RJFS Las Vegas gathering

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Mar 8, 2009 10:00 am

 I was one of about 100 non-RJFS people invited to "shop" them, because I'm considering going indy, and I was impressed.  Did anyone else attend?

Mar 8, 2009 12:46 pm

Was the Vegas gathering for the Indy side or wire side?

Mar 8, 2009 12:48 pm

Did Carl Stuart speak this year? If so, what he have to say? Thanks.

Mar 8, 2009 12:58 pm

I'm old enough to remember when Conrad Dobler lined up with Dan Dierdorf on the STL Cardinals offensive line, so naturally I have an interest in health insurance benefits.  If you go Indy with Raymond James, can you get into a group health plan, or, do you have to qualify through underwriting for your own health plan?  And same question for Finet?

Mar 8, 2009 1:21 pm
sisu:

I'm old enough to remember when Conrad Dobler lined up with Dan Dierdorf on the STL Cardinals offensive line, so naturally I have an interest in health insurance benefits.  If you go Indy with Raymond James, can you get into a group health plan, or, do you have to qualify through underwriting for your own health plan?  And same question for Finet?

 
I looked at Finet. It is basically the same benefit package as Wachovia. Cost wise , menu etc. Group Plan. They can give you the website to look at .
Mar 8, 2009 4:59 pm

RJFS is the Indy side, RJ& Associates is the wirehouse.

 
 
 
Mar 8, 2009 5:29 pm
no idea:

Did Carl Stuart speak this year? If so, what he have to say? Thanks.

 
I'm afraid I didn't get to see every presentation, so if he spoke, I missed him.
Mar 8, 2009 9:13 pm

I was there. My team and I are awaiting our formal offer and in all likelihood will accept.



We are leaving FiNet.

Mar 8, 2009 9:35 pm
punkbynature:

I was there. My team and I are awaiting our formal offer and in all likelihood will accept.

We are leaving FiNet.

 
Were you sitting next to me at breakfast Friday morning? I was shocked to meet a FiNet guy there. Could I ask you what sort of transition money they offered? PM me if you'd rather not say in a forum.
Mar 8, 2009 10:07 pm

Also looking at RayJay. Any discussion about the auction rate securities? If they end up paying out on it I'm told that will cause them to have to file bankruptcy. I'd hate to make a jump then have to explain that to clients. Any thoughts?

Mar 8, 2009 10:17 pm
FABroker1999:

Also looking at RayJay. Any discussion about the auction rate securities? If they end up paying out on it I'm told that will cause them to have to file bankruptcy. I'd hate to make a jump then have to explain that to clients. Any thoughts?

 
That was addressed in the Town Hall Meeting.  Short version of the story,  they don't have enough "frozen" ARS issues on the books to cause a bankruptcy, or anything near it.
 
Perhaps an RJFS partner could address the issue in  more detail on this thread.
Mar 10, 2009 12:37 pm

I attended.  Good info & mtgs.  Talked w/ folks from lots of depts.  Workshops by economists, M Fund Pres, etc, good stuff.  Meetings w/ all RJFS heads. 

 
Side note; Friday eve, during Chicago Band, Tom James & wife were dancing right next to us, having a great time.
 
Did you catch, in 1 meeting he mentioned in 1974 the firm had 1 mil cash and was burning thru 100m month?  Made him rather conservative thereafter.
Mar 10, 2009 1:28 pm

Bye to Finet.  We accepted the offer to RJFS

Mar 10, 2009 1:39 pm

welcome to all you guys and gals making the switch. we have been here for 2 years and absolutely love RJ!

Mar 10, 2009 2:08 pm

We're looking forward to the move.

Mar 10, 2009 5:32 pm

Welcome aboard...


You won't regret it!  I haven't looked backed since leaving AGE 2yrs ago & I abosultely love RJFS.
Mar 10, 2009 10:25 pm

I came over from UBS in 07. (Thank you lord - I had to exercise my UBS options at $37) RJ is a great firm. The conference re-affirmed my conviction. I looked at Finet but concluded that I would be more than another number at RJ. I can actually speak to the analysts, management and the executive team by just picking up the phone.

Mar 10, 2009 11:49 pm

What about health insurance with RJFS?  Do they provide a group plan without underwriting or individual coverage?  Seems to me that a self employed person, if paid via a 1099 MISC and filing SCH C for taxes would not qualify for true group coverage. 

Mar 11, 2009 1:17 pm

regarding syndicate, do they participate in many offerings? accessible?

Mar 12, 2009 4:00 pm
FABroker1999:

Also looking at RayJay. Any discussion about the auction rate securities? If they end up paying out on it I'm told that will cause them to have to file bankruptcy.

 
I really would check out where you are getting your information as it is not good.  That story has been told to me by several Ed Jones brokers.  
 
 Tom James owns 41% of the stock and does not put up with crap.  The PIMCOs of the world who will not make their clients whole on the ARS are the real problem.   RayJay has a application for TARP money if it comes to that but I hope it will not be necessary. 
 
IndyEDJ
6 year Ray Jay Vet.