Has EDJ Told their CLIENTS the TRUTH yet?

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Jul 27, 2005 1:00 am

Hey Drones & Clones, has your GP's told your clients the TRUTH  YET?  Why haven't they?


Have they sent out letters to clients explaining how the SEC is picking on them ?    Did they mention Doug "3 Mil" Hill's 3 Million dollar get out of going to Jail fine or the 75 Million Fine for not fully disclosing revenue sharing .......... or are you just going nuts exchanging all of your Funds into American Funds............what happen to diversification? 


But, hey dudes knowbody treats their clients the way Jones does.........total honesty  the Black eye is not going away

Jul 27, 2005 4:06 pm

Player,


You're a little off on the exchange into American Funds.  Jones recently added Franklin Templeton, so I hear.  I figure this was some kind of preemptive chess maneuver or something.  See the GP's saw that money would flow to the only other fund company most IR's are familiar with.  The only one where that nice disclosure is not required anyway.


So now the GP's figure that they get to keep their kickbacks by letting FT in on their racket.


And the IR's are back to handing out disclosures and handing big kickbacks to GP.

Jul 27, 2005 7:55 pm

Brokerbob- Thanks for the eloquent analysis.

Jul 28, 2005 11:27 am
noggin:

Brokerbob- Thanks for the eloquent analysis.


I saw a GP eat a baby once.

Jul 28, 2005 1:05 pm

Player,



Give it up - who cares

Jul 28, 2005 7:16 pm

Does anyone have any inside info on what the revenue sharing arrangement is with FT? Also does anyone know how it will be passed on to the IR's? (if at all)

Jul 29, 2005 9:47 pm

Th inside info is the same as the outside info. Everything has to be disclosed to the client. That was what the lawsuit was about, that and other things......

Jul 29, 2005 11:04 pm

If Jones is so crooked why would someone like FT come on board. Seems to me that they get plenty of business w/out needing Jones $.

Jul 30, 2005 12:32 am

Player, we were hoping you would come back to help us get the word out. We thing your ample use of  would help..

Aug 1, 2005 7:29 pm

Player, why do you waste so much time talking about Jones? Move on. You
act like a woman scorned. If I had to guess you probably got canned by
them, regardless of what you say. If you are trying to help out other
IRs which I think is what you said in the past, let them find out on
their own. I swear I have never heard anyone dwell so damn much on one
subject. Then again maybe you are a woman and I just don't know any
better.

Aug 1, 2005 11:18 pm

Then again maybe you are a woman and I just don't know any better.


Excuuuuuuuse me! 


Actually I agree. Player needs to get over it and knock off the emoticons.  EDJ launched me into a real career.

Aug 3, 2005 8:57 am

Hey Drones & Clones


Just like the Jones GP of today, you can't handle the TRUTH


Jones still doesn't have their IR's have the clients sign anything that explains revenue sharing, the statement that is to be given to each client is seldom used, and I still have not read from one of you Drones or Clones that you are even a little ticked off how the greedy GP's have soiled your Firm?


It must be the class of IR's they are hiring today, honesty just isn't a priority...................................


Also, how can any of you defend Doug "3" Mill Hill..................then again you are the ones paying his salary, aren't you?        But not for long..................

Aug 6, 2005 5:03 pm

Hey Drones & Clones..............The Big Day  is almost here


The TRUTH will set you FREE................

Aug 6, 2005 9:39 pm

player,


i dont get it.  Indy is  a fine idea, but if it were so easy, that easy, then why does anyone work for another firm?  the bottom line is quality of life-- that is your life.  if jones or indy allows you to do the things you want, great.  everyone talks about selling their book someday and cashing in.  well, most people only want out of the business when the narket is going down and they are sick of dealing with their clients.  how much iyour book worth when the market drops 40%.  who wanted to start out indy in sept 2002?  my point is, if a guy makes 250K a year, either indy or jones, isnt his quality if life better than everyone on his street?



success

Aug 9, 2005 3:04 pm

success,


Selling your book is only one aspect.  There is much more.  Read some of the posts which go into more detail.  I'ts not at all about "cashing in".  It's about freedom and flexibility.  Sure your net/net will increase substantially, you will get better tax breaks...etc...have more products...but there is more.  It IS ABOUT QUALITY of LIFE.


As far as 250k goes...eeesssh I hope those days are well behind me!

Aug 11, 2005 2:52 pm

I just Left ole EJ and man does it feel Great!!!Indy is a great place to be and everyone is comin' with me!!

Aug 11, 2005 9:46 pm

zacko,


thanks for the response.  I dont see where making a quarter of a million a year isnt good money.  i llive in a town of 5000 people.  not too many make that kind of money.



sucess

Aug 14, 2005 9:29 pm
success:

zacko,


thanks for the response.  I dont see where making a quarter of a million a year isnt good money.  i llive in a town of 5000 people.  not too many make that kind of money.



sucess



Success