Just hired at EJ but should I consider RJ

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Oct 5, 2005 10:40 am

Hi.  I've recently been hired at EdwardJones (you may have seen my post) but after a lot of reading on these boards and the net, I'm wondering if RJ would be a better choice.  I have some questions for those of you who know.


In checking out the RJ website for trainees, I see they have lots of training locations in Florida and other states.  If you choose one, say, in Florida, is that the area where you will work after training as well?  My family is willing to relocate, especially to Florida. 


What kind of office would I be working in after training?  I can obviously see that it is a different model than the one rep office of EJ.  Would it be in a large office with a lot of reps?


Not that it would be a huge factor in deciding, but what kind of training pay does RJ offer?


I will be signing some paperwork with EJ soon but will not be starting training for a while.  Is it still a possibility to try with Raymond James in the meanwhile?  Will it look good to RJ that I've been hired with Jones? 


Lastly, what is the hiring process like at Raymond James?  Is it best to fill out the form on their training page?  I am a career changer and have a mathematics degree but no financial advisor experience.  Is RJ more selective than Jones?  And is it harder/easier/similar to succeed with RJ as Jones?


I definately think I can make it in this business and haven't ruled EdJones out.  I just don't want to make a decision that I will regret later.


Thanks!



Oct 5, 2005 10:50 am

Try to get in with RJ if you can.  The absence of a real platform at Jones is just something I can't comprehend.

Oct 5, 2005 12:11 pm

EDJ is a great place to learn the biz.  But, after about 5 yrs, you may decide that indy is a better way to go, not only for you but also you clients.


Just my 2 cents.

Oct 5, 2005 12:44 pm

The prospecting at EDJ is basically Cold Walking.  Knocking on doors.  Do you want to do that?  Then, you basically do transactional business.  You have no real opportunity to build a fee based business and collect management fees monthly.


So what do you want to do?


For someone starting out, I would STAY where I had the most contacts and where people knew me.


My office at RJ is beautiful.  I have a support staff here and at the home office.  Pay around $3,000 per month but that varies.  Bonuses and payout of 10%.  Call your local RJ office.