EJ Getting just like MER/MS

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Jul 30, 2008 3:52 pm

I've been At EJ over 7 years, and admittably stopped the kool aid awhile back. I am in Cali, one of the 5 states where the firm CUT OUR PAY (mine to 38% from 40) and told us they made it up to us in different treatment of expenses.

Guess what? This week we received a rather threatening LETTER, not wire from a GP stating that we could be fired for overspending our expense accounts! (He later had to write a wire of apology and explanation, so at least some of the FAs had the cojones to complain about the ivory tower tone in the letter).
But that is what has happened here, even in my short time. Jones has changed. The only thing distinguishing us from the biggie wirehouses is our single office/partnership model. Otherwise, we act the same as MER/MS.
Now, I am notified that my allotted expenses are almost exceeded, as of June! So, where is the new, nice expense treatment here? Now I have to get pre approval on expense items like cell phone, seminars, appreciation dinners?! I NEVER RAN OUT OF EXPENSE DOLLARS UNDER THE OLD SYSTEM. Jones is talking out of both sides of it's mouth, and playing right into the hands of the best Indie broker dealers. What would be the compelling reason to stay? It feels as though this firm is being ramped up for sale or merger. That certainly will benefit the GPs most, as per usual.
I thought I would retire from here. Looks like I've gotta gird up my loins for one more change.
Jul 30, 2008 4:11 pm

Wow you have taken it for seven years!

After reading this forum for the past several years. Five to ten years  is about the time frame for a EJ rep to figure it out and get fed up and go indy.
Well now it  looks like it is time to give yourself a pay raise and go indy.
 
Good luck!
 
 
 
 
Jul 30, 2008 4:21 pm

"CAUTION" Imposter here ....no need to believe anything this person has just said.  Payouts in Cali have actually went up to 45%...not down.  Its funny how this person just finds this forum and casually plants this propaganda...its probably BSPEARS again..just planting this anti jones stuff....oh..and by the way...MER/MS do this to their brokers..so why can't Jones...right Spiff.

Jul 30, 2008 5:00 pm

Jones reps have expense accounts now?

Jul 30, 2008 5:09 pm

So I hear...I bet it was the gay mafia's idea..

Jul 30, 2008 5:11 pm

Hey, Babs

 
No, we had the pre tax expense allowance taken from our comp just like you.
But the firm took that away this year in the "5 states" where it costs so horribly much to do biz. Now they allot a figure based on production, and if you exceed that number you have to have expenses pre approved by a frickin commitee.
Seems there was some real creative expensing goin out out here in Cali....
Jul 30, 2008 5:16 pm

HEY HEY HEY...PROPAGANDA...STOP.....STOP IT...Funny how you come on here and start all this and you really don't know anything about the expense set up...its obvious to me and everyone else...anti Jones...thats it...gay mafia, JFK assasination, UFO's, Saskwatch

Jul 30, 2008 5:45 pm

Put down the bottle spears.  Seems like you've been hitting it pretty hard lately.  More than usual. 

Jul 30, 2008 5:48 pm

z

Jul 30, 2008 6:05 pm

Waaa...All I was doing was attacking a anti Jones thread...that's it. I was attacked when I stood up and said Jones should payback all that was stolen from clients..thats it.  I was accused of making a new login name and posting...I was just acting like Spiff and B24...I was protecting the Jones name.  Damn..wtf...I love Jones and Spiff.  IF you want to know about LPL, go to their website.  They work for me..and do a great job of it.  IF you don't like my sarcastic posts..first...don't read them...2..I don't know...I guess don't read them again...3rd...yell at someone else

 
And anyway..I worked there, I know the crap they spew...I see right through it..I can counter anything they want to say about there firm..nothing I have said is to far off the truth..and as time goes by..more and more of the defenders become the.....well, I've been off the Koolaid now for two months and ......I have many PM's from Jonesers looking for some answers...And I have answered those in a very professional and non sarcastic, truthful manner...SO GO F*ck YOURSELF..
Jul 30, 2008 6:19 pm

Yah man..great post...alot of gay overtones in you post...scarry...I won't be part of your fantasy...lube or no lube...good luck, I hope you find what your looking for...in or out of the closet.

Are you looking for some type of role playing with pain or should I dress up for you..or what...Napoleon maybe...I'm confused but would like more clarity.
Jul 30, 2008 6:23 pm

Liar..

Jul 30, 2008 6:29 pm

Classy. 

 
A) Nobody attacked you for saying that Jones should make those people whole.  In fact, most people agreed with you.  You went with the 60 minutes, Jones is screwing people, dragging their feet, etc angle. 
 
B) My statement on that thread was that it seemed strange to me that the poster couldn't remember something like when Ed died.  If you're that involved in the case, surely you know a piece of info like that. 
 
C)  I've never accused you of creating a new login.  I don't think you're that creative.
 
It scares me that there are people out there desperate enough to PM you about LPL.  If anyone out there from Jones is SERIOUSLY looking for info on LPL, I'd sincerely recommened Indyone or Joedabrkr.  Talking to spears about Jones is like asking a guy about his ex wife.  She could be smoking hot, smart, and funny, but he'd say stay away from her because she can't cook. 
 
 
Jul 30, 2008 6:36 pm
Jul 30, 2008 7:18 pm

Can someone please tell me how I got stomped earlier. I moved assets to the sidelines, the market tanks and I'm in the wrong.  A fun banter back and forth on protecting assets vs riding the elevator down. 

Really ice, if you don't like my posts, don't read them.  I could care less what your opinions are of my posts, really. It doesn't mean anything..nothing..your opinion means absolutely zero to me. Your position in life is just that, a spot you take up that has no bearing whatsoever on anyone else. I have fun here, and will admit(sort of) that I go over the top about jones, because I do hate them. 

I do target Spiff, just as he targets me.  Its a fun banter back and forth and when I've decided to blow off the day...I post way to many times...and get way over the top. Oh well...who really gives a shit.  If a newbie is coming here for advice...he's already lost the game. Find a mentor, not a forum. If an EDJ newbie is questioning his/her firm and is on here ranting..well...I think they already know what to do... Remember...your opinion means zero..except for maybe your family..just as mine shouldn't mean anything to anyone...we're on the internet...posting with fictitious names..calling each other names...queers and Napoleons and all the other great ones...sorry if you feel you're important on here or this forum is important.

Jul 30, 2008 7:33 pm
bspears:

Can someone please tell me how I got stomped earlier. I moved assets to the sidelines, the market tanks and I'm in the wrong.  A fun banter back and forth on protecting assets vs riding the elevator down. 

Really ice, if you don't like my posts, don't read them.  I could care less what your opinions are of my posts, really. It doesn't mean anything..nothing..your opinion means absolutely zero to me. Your position in life is just that, a spot you take up that has no bearing whatsoever on anyone else. I have fun here, and will admit(sort of) that I go over the top about jones, because I do hate them. 

I do target Spiff, just as he targets me.  Its a fun banter back and forth and when I've decided to blow off the day...I post way to many times...and get way over the top. Oh well...who really gives a shit.  If a newbie is coming here for advice...he's already lost the game. Find a mentor, not a forum. If an EDJ newbie is questioning his/her firm and is on here ranting..well...I think they already know what to do... Remember...your opinion means zero..except for maybe your family..just as mine shouldn't mean anything to anyone...we're on the internet...posting with fictitious names..calling each other names...queers and Napoleons and all the other great ones...sorry if you feel you're important on here or this forum is important.

 
LOL...first smart, well put reply i've ever heard out of spears, Spears/Lohan for Prez!
 
 
Jul 30, 2008 11:21 pm
bspears:

Can someone please tell me how I got stomped earlier. I moved assets to the sidelines, the market tanks and I'm in the wrong.  A fun banter back and forth on protecting assets vs riding the elevator down. 

Really ice, if you don't like my posts, don't read them.  I could care less what your opinions are of my posts, really. It doesn't mean anything..nothing..your opinion means absolutely zero to me. Your position in life is just that, a spot you take up that has no bearing whatsoever on anyone else. I have fun here, and will admit(sort of) that I go over the top about jones, because I do hate them. 

I do target Spiff, just as he targets me.  Its a fun banter back and forth and when I've decided to blow off the day...I post way to many times...and get way over the top. Oh well...who really gives a shit.  If a newbie is coming here for advice...he's already lost the game. What's wrong with newbies learning a business from as many different angles as possible? A web forum is a great way for people to be candid about things without being "on the record." Find a mentor, not a forum. Find a mentor, a forum, magazines, books, articles everything you can get your hand on. If an EDJ newbie is questioning his/her firm and is on here ranting..well...I think they already know what to do... Remember...your opinion means zero..except for maybe your family..just as mine shouldn't mean anything to anyone...we're on the internet...posting with fictitious names...calling each other names...queers and Napoleons and all the other great ones...sorry if you feel you're important on here or this forum is important.

Two months removed it's easy to see where the bitterness comes from. Especially if you were let go. I'm not saying you were. However, it's been my experience interviewing people that those who have been let go take it very personal and are usually bitter.

Jul 31, 2008 9:00 am

How can I be let go from my own business? I'm scared now...did I miss some meeting with myself....

Jul 31, 2008 10:34 am
bspears:

How can I be let go from my own business? I'm scared now...did I miss some meeting with myself....

 
No. You missed his point.
Jul 31, 2008 11:34 am

Well, if his point was I got let go from the cult...funny.  He got me on that one...