct at a time.  I enjoy hammering spiffy whenever possible...see, I'm bitter and I hate the network marketing firm of EDJ.


Well good for you.


After watching Napoleon Dynamite, I offer all EDJ prospects a Boondoggle Keychain.  It seems to be enough to get them to transfer.  I have one ACAT in hand too. 



Can you send me a boondoggle keychain, mine broke when I keyed the word's car.



Sure thing, I'll send it out today.  Would you like a portrait by Deb as well?

Jul 20, 2007 5:37 pm

No, just the keychain.