Jones Dealer Commission

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Feb 27, 2009 10:33 pm


Hi there,


Feb 28, 2009 12:44 am

Your my hero Ice

Feb 28, 2009 12:47 am

Still a couple hours away, but I am working extremely hard at it.

Feb 28, 2009 12:49 am
iceco1d:

I'm guessing you are confused.

 
Only other way I'd see it would be one of two things, or both...
 
1.  You would only be allowed to sell funds from a fund family that has some type of revenue sharing agreement with Farmer's, and/or...
 
2.  They keep all of your trails, forever, and you are constantly looking for new business. 



Thanks for your response.  You are correct ... I stay in a constant state of confusion    so  I'm sure this is no exception.

In response ....

1. There is a list of approx 12 fund families I would be allowed to sell from. American Funds, Franklin Templeton, MFS, Oppenheimer are a few that I remember.

2. No I would get paid trails.


Feb 28, 2009 12:49 am

After so much practice due to merger issues, it takes so damn long now.  Oh well.  Blood test for what?

Feb 28, 2009 12:52 am
Searcher:
iceco1d:

I'm guessing you are confused.

 
Only other way I'd see it would be one of two things, or both...
 
1.  You would only be allowed to sell funds from a fund family that has some type of revenue sharing agreement with Farmer's, and/or...
 
2.  They keep all of your trails, forever, and you are constantly looking for new business. 



Thanks for your response.  You are correct ... I stay in a constant state of confusion    so  I'm sure this is no exception.

In response ....

1. There is a list of approx 12 fund families I would be allowed to sell from. American Funds, Franklin Templeton, MFS, Oppenheimer are a few that I remember.

2. No I would get paid trails.


 
The only explanation would be that Farmers would make up the difference.  Companies like AF are not going to change their commission structure for anybody, especially a firm like Farmers.  Of course, Farmers making up the difference makes no sense either.  I would ask again as the most obvious answer is something is amiss.
Feb 28, 2009 12:56 am

Oh, I thought it was for work or something logical like that.  I would also appreciate some pictures if a)your a chick and b)it only takes one picture to get all of you in the shot.

Feb 28, 2009 1:03 am

Is she still here or are we talking to each other at this point?

Feb 28, 2009 1:11 am

Buzz kill.

Feb 28, 2009 1:11 am

 
The only explanation would be that Farmers would make up the difference.  Companies like AF are not going to change their commission structure for anybody, especially a firm like Farmers.  Of course, Farmers making up the difference makes no sense either.  I would ask again as the most obvious answer is something is amiss.



I would have thought the same thing if I hadn't seen it for myself on the Farmers commission calc screen today. Across the board ... 4% gross. 

A couple of Indies told me that their companies do negotiate for the best terms with MF companies so can there be variations in pay out to B/Ds?  Again I am clueless. If this is true, I'd think that a company like EJ would be able to swing better terms than Farmers (a company that has been in financial services for only 7 years!)

My main question is .... is it possible that EJ is actually being paid 4% or more by the fund companies? I have always believed that the gross we calculate net from is actually what Jones nets from the fund families. Am I wrong? Do they get paid more and are simply lowering the gross for net calcs?

Feb 28, 2009 1:12 am

Read a prospectus, the answer is there.  BTW, you are screwing up a perfectly good attempt to solicite pictures.

Feb 28, 2009 1:19 am
Searcher:

  Again I am clueless.



Kinda sums it all up in 4 words.

So are you hot at least?

Feb 28, 2009 1:26 am


[/quote]
So are you hot at least?
[/quote]

 Am I hot? Yes I am very hot but that has nothing to do with why I'm here. I am here as a professional reaching out to, what I thought, were other professionals. I asked legitimate questions and got one helpful answer in an IM. Thank you to the gentleman who did reply in such a kind and helpful way. To the rest of you jokers ... grow up.