Average Gross Production

Uh, like www.registeredrep.com; Special Reports...Compensation Reports

Scrim67- Average production numbers are pretty useless in and of themselves...

[quote=noggin]

Scrim67- Average production numbers are pretty useless in and of themselves...

[/quote]

That's true for a variety of reasons.

The only one that's important to me is mine.

how about a set amount of money lets say 50 million in assets
how much would a wirehouse, indy, and bank make each with that much under their belt?

Edward Jones has the highest producing brokers.

[quote=Starka][quote=noggin]

Scrim67- Average production numbers are pretty useless in and of themselves...

[/quote]

That's true for a variety of reasons.

The only one that's important to me is mine.

[/quote]

I knew we would agree on something sometime. I hope you are well.

[quote=Incredble Hulk]Edward Jones has the highest producing brokers.[/quote] Producing what?

Producing the most mutual fund to mutual fund swaps, i.e., non-preferred

to preferred. Bet there aren’t too many Pimco Bond Funds on the books at

Jones.

Pimco Bond funds rule.

"Edward Jones has the highest producing brokers"

IH- you are a hack and your ignorance amuses everyone on this board... I look forward to reading your posts so that I can laugh a little while sipping my morning coffee... You will wake up 18 months from now and realize that you've choked on all the crap they've fed you....  Then you will posting a "Just left the business and going back to get MBA- whats a good school?" post...    

They have the best payout.  Look it up on Registered Rep Magazine.

Your short reply suggests that either you are busy flipping American Income Fund into Franklin Income… or that your intelligence level is on par with a brainwashed monkey with about 6 months industry experience and about 400K in AUM… HMMMMMMMMMM…

6 months industry experience and about 400K AUM is HUGE!   I AM NOT FLIPPING FUNDS.  We hold funds for our clients much longer than the average investment advisor.

[quote=Incredble Hulk]6 months industry experience and about 400K AUM is HUGE!   I AM NOT FLIPPING FUNDS.  We hold funds for our clients much longer than the average investment advisor.[/quote] Un-Credible Hulkster: You using the “liquidate and transfer” form yet? Makes the other firms APPEAR to be selling funds quicker than average. What is the avge. holding period @ jones/other firms anyway?

Jones is a long time.  A good four years or longer.  Much longer than the national average.

Hulk hate to burst your bubble, but the top-producers are at ML,

The guys at the wirehouses typically produce the most, next would be
the regionals ex. AG Edwards, then independents of course. Jones is
none of these. Reason being that this is true to my best understanding
and I’m not in the business yet, (still in business school) and guys
correct me if I’m wrong but, the people with the serious money that
every FA wants to get, wants a firm that has a big time name and rep.
not some bargain broker that every tom, dick and harry can go too, b/c
everyone is a little pretentious especially the ultra high net worth,
also they want to have the options that some firms ex. Jones does not
allow its brokers to use. These are things that I have noticed on my
own, b/c someone in my family is with Jones, and I’ll leave it at that.
Anyway back to the original topic, it’s extremely hard to produce lots
of money with the avg client account around 60K, see what I mean. Thats
why all the bigger firms and moving more towards the high-net worth
sector, catch my drift, just my 2 cents, but I might be wrong, I’m
still in school.

rook4123,

   Sorry to correct you, but on the AVERAGE of all brokers per firm, independents gross substantially less than the average Edward Jones rep.  Example: average Gross at Raymond James and LPL is less than 200k.  You unfortunately don't have a clue.  Jones not a wirehouse?  wow, haven't heard that one before.  Maybe you should continue going to class before you pop off again.

Like you have any room to talk, oh clueless Kool-Aid Chugger.

I can’t believe people are responding to this guy.  Here is a hint (or should I say hnt), spell check.

In case that wasn’t enough of a hint, go here:  http://forums.registeredrep.com/forum_posts.asp?TID=2456&amp ;PN=1

after I posted, and made a few grammatical errors I knew I was going to
be berated for it, sorry I don’t give a s—, I don’t take the time to
review it, b/c I have better things to do,  and I believe Reg.
Rep. said that Jones is not a wirehouse, also Jones does not want to be
considered as one either. And yes, I already knew that about Ray Jay
and LPL, just b/c Jones is not considered as any of the 3, doesn’t mean
that they have worse production than the independents, avg production
for a Jones broker is about 250k with around 37AUM, which is prob. more
than you’ll ever do

–rank

And for the record, I don’t have any problem with Jones, so don’t jump
on me in defense, I think they have a successful business model, and
some people would consider working with no other firm, and that is
great for them, however, I was simply stating that no, they do not on
avg have top producers like ML, when the top 200 producers in the firm
are below the avg at another firm that is not good.



Sidenote—I think jones is a heck of a lot better than Morgan Stanley, even though M.S. guys produce more

Gross is a meaningless number to a broker.  What really matters is net/net.  On average, 20%-25% of gross is a good number for take home.

[quote=Incredble Hulk]Jones is a long time.  A good four years or longer.  Much longer than the national average.[/quote]

Hulk

keep it up...never stop...you are the best at stirring sh#t...I love you man.

Jonescapee,

I am not sure I know what you are talking about. 

Rook4123,

I hope you are not from Edward Jones.  I agree with everything you say.  For example, "Edward Jones has a successful business model."  They have also THE BEST business model (right next to the Chinese restaurant.)  But, your writing skills have alot to be desired.  I am embarassed to be a colleague of yours.

Sincerely,

IH

IH



If you say so, and I’m sure your smarter than me.  Also I write
fine, when I try. Like I said I dont try to impress you guys in here,
your not potential clients. And no I’m not with Jones, nor do I think
you are anymore. I have come to the conclusion your just someone who is
trying to stir sh-- up. Amusing but nevertheless, still annoying. If I
had to guess your probably a disgruntled broker who left EDJ b/c of
compliance issues, just trying to get a rise out of your buddies. I
could be wrong you could just be going heavy on the koolaid, lay off a
little buddy, it might help that erectile dysfunction…

sidenote IH I bet I’ll make more money than you this yr in my lame
sales job while taking a full load of classes than you will at Jones.
Sad but probably true. Nothing special between 40k and 50k.

You are probably right, rook4123.  However, my di*k is larger than yours without the koolaid.  I use viagra.

finally something to agree on–



I bet you thought gracie was going to beat huges didn’t you,

what a silly little boy

My Dad can beat up your Dad!