Any edward jones financial advisors in the house?

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Mar 13, 2009 1:16 am

I am currently in the recruiting process with EJ and I don't know what to expect. They're talking about providing me with training for 11 months and helping me to open up my own office in my area.  I know starting up my own business will be hard.  I need to know if anyone is familiar with their program

Mar 13, 2009 9:46 pm

Use the search function for a variety of topics on Jones. You'll find plenty. 
Good luck!

Mar 19, 2009 1:36 am

It's not your own business...at all.

Mar 19, 2009 9:01 am

your best bet would be to read the six-billion posts about jones and the hiring process.  As for our Punkrawk friend, he's not all wrong.  Its not entirely your business.  If it were, I'd have gone bankrupt my first year trying to cover the costs of getting up and running/training/office buildout.  Thank got its not entirely "my own business" or I never could have done this in the first place

Mar 19, 2009 9:07 am

*God

not got.
 
duh
Mar 19, 2009 3:05 pm

Initial training is for about 4 months. First 2 are spent getting licensed. Next 2 are spent in classroom or in the field with a "field trainer" learning the "nuts and bolts". You'll be paid a nominal hourly wage for training. After that you start looking for potential clients. And by that I mean going door-to-door...in case you aren't familiar with the Jones model. You will earn a rather small initial salary (plus commissions) that goes down every quarter until it's gone after one year at which point you'll be straight commission. After about a year...if you're meeting your employer's expectations (i.e. sales quota)...they'll build you your very own office and hire your very own assistant. That's provided an existing office doesn't open up (meaning the former FA is out for whatever reason), in which case you may inherit that office. If not...you'll be working out of your home until you qualify for your own office unless you are invited to an office sharing program (aka Goodknight or Legacy programs). In the end, you will be a commission-based employee of Edward Jones, not a business owner. You will be given a certain level of autonomy to manage your business, but you will have to answer to "Da Man" for your results.



That's probably about as dry a version of the story as you can get. I encourage you to search these forums and ask as many different people the questions you'll have. That way you can try to get info from different angles and not a one-sided opinion.
 
FYI...this is just my understanding of the process as I'm still in training with Jones. Some of the more experienced advisors may be able to correct any areas where I'm mistaken. 
Mar 19, 2009 4:02 pm

Dry, but very well said.

 
If only this were on the application.


Mar 20, 2009 9:44 am

First - you will not own your own business as someone said.

Second - it will be EXTREMELY hard - that's why you get paid the big bucks. Jones is a tough model. These guys on here who have made it, while kool-aid drinkers, are survivors - you must be a survivor and extremely self-motivated at Jones.

Third - Listen to Fud - his summary was about right without getting opinionated.

Fourth - Expect months where you say, "Why the hell did I do this?"

Fifth - Make sure you document EVERYTHING you do. Jones needs documentation in case you screw up so they can cover your a$$.



That should cover it.

Mar 20, 2009 6:48 pm

Moraen,

As usual you are such an idiotic @ss.  Jones is not a "tough model".  Everyone on this forum (except you) will say that Jones has the LOWEST requirements of any wirehouse.  Starting salary, paid assistant, paid rent, etc.  How the hell is that a "Tough Model"?  Is the job tough?  Hell yes.  Is the industry tough?  Hell yes.  Are the times tough?  Absolutely hell yes.
 
I think any advisor at any firm thinks you must "be a survivor and extremely self-motivated ".  Go spread your vile hate somewhere else.  Your childish lies are getting old.  This is supposed to be a profession for mature adults.
Mar 21, 2009 1:21 am

Wow - I believe I just gave a compliment to Jones and you got pretty upset.  Sorry you suck.  Self-motivation is tough.  No one to keep you accountable is tough. 

 
None of what I said was hate (except maybe the kool-aid drinking part).  Maybe you ought to actually try to comprehend what you are reading rather than just scanning.
 
Thanks for playing.
Mar 21, 2009 10:30 am

I've given Moraen a lot of crap on this forum about his attitude, but I've got his back on this one. I expect building a biz is going to be very difficult, I expect it to be challenging to keep myself highly motivated and self-accountable without much supervision, I KNOW there will be days when I question my choice of career, and I suspect there will even be days when I wonder what the hell I just drank. I also expect my feet to hurt like a sumbitch, my clothes to smell like sweat, my shirts to be pit-stained, my forehead to turn in to leather from repeated sunburn, mild to severe cases of frostbite, possible dog bites, shin splints, heel spurs, knee pain, back pain, and a million other small disgraces. I expect when I need a kick in the ass, I'll have to look in the mirror; when I need a cheerleader to pump me up, I'll have to look in the mirror; but when my little blue dot falls below the line...I won't have to look in the mirror, I'll have to answer the phone...cuz 'da S.T.L. be a-callin' fo' sho.

 
 
 
Mar 21, 2009 11:03 pm
Fud Box:

I've given Moraen a lot of crap on this forum about his attitude, but I've got his back on this one. I expect building a biz is going to be very difficult, I expect it to be challenging to keep myself highly motivated and self-accountable without much supervision, I KNOW there will be days when I question my choice of career, and I suspect there will even be days when I wonder what the hell I just drank. I also expect my feet to hurt like a sumbitch, my clothes to smell like sweat, my shirts to be pit-stained, my forehead to turn in to leather from repeated sunburn, mild to severe cases of frostbite, possible dog bites, shin splints, heel spurs, knee pain, back pain, and a million other small disgraces. I expect when I need a kick in the ass, I'll have to look in the mirror; when I need a cheerleader to pump me up, I'll have to look in the mirror; but when my little blue dot falls below the line...I won't have to look in the mirror, I'll have to answer the phone...cuz 'da S.T.L. be a-callin' fo' sho.

 
 
 
 
Hilarious Fud!  Just please don't be one of those people that wears the dog bite as a badge of honor!
Mar 21, 2009 11:13 pm

Ah yes, the dog bite...had to go get a teta*** shot after that one!

Mar 23, 2009 10:59 am

Badge of honor? Riiiiiiiggggght!

 
I love dogs...got three of 'em. Any dog bites at me and I'll show 'em whose the alpha! Then I'll sue the owner for medical expenses and mending my suit.
 
What is it with this site? You can't write teta*** now? How about tet A N U S??