Attention Jones Employees

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Jul 12, 2006 10:58 am

This just in....Wendle just ordered email for every office to be completed by the end of 2045!

Jul 12, 2006 1:31 pm
jonesescapee:

This just in....Weddle just ordered email for every office to be completed by the end of August!



Fixed your post

Jul 12, 2006 2:24 pm
Maxstud:

[quote=jonesescapee]This just in....Weddle just ordered email for every office to be completed by the end of August 2045!



Fixed your post
 

Jul 12, 2006 2:39 pm

jonesescapee


NEWS FLASH  -  dumb ass.  All independents sued for actaully believing they are worth 2% in mgmt fees.    Keep on believing!

Jul 12, 2006 3:00 pm
success:

jonesescapee


NEWS FLASH  -  dumb ass.  All independents sued for actaully believing they are worth 2% in mgmt fees.    Keep on believing!



It's likely closer to 1%.  Besides, it's not what he thinks he's worth, it's what his clients think he's worth!

Jul 12, 2006 3:17 pm
success:

jonesescapee


NEWS FLASH  -  dumb ass.  All independents sued for actaully believing they are worth 2% in mgmt fees.    Keep on believing!



suckcess


it's what the industry does......well...except for Jones. But then again Jones is not considered part of true financial industry. Keep pushing those 30 year 4% bonds.

Jul 12, 2006 3:51 pm

gone indy and jonesescappe,


your clients think what you tell them, thats why they are sitting in front of you.   I am glad I am not like the "industry".  tell me how an index annuity is good.  some in the "indsutry lilke it.

Jul 12, 2006 3:55 pm

SUCK


what is an index annuity?

Jul 12, 2006 4:41 pm

I like it when jones employees call other brokers "dumb ass".

Jul 12, 2006 4:57 pm

may dumb ass was too harsh.  I just hate it when people tal about jones as if they are  a horrible firm.  We're not.  We fit for some people.  If you want to make 200k yr, set your own hours and dont want to hassle with the all the stuff of owning your business, thats should be fine.  however, the average, not all, but the average broker going indep. does not have a huge book and is looking for a way to increase revenue w/o working anymore.  more payout ,less assets. 

Jul 12, 2006 5:08 pm

Is THAT what we did when we left Jones? *HIT.


You mean all the paperwork - account opening - transferring - marketing - branding - calling - paperwork - filing - transferring - speaking engagements we've just done for the last 9 months has been because we DONT want to work anymore?


Then I guess I'm taking the rest of the week off.

Jul 12, 2006 5:29 pm
success:

may dumb ass was too harsh.  I just hate it when people tal about jones as if they are  a horrible firm.  We're not.  We fit for some people.  If you want to make 200k yr, set your own hours and dont want to hassle with the all the stuff of owning your business, thats should be fine.  however, the average, not all, but the average broker going indep. does not have a huge book and is looking for a way to increase revenue w/o working anymore.  more payout ,less assets. 


Is a high school diploma required at Edward Jones?  Where did you hone your excellent writing skills?

Jul 12, 2006 5:58 pm

I was wondering the same thing Maybee...


That being said, I do wonder sometimes why certain people on this forum are so down on Jones.  We have a few Jones folks locally.  They have a niche.  Smaller accounts and rollovers.  I've noticed that the typical Jones customer is very loyal.  I assume they do an adequate job given what they have to work with. 


Would I work there?  Don't think so.




Jul 12, 2006 8:53 pm
success:

gone indy and jonesescappe,


your clients think what you tell them, thats why they are sitting in front of you.   I am glad I am not like the "industry".  tell me how an index annuity is good.  some in the "indsutry lilke it.



"My clients think what I tell them and that's why they are sitting in front of me?"  Suckcess, that's got to be the dumbest thing you have said in a long time.  How long have you been in this business?  I prefer to work with people that think for themselves, unlike those of you at Jones!

Jul 13, 2006 11:22 am
success:

may dumb ass was too harsh.  I just hate it when people tal about jones as if they are  a horrible firm.  We're not.  We fit for some people.  If you want to make 200k yr, set your own hours and dont want to hassle with the all the stuff of owning your business, thats should be fine.  however, the average, not all, but the average broker going indep. does not have a huge book and is looking for a way to increase revenue w/o working anymore.  more payout ,less assets. 

Suck


You sound pretty new to Jones. You are repeating everthing that the GP's told me and thousands of other employees(set your own hours , make 200k per year, not have the hassles of owning a biz etc.....) First off the average employee makes approx 100k. Second, indys set their own hours too and last you have just as many hassles as an owner. Someday maybe you will wake up and figure out that you are the GP's little [email protected]

Jul 13, 2006 11:41 am
success:

may dumb ass was too harsh.  I just hate it when people tal about jones as if they are  a horrible firm.  We're not.  We fit for some people.  If you want to make 200k yr, set your own hours and dont want to hassle with the all the stuff of owning your business, thats should be fine.  however, the average, not all, but the average broker going indep. does not have a huge book and is looking for a way to increase revenue w/o working anymore.  more payout ,less assets


This is funny.  Do the GP's actually have you convinced that it is better to work harder for less money?  That's some strong kool-aid in action folks. 


Whenever someone at a regional meeting said something especially stupid, my old regional leader used to tell them, " could you say that again for the young IR's...[then to the "young" ir's] you folks need to write this down."


Success, could you say that again...I think there are some new folks who need to write it down.

Jul 13, 2006 11:45 am
exdrone:
success:

may dumb ass was too harsh.  I just hate it when people tal about jones as if they are  a horrible firm.  We're not.  We fit for some people.  If you want to make 200k yr, set your own hours and dont want to hassle with the all the stuff of owning your business, thats should be fine.  however, the average, not all, but the average broker going indep. does not have a huge book and is looking for a way to increase revenue w/o working anymore.  more payout ,less assets


This is funny.  Do the GP's actually have you convinced that it is better to work harder for less money?  That's some strong kool-aid in action folks. 


Whenever someone at a regional meeting said something especially stupid, my old regional leader used to tell them, " could you say that again for the young IR's...[then to the "young" ir's] you folks need to write this down."



exdrone


I think I had the same RL as you did.

Jul 13, 2006 12:09 pm

exdrone, jonesescapee, unless we were all in the same region - it's the same speech the RL's are giving everywhere. That and when someone leaves Jones....


"He wasn't the kind of person who belonged here - but we retained the lion's share of the assets from THAT office."

Jul 13, 2006 1:07 pm

Success-Are you success1 reincarnated (Holder-GP)?


Jones is a good firm for individuals who have no money and would like an opportunity to get started in the financial services industry.  I know of a Jones IR that was donating blood plasma and living in his storage room in his Jones office because he wasn't making enough money.  Eight years later he is going on trips, making $8k/net a month and is thinking he might be able to go indy. 


Going Indy was scary because Jones does tell you that you will only keep 50-55% of your book.  Realistically I have been indy for 5 months and I have transferred 60% of my book and have another 10% committed.   The other 30% i don't think will come over.  By the one year mark I think I will be at $42 million.  About $10 million less than when I left Jones.  I will be making about 1% on that money so I will be making a hell of a lot more money with the same freedom I had at Jones.


My wife and I have made a list of our own Supertrips for the next 5 years and we will be taking one a year.  I will not be taxed and I won't have to deal with Maritz overcharging me.


Bottom Line__________More in my pocket after tax as a Business Owner than an Employee!

Jul 19, 2006 9:41 am
success:

may dumb ass was too harsh.  I just hate it when
people tal about jones as if they are  a horrible firm. 
We're not.  We fit for some people.  If you want to make 200k
yr, set your own hours and dont want to hassle with the all the stuff
of owning your business, thats should be fine.  however, the
average, not all, but the average broker going indep. does not have a
huge book and is looking for a way to increase revenue w/o working
anymore.  more payout ,less assets. 





Hmmm. the average acct size at Jones is $50k.  To do $200k in
income, you would probably need $50M in assets?  That's 1000
accounts.  Can you really service 1000 accounts the way someone
who is indy can (who can make $200k with half the assets)?



Jones has a niche.   Indy has a niche.  Let's stop fighting and get along!