So long, mr weddle
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My history with Jones:
11 years with the firm. 5 years in the field. Took over a small office of about $6 mil. Seg 3, probably hit Seg 4 next year. Not a fast starter, but I also have a couple of kids I'd rather watch grow up than spend 60 hours a week working. When I was in home office I spent almost 5 years in New IR Training. Before Jones I was a college boy. Business degree from a small private college. I've never met Jim Weddle. Would love to be a GP.I'll be fair...I was previously at Jones for 4years...took over a 3.2m office. I left the office, it had 34.5mil Seg 3-17k trailing 4. I've been at LPL for shy 12 months...I will add the Jones transfer and new money coming in Monday...to 17.3mil. If this time next year I'm not at my old level, I will banish myself from this forum.
Show me yours and I'll show you mine.
Just kidding. Just under $25 mil. Not great, I know. Would you like to know my blood type too?
Spiff-
Another sign of your impending transition....11 years with the firm and never met the big guy...Mr. Spiff,
With that sort of limited industry experience and a "leg up" in the field (so to speak), you seem to be taking a very high road when you speak to others. New IR Trainers sales instruction is wonderful, but competive knowledge is limited to an almost evangelical mindset. I'm paraphrasing "EJ is the only firm that is pure and always does what is best for the client" and we know how much that cost you. (no LP for nearly 6 or was it 7 years) Do your family a favor check with a head hunter for brokers to see what your worth really is. If you really want to do right by your young family, you should see if the grass is greener. For the same amount of work your family would be much better off. As for your blood type - it seems to be tainted green, and I don't think it's Vulcan blood either.foot - Does my meeting him change my career or give me any additional asset gathering skills?
When I was in the the home office I met Bachman several times. I've never had a really good reason to go rub elbows with the MP. From a career advancement standpoint I'd say the more important people to meet would be the area leader GPs. Since it's a good ol' boy network if you can get in good graces with those people you might get the chance to take over a juicy office, or get assets when some guy like spears exits the firm, or be first in line for other sweet opportunities. Jim Weddle doesn't make those kind of decisions. Maybe my blood is tainted a little green. My firm has given me opportunities no other would have. I've had offers from several other firms. But you have to weigh the long term gains over the short term ones. I'm happy with Jones. I know Jones isn't perfect. If anyone could point me to the firm or situation that is, I'd gladly jump. At this point indy doesn't attract me.Okay…I’m going to do the math…5 years 25mil in assets. Started with 6… 19/5 + nothing but bullmarket=you bring in 3 mill a year. What the hell. Alright…GET OFF THIS BOARD AND GET ON THE DAMN PHONES OR THE DOORS. You will never be GP with these numbers. I will start mentoring you, because obviously whomever is mentoring you is doing a shit poor job! What number of contacts are you making daily, weekly. How many prospects in your system? How many appts do you have daily, weekly. Number of Green, Yellow and reds. It is now my only focus is to get your numbers up…
For example..today..38 calls in the system..made 14 presentations. Made 1 appt for transfer Monday evening and called an old client who is off Monday. He set an appt to transfer 2 IRA's and Jt acct = close to 1/2 mil. Hell this is Friday, I've posted several times, looked at ESPN website, took daughter out to lunch...wrote paychecks, paid bills. WHat in the sam hell are you doing Spiffy. Aren't you like growth leader or someother bullshit for your region. This is the same bullshit that pissed me off while I was at the network marketing firm.
[quote=Spaceman Spiff][quote=Broker7]
Only 4% of new news make it to the 5 year mark...good luck...you will need it[/quote] Where did you get that stat? Out of your butt?[/quote] Straight form the horses mouth..a GP in the growth dep. Why do you think there is little/no growth in the firm even though 100-200 new news get hired every month?? You were in new IR training..you saw all those shiney faces, get fired or quit if they did not take over an existing office. And the good ones goto other firms or go independent before 5 years. You need to get off these boards and get to work..your numbers are below par. Get to work![quote=Spaceman Spiff]
Show me yours and I'll show you mine.
Just kidding. Just under $25 mil. Not great, I know. Would you like to know my blood type too?
[/quote] One more thing. Do not attempt to make seg 4 with your $24M aum and current asset gathering abilities . You will only be churning and burning you clientsAnd to add…You’ve been blowing you mouth off about doorknocking and how it works…blahblah…and here you are…a card carrying member of the Jones cult and you bring in 3 mill per year. What the hell…you’ve got to be pulling our leg.
[quote=Spaceman Spiff]
My history with Jones:
11 years with the firm. 5 years in the field. Took over a small office of about $6 mil. Seg 3, probably hit Seg 4 next year. Not a fast starter, but I also have a couple of kids I'd rather watch grow up than spend 60 hours a week working. When I was in home office I spent almost 5 years in New IR Training. Before Jones I was a college boy. Business degree from a small private college. I've never met Jim Weddle. Would love to be a GP. [/quote] "......................... one time at band camp" okay spacely sprockets time to start really brown (or green) nosing, 'cuz you're starting to look like the tidy bowel guy just after the flush has started.Spiff, with all due respect, I hit those numbers in 2 years starting from absolutely zero in the 2001-03 bear market. Never had a single account distributed to me in my entire career at Jones. Not to be a total a-hole, but Dude, you’re a slug at best.
p.s. : spiff, I completely agree on the family thing. I always get to every game, etc-- I was even the coach! But Spiff-you can have it all! You have an asst that you do not have to share! It is simple–PROSPECT at work (BOA does the rest), paperwork to asst, make 90K per year minimum, go on free trips, spend time with family!
post here after kids are in bed only.Are you done having fun with me yet?
I realize I don't meet all of your expectations. My apologies. I don't remember ever telling you folks that I was a big hitter. If you construed my comments as such, that was your fault. I'll try to get my numbers up next year so I can have an opinion like the rest of you do.Spiff…
Let all this clowns sit around and play ‘mine is bigger than yours’, and focus on what you need to do to make your goals.