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Jones To Decrease Payout to Financial Advisors

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Dec 27, 2007 5:23 pm

Yep

Dec 28, 2007 5:17 am

donatello,



Jones stock research not as bad as you say. Take a look:



http://www.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20070313005309&newsLang=en



Ahead of Goldmann, ML, AGE and Ray J. (Gosh what happened to RJ in '06.)



If you click ob above and doesn’t work. Cut and paste.

Dec 28, 2007 5:19 am

Cut and paste this:



http://www.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20070313005309&newsLang=en

Dec 28, 2007 1:13 pm

BPD-What a hypocrite! Now you’re not a “buy and hold” firm, but a 1 yr firm? Read on with your research…5 yr, 7 yr. Jones spent the last few years (especially '01,'02-were you around?)  touting their 5 yr and 7 yr numbers because they are a “buy and hold” firm and that’s where they ranked in the top, but now they are up there for the 1 year (4th place) and you use that to let me/us know how good their research is??? (THE BIG LIE is here—flip your article when the tide changes!) That article doesn’t mean jack! IS YOUR TONGUE GREEN RIGHT NOW?

  I didn't realize how goofy you really are until now, but should have known it by your "stage name". What is a BigPayDay to you anyway---in DOLLARS??? I would seriously doubt anyone would put your research against a "serious firm". If you SERIOUSLY would....all I can say is WOW, ...you are more of a rookie than I thought....and I don't mean in years.    Just for the record, a "real" stock jockey (everybody has 1-2 at their firm) would never use only one research service. They would use 4-5 opinions from the best research firms out there who that is ALL they do, then look at their companies research, and then run it through a technical filter to determine the buy or the sell.   Can you put in one symbol to buy the model portfolio? I can put in one trade at my firm to buy/sell/rebalance across all accounts that hold that strategy in stocks (growth, income & growth)...and do it at an institutional level---pre-retail pricing. The portfolios have large, mid and small companies in them. Show me an edj opinion on a small-cap. We're very serious about research....and the numbers are much higher than your Zacks states. I'm wasting my breath....moving on.
Dec 28, 2007 2:33 pm

Donatello,

  As a matter of fact, we can buy our model portfolio with one symbol.  We have an unit trust from VK that does this.  Thought you would like to know the errors of your ways.
Dec 28, 2007 3:29 pm

[quote=henryhill]Donatello,

  As a matter of fact, we can buy our model portfolio with one symbol.  We have an unit trust from VK that does this.  Thought you would like to know the errors of your ways.[/quote]   So what you're saying, henry, is that if an analyst changes a stock in your recommended portfolio before the end date of the trust, the trust changes the the makeup of the portfolio to mirror your firm's list?    I find that hard to believe.
Dec 29, 2007 4:12 am

[quote=Philo Kvetch][quote=henryhill]Donatello,

  As a matter of fact, we can buy our model portfolio with one symbol.  We have an unit trust from VK that does this.  Thought you would like to know the errors of your ways.[/quote]   So what you're saying, henry, is that if an analyst changes a stock in your recommended portfolio before the end date of the trust, the trust changes the the makeup of the portfolio to mirror your firm's list?    I find that hard to believe.[/quote] Philo- I will answer for good old Henry Hill. The beginning of the trust reflects the recommended portfolio but that certainly doesn't mean that a position gets removed because an analyst changes on them....they are set in stone in the trust. You are right Philo.
Jan 3, 2008 7:57 pm

What I don’t understand is why anybody would buy a 7 year unit trust for their client and charge over 4% for it claiming a model portfolio that will not be actively managed.  Let me explain my position–many years ago at Jones I purchase some CET (Central Equity Trusts) which contained Lucent and Worldcom–though the CET’s did come in at the positive 7 years later–they did underperform a plain old growth and income mutual fund.  So before we buy these things–are we doing what is best for us or our clients?  Buy the way VK gets an annual management fee on these for sitting on their hands!

Jan 14, 2008 10:02 pm

Why not buy the Model Portfolio, instead of the UIT?  It would give you much more flexibility when it comes to dumping dogs like WCOM & LU?

Jan 14, 2008 10:07 pm

BPD,

  Not trying to bash EDJ, but...   Do yourself a favor and DO NOT rely on EDJ research alone.  Use other research firms, then make your own informed decision.    
Jan 15, 2008 2:52 am
exEJIR:

Why not buy the Model Portfolio, instead of the UIT? It would give you much more flexibility when it comes to dumping dogs like WCOM & LU?



True, but I think there are some clients out there that like individual stocks, but cannot afford a well-diversified portfolio. This is the next best thing (UIT's in general) if a client does not want MFD's. I agree that UIT's can be tough if there is a problem with a few holdings. But really, over the course of a few years, the portfolios are generally fine. I don't think they are widely used at Jones. It's just an option. Of course, if Jones didn't offer UIT's, you would bash them for that. So, damned if you do, damned if you don't.

Also, depending on the circumstances, you can take the stocks in-kind at maturity (though recent tax changes have made this expensive in non-qualified accounts). I actually did this several years ago when I used to buy UIT's for my own account (directly through VK). It was at a time that I could not buy many individual stocks, but did not want funds. I still own many of these stocks (albeit small lots).