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Nov 9, 2005 10:57 pm

[quote=Guest1]Hmm, I have DSL and a PC in the office. As well as Jones email. Come on guys, be a bit more accurate. Oh XEJ, I am posting this from work on the Jones system.[/quote]

You mean from your tiny little desk in DesPeres....what department do you work in?

Nov 9, 2005 11:09 pm

 Guest1 is  a joke,email at edj please!!! Its still being tested whatever that means

Nov 10, 2005 3:56 am

[quote=ctlatinger]

Just talked to a Jones buddy this morning, and he asked me if email was helpful...didnt say anything about everybody having it.  I am still friends with my former BOA, and have talked with her about once every 72 hours since the move...nothing about email.  I dont buy it...but I dont care, I just think you arent being truthful.

Your buddy is clueless. The new IR I was working with has it in their office. (took over a shell)

One thing, what has been the purpose of the online PC in your office for the last 5 years? If you cant send email, and cant keep client info, and dont have alot of Websites blocked by jones...why the hassle? I am being serious here, not throwing flames.

Don't worry, your flames do not bother me! I use it for outside research, have a morningstar subscription, Bill Good (at one time, big mistake) What client info would I want to keep on a pc that I can not keep on JCMS? Unless I was planning on leaving and STEALING the information, why bother.

CT, unlike a lot of the professed Jones people posting on this board I am not here for ego or to fight the fight. I enjoy the controversy and Zacko knows I am who I say I am. So don't insult me by telling me I am lying here or do not know what I am talking about. I can talk (and do) production with the best of them. This board is just a cheap amusement.

[/quote]
Nov 10, 2005 5:52 am

I don’t get the whole wigout thing on edj Guest1. I would think that
tradeoffs are made where ever you go. I am a new IR and I like most of
what I have seen at jones, I say most cause only a fool likes
everything. I could have gone in a number of different directions but I
chose jones for the fit.



If you make more money than I so be it. I like the idea of being part
of something bigger than myself and also being able to do my own thing
a big part of the time too. Having done sales in other enviroments I
have seen where putting a bunch of swinging dicks in the same office
winds up in a big head game wear sales levels wind up becoming like
some big zero sum game. So if I want to be part of an organization but
I want a bit more team work I think I have found the right place.



I think that the Wirehouse guys and the Indy guys are coming at this
from two different directions. The Wirehouse guys are like towel
snapping frat boys who enjoy pushing out newbies who like to pushout
newbies and take their accounts and prospects.



The Indy guys are a bit more sincere. They just can’t imagine anyone
not wanting to go it completely alone. They see the payout as the end
all of why they have blazed their particular trail. For this I commend
them and admire them. I have run my own business and I don’t
particularly wish to do it completely independently on my own. Day to
day attitude is a different story.



I have seen IR’s that are goofy and fun and make a bunch of money
working with people who appreciate this type of personality and I have
seen the tight ass types who draw upon those who appreciate this.
Either way is ok. I might be abit of both.



The wirehouse guys who like to sh*t all over and sewer those in their office continue this attitude here.



Just my perspective what do you think Guest1?

Nov 10, 2005 7:14 am

Don’t give the INDY guys so much credit. I agree, it is NOT always about the money. (hmm, I stated that a few threads back and got blasted) have fun with what you are doing, work hard (I assume you are newer) an STAY AWAY FROM THIS BOARD! It is full of people with way too much time on their hands, limited knowledge on the subject they are commenting on and too many axes to grind. (myself included on occasion)

Nov 10, 2005 1:16 pm

[quote=Guest1]It is full of people with way too much time on their hands, limited knowledge on the subject they are commenting on and too many axes to grind. (myself included on occasion)[/quote]

I have to agree with you there, Guest1.  I've always found, based upon your posts, that you have limited knowledge along with an axe to grind.

Nov 10, 2005 1:30 pm

LOL

Nov 10, 2005 1:35 pm

[quote=Guest1]STAY AWAY FROM THIS BOARD! It is full of people with way too much time on their hands, limited knowledge on the subject they are commenting on and too many axes to grind. (myself included on occasion)[/quote]

g1, you sound like a gp wannabe?

Nov 10, 2005 6:27 pm

Guest1 has always done his best to argue the points and point out any inconsistencies in most anti-jones messages put forth within this forum.

Although I am certain he is incorrect and misled in regards to Jones--I still have a very high degree of respect for him and the way he has built his business.  He is far from a liar and has a more successful practice than 95% of the people who post here, maybe even myself included.

Nov 10, 2005 6:43 pm

[quote=zacko]

Guest1 has always done his best to argue the points and point out any inconsistencies in most anti-jones messages put forth within this forum.

Although I am certain he is incorrect and misled in regards to Jones--I still have a very high degree of respect for him and the way he has built his business.  He is far from a liar and has a more successful practice than 95% of the people who post here, maybe even myself included.

[/quote]

G.

I'll ditto what Z said, but you've got to clear up this email thing.  You seem to be losing credibility with that one.

Nov 10, 2005 7:11 pm

1) Seth, I am concerned, is unfortunately already absorbing all he is being told. I work in a wirehouse now...the environment isnt as he describes, I doubt he has worked in one.  Any firm has its flaws, but for me - my current firm is light years ahead of where I was, and is allowing me to build a business the way I want.  Some may be that way but not all, and at the end of the day, Jones or not - 10% of people remain 5-7 years down the road - so someone has to help these clients that dont have an advisor anymore. 

The fratboy environment stereotype comes from the drive it takes to succeed - winners dont want to be around losers...and in this case losers isnt a personal slant, it is relative to an individuals ability to gather new assets and service them.  Honestly, I dont think it is so much fratboy as it is raw capitalism - reward the winners alot...and take from the losers.  At Jones you can sit in your office and look at the Monthly Standard Chart, and feel okay about yourself - at the wirehouses, the production of all is put on the wall to look at and measure - works for some, but some not all - just as Jones works for some, but not all.

2) I dont know enough about Guest1, maybe Zacko knows him personally from back in the day, but the extremes Guest1 represents from the Jones standpoint often get to me.  I dont see people rushing to back him up about email after 24 hours or so on the board, and lots of Jonesers read the board.  I just left there 3 weeks ago...Seg 3 producer, in touch with the firm and what was happening, spoke with several jones people in the last 24 hours...and none have email. Liar...most likely not....but I dont understand the steadfastnest in representing what is likely untrue based on all the information available. 

I would think...maybe incorrectly, that had by circumstance everyone in Jones gotten email except 1)my former office, 2) My seg 3 friend I spoke with, 3)My 2 seg 5 friends, 4)and my 1 seg 4 friend...that this board would have lit up with responses from Jonesers.  That hasnt happened...we just have Guest1 non-chalantly stating "I have email, no big deal, had a computer and DSL for years". Maybe my logic pattern is flawed, Ive been wrong before - I did leave Jones afterall.

3)Where the heck is Babbling Looney...havent heard from her in a while..or am I happening to pick posts she isnt on?

Nov 10, 2005 7:24 pm

Wow, almost positive comments directed at me? Maybe it's time to leave (sell at a high) however, I am not worried about losing my credibility on an anonymous board!

That said, I am also not arrogant enough to think I know all things, Jones or not. I called 6 IRs in my area this am and all 6 have email. I then called several I know in Zackos state, only one of them did. So, I am saying that MAYBE I WAS WRONG in that everyone had it today. It could be a geographical rollout. Don't know, don't care.

(I know my email works because I got the RRMAG report card survey. Can I fax it to someone to complete the Jones part for me? LOL) 

Nov 10, 2005 7:30 pm

"The Wirehouse guys are like towel snapping frat boys who enjoy pushing out newbies who like to pushout newbies and take their accounts and prospects. "

Seth, with all due respect, try to tak e alook at a number of clients brought on by newbies in the business.  A hungry new FA will do what they can in the early stages to bring on any decent client.

On the other hand, a tenured wirehouse "fratboy" is typically working with higher net worth clients and working off of a referral system (obviously there are cases where an FA will have smaller clients in their book and most will always continue to market - simply for examples sake before you Jonesers come up with a quick comeback).

In my experience, a seasoned successful "fratboy" will not poach off of the newer producers when they leave.  Those accounts will typically go to call centers, unless they are a solid one. 

Any wirehouse producers - correct me if I'm mistaken.

Nov 10, 2005 8:15 pm

BR,

There definately is nudging. I have experienced this. I never understood why it was worth it to a guy who is making $500,000 a year, to mess with newbies. I guess, the favor factor with management. (If Sr. takes newbie under his wing, so Mgr. does not have to baby sit, who do you think inherits newbies Asetts when they fail, and who does management reward, when an opportunity to direct new business comes along. When Joe 35 year vet decides to leave and try and take his $400 million dollar book to LPL, who do you think gets first crack at Joe's big accounts----the loyal senior brokers.

The big guys get bigger, and newbies fight for there lives. However, It's a right of passage thing. My partner (1 million dollar guy), tells me of when he was new, and had to deal with the same crap.  Survival is key. If the firm "likes" you, and feels you are a good representative to the community, they will bend over backwards to help you.......not everyone is "liked".

Nov 10, 2005 11:03 pm

I know of many larger producers that like to help out, in fact they are
more than willing to donate time, just not in the middle of the
day.  I am run rookies in our office and I blasted an email out to
everyone doing over 750K in production asking for them to serve as
mentors and/or speak at meetings…90% said to 1 or both.  They
don’t get paid, just get a little satisfaction from helping out, plus
stroke their ego a bit.

Nov 15, 2005 3:53 am

[quote=rightway]I know of many larger producers that like to help out, in fact they are more than willing to donate time, just not in the middle of the day.  I am run rookies in our office and I blasted an email out to everyone doing over 750K in production asking for them to serve as mentors and/or speak at meetings...90% said to 1 or both.  They don't get paid, just get a little satisfaction from helping out, plus stroke their ego a bit. [/quote]

Yes Rightway, there is a Santa Clause..............except those producers over 750K help out because it helps their BONUS, and their LP, or GP, I was one, you help because you get paid very well to do so, if you don't you don't get LP and don't even think of GP if you are not actively helping, it will never happen.........

IT's ALL ABOUT THE MONEY...ask T.O...........Once I understood it, I left and now I keep all of the extra time for my family, and I get the bonus( more Commissions & Fees) to help my clients instead...............