Calling all Jones FAs

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Nov 14, 2010 8:14 pm
I'm a now a recruiter, before you bash me please read my entire post.  I have followed this forum since 2002.  I have seen the many names who have come and gone.I am a former EJ home office employee who was terminated while on FMLA leave (yes they can and yes they did before you respond).I'm pissed, I'm mad, I want revenge.  The best way to hurt Jones is to take $$ out of the greedy GPs pocket (I was on the fence about this, but now completely agree, they are all about the $$) they cxl'd my family's benefits 3 days after I was fired and did not even tell me.Like I said I am now a recruiter with national contacts all over the US, if you are unhappy with your current Jones situation, please send me a PM or contact me at    [email protected] Thanks,Again, I'm sorry for posting as a recruiter, but they have completely ruined my life.Ms. Jones, if you are still out there, send me a message.
Nov 14, 2010 8:19 pm

Good luck with your crusade against Jones.  I think they are a joke so I hope you find success!!

Nov 14, 2010 8:20 pm

Working with a bitter ex employee turned recruiter, sounds like that would be a great career choice for an FA looking to make a change. 

Nov 14, 2010 8:31 pm

LA, 

Let me know if I'm wrong, but that sounds like a slam against me.   I'm pretty sure that I have as much 3 or 4 times as much as experience as you (20+ yrs).  Not trying to start a war, but did not get the full understanding of your post.

Nov 15, 2010 11:00 am

How about you post your name and number and I'll give you a call.  Let's see if you actually have a set of balls.  I would never deal with a recruiter that wants to hide in the shadows.

Nov 15, 2010 11:17 am

There's always more to the story than what we read here.  If you feel you were wrongly terminated, why not go after Jones in court?  Jones doesn't legally have the right to just terminate your employment if you're on FMLA.  There are state and federal guidelines that prohibit it.  I'm not an HR guy, obviously, but I would think there would have to be some sort of cause for them to terminate you.  I think it's also standard practice to terminate your benefits once you are gone.  I believe you have the ability to get on COBRA for a certain amount of time.  Didn't they offer that?  I realize you probably won't because it might negate your anonymity here, but how about you tell us the situtation before you come on here with a post like that?  Build some credibilty before you start your crusade against Jones. 

Revenge?  Really?  How long are you going to keep that up?  That's a horrible reason to go to work everyday.    

I agree with LA - even if I was looking to make a change, I sure as heck wouldn't align myself with someone that displays that kind of attitude.  Didn't your mom ever tell you that you catch more flies with honey than vinegar? 

Nov 15, 2010 12:09 pm

More experience???  Making 30K a year in the Jones back office is not the same experience we get in the field.  The point I was making is that you can't post on here dragging in your baggage and hoping to be taken seriously.  If I am going to work with a recruiter I want that person working with me and making the best decision for my career, not for personal revenge a against a firm they had a bad experience with.  If you can't figure that out maybe your 20 plus years experience was in the mail room. 

Nov 15, 2010 1:06 pm

Wow. 

Boycott, here's a thought:  If you are old enough to have a family and children perhaps now is a good time to be mature enough to not base your actions on fleeting and empty things like revenge, or have your value statement be: "I didn't bother speaking with an attorney, and I hate EJ more than any other, but I will surely be OBJECTIVE and UNNBIASED in assisting you in finding the right firm by providing DUE DILIGENCE, keeping you from making RASH DECISIONS based on your objectives not MINE."

I'm not an EJ guy, but from what I hear they'd have to be drinking something stronger than St. Louis cool-aid to give you their contact info. 

Whatever the case may be, it's pretty obvious your home office "experience" isn't ready for the public. 

Think of your family and where you go from here.  Don't waste any more of your time with this.  Your family and individual purpose should mean much more than this.

Nov 15, 2010 1:06 pm

Wow. 

Boycott, here's a thought:  If you are old enough to have a family and children perhaps now is a good time to be mature enough to not base your actions on fleeting and empty things like revenge, or have your value statement be: "I didn't bother speaking with an attorney, and I hate EJ more than any other, but I will surely be OBJECTIVE and UNNBIASED in assisting you in finding the right firm by providing DUE DILIGENCE, keeping you from making RASH DECISIONS based on your objectives not MINE."

I'm not an EJ guy, but from what I hear they'd have to be drinking something stronger than St. Louis cool-aid to give you their contact info. 

Whatever the case may be, it's pretty obvious your home office "experience" isn't ready for the public. 

Think of your family and where you go from here.  Don't waste any more of your time with this.  Your family and individual purpose should mean much more than this.

Nov 15, 2010 1:09 pm

What is that they say in business, " don't get mad, get even".

Nov 15, 2010 4:16 pm

this was a dupe post...my bad

Nov 15, 2010 3:30 pm

I knew this would be rough.

Super: send me a message and i will give you my cell number, i will give you all the details and then see what you think

Spiff: your right I can't reveal, I have a pending arbitration.  If you don't remember, you signed an arbitration agreement, you can't sue them in court, it has to go through a FINRA proceeding.  They did send me COBRA paperwork, two weeks after the fact.  The only reason I found out they cut off my benefits was my kid went to the ER (stitches, nothing serious) and they said I did not have insurance.  Just so you know, if you are a FA or GP your benefits term the last day of the month, if you are a boa or home office associate your benefits term the following Saturday.  Why is your life or family's life more important than mine?   Revenge?  Really?  Yeah, I guess your right, bad choice of words on my part, but you have no clue what Jones has done to me (again, send me a message and I will give you the details).

LA: I didn't make 30 grand or work in the mail room and yes I have way more experience than you, not only in brokerage sales but in the entire brokerage industry.  My only point was, what is wrong with contacting EJ brokers and showing them the other side of the fence, regardless of my motivation?  It could be right for some, but not for all.  If i have an opportunity to present a FA/candidate who can excel in a different environment, what is wrong with that?

Young: I have been recruiting for 36 months, the Jones crusade is above and beyond my current workload, I'm doing this on my own.  If  i target Jones brokers and put them in the right situation, how is this not unbiased and objective?  Where they chose to go is their decision, I only offer them the many different options of firms depending on their wants, needs, production level, tenure, and product mix.  How do my emotions interfere, except giving the option to leave Jones?  How many calls have you received from a recruiter this month or last?

Nov 15, 2010 4:11 pm

Boycott, I'm sorry to hear what you went through. I went through a rough spell like that not too long ago, and it can consume you. Might be best to hold off venting though, until your arbitration is over. Not tough to figure out who you are I'm guessing, and I'd bet a decent sum that higher ups at Ed Jones are monitoring this site on a regular basis.

Boycott, folks don't know your situation, what that feels like, unless it's happened to you. Hope you find some peace with it.

Nov 15, 2010 7:22 pm

Seriously, use your experience, position and emotion to be the best recruiter in the world. I have done such work, there is a lot of freedom but you have to put in your time, you can make a lot of money without the BS we endure.

Nov 15, 2010 6:51 pm

I agree with the others about being too obvious of who you are to EJ attys on here especially with a pending case. You should edit your posts and start over.

Nov 15, 2010 8:10 pm

I am a new new at EJ, I am in my mid 20's.  Been out selling for about a year and half.  Built it up enough to open my own office within a year and truely enjoy what I do.  However, it's been a struggle financially.  My wife is in her first year of dental school and I am not exactly bringin home a whole lot of bacon.  It would be tough to leave what I have worked pretty hard to build, but I need more financial stability or else it's going to be a very rough next few years while I try and build up my AUM.  In the long run my family should be pretty well off with the wifey being a dentist.  What are my options, I've been told working at a bank sucks, but provides a little more financial stability with a base salary.  Also, am I pretty much f'd with Jones 75k "training" charge since my can sell is less than 3 years out?

I am also pretty concerned about the 1 and a million chance it seems like new news have to make it in the long run.  I know this can be a hot topic, but regardless of what anyone says it's a hell of a lot easier when you get assets vs being new new. 

Thanks in advance

Nov 16, 2010 8:59 am

Wow, NewNew ,, you really have a knack for the obvious.  You see those long hours your wife is putting into her career?  Do the same and keep your head down.  In a year and a half figure out if you want to stay with Jones.  You'll have plenty of options then and no worries of the training contract.

Nov 16, 2010 11:04 am

[quote=N.D.]

I agree with the others about being too obvious of who you are to EJ attys on here especially with a pending case. You should edit your posts and start over.

[/quote]

This is the best advice on here!  Do it now!

Nov 16, 2010 12:32 pm

NewNew...

The post you just wrote. I'm curious, did you just ignore some of that when you got hired, or did you not realize what was coming your way? There is soo much of what you describe in our industry, folks that if better educated/prepared/honest with themselves, would never have bothered getting into this business.

I've covered many sides of this business, now I'm Indy. The first 7 years or so, were BRUTAL. The bank side was pretty good, both banks were good to employees, and the latter was very flexible in product and quite professional. Unfortunately for you, most bank programs today are either a bit of a mess, or they've gone mickey mouse on product and services.

Realistically, you need to stay put, work harder, and quit thinking about "something else". Plan b thinking, is usually the road to ruin of plan a.

Nov 16, 2010 2:09 pm

Wow CaptainObvious, you really have knack for stating the obvious. I already know staying put is an option..

I was looking for what my other options are?  Like if it's realistic that a bank would hire me, or something along those lines of advice.  I know I can I stay at Jones, and try and survive the up and down cycle of good month, crap month, good month, crap... but unfortantly I have a mortgage (bought house when i was making decent income from my last job) and no income from my wife. 

And it sure seems like no one here, and no one in my region gives New/News much of a chance making it passed their first couple years.  So should I "put my head down and grind it for another year and half" and pray I can stay focused and get lucky enough to make it, or do at least try and find out if there are any other options.  I am pretty sure I could make it, but security is what I am looking for right now.  Not a gamble..  I know my options are limited at best, but I am open to others thoughts.    Thanks.