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Dec 12, 2007 8:24 pm

If you make a 9,000 gross commission at Edward Jones and they take 60% ($5,400) that is grand theft, they take 10% ($900) that is a misdemeanor!  So if you like being ripped off, stay where you are at.  To quote famous BS person, You can't cure STUPID!  But you can make them a LP!

Dec 12, 2007 8:51 pm

I’m not sure I would call anyone who makes a choice to give up 60%+ to their company stupid…hmmm how about NUTS!!!

Dec 12, 2007 10:14 pm

MISS JONES!  You need to clear your private messager of old messages so people can respond to you–you can only have 70!

Dec 12, 2007 10:42 pm

I’m hurt,I thought I was the only one she PM’d.  WHY MISS JONES, WHY? SHE’S BEEN TOUCHED MORE THAN 70 TIMES???

Dec 12, 2007 10:53 pm

I’ve been touch a lot too!  Just all my ex-wives.  The checks are on the way–Merry Xmas!

Dec 13, 2007 1:12 am

Sorry.

People averaging $40k a month are not on these boards every day.

The average at Jones is just over $200K and the average Independent is just under $200K GCD per annum (LPL has a $125k floor).  Jones tends to have two or four IRs in every region who top 500K. I know a couple of them and they spend their days with accountants, lawyers and clients (or on the golf course with same).

By the way, nothing wrong with $200K GCD a year, probably one of the best things about Jones. You can make a really good living and not work too hard. But everybody here seems to be hinting that $30-$40k months are something they do regularly.

Dec 13, 2007 2:49 pm
bspears:

I’m hurt,I thought I was the only one she PM’d.  WHY MISS JONES, WHY? SHE’S BEEN TOUCHED MORE THAN 70 TIMES???

  Ha Ha Ha.. Cute..   I have cleared out many from my incoming box. I wasn't aware that I had that many.. Spears- Many of my 70 touches were second time offenders. (Maybe that will make you feel better- my number of violators is much, much lower) I don't message around.. I am a good girl!  Your still special to me!   Miss J
Dec 13, 2007 2:55 pm

[quote=Roadhard]

If you make a 9,000 gross commission at Edward Jones and they take 60% ($5,400) that is grand theft, they take 10% ($900) that is a misdemeanor!  So if you like being ripped off, stay where you are at.  To quote famous BS person, You can’t cure STUPID!  But you can make them a LP!

[/quote]

And what do you call it when you keep 100%?

An RIA.

But to be fair with these comparisons you have to acknowledge what precisely one gets in exchange for the 60% or 10% (or whatever) cut a b/d’er takes.  The bigger the production, the more the financials favor some form of independence.  Still, some people prefer the comfort of the known even at a cost, while others prefer a more entrepreneurial life.  That doesn’t necessarily mean one choice is stupid, even if it might seem that way to our way of thinking.

Thank goodness there are choices available. 
Dec 13, 2007 7:32 pm

Thanks Miss Jones.  I will keep my tagline.  If anyone sees my name on the steroids list, I completely deny it…

Dec 13, 2007 10:00 pm
bspears:

I’m not sure I would call anyone who makes a choice to give up 60%+ to their company stupid…hmmm how about NUTS!!!

  So, do you put yourself in that camp?  Cause at one time didn't you make that decision? 
Dec 14, 2007 2:54 pm

I know, I know…I was nuts for about 5 years…now I’m not nuts and not on steroids.

Dec 14, 2007 3:00 pm

No BS, I’m worst, I did 15 years before I came out of the coma!