RJA vs RJFS

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Oct 15, 2009 9:57 pm

Wondering what the pros and cons are with both. Wonder why RJA cant seem to gain any market share traction? ARS settlement or lack thereof?

Oct 15, 2009 11:33 pm
mlgone:

If you go to jones you can win the "Golden Shovel"




Golden shovel    wtf?



golden shower?

Nov 15, 2009 6:00 am
RJA:
-  40-45% payout
-  Bonus eligibility
-  Insurance
-  SA paid for
-  Typically more FA's (traditional "brokerage firm" feeling)
-  Nice office space
-  FA's don't have to worry about tedious day-to-day tasks necessary to keep the office up and running
-  YOU own your book of business (both RJA and RJFS)
 
RJFS:
-  Much higher payout (90%)
-  Essentially own/run your own business
        -  On your own for:
             - Office Space/supplies/equiptment, etc. 
             - Insurance
             - SA
             - Charged for each trade (can be a negative if you manage a lot of discretionary accounts/do a lot of trading)
 
 
These are just a few of the basic differences.  I'm sure there are more, just can't think of them right now.
 
Regards,
SJ