Ex,



I was referencing Sooth, not you.

Oh,

I saw reject and assumed........nevermind.

Is seems like to me that you should have the ability to hire on a newir in your office if you want to to share the costs of running the branch.   Is this true that it is discouraged other than for family?

Jones IR it is not your office! It is Edward Jones office you only pay for it! 

Sorry for the truth!

Happy New Year.

[quote=BigPayDay]
Sooth,

This sounds like a very serious matter. I am certainly glad you brought it to my attention. We wouldn't want an IR's bonus to be too big. As my 12 year old daughter would say, "Whatever." You need to come up with something better than this, all Mighty Sooth. You must really have someone on the inside feeding you some unbeleivable info. I wonder if the Journal knows about this.

Did you ever get a bonus at Jones. Doubt it. Is this why you are JEALOUS?

BPD[/quote]

Dude, you need to get me figured out to know that I don't post a bunch of bullsh*t on here.  When others have said that sales of the preferred funds contribute to an IR's bonus through their P&L, I have been quick to point out that is FALSE.  When others have said that only the sales of preferred funds count toward Diversification Trip points, I have been quick to point out that this situarion only existed for a short time and was changed mid-stream during one contest period.  I know.  I was still working there when this happened.  I have also said on this forum several times that Doug Hill was the fall guy in the revenue sharing settlement.  For the most part, he is a good man who was in the wrong place at the wrong time.  I think he should have resigned immediately, but that's a whole other topic.  So, when I say expenses are being shared with no Goodknight in place, you can take it to the bank that it is true.  There is a whole litany of reasons for why this is a bad policy and practice.  Mostly, Regional Leaders can play favorites to suddenly make 1/2 of a broker's overhead disappear. 

I did earn bonuses while at Jones.  Several of them.  I ran my business like a business.  I operated a relatively small (in terms of square footage), efficient, no frills office to maximize my bonuses.  So, when some jackass can go and lease 2000 sq. ft. and build it out luxuriously, and then fail to be profitable for years despite decent production, what does the RL do?  He dumps half of that on an unsuspecting newbie.  The good thing about Jones is you can have the kind of office you want.  If you want a freakin' Taj Mahal, but can't make it profitable, that's your problem.  It is not the job of management to halve your expenses, and falsely make you profitable simply because you over-leased and have the "room" to house an additional IR.  Get the point?

Sooth - I vouch for your last comments for it was I that made a few comments that you corrected me on - as you stated. 

I also love how you nail BPD - he tries to act as though he's an IR when it 's so obvious that he's at the home ofc - training new IRs.  Your comments also point out exactly why I and so many others despise Jones -they are hypocrites.  The rules are set for the connected in one way and the unconnected another way. 

Keep ranting!

Weddle hopefully will make some real changes, but I kind of doubt it. I think I am getting closer to leaving the mighty ship. Hope I can get the little woman to buy in.

Wondering if others had the same results this year,  assets up revenue down.

Jones brokers= clueless   as evidenced by this thread. 

readytogo:  My assets were up and my revenue was down as an indy this past year.  What you say?  I put 15 million in fee based and C shares last year which caused it though.

Go indy man! I was a top producer at Jones and going indy was such a good move.  Been working on fee based business as well as C shares and have about 40% of my business annuitized at this point.  It's taken a couple of years--and in spite of what the darkside tells you--it's MUCH better over here.  Join the force! 

JonesIR,

Are you in for some surprises! Two IRs in one branch?????? Only if you are a big producer, RL, GP  (or you are relative of one othe privious three).

Supervision is the big concern from an SRO prospective.

eddjones654

Senior Member







Joined: Dec. 03 2004

Location: United States

Posts: 107 Posted: Jan. 11 2006 at 1:51pm | IP Logged    



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JonesIR,



Are you in for some surprises! Two IRs in one branch??? Only if you are a big producer, RL, GP (or you are relative of one othe privious three).



Supervision is the big concern from an SRO prospective.





eddjones : What did you mean supervision is the big concern from and sro perspective?