candy bar,

wah wah wah, we're picking on the firm that does what in the client's best interest.   Take you ball and go home.

[quote=BigPayDay]Did you say debate.....

.....OK I'll play along.

Let's say you've got a 45 year old couple making $250,000/yr in income, plans to retire at 60 years old, doesn't like paying taxes and fully max their 401k plan each year. They have an existing portfolio of stocks and bonds that is high quality and well diversified. They have done their estate planning and already have enough life insurance to cover if one spouse should die and to cover any future estate taxes. What tax advantaged investment strategy for long term growth would you recommend for someone like this? [/quote]

bpd,

Could you clarify something regarding this hypothetical situation:

Are they the average EJ client that doesn't read the WSJ like your buddy Mr. Bill ... I mean Mr. Hill claimed last year or just run of the mill gullible financially illiterate EJ prospects or are you trying to take them away from a true full service brokerage firm?

CJ,



You’re right we have dumb clients, over 6 million of them, that no other firm would want. We rig all the surveys, Fortune, Registered Rep, JD Power, etc. We’ve grown from 500 offices in 1982 to over 9500 offices today because of bad management. Our limited Partnership is a terrible investment that only has averaged 22% since 1990, more than double the S&P. We are the only firm that does revenue sharing, well not actually according to AMerican Fds SAI, they share revenue with the top 75 dealers that sell their funds. You have heard of American Fds, right? Yes, we are a terrible firm because we turn around and share that revenue with our advisors. And yes, we are the only firm who sells “A” VA’s. Yes you’re right. Seems to be a lot of interest on Jones on this board. Maybe the nay ayers are a little jealous? Hummmmm…



BPD



My pay out / total compensation last year was over 60%. Not bad for a non indy.

WOW!  You mean that indies can take a 20% paycut and work for the laughingstock of the brokerage industry????

DAMN RIGHT I'M JEALOUS!

NOT!

What's the matter Chump?  Can't get hold of anyone in St. Louis to tell you what to say now?

That's what I thought.

Have a nice life, Chump.

bpd,

someone has to deal with the trailer park trash, less distance for door knocking.  You have no HNW client programs. Some firms succed in spite of bad management your firm is a good example. Why else would dh voluntarily take a $3 million pay cut and tender his resignation.  10+ years in Canada and 5+ in the UK how big of burn rate in capital is occuring over there? gee the head of Canadian operations makes over $4 million in compensation and what sort of ROI do you have there. Third highest compensated executive is head of your "leading edge" technology  ..... you know the one that doesn't operate during heavy precipation between St. Louis and whichever branch you happen to be in.  And what about that week your firm was without communications in November ..... leading edge technology shouldn't require someone to go knock the snow off the dish so that a trade can be enterred???

Your comprehension is truly effected by watching the swirling blue water while you clean your own toilets, the SEC NASD NYSE and AG for Missouri never mentioned it wasn't proper to have revenue sharing.  What they stated is that your firm should not have mislead your clients by NOT informing them of the relationships you have with the preferred vendors.  By the way What's wrong with using Fidelity products, why doesn't your firm use them?

As for you total comp, what percentage of your brokers receives a 60% payout (according to your math)?

How's about all those "transfer brokers" .... DO THEY recieve a 60% payout in the first year or three? 

As far as us "dark siders" being jealous you couldn't be farther from the truth (well actually you never espouse anything but half truths) I think it's we pity the fools that remain and will get blindsided by your management (and you will get blindsided).  Whethter or you wake up is of no consequence to us, if we are able to help someone who is able to have free thoughts and quit the kool-aid well that's fine by us.

Ever wonder why your firm doesn't permit you to attend vendor functions with brokers from other firms, or at least doesn't allow wholsalers to invite EJ reps to their mixed functions?

Ever wonder why your firm hires "transfer brokers" from Primerica (once brain washed the second time around is even easier).

And you LP is nothing but a bond in drag, but you already know that.

"Ever wonder why your firm hires "transfer brokers" from Primerica (once brain washed the second time around is even easier)."

You're kidding, right? They poach from Primerica? Yeeecchhhhhh

[quote=eddjones654]

bpd,

someone has to deal with the trailer park trash, less distance for door knocking. You have no HNW client programs. Some firms succed in spite of bad management your firm is a good example. Why else would dh voluntarily take a $3 million pay cut and tender his resignation. 10+ years in Canada and 5+ in the UK how big of burn rate in capital is occuring over there? gee the head of Canadian operations makes over $4 million in compensation and what sort of ROI do you have there. Third highest compensated executive is head of your “leading edge” technology … you know the one that doesn’t operate during heavy precipation between St. Louis and whichever branch you happen to be in. And what about that week your firm was without communications in November … leading edge technology shouldn’t require someone to go knock the snow off the dish so that a trade can be enterred???

Your comprehension is truly effected by watching the swirling blue water while you clean your own toilets, the SEC NASD NYSE and AG for Missouri never mentioned it wasn’t proper to have revenue sharing. What they stated is that your firm should not have mislead your clients by NOT informing them of the relationships you have with the preferred vendors. By the way What’s wrong with using Fidelity products, why doesn’t your firm use them?

As for you total comp, what percentage of your brokers receives a 60% payout (according to your math)?

How’s about all those “transfer brokers” … DO THEY recieve a 60% payout in the first year or three?

As far as us “dark siders” being jealous you couldn’t be farther from the truth (well actually you never espouse anything but half truths) I think it’s we pity the fools that remain and will get blindsided by your management (and you will get blindsided). Whethter or you wake up is of no consequence to us, if we are able to help someone who is able to have free thoughts and quit the kool-aid well that’s fine by us.

Ever wonder why your firm doesn’t permit you to attend vendor functions with brokers from other firms, or at least doesn’t allow wholsalers to invite EJ reps to their mixed functions?

Ever wonder why your firm hires “transfer brokers” from Primerica (once brain washed the second time around is even easier).

And you LP is nothing but a bond in drag, but you already know that.

And much like Pamela Anderson, there’s nothing real there!

Fool,



Yeh, you’d kick her out of bed too, just like you did Jones. Now you’re dissappointed. It’s a natural feeling that all IRs who have left Jones feel. Just listen to all of them on this board.



BPD

bpd,

Yes I'd kick pam out out of bed, she's got some real nasty hepatitis and been with way to too many rock stars.  Please note I don't have your firm in my name and you really sound like a candy bar .... your plenty nuts.

It's funy how we answer your questions yet you never seem to replay to our questions from the "dark side" .... 'cuz deep down inside you are scared that we are right.....

Ask a question.

Ok.  Here is a question for you.  Are you aware that those A and B share annuities that Jones has "packaged" specially for you don't contain the same mutual fund sub-accounts as the same annuity that is offered by the rest of the investment world?  Jones has companies...lets say Hartford, for example, package the annuities with the "preferred funds" and excludes the wider range of options that are included in the regular annuity.  You will find that if you are offering side by side with another agent, you will lose out, based on product selection.  Ask your wholesaler, who by the way doesn't represent Jones exclusively.  He is the same guy I deal with too.

Are you aware that your payout on the same annuity that I can offer is significantly less?

Mr. Looney,



You are a funny man.



The number one selling annuity in the industry, not just by jones, is the Hartford American Leaders VA. It is available in “A” and “B” shares. Yes it has non preferred sub accounts such as Aim, MFS, Franklin Templeton. Check the internal cost of the Hartford Edge (“A” share) verses the others by the way.



Here’s the link:



http://www.hartfordinvestor.com/servlet/Satellite?cid=107218 8777772&pagename=HI%2FHLI01Product%2FHLI_Product&p=109353153 7437&nt_hli01_id=1072188777772&nt_section=1092650184749&c=HL I01Product



Mr. Looney (Love typing that), this is the same product that every one on the street sells. Your above points about Jones VA’s verses what the street has are incorrect.



Next question.



BPD

Ms. Looney to you, sonny boy  

Check out the Hartford Cornerstone 401K group annuity product. Unless they have changed it or phased it out in the last few years, the sub accounts are restricted to the "preferred" funds.  Not the same product as is offered on the street. As I recall the 403B group annuity from Hartford was also a special package just for Jones.

In addition some of the fixed annuities your firm offers are proprietary products, as I have found out by attempting to change agent of record on them.

MS Looney (Sorry for the mix up),



I do not use VAs in the qualified arena so I am not familiar with these products. I thought you were discussing the “normal” VAs, not in qualified accounts. I do use these and am not aware of any that are Jones only.



BPD

Here's the link:

http://www.hartfordinvestor.com/servlet/Satellite?cid=107218 8777772&pagename=HI%2FHLI01Product%2FHLI_Product&p=1 09353153 7437&nt_hli01_id=1072188777772&nt_section=1092650184 749&c=HL I01Product 

-------------------------------------------------------

Shrink The Link!!

I don't know if you know this, but the link you provided above can be made considerably shorter by using a free web service that shrinks the long link to a more manageable length. The site is www.tinyurl.com. You simply type or paste the url into the provided space, hit the button, and whallah! Your reduced link is shown below:

http://tinyurl.com/aqvw5

 

Mr. Doberman:



Thanks for the “tinyurl” tip. This is the first thing I consider to be new news

since I began reading these exchanges. I’m a Jones guy and it works for me.

I live in a small town and working in a Jones office is the only way I could

figure out how to combine my real interest, volunteer firefighting/emt, with

a job that I can rush out of anytime. My clients & asst. understand that if I

am not there for an appointment early in the morning there is a very good

reason. Sometimes we just decide to work where the flexibility allows for our

outside enjoyment and money is not the driving force.

Cougzz, good for you.  If it works and you're happy, stick with it!

Good luck!

Starka:

Cougzz, good for you.  If it works and you're happy, stick with it!

Good luck!

----------------------------------------------

Ditto!

And thanks for the lifesaving jobs you do!