Jones to RIA

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Apr 21, 2016 9:47 pm

Hello all,
First and foremost I have to give this forum kudos, it has helped me in many way and I have been reading constantly since entering the industry. I joined edward jones over a year and a half ago and did okay my first year. I was not given any assets in a goodnight, and a little over a year from my can sell date have right around 9 million in auc. I have read on this forum some great opinions about jones, and I have read how some advisors feel otherwise. IMO jones has done nothing wrong to me, has been very passive in there supervisory of me. They brought me on, trained me, and i feel much loyalty to them for that. With that said I have another place looking at me, and offering me an opportunity as a RIA. they will give me a base salary, much better than jones, pay for office space, and a higher payout (60 percent ). My main reason for liking the RIA opportunity is that it will make it much easier to manage clients account with an asset based fee that isn't limited to certain fund, and much more open to other investment vehicles inside the asset based fee account. I cannot do this to its extent at jones I also will be set up with a co a that will profit share on the asset fee (not coming from my portion). The cap firm is fairly large, I met them and the partners are great looking forward to referring business. What would you guys do in my scenario?