I had a similar situation at Jones with a move. I was disgusted with the fact that they would open an office for a new IR but would make an experienced IR work out of his car. You have two choices, go for the money at ML or go with SSB. If it was me I would go for the money. ML also has a better Health benfit program. Don’t count on your book transfering with you. ML has a totally different way of doing business, AND EDJ has been fighting dirty to keep accounts. Best of Luck

Think long-term.  Where will your practice benefit most in the long-run.  Many people out there have seen the constant turnover in management and it is a very agravating process.  If you have a good manager on your side, it could help out in the end, regardless of where it is.

LEAVE ASAP…

  I am with LPL and  have zero complaints but if something went wrong I would just open shop as a RIA! It could be an option for you? 

I just left 'Jones. They f**ked with me enough to make me look around and a golden opportunity fell in my lap. Jones is not the only firm out there. Look around. take 10 mill and go indy if nothing else…

how did jones f**k you ? Have been good to me, so far. Intersting interpretation of the verso

Dazed, he didn’t say they "fked" him…he said they "fked with him.  There is a difference.

I don’t think you have they AUM to go indi. I suggest you check to

see if a wirehouse will give you a check based on you production. It’s

usually around 75% of your trailing 12 pluse another 25% in

incentives the next couple of years. Your only problem is that they

might go after training costs if you leave to another firm. Make sure

that the new firms provides an attorney and that they are willing to

come to a settlement with EDJ. Don’t get caught with your pants

down

Upondow- You show a tremendous amount of loyalty, I would think any firm would be lucky to have one as devoted as you. Cmon now, you can’t be serious?? You started with 6M and added 6M to that. You decide you want to move and because EJ doesn’t give you an office to start with and assets, you suddenly decide to start taking other offers? You are not telling the whole story, fess up…

I say go to AGE.  It is a nice transition between Jones and ML or SSB.  Jones is all transactions.  ML and SSB are all wrap.  It would be like trying to put square pegs into round holes.  AGE offers some of both.  The product mix will be somewhat familiar.  Kind of like Jones+.  And, you might actually be able to do that really, really risky stratgegy for your clients named “covered call”.  I wish you luck.  And, if it’s only an hour away, I say drag as much as you can with you. 

Sooth,



Good advice. If I weren’t at Jones I’d be at AGE.



The hour commute would be tough though. That’s two hours a day you aren’t spending with your family or spent lowering your handicap. 520 hours a year or 22 days a year or 440 days in a 20 year career. One advantage of Jones is you can work where you want to live. There is something to be said for that.



Sometimes the grass is greener where you water it.



BPD

UPONDOW,

Move up and away from EJ.  The support of product, technology, proximity to your branch manager (at least you get to know who this is) AND health insurance!!!!!  You may have to initially share a sales assistant, but you won't have to train her while you learn.  Also if your communications system goes down, you won't have to wait close to a week for it be worked on.

candybar,

Grass is also greener over the septic tank, and green grass attracts dogs who'll piss all over it not to mention all those pesky Canadian geese I see on the golf course next to my home and we all know that Canadian geese + green grass = alot of fertilizer that you hate to walk in.

[quote=Starka]Dazed, he didn't say they "f**ked" him...he said they "f**ked with him.  There is a difference.[/quote]

At Jones, Drinking the Kool Aid their IR's don't know the difference!

Just read BPD or is it BFD?

Just so people understand the symbols at Edward Jones:

Managing General Partner & GP's

IR's that are Drones (LP's)

IR's That are Clones  They really got tagged.......That is why is name is Dazed........

how did jones f**k you ? Have been good to me, so far. Intersting interpretation of the verso

First and most importantly the Proverbs verse is the NIV interpretation. While I don't own a King James I probably should... Secondly "they" offered my BOA a location 2 miles from my office. see, she was a licensed BOA. She knows every customer, prospect and prime door knocking areas. She was out one week and wsa door knocking my customers. How do I know? They called me and told me. Of course she acted as if it was a coincidence. I was meeting expectations  out 5 years. I just left and my top 20% are coming with me. The town I started in (from new/new) is small. It's not a big market area. She, since I left,  has been offered my old office and my people are telling her they are moving with me. SHe gets the garbage, I take the good stuff AND take over an office 3 times the size. They all can KISS MY ASS...'nough said

Sniper, sorry to hear of your experience. prov 27:14 NIV in my Bible NIV says.

14 If a man loudly blesses his neighbor early in the morning,
       it will be taken as a curse.

BPD,

I would say you are partially right.  IR's are allowed an office close to home...if that area is not already saturated.  I live in suburb 20 miles from a large city.  There are seven EDJ brokers in my town.  A new one wanted to open up and they told him if he wanted to, he had to set it up either in the larger city, or a smaller one 45 minutes outside of mine.  I have also heard from people that have had the same thing happen.  It's great if there aren't too many, but once it gets to that point, sorry, no can do.

Dazed-

You are absolutely correct...the text I meant to use is Proverbs 14:23. Thanks for pointing it out.

As for 'Jones...they are good at what they do. However  I did not feel that I needed to stay around. I landed on my feet at a credit unioin and I have more then I can handle now. I took over assets three times the size of my book with no non-competes when/if I ever leave and my health care is paid...MY WIFE LIKES ME AGAIN. Now i gotta change that auto-sig...