Ej 10-k

or Register to post new content in the forum

44 RepliesJump to last post

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Apr 5, 2007 6:02 pm

http://www.hoovers.com/free/co/secoutline.xhtml?ID=40868&amp ;ipage=5071152


Check out how much the top three take home and what they are reponsible for.


  

Apr 5, 2007 6:08 pm

Also see the note at the bottom about 3mil Hill.  Would be in the top 3, but not required to be named because he's no longer an "executive".  He must be at least 8mil Hill now, with no responsibilities.

Apr 5, 2007 11:30 pm

Almost 50 million for the top five and I have to pay top dollar for health insurance. Pay for a meeting without a vendor for once in your lives.

Apr 6, 2007 12:26 am

Here are a couple recent headlines:


   "Merrill Lynch Co. recently disclosed that the total salary and bonus package for its chairman and CEO, E. Stanley O'Neal was $28.14 million last year"


    "John Mack, who replaced ousted Morgan Stanley chief Philip Purcell in June, pulled in more than $68 million, including $37.8 million in restricted stock and $30 million exercising stock options."


    "The proxy statement for Goldman Sachs Group Inc. (The) uses the old SEC executive compensation rules. In 2006, Lloyd C. Blankfein raked in $54,320,955 in total compensation."


I could list all the major executives in the financial industry, and almost all would be making more than at Jones.  Even Waddell & Reeds CEO made over 5 million last year. 

Apr 6, 2007 12:55 am

Wow, 50 mil.  You don't earn that by working off of 10% tips.  

Apr 6, 2007 1:35 am

COMPETITION:


"With minor exceptions, customers are free to transfer their business to competing organizations at any time. There is intense competition among firms for salespeople with good sales production records. In recent periods, the Partnership has experienced increasing efforts by competing firms to hire away its financial advisors."


This is copied directly from Jones' 10k.  They currently have 10,320 Financial Advisors.  I think the growth of 500 advisors in the past 5 years has come from Canada and the UK.  The US is described by the comment above.  Any Financial advisor in their right mind would not want to stay after reading that 10k.

Apr 6, 2007 1:55 am

"The Partnership derived 66% of its total revenue from sales and services related to mutual fund and annuity products in 2006 and 64% in 2005 with 30% of its total revenue in 2006 and 2005 being derived from one vendor"


Can you spell proprietary fund A-m-e-r-i-c-a-n.


 

Apr 6, 2007 1:55 am

Spike, soon they will  make every newbie sign a non compete for life. We know the reason they are stuck at 10 when they train 250 each month 10x's a year. NO newbies make it <2%. When what is acutually happening is that 4-6 brokers are going through 30-40% of the branches. Well, that 5-6th broker will make it because of all the accounts and assets left behind. I don't buy there boasting. I have lived it and have read many posts from new news that talk about the new new playing second fiddle because the other guy 2 blocks over got an office and gets all the glory at the meetings.


Again, I only tip 10% now.

Apr 6, 2007 2:32 am
spikedkoolaid:

COMPETITION:


"With minor exceptions, customers are free to transfer their business to competing organizations at any time. There is intense competition among firms for salespeople with good sales production records. In recent periods, the Partnership has experienced increasing efforts by competing firms to hire away its financial advisors."


This is copied directly from Jones' 10k.  They currently have 10,320 Financial Advisors.  I think the growth of 500 advisors in the past 5 years has come from Canada and the UK.  The US is described by the comment above.  Any Financial advisor in their right mind would not want to stay after reading that 10k.



I am in STL, the home of the evil empire.  I coach my daughter's soccer team, and my son plays on another team where I assist.  When looking at my son's roster I noticed that one of the mom's worked at the kool-aid empire, and then it was out of my mind.

Tonight was my son's practice, and I was hanging out on the side ready to help.  Got to chatting with some parents, and all of a sudden this lady goes "ooooohhhh YOU are the one with LPL!  I work for EdJones and I noticed your email address on the team roster."

Hmmmm....I guess the defections have gotten their attention?

Apr 6, 2007 12:59 pm
joedabrkr:
spikedkoolaid:

COMPETITION:


"With minor exceptions, customers are free to transfer their business to competing organizations at any time. There is intense competition among firms for salespeople with good sales production records. In recent periods, the Partnership has experienced increasing efforts by competing firms to hire away its financial advisors."


This is copied directly from Jones' 10k.  They currently have 10,320 Financial Advisors.  I think the growth of 500 advisors in the past 5 years has come from Canada and the UK.  The US is described by the comment above.  Any Financial advisor in their right mind would not want to stay after reading that 10k.




I am in STL, the home of the evil empire.  I coach my daughter's soccer team, and my son plays on another team where I assist.  When looking at my son's roster I noticed that one of the mom's worked at the kool-aid empire, and then it was out of my mind.

Tonight was my son's practice, and I was hanging out on the side ready to help.  Got to chatting with some parents, and all of a sudden this lady goes "ooooohhhh YOU are the one with LPL!  I work for EdJones and I noticed your email address on the team roster."

Hmmmm....I guess the defections have gotten their attention?


...yes, Joe, YOU are with the evil empire!!!

Apr 7, 2007 7:09 am

Can some one tell me ...for as much as Jones is hated.. here ...where would these boards be without them.. I mean really .. It seems that is all that is discussed...sigh...just an observation...

Apr 7, 2007 10:42 am

Non-religious groups may also display cult-like characteristics, I say.

Apr 10, 2007 3:58 pm

I overheard a couple of GP's discussing the disparity of income at the top...and well their happy as hell and don't give a damn about Spiffy!!!

Apr 12, 2007 11:28 pm

The managing partners care very much about me. They got a trip category filled by hiring me. My 62% goes to fill their garages. Their revenue sharing helps my clients to trust me. Your disloyalty is disturbing, bspears, you vill be sent to re-education in the gulag.

Apr 12, 2007 11:56 pm

Space-


Can you explain how revenue sharing helps your clients trust you? This is interesting...

Apr 13, 2007 12:23 am
footsoldier:

Space-


Can you explain how revenue sharing helps your clients trust you? This is interesting...





Foot-



Look carefully at his name, especially his surname.....

Apr 13, 2007 10:20 am

SPliff...get the hell out of here!!!  You nappy headed ho!!!  I LOVE EDWARD JONES!!   I LOVE REVENUE SHARING!!  I LOVE CONTESTS!!  I LOVE TRAILING 4 NUMBERS!!!  I LOVE EVERYTHING ABOUT SPIFFY AND HIS WIFE!!!  By the way...watching Bloomberg this am...Noticed Merck has had a great run since way back when EDJ downgraded them to a sell....got a lot of longtime shareholders out of it...made my month as the Jones breathren would say...

Apr 13, 2007 1:28 pm

Longtime shareholders?  You mean the ones who bought it back in 99 in the 70's or the ones who bought it in 2005 in the 30's?  I haven't been following MRK because until last year the stock had been horrible.  3% return over 10 years and negative numbers for the last 5.  If they were long time shareholders they probably hated the stock anyway. 

Apr 13, 2007 1:30 pm

What was the recommendation in 99 from bald head...Buy...and then when it gets to the low 30's ...put it to a sell....BUy and hold my ass!!

Apr 13, 2007 2:07 pm

That awesome research team did the same with YUM and MO


I'll never forget the analysts changing YUM to a sell and stating in his report that fewer people are eating at Taco Bell, Pizza Hut & KFC because everyone in the US in so health conscious.  UHHHH........mr. analyst did you forget about the rest of the world where they eat that crap daily?  That was late 2002 when the stock was $20.  Today it is $60!