Selection- EJ vs others

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Apr 23, 2008 5:43 am

Three offers on the table.. but I suppose I am leaning to EJ .. any advice??

 
 
PS .......  I don't drink Kool Aid..........
Apr 23, 2008 9:38 am

Where are you located? (urban/suburban/rural, north/south/east/west).  There are a lot of considerations other than "what firm should I join?".  Do you have a natuarl market of wealthy individuals.  Are you in a wealthy area, or more blue-collar area.

 
I have a friend that works for Jones out in Michigan.  He used to work for UBS.  His focus was (and is) primarily a blue-collar area.  He worked for UBS about 8 years, did fairly well, but was continually getting pressure to swim upstream with his client base.  He finally got sick of it and moved over to Jones, and now he is smoking (went from about 400K to 800K in just a few years).  He said it was the best decision of his life.  BUT, not all situations are like this.   More often, it's the other way around; the advisor is trying to swim upstream and Jones is holding them back (not intentionally, but based on our structure), so going wire or indy makes sense.
 
So, think about your area, the type of client you will most likely encounter, and what you need and want from your B/D.
Apr 23, 2008 10:10 am
btomba:

Three offers on the table.. but I suppose I am leaning to EJ .. any advice??


Yup.  Based on the information provided, I would say definitely choose the best offer. 

Apr 23, 2008 11:59 am
"PS .......  I don't drink Kool Aid.........."
 
In the beginning of your career, this may hurt you.   Swallowing the firm's kool aid at your chosen firm will help you to succeed. 
Apr 23, 2008 4:52 pm

In that case I am converted and will drink the Kool Aid ... cause I want success ...I will work my nuts off

 
I like the EJ business model, their processes and the potential freedom it gives .... own boss etc
Apr 24, 2008 8:39 am

Anon is right.  Whatever company you start out with, you have to go in with a relentlessly positive attitude and milk that company for all its got.  Jones' training is spoken highly of by MOST advisors.  You're there to learn how to build a book.  Thats it.

Apr 24, 2008 11:00 pm

This is true-- newbies should therefore NOT read this forum or post. Waste of energy, time, but especially the Jones Negatrons could infect the newbie brain that needs to remain blissfully ignorant of any Jones "issues" and ready to knock, knock, knock...

Apr 24, 2008 11:48 pm

I am a wood pecker! I knock like he best of them! hehe