Jones and BOA Pay

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Dec 12, 2009 3:04 pm

 The freeze on pay raises and bonus' at Jones for BOAs is still in place yet the company is making millions of dollars every quarter. It seems once again the little people are taken advantage of while the big wigs take home their greedy share of profits. I think it is shameful that this company hides behind their paid for image as a great place to work and yet does this to their own hard working employees.

There is no disputing this Edward Jones. The BOAs have been taken advantage of and it's time someone spoke out. I will not reveal my identity as my wife is a BOA and I do not want her taken even more advantage of. She is the hardest working person I know and when the company first came out with this freeze on bonus and raises she was all for it, now Jones is just using it to line their big shots pockets. Don't need to come here and deny it, the number tell the story.

Dec 12, 2009 3:12 pm

Argh the Wall $treet fatcats are at it again!!!

Dec 12, 2009 3:23 pm
natell:

 The freeze on pay raises and bonus' at Jones for BOAs is still in place yet the company is making millions of dollars every quarter. It seems once again the little people are taken advantage of while the big wigs take home their greedy share of profits. I think it is shameful that this company hides behind their paid for image as a great place to work and yet does this to their own hard working employees.

There is no disputing this Edward Jones. The BOAs have been taken advantage of and it's time someone spoke out. I will not reveal my identity as my wife is a BOA and I do not want her taken even more advantage of. She is the hardest working person I know and when the company first came out with this freeze on bons and raises she was all for it, now Jones is just using it to line their big shots pockets. Don't need to come here and deny it, the number tell the story.


If your wife is worth more than she is being paid at Jones, someone will pay her more.   
Dec 12, 2009 3:25 pm

I can appreciate that, but she has been there a long time and she enjoys the client base etc. It's not about the money. I hope my post was not mistaken to be just about the money. It is about how these people are treating folks that have trusted them for a long time. Money is not the answer to everything and it is not what this post is about. Thanks for the reply.

Dec 12, 2009 4:43 pm

If she is the hardest working person you know and wants better pay tell her to apply for an FA position and produce for the firm.  She should have known from day 1 it will never be a great paying job. 

Dec 12, 2009 5:06 pm

I understand that a good portion of people in this world only see things as dollars. Did I not clarify in a previous post my position on this topic? I apologize. It is not about the money. Obviously that is what you are concerned with which if you are a broker that would worry me. I am an RIA because I love what I do, not because of the money. As for my wife, she too does not care about the pay, only that she is being TREATED FAIRLY.

I hope this is understandable in this forum. I realize that there are those here who can only function in terms of money.

Dec 12, 2009 5:16 pm
natell:


I understand that a good portion of people in this world only see things as dollars. Did I not clarify in a previous post my position on this topic? I apologize. It is not about the money. Obviously that is what you are concerned with which if you are a broker that would worry me. I am an RIA because I love what I do, not because of the money. As for my wife, she too does not care about the pay, only that she is being TREATED FAIRLY.I hope this is understandable in this forum. I realize that there are those here who can only function in terms of money.





Whether it's money or recognition you and your wife seek, the only way to have both is to work for yourself. If EDJ could pay your wife less, they would. That's just how corporate america works, don't take it personally.

Dec 12, 2009 5:16 pm

One other comment on your statement. I will let her know that your position is that she DOESN'T PRODUCE for Edward Jones. She will love that position. You should really consider your comments and their true meaning before saying what is on your obviously arrogant mind.

While my wife does not "produce" in terms of an FA for your company, she does make it possible for her FA to succeed beyond where he would with out her professionalism and knowledge. You see you should be ashamed of yourself my friend for belittling BOAs. I understand this is the position of some Jones people and it again only reinforces my feeling that there are a bunch of liars and greedy people running this outfit. You must surly be one of them.

I will let her know if she wants to be treated fairly she should become a salesman.


Dec 12, 2009 5:21 pm
Omar:
natell:


I understand that a good portion of people in this world only see things as dollars. Did I not clarify in a previous post my position on this topic? I apologize. It is not about the money. Obviously that is what you are concerned with which if you are a broker that would worry me. I am an RIA because I love what I do, not because of the money. As for my wife, she too does not care about the pay, only that she is being TREATED FAIRLY.I hope this is understandable in this forum. I realize that there are those here who can only function in terms of money.





Whether it's money or recognition you and your wife seek, the only way to have both is to work for yourself. If EDJ could pay your wife less, they would. That's just how corporate america works, don't take it personally.



Okay, I am new here. The topic is about people treating people fairly. Not money, not recognition. I apologize that I was not clear on this from the start. Please let it be known that this topic is about: A COMPANY THAT SAYS IT IS A TOP COMPANY TO WORK FOR EVERYDAY OF THE YEAR, YET TAKES ADVANTAGE OF A VERY IMPORTANT ASSET.

Sorry for the caps, I guess I could have just made it bold that. Anyway. I hope this helps everyone understand what I was trying to say in my original post. Thank you

Dec 12, 2009 5:31 pm

I get what you you are saying. Your wife is treated unfairly. It would be nice if she was treated well given that she does a good job and given the company is suppose to be the best.



Again, welcome to corporate america. You are owned by the company you work for......period.

Dec 12, 2009 5:34 pm
natell:

I can appreciate that, but she has been there a long time and she enjoys the client base etc. It's not about the money. I hope my post was not mistaken to be just about the money. It is about how these people are treating folks that have trusted them for a long time. Money is not the answer to everything and it is not what this post is about. Thanks for the reply.


 
natell:

 The freeze on pay raises and bonus' at Jones for BOAs is still in place yet the company is making millions of dollars every quarter. It seems once again the little people are taken advantage of while the big wigs take home their greedy share of profits. I think it is shameful that this company hides behind their paid for image as a great place to work and yet does this to their own hard working employees.

There is no disputing this Edward Jones. The BOAs have been taken advantage of and it's time someone spoke out. I will not reveal my identity as my wife is a BOA and I do not want her taken even more advantage of. She is the hardest working person I know and when the company first came out with this freeze on bonus and raises she was all for it, now Jones is just using it to line their big shots pockets. Don't need to come here and deny it, the number tell the story.

Dec 12, 2009 5:34 pm
mlgone:

Go Independent kool aid boy



I am. You should read before posting. I started my own RIA a few years ago.

Dec 12, 2009 5:36 pm
gethardgetraw:
natell:

 The freeze on pay raises and bonus' at Jones for BOAs is still in place yet the company is making millions of dollars every quarter. It seems once again the little people are taken advantage of while the big wigs take home their greedy share of profits. I think it is shameful that this company hides behind their paid for image as a great place to work and yet does this to their own hard working employees.

There is no disputing this Edward Jones. The BOAs have been taken advantage of and it's time someone spoke out. I will not reveal my identity as my wife is a BOA and I do not want her taken even more advantage of. She is the hardest working person I know and when the company first came out with this freeze on bonus and raises she was all for it, now Jones is just using it to line their big shots pockets. Don't need to come here and deny it, the number tell the story.



WOW, thanks for helping me make my point. You are a good fella!

Dec 12, 2009 5:42 pm

I'm confused.  You say it is not about money, but being treated fairly.  The way your wife is treated unfairly is by not getting a raise when the company is profitable.  Besides money, what would you suggest EDJ do to treat her more fairly?  If you are an RIA, why doesn't she go to work for you?

Dec 12, 2009 5:45 pm
Primo:

I'm confused.  You say it is not about money, but being treated fairly.  The way your wife is treated unfairly is by not getting a raise when the company is profitable.  Besides money, what would you suggest EDJ do to treat her more fairly?  If you are an RIA, why doesn't she go to work for you?



You wouldn't understand if I spent the next week explaining it would you. All you see in the post is money. Money money money money. Nevermind the real meaning of my comments. Spin away.

Funny on your second point. My wife and I could not work together in the same office. She is way too demanding. Screw that.

Dec 12, 2009 5:56 pm

I don't think anyone would want to work with you.

Dec 12, 2009 5:57 pm
natell:

I understand that a good portion of people in this world only see things as dollars. Did I not clarify in a previous post my position on this topic? I apologize. It is not about the money. Obviously that is what you are concerned with which if you are a broker that would worry me. I am an RIA because I love what I do, not because of the money. As for my wife, she too does not care about the pay, only that she is being TREATED FAIRLY.

I hope this is understandable in this forum. I realize that there are those here who can only function in terms of money.


This sounds like the same type of B.S. that an athlete says who holds out for an an extra million.  "It's not the money.  They aren't showing me the respect that I deserve."  If the only complaint that you have is the money and if money would solve this problem, it seems hard to envision this not being about the money.
Dec 12, 2009 6:01 pm
natell:
Primo:

I'm confused.  You say it is not about money, but being treated fairly.  The way your wife is treated unfairly is by not getting a raise when the company is profitable.  Besides money, what would you suggest EDJ do to treat her more fairly?  If you are an RIA, why doesn't she go to work for you?



You wouldn't understand if I spent the next week explaining it would you. All you see in the post is money. Money money money money. Nevermind the real meaning of my comments. Spin away.

Funny on your second point. My wife and I could not work together in the same office. She is way too demanding. Screw that.


 
Answering the first question would be explanation enough.  My guess is that the answer is give her more money.  However, I gave you the benefit of the doubt and you decided to spin it.
Dec 12, 2009 6:01 pm
anonymous:
natell:

I understand that a good portion of people in this world only see things as dollars. Did I not clarify in a previous post my position on this topic? I apologize. It is not about the money. Obviously that is what you are concerned with which if you are a broker that would worry me. I am an RIA because I love what I do, not because of the money. As for my wife, she too does not care about the pay, only that she is being TREATED FAIRLY.

I hope this is understandable in this forum. I realize that there are those here who can only function in terms of money.


This sounds like the same type of B.S. that an athlete says who holds out for an an extra million.  "It's not the money.  They aren't showing me the respect that I deserve."  If the only complaint that you have is the money and if money would solve this problem, it seems hard to envision this not being about the money.



Wow, this must be an Edward Jones forum.

Dec 12, 2009 7:26 pm

This thread has to be some kind of joke.  My BOA gets a bonus of around $1500 just for being at my office that Jones started a couple years ago.  Profitibility bonuses have been non-existent because there has been no bonus' for around a year.  The average advisor's income is down 20-30%, but it sounds like because a BOA doesn't get a 5% raise, Natell thinks Jones is a crook.  If your wife worked for a decent Jones broker Natell, I'm sure when we get back into some decent bonus brackets, she'll get plenty of extra cash to bring home.  I can't believe people are bitching about not getting a pay raise in this economy.....let me guess....you voted for Obama, love democrats, and think Capitalism is evil......