EJ wins JD Power Cust Sat Award

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Apr 23, 2005 9:56 am
Bill Fakkland:

Malcolm, you have said a lot of really dumb things before, but this one beats all. 3000 clients with no trails? How about 30,000,000 in MFs at year 4 with a LOT of trails and 567 clients, give or take. When I have "3000" clients, I'll be fine. Unless I jump from firm to firm like Liz taylor jumps husbands.


The first thing you find out after going indy is how much you were screwed and lied to by EJ.  I was told that the MF co's kept .75% of the sales charge off the top. The rest was paid to Jones and I got a 40% payout on that.   AmFunds A-shares are 5.75% max. Jones gets 5% and you get a 40% payout.  Did I do the math right?


Then, I go indy and the MF company isn't taking the .75%.  I get the whole thing.  At Jones, you really get screwed at the 100K breakpoint.  Load is 3.5% and you get 40% of 2.75%.


Bill, check out how much you were screwed.  .75% times $30,000,000.  You could buy a nice house with that


Apr 23, 2005 2:33 pm

Ellie, the sad truth is that I'm really not being screwed frequently enough. Thats not your fault, though. I think you may be forgetting the bonus, though...mine is going to be about a months net/net commissions here in April. That is substantial. I may buy a playhouse for my daughter and a new barbecue, and maybe a deck of smokes.

Apr 23, 2005 2:36 pm
compliancejerk:

bpd,



you're right they never lied.



So could you please explain why



1) your firm agreed to a $75 million dollar settlement



2) your managing partner returned $3 million from his last year's compensation



3) your managing partner agreed to step down in the same settlement







CJ,



Read the post!



Soothsayer wrote:

"What always killed me about Jones was that any positive publicity was all absolutely true. All of it. Every word. Anything negative written about the company was not credible--in fact an outright lie."



What I asked Sooth was "What did Jones say was "An outright lie". I did not say Jones lied or didn't lie.



Since Sooth can't answer the question, can you? What did Jones say was "An outright lie".



BPD



P.S. Sooth, if you're still alive, can you answer the question? You are the one that brought it up.







Apr 23, 2005 4:56 pm

I would like to answer your question, but can't.  It may compromise my identity, do damage to a broker or two still at Jones, and stir up a bunch of ugliness that I just don't want to start.  I'll leave it at that.  I would love to give you name, day, setting, and context of what was said, but can't with the the lawsuit in California still pending.

Apr 23, 2005 5:33 pm

Another 65 gross month for me.....No fancy bonus brackets or varying payouts depending upon share class or firm policy.


53k net less my office expenses of about 10k.  So, 43 net pretax.  That's kinda like getting one of those fancy bonus checks too...but I wonder why they keep sending me one of those every month?  Go figure?


So, please don't tell anyone as it might be a mistake!

Apr 23, 2005 5:36 pm

I just checked....


It's actually not a mistake! 


I actually keep about 80% of my commissions instead of 38%.  No "bonus" check though....oh well. Can't win em all.

Apr 23, 2005 7:57 pm
zacko:

I just checked....


It's actually not a mistake! 


I actually keep about 80% of my commissions instead of 38%.  No "bonus" check though....oh well. Can't win em all.



No bonus?  Awwww.....that sucks!  Man I feel for ya.    


Are you crying all the way to the bank?

Apr 23, 2005 7:59 pm
Bill Fakkland:

Ellie, the sad truth is that I'm really not being screwed frequently enough. Thats not your fault, though. I think you may be forgetting the bonus, though...mine is going to be about a months net/net commissions here in April. That is substantial. I may buy a playhouse for my daughter and a new barbecue, and maybe a deck of smokes.


That's great man.  You 'jes keep sellin' them three preferred funds, kay?

Apr 23, 2005 9:56 pm

Sooth, how convienient

Apr 23, 2005 10:17 pm
Guest1:

Sooth, how convienient


Sorry, but it's just not worth it to put people's livelihoods and careers at risk over some silly, bullsh*t ego battle. 

Apr 24, 2005 11:34 am
Soothsayer:
Guest1:

Sooth, how convienient


Sorry, but it's just not worth it to put people's livelihoods and careers at risk over some silly, bullsh*t ego battle. 



Stand your ground Sooth....smart man!  Don't take the bait.

Apr 24, 2005 5:46 pm

Bait?? Sooth just found a way to say whatever the heck he wants and doesn't have to prove it. I call that convienient

Apr 30, 2005 1:21 am
Soothsayer:

I would like to answer your question, but can't. It may compromise my identity, do damage to a broker or two still at Jones, and stir up a bunch of ugliness that I just don't want to start. I'll leave it at that. I would love to give you name, day, setting, and context of what was said, but can't with the the lawsuit in California still pending.





Sooth,



All this Jones bashing and now you are called to the carpet and you are pleading the fifth. Pretty wimpy. "It may comprimise my identity". What a crock.



Let me ask the question again:



What was stated in the press that was negative for Jones that Jones said was an outright lie?



Apr 30, 2005 3:46 pm

And, I will answer you one final time.........The incident I am speaking of is so freaking real and specific, that if I mentioned who said it, what he/she said, and when they said it, it would be obvious to anyone who was present, and they would recall the incident as well.  Then, throught the power of transitive logic, they could figure out who all heard what was said, and then figure out who is no longer working at Jones.  Got it?  Have a nice life!

Apr 30, 2005 9:22 pm

BPD, Soothsayer has been quite clear that he cannot answer your questions without compromising other individuals.  He has taken an honorable postition.


Why do you persist in calling him a liar?  Is everyone with whom you disagree a liar?


If your attitude is a representative sample of the firm you represent, I must say it's pretty sorry.

May 1, 2005 12:09 am

Starka--


Thanks for understanding and "getting it."  If what I'm speaking of is that dangerous, believe me it's real.

May 1, 2005 12:48 am
Starka:

BPD, Soothsayer has been quite clear that he cannot answer your questions without compromising other individuals. He has taken an honorable postition.



Why do you persist in calling him a liar? Is everyone with whom you disagree a liar?



If your attitude is a representative sample of the firm you represent, I must say it's pretty sorry.





Starka,



In what post did I call Sooth a liar?

May 1, 2005 10:00 am

Most recently, your post of April 30 2005 at 1:21am.

May 1, 2005 11:42 pm

Sooth, you stated that Jones was called on something in the PRESS and said it was a lie. By stating what the "lie" was how are you compromising someone? If Jones publically stated it was a lie, who are you exposing?


Starka, sorry I missed where BPD called him a liar. I won't go that far but it is pretty chicksh*t to say something like that and then plead the fifth.


I have a reliable source that says 80% of Sooths business is in B share annuities. BUT, I can't reveal my source 'cause someone might get hurt.


Get it! Stupid tactics that make this board so fun to read.

May 2, 2005 7:35 am

Yes, I've noticed that you Jones people have trouble with reading comprehension.