H&R vs Jones

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May 31, 2006 8:20 pm

What do people have to say about H&R Block vs. Jones?

May 31, 2006 9:15 pm


H&R BLock Financial Advisors has

better technolology, platform & management.



Downside is that HRB is tax prep firm

and the financial advisor division may end up

being a swept under the rug one day.

May 31, 2006 11:10 pm
Lewis:


H&R BLock Financial Advisors has
better technolology, platform & management.

Downside is that HRB is tax prep firm
and the financial advisor division may end up
being a swept under the rug one day.


Lewis are you clueless??

May 31, 2006 11:32 pm

Is there a third choice?

Jun 1, 2006 8:19 am
noggin:

[Lewis are you clueless??



Actually it would seem that most national firms have better technology than your employer noggin.  Aren't you the one that was talking about leaving for a ..... gasp ......BANK????

Jun 1, 2006 8:36 am

Actually, I'm curious too.  I am turning down what I feel is a great offer from HRB to go Indy.  Their technology is great, blows EDJ away.  I'm not worried about referrals though, which is what HRB is all about.  I thought about going to HRB 1st, then indy later.


I would love to hear some thoughts from Indies and HRB people.  Not interested in hearing EDJ arguments, 'cause I'm done.


Thanks

Jun 1, 2006 9:43 am

What's the difference, some day they might even join forces, their signs alomost look the same? 


Drones, and Clones with just another name......Wow, that is a way for ED Jones to hit their recruiting numbers recruit all the HR Block IR's they already drink Kool Aid on a regular routine....... 

Jun 1, 2006 10:34 am

The clientele at HRB will be limited to the types of people who use HRB to do their taxes.  You will not be getting referrals to people with more complex taxes and by default more complex financial need and more money to invest.


A similar thing can be said about many EDJ clients.  Not all clients at EDJ are lower end (smaller amounts of investments and less sophisticated) but many are.


If you are Independent you will have the ability to determine for yourself what market you want to target. 

Jun 1, 2006 10:36 am

HRB is not a good stepping stone.  At the end of the day, it's a tax firm that also has a financial services arm.

Jun 1, 2006 11:29 am
eddjones654:
noggin:

[Lewis are you clueless??


Actually it would seem that most national firms have better technology than your employer noggin.  Aren't you the one that was talking about leaving for a ..... gasp ......BANK????



Actually it would seem to me that most villages in rural China have better technology than his firm......

Jun 1, 2006 1:11 pm
noggin:
Lewis:


H&R BLock Financial Advisors has
better technolology, platform & management.

Downside is that HRB is tax prep firm
and the financial advisor division may end up
being a swept under the rug one day.


Lewis are you clueless??



Noggin please explain.  What is he clueless about? 

Jun 1, 2006 2:39 pm

From the Yahoo HRB board:


http://biz.yahoo.com/bw/060530/20060530005799.html?.v=1


http://biz.yahoo.com/bw/060530/20060530005798.html?.v=1

Jun 1, 2006 2:46 pm

My old office was located next door to an H&R office. At least once a day during tax season somebody would come into my office and announce they had an appointment to get their taxes done.


I never opened an IRA for any of those people but somehow never felt I missed out on a client who couldn't read a Green Sign on the door the size of their head.

Jun 1, 2006 10:40 pm
exdrone:
noggin:
Lewis:


H&R BLock Financial Advisors has
better technolology, platform & management.

Downside is that HRB is tax prep firm
and the financial advisor division may end up
being a swept under the rug one day.


Lewis are you clueless??



Noggin please explain.  What is he clueless about? 



The only Reps I see going to H & R Block are ones on goals. I can't speak to their technology but I really think one would have to think twice about going there.

Jun 1, 2006 11:40 pm

I never opened an IRA for any of those people but somehow never felt I missed out on a client who couldn't read a Green Sign on the door the size of their head.


  That says it all!!

Jun 2, 2006 9:09 am

Personally, if I were a new rep in the industry, I would choose Jones over HRBFA.

Jun 3, 2006 9:35 pm

Jones Rules.

Jun 4, 2006 8:03 pm

Incredble Hulk: Jones Rules.


---------------------------


Sorry man. Everytime I glance at your name, I see "Inedible Hulk" and I have to do a double-take. Maybe, it's my Dyslexia or something.

Jun 4, 2006 8:36 pm

i think HRBFA has everything in place. the only thing hurting them is their name and ridiculous statements like "it's still a tax firm". Their success with tax will assure that their FA arm will be around for as long as they see fit. HRBFA is in a revenue building stage right now.


again, the only problem with them that I see is image. it's one thing to walk into an AGE office and a totally diff exp walking into a HRBFA office.


now the flip side is that people who've been with the "sophistacated" offices and firm names would like a place like HRBFA that has a more laid back atmosphere.


In contrast to Jones, they have a wide range of products that jones will never dream of touching, their tech is better, better back office support, and if you take out the tax side of it, they have it where it counts.


to suggest that jones is a better place is not only wrong, but downright ignorant. i have seen jones guys go there and double their production in a year and a half. considering the hardships of moving in this industry, that is a strong feat.


i also heard of wachovia's second top prodcuing FA in SA leaving to his own HRBFA branch and taking 90% of his book with him in 2 weeks and last I heard, is on pace to hitting 630k this yr (he was previously making 750k on a bad yr)


so in the end, whether it's about HRBFA, jones whatever. the questions you need to be asking are "have there been success stories?"


i dont think a nearly million dollar producer leaving wachovia to HRBFA and killing the comp suggests HRBFA is ass.


now if u were to ask about the upper level of management there, well that would be a diff story.


Jones is a joke of a firm...if the kids want to drink the kool aid, more power to them.

Jun 5, 2006 12:33 am

Anna,


    H&R can't even get their own taxes right, why would anyone go there to get their personal or business taxes done?


    H&R has recruited a few Jones brokers, but they were bottom of the barrel or already let go.


    H&R's average ticket size is around 10k.  If you want fund roth IRA's for a living, become a broker there.


    Just like banks, offices that feed referals can be changed or  reduced at a whim.


    I've seen a few statements I've transfered from H&R Block, if they "have a wide range of products that jones will never dream of touching" then why are all they sell B-share mutual funds and annuities?


    Anna, speaking of clueless, more power to you.