Do I HAVE to knock on doors?

Oct 24, 2009 7:09 pm

If I come to Mr Jones with a large database of former customers and prospects from a prior business (enough to make warm and cool calls for several years), will they still INSIST that I go trick-or-treating for investments in the neighborhood?

Oct 24, 2009 7:18 pm

Ooo, with that attitude, you’d best look elsewhere. I’ve been at Jones for more than a year now, and have seen lots of roadkill along the way for guys who thought they could “out-think” the Jones system. LOTS of them.

Oct 24, 2009 7:23 pm

LeaseNoMore, at any firm in which you are an employee, you will have to do it their way in the very beginning.  However, once you get started, they won’t care what you do as long as you are producing. 

  How do you have enough names to make calls for several years?  If you need someone to have $100,000 to make a decent prospect, how many names of people do you have that fit that criteria.  Keep in mind that if you are calling for that, you will probably want to make 200 dials a day +. 
Oct 24, 2009 7:25 pm

If you already have a database large enough that you think that can succeed with them alone why even go to Jones?  Go independent and triple your payout.    You’re gonna do it in 3 years anyhow so why not save the time right from the start?

Oct 24, 2009 7:35 pm

Baldy is right. I’d join an insurance firm if I had a large database of people to call on. Think it would be hard to go Indy from day one with no experience.



Plus, if you already think Dking is beneath you why join a firm that prides itself on it? Grow up.

Oct 25, 2009 1:17 am

[quote=LeaseNoMore] If I come to Mr Jones with a large database of former customers and prospects from a prior business (enough to make warm and cool calls for several years), will they still INSIST that I go trick-or-treating for investments in the neighborhood?[/quote] trick-or-treating for investors cant believe I dint think of it, but anyway I talked to a jones recruiter once they said you dint have to door knock. However cant always believe a recruiter.

Oct 25, 2009 1:27 am

[quote=voltmoie]Baldy is right. I’d join an insurance firm if I had a large database of people to call on. Think it would be hard to go Indy from day one with no experience.



Plus, if you already think Dking is beneath you why join a firm that prides itself on it? Grow up.[/quote]

I must say volt is right.  When I was going to work for EDJ, I forced myself to accept the “Jones Recipe” and not try to out-think it.  Sure, there are a million ways to sell, but all the resources you have are designed to support a specific methodology.

Selling is hard enough… have you read the forums?  I think you will make it even harder when you are trying to out-think the company… just added, unnecessary stress. If you think the company’s methods are dumb, you won’t be a happy employee.  Unhappiness leads to resentment.  Jones has a very strong culture.  If you start with a chip on your shoulder, I doubt you will be successful there.  I’m not saying you will fail… I’m saying you will probably quit before that happens because you don’t like people forcing you to do things you don’t want to do.

I wouldn’t say it’s an better at a wire. I think the difference (someone correct me if I’m wrong), is that everything is more manager driven. My first manager liked my business plan and was very supportive.  My new manager is the complete opposite.  If I don’t adapt (at least partially), my life will become difficult.

Of course, this only applies to new guys.  The big producers (at any firm) can basically do what they want.  Until you are bringing money into the firm, expect to be told what to do.


Oct 25, 2009 2:33 am

Wow… what a great resource.  I posted a question… ran up to visit my daughter at college… then came home to find all kinds of valuable responses (well… almost all of them).

  Through my previous business I have accumulated a database containing thousands of businesses, including those I have done business with and lots of prospects that at least know me.   To me it would make more sense to leverage those warm/cool relationships instead of the ice cold process of knocking on doors.  Of course, I never said I wouldn't do it... just wondering if they insist, even if it isn't the best use of my time.     Maybe a little of both (or a LOT of both) will be the answer.
Oct 25, 2009 2:39 am
LeaseNoMore:

If I come to Mr Jones with a large database of former customers and prospects from a prior business (enough to make warm and cool calls for several years), will they still INSIST that I go trick-or-treating for investments in the neighborhood?

  If that's the case, you won't have to work for EDJ.  However, the list is only as good as you are with selling whatver it is you want to sell.  But hey, EDJ has only been doing face-to-face prospecting since its inception.  So whatever prospecting methods you have MUST be much better than what you've been doing.  Good luck.
Oct 25, 2009 2:52 am

Uhhh… Isn’t this the rookies & trainees area?   Seems logical that this would be the place to ask questions of the vets, with the hope of getting honest, yet respectful responses.  If we already knew everything like you do, we wouldn’t be here.  So I ask you, oh wise one… Why the hostile response to a newbie feeling his way into a new world?

Oct 25, 2009 3:08 am
LeaseNoMore:

Uhhh… Isn’t this the rookies & trainees area?   Seems logical that this would be the place to ask questions of the vets, with the hope of getting honest, yet respectful responses.  If we already knew everything like you do, we wouldn’t be here.  So I ask you, oh wise one… Why the hostile response to a newbie feeling his way into a new world?

  If you have 1000 warm prospects, I'm not sure if you need to door knock.  You'll fall ass-backwards into sales and make a nice living.  Ultimately, it won't be what you expect it to be.  If you have 100 warm prospects and don't door knock, you'll fail guaranteed, unless you get a lot of referrals.    I wouldn't suggest going indie right out the gate, because there is a lot to be said about having a mentor to show you how to do things right and how NOT to do things.  Ultimately, if you do no cold prospecting (walking or calling), it will be very difficult to succeed, regardless of the size of your natural market.  EDJ has a formula that has worked for decades, and may not be one that you should dismiss before you take a job with them.
Oct 25, 2009 1:02 pm

I didn’t mean to be "disrespectful"either, but if you really don’t want to doorknock, then just find a different firm. All of Jones’ training will be geared toward making first (and many subsequent) contacts face-to-face. If you don’t believe in the premise, you won’t get a thing out of the training anyway. Jones is not going to teach you how to cold-call. Let a wirehouse teach you a phone-only business model.

Oct 25, 2009 1:51 pm

Thanks deekay & inland…  This is an odd situation I find myself in (owner of a moderately successful business forced to make a career change due to the tanking of an entire industry).

  So here I am...  with Jones, MSSB, and NYL as options.  Each has some things I like and some things I don't...   Jones- independence, ability to help the 'less than wealthy', etc., but apparently with the reputation of being minor league (I didn't really know that until I started reading this forum), pushing only certain basic products, and yes- door knocking.   MSSB- power of being the big boy in the neighborhood, bigger salary, more commercial products to offer (good for my contacts), but in an 'under the manager's thumb' environment, only looking for people with sustantial money to invest, etc   NYL- make $$ sooner selling insurance, can sell investments too, lots of flexibility, but they are focused on insurance and, I am probably wrong, but it seems that extracting ins premiums in this economy would be less likely to happen than getting somebody to let me help them fix their battered investment portfolio.  I have NOTHING against insurance salespeople, but I am having trouble projecting myself into that role.   Wherever I land, it'll be "all in"... those college tuition bills won't wait!  I'm usually very decisive, but this decision is driving me crazy.   Is it too early in the morning to start drinking?  
Oct 25, 2009 2:05 pm

Nah, you won’t be “all in” you’ve already convinced yourself you are better than all three options.



Time to add a fourth you can get behind.

Oct 25, 2009 2:19 pm

[quote=LeaseNoMore]

Jones- independence, ability to help the 'less than wealthy', etc., but apparently with the reputation of being minor league (I didn't really know that until I started reading this forum), pushing only certain basic products, and yes- door knocking.[/quote]   I think you are all getting your leg pulled.
Oct 25, 2009 2:21 pm

Hey Volt…  I must be in the wrong forum.  I thought this was Registered Rep, but apparently it is Registered Pychoanalyst.

  Don't mistake weighing the pros and cons of various options in order to reach an intelligent, thought-out decision with the inability to go "all in" on any one of them.    I'm watching the NFL channel and they just referred to "Edward Jones Stadium" in St Louis... maybe that was a sign from above. 
Oct 25, 2009 2:36 pm

Do it on a sheet of paper at home if you don’t want feedback. Come on here and you’re going to get an opinion.



Remember, you don’t know any of these people. They can’t tell you what to do. They might or might not be what they say so how the hell do you expect to make an “intelligent, thought-out decision” on here.



Pick up the phone and call people in each firm all across the country and get the real truth.

Oct 25, 2009 2:45 pm

Thanks Volt…  “Feedback” would be giving an opinion on the 3 firms mentioned, not presuming to know me well enough to know what I would do with your input.

  I appreciate all input but, you are right, it is coming from anonymous sources, each with their own opinion and agenda.  It's just one resource I am using to make a decision.   It's between doing research where I can (including here) and drawing straws.
Oct 25, 2009 2:52 pm

Volt - owned

Oct 25, 2009 3:01 pm

So, you are using strangers on an internet forum as a resource to make a decision that will have profound effects on your life and career? That’s sad. Do some real work you lazy bastard. ( i say that in kind terms, seriously) Go meet with people in the field. If I had listened to most of these idiots I would still be looking for a job since every firm except their 1 person office is terrible.



Here is my feedback for you:



Choose NY Life. I work for them. They do a great job helping you develop your natural market. In less than a year I’m already on track to make six figures. Don’t worry about the insurance part, I can focus on whatever I want as long as I’m bringing in the numbers. I’m an investment guy and my manager is cool with that. In fact, most of the INSURANCE guys in my office just throw me referrals because they don’t want to deal with it.



…curious how I was owned, Ron, we’re having a discussion? I’m not trying to one-up him

Oct 25, 2009 3:04 pm

Volt - He said it is one resource he is using to make a decision. You ask questions on here everyday to get ideas and what not.

Oct 25, 2009 3:08 pm

Lease- what you’re experiencing in the natural cynicism of this career. We see so many many many newbies that fail after being SO SURE of their opinions at first. It SHOULD NOT come back at you like this- you had a very reasonable newbie question, but unfortunately it is often hard to get answers here without the 'tude.  Just ignore it seems to work best. Good luck. I followed the Jones recipe and it worked. Call some reps and go interview THEM. Great co that is NOT for most people.

Oct 25, 2009 3:11 pm

That’s true. I think there is a bit of a difference between “how does this script sound” and what firm is right for me. We know nothing about this guy. He strengths, financial situation, family, area of the country, etc. etc. - how can we really lead him in the right direction … plus there are so many bitter idiots on here I don’t think he’ll get a straight answer.



Best thing to do is ask folks in person that work at those firms. Interview them, get the pros and cons and then go. Come back when you want to know how to run a seminar or brag about passing the 7. That’s the best feedback I can give someone.

Oct 25, 2009 3:22 pm

I don’t think he’s basing his decision on what a bunch of posters say about the firms.  Maybe he is going to ask those who work there in person, but wants to gather some questions based on what people say here.  Like if someone mentioned that if you leave EDJ to go somewhere else within the 1st year, you may be on the hook for $75,000.  He could take that info and ask a person who works there if that’s really true.  They may not have voluntarily given him that news without being asked. 

  Volt - I didn't know you were also an accomplished chef!  Your hamburger hash appears to need a little work though.   http://allrecipes.com/Cook/18375338/Profile.aspx
Oct 25, 2009 3:28 pm

Haha … not sure I’ve ever cooked anything in my life. Only other place I’ve used this name is fannation.com which has already been covered.



Pathetic you googled my name though. Nothing better to do? More proof the people on here are idiots?

Oct 25, 2009 3:39 pm
voltmoie:


Pathetic you googled my name though. Nothing better to do? More proof the people on here are idiots?

  You're right.  With 83 minutes until kickoff I literally have nothing to do until 1pm. 
Oct 25, 2009 3:40 pm

No doubt, I’m trying to get my fantasy roster set.

Oct 25, 2009 4:53 pm

[quote=LeaseNoMore]Thanks deekay & inland…  This is an odd situation I find myself in (owner of a moderately successful business forced to make a career change due to the tanking of an entire industry).

  So here I am...  with Jones, MSSB, and NYL as options.  Each has some things I like and some things I don't...   Jones- independence, ability to help the 'less than wealthy', etc., but apparently with the reputation of being minor league (I didn't really know that until I started reading this forum), pushing only certain basic products, and yes- door knocking.   MSSB- power of being the big boy in the neighborhood, bigger salary, more commercial products to offer (good for my contacts), but in an 'under the manager's thumb' environment, only looking for people with sustantial money to invest, etc   NYL- make $$ sooner selling insurance, can sell investments too, lots of flexibility, but they are focused on insurance and, I am probably wrong, but it seems that extracting ins premiums in this economy would be less likely to happen than getting somebody to let me help them fix their battered investment portfolio.  I have NOTHING against insurance salespeople, but I am having trouble projecting myself into that role.   Wherever I land, it'll be "all in"... those college tuition bills won't wait!  I'm usually very decisive, but this decision is driving me crazy.   Is it too early in the morning to start drinking?  [/quote] It's not too early to start drinking.   Don't consider NYL without checking out Northwestern Mutual, MassMutual, and Guardian.
Oct 25, 2009 5:49 pm

[quote=anonymous]It’s not too early to start drinking.   Don’t consider NYL without checking out Northwestern Mutual, MassMutual, and Guardian.[/quote]

Best advice I’ve ever heard…and those other three companies are good too…


Oct 25, 2009 7:32 pm

Thanks to all… keep those cards and letters coming.  

  And, after 3 fantasy Super Bowls, I am 1-5 so far this year.   Maybe I better visit RegisteredFantasyFootballExpert.com for some advice.   I hear there are 3 free agents available and I need some help on which one to pick up.  Their names are Edward Jones, Morgan Stanley, and some guy named N.Y. Liferman.   And... that drinking early thing was the BEST idea I've had so far today! 
Oct 25, 2009 8:09 pm

As an aside, I’ve always gotten a kick out of this notion from this forum that Edward Jones is “small time”. I can say, after the year we’ve all just been through, I am very proud to be here instead of over at Merrill Lyn… I mean, Bank of America, or over at the game of musical chairs that is A.G. Edwards --> Wachovia  —> Wells Fargo.

I know, I know. Our one-broker offices and self-restricted product lines and  the “aw, shucks” sales approach. I get it. But I didn’t choose Jones for the biggest payout or to fiddle with options trading. I chose Jones precisely because we don’t condescend when we talk to people.

This may be blasphemy on this site, but the absolute bottom line of calling my day a success isn’t always how much money I made on today’s trade. THAT’S why I chose Jones.

As for your choice of where to be in the business, I’d advise to slow WAY down and do some due diligence on a wide variety of firms. But don’t think you can hop on the Jones bandwagon for the office and the BOA but then do it all your own way. Like I said before, your training will be worthless. If you wanted to be a baker, for example, you wouldn’t go to school at a place that only teaches you how to carve steaks.

Be smart - play to your strengths and find a firm that will support your preferred business model.

Oct 25, 2009 8:16 pm

Well said Inland…  I appreciate the valuable input.

Oct 25, 2009 8:48 pm

I just accepted the EDJ offer. Looking forward to my first kool aid party. Seriously, I am in an upscale community of one of the wealthiest counties in the country (Home price averages $750K, Family income $175k+). I like the EDJ DKnock model. Think it drives home the difference between you and the guy int the cubical dialing for dollars all day. I have lived here for 20+ years and have a healthy “natural market” to help my cause. My question is how succesful is the EDJ model in such a community? Town is loaded with C level’s and entertainment people. Comments?

Oct 25, 2009 8:50 pm

The Jones model works everywhere people want to be treated authentically.

Oct 25, 2009 11:00 pm

[quote=The BEAR]I just accepted the EDJ offer. Looking forward to my first kool aid party. Seriously, I am in an upscale community of one of the wealthiest counties in the country (Home price averages $750K, Family income $175k+). I like the EDJ DKnock model. Think it drives home the difference between you and the guy int the cubical dialing for dollars all day. I have lived here for 20+ years and have a healthy “natural market” to help my cause. My question is how succesful is the EDJ model in such a community? Town is loaded with C level’s and entertainment people. Comments?[/quote]

Sounds like they put you in my town!!! Jones will work as long as you believe in what you are selling and how you are selling it…if you don’t believe in it 100%, you should go looking for a new firm.

ps: if you call face-to-face contacts “trick-or-treating” for investments, you probably should go looking for a new firm.

Oct 25, 2009 11:20 pm

The Jones Model will work if you do it. You try and out think it and you are on your own. They’ve done this for 30+ years and built a massive firm. Guessing it works.

Oct 26, 2009 2:44 am

the Knocking was fun (Sincerely enjoyed it). Was surprised how many folks opened up and were willing to chat.  Problem is that door to door soliciting is only allowed with a license. Even tho EDJ said find another area to do it, if that was the case I wasn’t getting in the car and driving almost an hour somewhere. Just curious on its efficacy in similar demograohics. I know they have failed miserabley in surrounding towns. One town they failed with a newnew and then succeeded when they grabed a guy from MS w/a book. Hope to use my “natural market” combined with the jones reciepe to succeed. I’m taking a 75% paycut to make this work. Fully committed. Only doubts I have is as a sane parent with three kids and one in college…and a mortgage.

Oct 26, 2009 11:51 am

Lease - to answer your original question. No, you don’t have to knock on doors.

Oct 26, 2009 2:58 pm
Moraen:

Lease - to answer your original question. No, you don’t have to knock on doors.

  That's not entirely true.  You will end up having to knock on doors at some point.  You'll probably have to go with your mentor, possibly your Regional Leader too.  However, beyond the initial training period, as long as you are putting numbers on the board, nobody is going to care where your leads come from.    My suggestion with Jones is to follow the doorknocking recipe and supplement it with your list of warm leads.  You were right on target with your comment before about a little bit of both.  You'll need to let  your community know that you're in business.  Of course you could run an ad in the local paper, but there's nothing like a handshake across the counter or at the front door to let people know you're there and you're serious about your business.     
Oct 26, 2009 3:12 pm
The BEAR:

I just accepted the EDJ offer. Looking forward to my first kool aid party. Seriously, I am in an upscale community of one of the wealthiest counties in the country (Home price averages $750K, Family income $175k+). I like the EDJ DKnock model. Think it drives home the difference between you and the guy int the cubical dialing for dollars all day. I have lived here for 20+ years and have a healthy “natural market” to help my cause. My question is how succesful is the EDJ model in such a community? Town is loaded with C level’s and entertainment people. Comments?

  TB, are on the West Coast or East Coast?  Based on the Entertainment comment, I assume West.  If you ARE on the East Coast, let me know, I can give you some insight.  In either case, much of it in these communities has to do with perception.  I can give you some feedback if you want to PM me.  It starts with not being the "Jones kool-aide guy".  I have very littly "Jones" crap in my office, other than the green wall and the Ted Jones picture with the horse (believe it or not, people seem to gravitate to it, and they LOVE it.).  One nice little wooden sign outside the door.  Sell YOU and your process, but not Jones (other than the private partnership aspect, conservative approach, and "service" model).  In wealthy areas, you may actually have a pretty good shot at some of the people that don't have "millions" because they are either too small for the huge wirehouse teams/"wealth management" firms, or they are getting no service at all because they are small.  But to some firms on those areas, $1mm may be a small client.  I have a colleague that works in the Greenwich area of CT.  He is absolutely KILLING it.  So it can work.
Oct 26, 2009 3:34 pm

I’ll say I am in the northern Suburbs/exhurbs of N.Y. City. Target rich, been here for 20+ years, deep roots in community, I’ve been in senior mgmt positions with fortune 500’s. making a career change.  Think the EDJ model actually stands out from the big WMgmt guys for the reasons you say. They’re all sitting in their cubicals dialing for dollars. Just another guy on the phone who wants you to open an account with them.  Just want to maximaize my kill rate when the time comes to sell. yes selling “me” is key and but the brand works to…I hope. LOL

Oct 26, 2009 5:57 pm
The BEAR:

I’ll say I am in the northern Suburbs/exhurbs of N.Y. City. Target rich, been here for 20+ years, deep roots in community, I’ve been in senior mgmt positions with fortune 500’s. making a career change.  Think the EDJ model actually stands out from the big WMgmt guys for the reasons you say. They’re all sitting in their cubicals dialing for dollars. Just another guy on the phone who wants you to open an account with them.  Just want to maximaize my kill rate when the time comes to sell. yes selling “me” is key and but the brand works to…I hope. LOL

  Dear God to holy hell.  Standing out from the Wealth Management guys?  Wealth Management guys wouldn't touch 100% of the clients you are going to get.  Yea they are all locked up in their cubicle rueing the day they decided not to go to EDJ. 
Oct 26, 2009 5:58 pm

a lot of people at the firm DONT doorknock. ive met more people who took over an office than started new new.



the people that take over an office might doorknock for a few months

Oct 26, 2009 6:19 pm
3rdyrp2:

[quote=The BEAR]I’ll say I am in the northern Suburbs/exhurbs of N.Y. City. Target rich, been here for 20+ years, deep roots in community, I’ve been in senior mgmt positions with fortune 500’s. making a career change.  Think the EDJ model actually stands out from the big WMgmt guys for the reasons you say. They’re all sitting in their cubicals dialing for dollars. Just another guy on the phone who wants you to open an account with them.  Just want to maximaize my kill rate when the time comes to sell. yes selling “me” is key and but the brand works to…I hope. LOL

  Dear God to holy hell.  Standing out from the Wealth Management guys?  Wealth Management guys wouldn't touch 100% of the clients you are going to get.  Yea they are all locked up in their cubicle rueing the day they decided not to go to EDJ. [/quote]   I think he is responding to my comment about the clients that could not/would not get service from a wirehouse/WM firm in the NYC area because of the size of their accounts.  I don't think he is suggesting that he would go toe-to-toe with them at Jones.  My point to him was that there is going to be a lot of "low-hanging fruit" in affluent areas that he could capture, that would be considered decent assets in most other areas. If you have 300-400K in Greenwich, CT, you are on welfare.  I am quite certain that most average advisors in other parts of the country would "accept" a new client with that amount.
Oct 26, 2009 6:43 pm

From that perspective it makes complete sense.   I just saw the comment about WMA's and picturing him thinking they are drolls who sit in a 3x3 cube all day dialing like they are in a boiler room and hating life.  My company is not a premier wealth manager by any means, but I know my managers used to sell it to the recruits as a place that emphasizes the "personal touch" and sticking up their noses at those who simply dial all day.  Since this guy just got hired, I'm wondering if thats how it was sold to him.

Oct 26, 2009 8:49 pm

[quote=3rdyrp2]

From that perspective it makes complete sense.   I just saw the comment about WMA's and picturing him thinking they are drolls who sit in a 3x3 cube all day dialing like they are in a boiler room and hating life.  My company is not a premier wealth manager by any means, but I know my managers used to sell it to the recruits as a place that emphasizes the "personal touch" and sticking up their noses at those who simply dial all day.  Since this guy just got hired, I'm wondering if thats how it was sold to him.

[/quote]   Got it.  It's funny how some companies (such as Jones) paint a picture that every other firm makes you cold call all day. Incidentally, I think he is just looking at Jones - I don't think he has even applied yet.
Oct 27, 2009 2:34 am

My apologies for the start of this thread. I will apologize for my damn generation. This isn’t anything to do with Jones. It’s simply a staple of my generation. “Do I have to…”, “but why do I need to do that”, “I can’t do that”, “but…but…but”.  Grow some f***in Balls and just do it.

Oct 27, 2009 2:40 am
Ronnie Dobbs:

My apologies for the start of this thread. I will apologize for my damn generation. This isn’t anything to do with Jones. It’s simply a staple of my generation. “Do I have to…”, “but why do I need to do that”, “I can’t do that”, “but…but…but”.  Grow some f***in Balls and just do it.

  And spiffy went to lunch with this guy. Wow.
Oct 27, 2009 2:43 am

How was lunch Ronnie? Did you have sausage and meatballs?

Oct 27, 2009 2:48 am

 

Oct 27, 2009 3:00 am
Ron 14:

[quote=Ronnie Dobbs]My apologies for the start of this thread. I will apologize for my damn generation. This isn’t anything to do with Jones. It’s simply a staple of my generation. “Do I have to…”, “but why do I need to do that”, “I can’t do that”, “but…but…but”.  Grow some f***in Balls and just do it.

  And spiffy went to lunch with this guy. Wow. [/quote]

I believe Jones calls it "mentoring"
Oct 27, 2009 3:49 am
B24:

[quote=The BEAR]I just accepted the EDJ offer. Looking forward to my first kool aid party. Seriously, I am in an upscale community of one of the wealthiest counties in the country (Home price averages $750K, Family income $175k+). I like the EDJ DKnock model. Think it drives home the difference between you and the guy int the cubical dialing for dollars all day. I have lived here for 20+ years and have a healthy “natural market” to help my cause. My question is how succesful is the EDJ model in such a community? Town is loaded with C level’s and entertainment people. Comments?

  TB, are on the West Coast or East Coast?  Based on the Entertainment comment, I assume West.  If you ARE on the East Coast, let me know, I can give you some insight.  In either case, much of it in these communities has to do with perception.  I can give you some feedback if you want to PM me.  It starts with not being the "Jones kool-aide guy".  I have very littly "Jones" crap in my office, other than the green wall and the Ted Jones picture with the horse (believe it or not, people seem to gravitate to it, and they LOVE it.).  One nice little wooden sign outside the door.  Sell YOU and your process, but not Jones (other than the private partnership aspect, conservative approach, and "service" model).  In wealthy areas, you may actually have a pretty good shot at some of the people that don't have "millions" because they are either too small for the huge wirehouse teams/"wealth management" firms, or they are getting no service at all because they are small.  But to some firms on those areas, $1mm may be a small client.  I have a colleague that works in the Greenwich area of CT.  He is absolutely KILLING it.  So it can work.[/quote]   What is he doing? knocking?  
Oct 28, 2009 2:51 am
The BEAR:

the Knocking was fun (Sincerely enjoyed it). Was surprised how many folks opened up and were willing to chat.  . .

DK ing works, but the FUN lasts about 2 days.  Its the day after day, week, month etc that leads to turnover. The guys who make it just keep going even with the dogs, rain, wind, rejection, I gotta pee, etc. Good luck; I mean that.
Oct 29, 2009 1:54 am

Do you just randomly go to neigborhoods and knock on doors?

Oct 29, 2009 2:07 am

Many have methods to the madness that is doorknocking but for the most part you aren’t buying lists and hunting down their address if that’s what you are asking.

Oct 29, 2009 2:25 am

wow   

So you just go knock on door and try to get inside and talk to them?

How often do they let you inside?

what is close rate for new accounts?

ive been in the biz many years   built book cold calling.

never heard door to door until this web site

Oct 29, 2009 2:36 am

www.edwardjones.com/windy check out the success that you are missing out on.

Oct 29, 2009 2:45 am
Shania Twain:

wow   
So you just go knock on door and try to get inside and talk to them?
How often do they let you inside?
what is close rate for new accounts?
ive been in the biz many years   built book cold calling.
never heard door to door until this web site

  So you've been in the "biz" for many years and never heard of the small firm called Edward Jones that built it's business doing just this?  We're tiny so I'm not suprised.
Oct 29, 2009 2:45 am
Shania Twain:

wow   
So you just go knock on door and try to get inside and talk to them?
How often do they let you inside?
what is close rate for new accounts?
ive been in the biz many years   built book cold calling.
never heard door to door until this web site

  Yes. You walk down the street in a suit, ring the doorbell, tell them you are opening an office in town, try to get the conversation directed towards investments, give them a queer brochure, ask them for their contact info so you can keep in touch with them regarding investment ideas, go back to your office and write a thank you note, call prospect every month with an investment idea until they tell you to get bit or they open an account. That is the "recipe" at Jones.
Oct 29, 2009 2:53 am

True story

Oct 29, 2009 3:07 am

It is the most painful, pride swallowing event that a professional in any industry can experience ,besides an RN who has to clean sh*t out of bed pans

Oct 29, 2009 3:10 am

that is funny..

Oct 29, 2009 3:15 am

The RN also gets a pension…oh wait, Jones guys get LP, my bad

Oct 29, 2009 3:25 am

A person can bang out 15k to 20k cold calls a year to people they DON'T know and succeed.

  Why go to all the trouble of contacting FORMER clients and prospects who you now have to convince that you are a financial advisor? They knew you as one thing. You are now another. They may resist doing business simply because they think you might change up careers again soon. Not worth it.   Find NEW people and introduce yourself as a financial advisor. In the long run, it's a lot less work.    Let go a little and trust me on this.    
Oct 29, 2009 3:29 am

Is that enough, 60-80 a day ?

Oct 29, 2009 5:28 am

[quote=Ron 14]

Is that enough, 60-80 a day ?

[/quote] Not if it is the prospecting method, and one has zero book, no.  If it's the only prospecting method I'd reccommend AT LEAST tripling it. It IS possible to do up to 450 a day. I think Gaddock could chime in there. Yet, most people won't even make one. Not one.    But if he's going to try the F3 approach (Friends, Family and Fools) the least he could think about is augmenting it by cold calling, or as the Jones guys on the board can attest, cold walking.     I'll PM you. Kicking          
Oct 30, 2009 1:43 am

Unless you inherit a book, it is coldwalk or coldcall or fail. No one has THAT many friends.

Oct 30, 2009 1:47 am
newnew:

Unless you inherit a book, it is coldwalk or coldcall or fail. No one has THAT many friends.

  You've not seen Windy or MsBrokers facebook pages then...
Oct 30, 2009 1:54 am

It can be done without coldcalling or coldwalking if one is good at getting referrals from non-clients.

Oct 31, 2009 2:52 pm

[quote=Ron 14]It is the most painful, pride swallowing event that a professional in any industry can experience ,besides an RN who has to clean sh*t out of bed pans[/quote]

I didn’t mind knocking on doors…In my mind, I figured it gave people something to talk about at the dinner table other than work and the kids.

I found the Jones phone script to be unbearable! …especially with warm contacts.

Oct 31, 2009 10:50 pm
Still@jones:

[quote=Ron 14]It is the most painful, pride swallowing event that a professional in any industry can experience ,besides an RN who has to clean sh*t out of bed pans[/quote]

I didn’t mind knocking on doors…In my mind, I figured it gave people something to talk about at the dinner table other than work and the kids.

I found the Jones phone script to be unbearable! …especially with warm contacts.

  The script is for people who don't have a clue what they are doing. If it was unbearable and you didn't have the capacity to develop your own approach, that's why you stopped working and got fired.
Oct 31, 2009 11:33 pm
Ronnie Dobbs:

[quote=Still@jones] [quote=Ron 14]It is the most painful, pride swallowing event that a professional in any industry can experience ,besides an RN who has to clean sh*t out of bed pans[/quote]

I didn’t mind knocking on doors…In my mind, I figured it gave people something to talk about at the dinner table other than work and the kids.

I found the Jones phone script to be unbearable! …especially with warm contacts.

  The script is for people who don't have a clue what they are doing. If it was unbearable and you didn't have the capacity to develop your own approach, that's why you stopped working and got fired.[/quote]

I think I got brain-washed by people who said if I don't follow the Jones script, I am going to fail...in retrospect, I believe the opposite is true.

By the time I realized I needed my own script it was week 12, and I was almost done anyway...in the end, I'm glad I got out when I did...
Oct 31, 2009 11:53 pm

You’re misunderstanding what it means when they say “following the recipe”. It really means “talk to as many people as you can every day”, not “be a Jones robot and use a Jones script verbatim with every contact.” The “recipe” is no different anywhere else. Maximize your number of contacts and you will be successful. The scripts you were taught were taught to you because you didn’t know any better. Nobody said “don’t change the script”. They basically said “if you don’t know WTF you are doing, here, do this.” Don’t blame Jones because you didn’t know what you are doing. They give you a few months to figure it out and some good guidance on how to go about it. I thought the “scripts” were BS too, but I realized after about a day that those were just guideposts for those that don’t have a clue.

Nov 1, 2009 12:08 am

[quote=B24]You’re misunderstanding what it means when they say “following the recipe”. It really means “talk to as many people as you can every day”, not “be a Jones robot and use a Jones script verbatim with every contact.” The “recipe” is no different anywhere else. Maximize your number of contacts and you will be successful. The scripts you were taught were taught to you because you didn’t know any better. Nobody said “don’t change the script”. They basically said “if you don’t know WTF you are doing, here, do this.” Don’t blame Jones because you didn’t know what you are doing. They give you a few months to figure it out and some good guidance on how to go about it. I thought the “scripts” were BS too, but I realized after about a day that those were just guideposts for those that don’t have a clue.[/quote]

I wish B24 was my field trainer…I was told, “don’t even think of changing one single word of the Jones script” (I’m not kidding…this is exactly what I was told)

I could add that the home office (working out of my home) and the isolation also hurt my motivation.


Nov 1, 2009 12:44 am

Still, until you man up and say you failed not Jones I don’t think you’ll ever have any credibility. There are countless people on this site, not to mention Jones, that would have given you everything they had if you had simply asked. Hell, Windy as much of a pain in the ass he is would have shared with you his script. Not Jones fault, yours. Oh, and that silly Jack P. close works but you have to trust in it and if you don’t do something else. Man up and take the blame.



I hope you are doing well at your new position and not afraid to waive a flag if you hit a road bump. People want to help you win.

Nov 1, 2009 2:29 am

That has been my only problem with Still. Dude, you just cannot take the blame for failing at Jones. I think I have heard EVERY excuse in the book from you. Jones script sucks, home office didn’t tell me what to do, my field trainer told me this, I hate doorknocking, the recipe doesn’t work, being isolated hindered my motivation. You never said, “I just couldn’t pull myself together and do what I had to do”. You know it just like everyone on this site, that is the only reason ANYONE fails in this business at any firm. They just can’t pull it together for whatever reason. It’s not anyones fault but your own. If you’d be a man and admit that instead of bashing Jones because you’re mad they fired you, when only a few months ago you were posting how successful you were gonna be at Jones and how much you loved the firm. Seriously, grow some balls and just say, “I didn’t do what I had to”.

Nov 1, 2009 2:58 am

Nothing against Jones, 1 guy isn’t going to make or break them, but they sure dropped the ball with Still@jones if you ask me.  You’ve got a guy out there busting his tail trying to make things happen putting together a pretty doggone good pipeline and before any of it comes to fruition you cut him loose because he had a bad couple month stretch.

Obviously the guy is not a loser or he wouldn’t have had 3 other job offers.  If he’s willing to take the time to post on a message board like this he clearly has an interest and passion for the business.  Had Jones given him a little more time to find his spot on the bus everyone probably would have won.

Nov 1, 2009 4:24 am

Dude, he didn’t even open an account. Even a sh*tty FA can open an account with his parents…Honestly…

Nov 1, 2009 4:46 am

[quote=Ronnie Dobbs]Dude, he didn’t even open an account. Even a sh*tty FA can open an account with his parents…Honestly…[/quote]

I thought he said he had 6 households averaging $50k?

Nov 1, 2009 12:47 pm

[quote=Still@jones]





[quote=B24]You’re misunderstanding what it means when they say “following the recipe”. It really means “talk to as many people as you can every day”, not “be a Jones robot and use a Jones script verbatim with every contact.” The “recipe” is no different anywhere else. Maximize your number of contacts and you will be successful. The scripts you were taught were taught to you because you didn’t know any better. Nobody said “don’t change the script”. They basically said “if you don’t know WTF you are doing, here, do this.” Don’t blame Jones because you didn’t know what you are doing. They give you a few months to figure it out and some good guidance on how to go about it. I thought the “scripts” were BS too, but I realized after about a day that those were just guideposts for those that don’t have a clue.[/quote]I wish B24 was my field trainer…I was told, “don’t even think of changing one single word of the Jones script” (I’m not kidding…this is exactly what I was told) I could add that the home office and the isolation also hurt my motivation. [/quote]



This is just downright strange. Still, I honestly think this was just never the industry for you.

Nov 1, 2009 12:54 pm

[quote=BerkshireBull] Nothing against Jones, 1 guy isn’t going to make or break them, but they sure dropped the ball with Still@jones if you ask me. You’ve got a guy out there busting his tail trying to make things happen putting together a pretty doggone good pipeline and before any of it comes to fruition you cut him loose because he had a bad couple month stretch.Obviously the guy is not a loser or he wouldn’t have had 3 other job offers. If he’s willing to take the time to post on a message board like this he clearly has an interest and passion for the business. Had Jones given him a little more time to find his spot on the bus everyone probably would have won.

[/quote]



Some people’s enthusiasm and hard work gets in the way of reality. I don’t doubt that Still was an honest, hardworking guy. He seems like a good guy. But as we have all seen, sometimes there is just an “it” factor that you need in this industry that you just can’t put your finger on. Charisma, chutzpa, a certain degree of sophistication, whatever it is. But you can’t always interview for that, and it can often be “faked”. It’s a good reason why you see some guys that seem like complete losers do really well in sales jobs - sometimes the ordinary, hard-working guy is just not very good at selling himself to people.

Nov 1, 2009 2:13 pm

Everyone is posting about ME!!!  I’m living Windy’s wet dream!!!

Sure, some of my posts are just me bitching…but, I believe, most are valid complaints about what I was sold about the Jones training and what I received in my region. I joined Jones because I though I was getting the best training in the financial services industry. Looking back, I feel like all I got was “a golf ball and a script”.

To my detractors: the truth will be known in 4 months if I am still in this industry (and still posting here?). Until then, feel free to dispute anything I say.

Nov 1, 2009 2:36 pm

Whether or not you make it in this business doesn’t matter. The fact you failed at Jones was NOT because you didn’t think you got the best training. Every Jones FA got the same training you did and well we are still here. Grow some balls and admit that you didn’t do what you needed to. What you are doing is called projection. You f*** up and to keep yourself from feeling like a failure you blame (project) Jones and every other aspect except yourself. Funny thing is, people who fail and admit they screw up usually find ways to do better and become successful at whatever they do. The longer you place the blame on other factors, the less chance you have of doing anything successful.

Nov 1, 2009 2:49 pm

[quote=Ronnie Dobbs]Whether or not you make it in this business doesn’t matter. The fact you failed at Jones was NOT because you didn’t think you got the best training. Every Jones FA got the same training you did and well we are still here. Grow some balls and admit that you didn’t do what you needed to. What you are doing is called projection. You f*** up and to keep yourself from feeling like a failure you blame (project) Jones and every other aspect except yourself. Funny thing is, people who fail and admit they screw up usually find ways to do better and become successful at whatever they do. The longer you place the blame on other factors, the less chance you have of doing anything successful. [/quote]

Thank you Dr. Windy Dobbs, PhD…I feel alot better now.

Nov 1, 2009 7:00 pm

What windy said in five lines I’ll say in one:



Until you realize and admit the mistakes you made you are doomed to repeat them.

Nov 1, 2009 9:05 pm

[quote=Still@jones]

[quote=Ronnie Dobbs]Whether or not you make it in this business doesn’t matter. The fact you failed at Jones was NOT because you didn’t think you got the best training. Every Jones FA got the same training you did and well we are still here. Grow some balls and admit that you didn’t do what you needed to. What you are doing is called projection. You f*** up and to keep yourself from feeling like a failure you blame (project) Jones and every other aspect except yourself. Funny thing is, people who fail and admit they screw up usually find ways to do better and become successful at whatever they do. The longer you place the blame on other factors, the less chance you have of doing anything successful. [/quote]Thank you Dr. Windy Dobbs, PhD…I feel alot better now.[/quote]



I do have a degree in Psychology…So feel free to call me Dr. if you’d like. The fact remains though, what Volt and I have said, is the complete truth. Hell, i wouldn’t give you sh*t at all if you’d just be a man.

Nov 1, 2009 9:48 pm

I think the truth is somewhere in the middle, and this is my frustration with Jones. If for whatever reason you don’t stop and realize that you don’t have to use the information and training that isn’t helpful and that you can do whatever you want to build your business (provided it’s legal, ethical, and profitable) you will likely fail.

I don’t know Still, and I don’t really care if he failed because he was too lazy to do the work/too dumb to figure out that he didn’t “have to” follow the formula/too much of an automaton to think outside the box, but the firm sometimes does not foster success for whatever reason, it seems to foster blind allegiance. Whose fault is that? I would say it’s both.

Nov 2, 2009 3:00 pm

Cause he’s a douche bag, talks sh*t, and then blames Jones for his failures.

Nov 2, 2009 3:47 pm

[quote=iceco1d]Why are we still talking about this?  Still is not with EDJ anymore, and he already admitted why.  He is with an insurance b/d, which he claims to be a much better fit for him.  As some of the EDJ guys say, “EDJ isn’t for everyone.”  Now, if he fails out at the insurance b/d, it turns out that the INDUSTRY isn’t for him.  If he makes it at the insurance b/d, it turns out EDJ wasn’t for him.

  He already admitted he didn't do the things he needed, because he didn't like EDJ.  Maybe part of it is that the INDUSTRY was a disappointment to him for awhile (i.e. "wow, I really won't be doing any advising, or a macho trader, I'll just be selling American funds for awhile...") or maybe it was just the EDJ model (i.e. "no office, no other brokers nearby, no f2f manager, etc.").    I don't know what the answer is, nor do I really care.  The guy IS trying now.  So why not help him out if he asks for it, and otherwise leave him the f*ck alone.  If he fails out now, the blame can only fall on him. [/quote]    
Nov 2, 2009 4:03 pm

[quote=iceco1d]Why are we still talking about this?  Still is not with EDJ anymore, and he already admitted why.  He is with an insurance b/d, which he claims to be a much better fit for him.  As some of the EDJ guys say, “EDJ isn’t for everyone.”  Now, if he fails out at the insurance b/d, it turns out that the INDUSTRY isn’t for him.  If he makes it at the insurance b/d, it turns out EDJ wasn’t for him.

  He already admitted he didn't do the things he needed, because he didn't like EDJ.  Maybe part of it is that the INDUSTRY was a disappointment to him for awhile (i.e. "wow, I really won't be doing any advising, or a macho trader, I'll just be selling American funds for awhile...") or maybe it was just the EDJ model (i.e. "no office, no other brokers nearby, no f2f manager, etc.").    I don't know what the answer is, nor do I really care.  The guy IS trying now.  So why not help him out if he asks for it, and otherwise leave him the f*ck alone.  If he fails out now, the blame can only fall on him. [/quote]   Why not?  If he keeps blaming Jones for his failure I'm going to keep pointing out he was a lazy SOB while he was with us.   You have NOOOOOOOO idea if he is trying now. Getting another job does not equal trying. Why assume?  He's not said anything about his current business just the past.  He'll never ask for help because it's never his fault.  It's the model.  
Nov 2, 2009 4:18 pm

[quote=voltmoie][quote=iceco1d]Why are we still talking about this?  Still is not with EDJ anymore, and he already admitted why.  He is with an insurance b/d, which he claims to be a much better fit for him.  As some of the EDJ guys say, “EDJ isn’t for everyone.”  Now, if he fails out at the insurance b/d, it turns out that the INDUSTRY isn’t for him.  If he makes it at the insurance b/d, it turns out EDJ wasn’t for him.

  He already admitted he didn't do the things he needed, because he didn't like EDJ.  Maybe part of it is that the INDUSTRY was a disappointment to him for awhile (i.e. "wow, I really won't be doing any advising, or a macho trader, I'll just be selling American funds for awhile...") or maybe it was just the EDJ model (i.e. "no office, no other brokers nearby, no f2f manager, etc.").    I don't know what the answer is, nor do I really care.  The guy IS trying now.  So why not help him out if he asks for it, and otherwise leave him the f*ck alone.  If he fails out now, the blame can only fall on him. [/quote]   Why not?  If he keeps blaming Jones for his failure I'm going to keep pointing out he was a lazy SOB while he was with us.   You have NOOOOOOOO idea if he is trying now. Getting another job does not equal trying. Why assume?  He's not said anything about his current business just the past.  He'll never ask for help because it's never his fault.  It's the model.  [/quote]   Ditto. Plus he's a liar. Why would you lie to a prospect and just tell them your with a firm, that you are in no way affiliated with. I mean seriously.
Nov 2, 2009 4:54 pm

No offense Ronnie and Volt, but you seem like the kids on the playground that get picked on so much that you turn around and have to pick on the only guy left that is smaller than you.

The guy didn’t like his Jones experience. Who cares. He may be a piker and a bad broker (not saying he is). Who cares. Why spend energy on this clown when there are much bigger morons that post on this forum that deserve flaming (meletio, I’m talking about you).

Nov 2, 2009 4:58 pm

I could care less if he didn’t like his experience with Jones. That happens. I don’t like it that he blames his OWN failures on Jones. That’s idiotic. If he doesn’t like the way Jones rolls, fine by me. Alot don’t. But don’t come on this site crying “I was fired because Jones sucks, their trainings horrible, doorknocking doesn’t work, it drove my motivation down, my field trainer sucked, my region sucked, blah blah f***in blah”, especially when 2 months ago you love Jones so much,wanted to give Ted a blow job.

Nov 2, 2009 5:14 pm
Sorry Dad!   As long as he keeps blaming his failure on Jones I'm going to keep owning him and since it's all he posts about we all know how this will go.   I started the same time STILL did, I might have a bit more insight than you guys do.        
Nov 2, 2009 5:19 pm

[quote=Ronnie Dobbs]I could care less if he didn’t like his experience with Jones. That happens. I don’t like it that he blames his OWN failures on Jones. That’s idiotic. If he doesn’t like the way Jones rolls, fine by me. Alot don’t. But don’t come on this site crying "I was fired because Jones sucks, their trainings horrible, doorknocking doesn’t work, it drove my motivation down, my field trainer sucked, my region sucked, blah blah fin blah", especially when 2 months ago you love Jones so much,wanted to give Ted a blow job. [/quote]

The point is that Jones does suck sometimes. Still may be a whiny little b
*, but he is a whiny b**** with a valid point. Many of the things that he complains about are true, and new brokers should know that Jones isn’t the panacea that we sometimes portray.

Nov 2, 2009 5:21 pm

[quote=voltmoie]

Sorry Dad!   As long as he keeps blaming his failure on Jones I'm going to keep owning him and since it's all he posts about we all know how this will go.   I started the same time STILL did, I might have a bit more insight than you guys do.  

[/quote]

Just pointing out that you guys look petty when you “own” a confessed failure. If you want to look petty, fine.

Nov 2, 2009 5:21 pm

I look good in petty, makes me look skinny.

  Remember, he is only a failure because of Jones.  He has confessed that Jones, his field trainer, his loud apartment, bad sales pitch, terrible prospecting methods, and small accounts caused him to fail. Not that he was a slug that gave up and allowed himelf to fail.  HUGE DIFFERENCE. He is a 40+ year old man - not a 24 year old that didn't know any better. If I fail it's because of me.   I do understand your point though, Jones has many failings on it's own.  It's possible to have a bad experice.
Nov 2, 2009 8:01 pm

From an outsider's perspective it kinda sounds like Still@Jones was fed a lot of promises that didn't come to fruition.  At the end of the day the recruiter who reeled him in won, the RL who hit his growth numbers because Still@Jones joined up, won and got his fat bonus, EJ got someone to work like a maniac 60hrs a week knocking on doors and getting the word out, and Still@Jones was left to whither on the vine and then thrown out as soon as it was convenient.

He was there for 4 months and Jones pays you what $2400/mo or something?  So with the cost of his licenses Still@ cost EJ $10,000 and they made a couple thousand back off the accounts he opened, not to mention the advertising and goodwill he created in his town, and the pipeline and list of prospects someone else inherited who will undoubtedly go out and sell.   It's pretty clear to see who won and who lost in this exchange.  Still@Jones made $10 an hour at the end of the day doing a hard and stressful job, so yea he really took advantage of EJ...
Nov 2, 2009 8:17 pm

If you admit to being lazy and get fired from Jones after 4 months guys on here come out of the bushes to defend you. If you “follow the recipe” for 2 1/2 years, meet and exceed expectations, bring in a decent amount of assets, post your numbers on this site and then resign from Jones in the face of a 75k settlement while leaving all of your hard work and funds burned behind, you get hazed and labeled a failure. Make sense to me !

Nov 2, 2009 8:28 pm
Ron 14:

If you admit to being lazy and get fired from Jones after 4 months guys on here come out of the bushes to defend you. If you “follow the recipe” for 2 1/2 years, meet and exceed expectations, bring in a decent amount of assets, post your numbers on this site and then resign from Jones in the face of a 75k settlement while leaving all of your hard work and funds burned behind, you get hazed and labeled a failure. Make sense to me !

  I thought you left because of the "don't ask, don't tell" policy.  My bad.
Nov 2, 2009 8:45 pm

When I first started they said you couldn't take anyone but a spouse on the trips. Next thing you know the sausage string is allowed. What is with that ? Did EJ realize more of their FA's were gay than originally estimated ? I was open about it from the beginning !

Nov 2, 2009 8:47 pm

[quote=BerkshireBull]

From an outsider's perspective it kinda sounds like Still@Jones was fed a lot of promises that didn't come to fruition.  At the end of the day the recruiter who reeled him in won, the RL who hit his growth numbers because Still@Jones joined up, won and got his fat bonus, EJ got someone to work like a maniac 60hrs a week knocking on doors and getting the word out, and Still@Jones was left to whither on the vine and then thrown out as soon as it was convenient.

He was there for 4 months and Jones pays you what $2400/mo or something?  So with the cost of his licenses Still@ cost EJ $10,000 and they made a couple thousand back off the accounts he opened, not to mention the advertising and goodwill he created in his town, and the pipeline and list of prospects someone else inherited who will undoubtedly go out and sell.   It's pretty clear to see who won and who lost in this exchange.  Still@Jones made $10 an hour at the end of the day doing a hard and stressful job, so yea he really took advantage of EJ...[/quote]      Berk .. I'm not sure if you know how the recruitment process at Jones works but it's pretty transparent from my perspective.  The recruiters are all in house, no fat bonuses, etc.  Expectations are spelled out.  Nothing said or written can prepare you for this grind but I think they do a good job.    You are vastly underestimating the cost it takes to hire and train a new FA.  They fly you to St. Louis twice, pay for your training and licenses, feed you, pay you a salary, and pay all those people  that support you.  Jones lost money on him.  As for the good will - we'll have to disagree about this one.  What good will do you provide when you never open up the office you promised?  Never call them with an idea as you promised?  No one gets the prospects ... someone will start over and have to overcome the lies and BS that Still left behind.  Happened to me in my area.    Also, you only need $2300 - 2700? to get back to PDP in our firm.  He was not close to this number.  NOT CLOSE.  If he was working 60hr weeks he would have opened more than 5 accounts.  Even a blind squirrel finds a nut.   I'm done talking about Still and hope he's doing well in his new gig.
Nov 2, 2009 8:49 pm

…and in Windy’s case he finds plenty of nuts, mostly bouncing off his chin

Nov 2, 2009 9:15 pm
Ron 14:

…and in Windy’s case he finds plenty of nuts, mostly bouncing off his chin

  Ron there is a clear distinction here between you and I. I'd rather have them bounce off my chin, than land in my mouth. You on the other hand.......
Nov 2, 2009 9:20 pm

[quote=BerkshireBull]

At the end of the day the recruiter who reeled him in won, the RL who hit his growth numbers because Still@Jones joined up, won and got his fat bonus, [/quote] You seriously don't know how recruiting works at EDJ. When an FA quits, gets fired, or retires the Region they were in and RL are stuck with a Delta for that year. If you have 3 FA's hired and you lose 4 existing FA's to retirement or whatever, your Region and RL are left with -1 hires for the year even though they were hired a year, 2 years, or 10 years ago.
Nov 2, 2009 9:39 pm

[quote=Ronnie Dobbs][quote=BerkshireBull]

At the end of the day the recruiter who reeled him in won, the RL who hit his growth numbers because Still@Jones joined up, won and got his fat bonus, [/quote] You seriously don't know how recruiting works at EDJ. When an FA quits, gets fired, or retires the Region they were in and RL are stuck with a Delta for that year. If you have 3 FA's hired and you lose 4 existing FA's to retirement or whatever, your Region and RL are left with -1 hires for the year even though they were hired a year, 2 years, or 10 years ago.[/quote]   I don't know how recruiting works at Jones.   I also don't understand all the hatred for still@jones.  If he's a loser and a piker aren't you EJ guys glad to be rid of him?
Nov 2, 2009 9:40 pm
Ronnie Dobbs:

[quote=Ron 14]…and in Windy’s case he finds plenty of nuts, mostly bouncing off his chin



Ron there is a clear distinction here between you and I. I’d rather have them bounce off my chin, than land in my mouth. You on the other hand…[/quote]



Don’t know you Ronnie but you like balls bouncing off your chin? You Jones boys sure know how to party.
Nov 2, 2009 9:42 pm

I swear, Volt and I have said it time and time again. We could care less if he is with Jones or not. What we don’t like is him constantly blaming Jones for his own failure. He failed at Jones cause he sucked, not cause Jones did anything.

Nov 2, 2009 9:44 pm

[quote=WarRoom] [quote=Ronnie Dobbs] [quote=Ron 14]…and in Windy’s case he finds plenty of nuts, mostly bouncing off his chin[/quote]

 
Ron there is a clear distinction here between you and I. I'd rather have them bounce off my chin, than land in my mouth. You on the other hand.......[/quote]

Don't know you Ronnie but you like balls bouncing off your chin? You Jones boys sure know how to party.[/quote]   That I do not WarRoom, but I'm sure if you are feeling ansy, Ron will let you use his mouth for target practice. He even puts a white chicklet on his tongue for a target!
Nov 2, 2009 11:03 pm

[quote=BerkshireBull] I don’t know how recruiting works at Jones.

  I also don't understand all the hatred for still@jones.  If he's a loser and a piker aren't you EJ guys glad to be rid of him?[/quote]   (Posted: Today at 3:39pm)   Just curious ... why are you posting meaningless non sense on a over 30 VIX roller-coaster day two minutes before the imbalances are released?
Nov 2, 2009 11:13 pm

because he probably doesn’t give two sh*ts about the VIX and its lack of relevance to his long term investment advice

Nov 2, 2009 11:18 pm

Oh … so he’s a bank broker peddling mutual funds to people with no money?

 
Nov 2, 2009 11:23 pm

[quote=Gaddock][quote=BerkshireBull] I don’t know how recruiting works at Jones.

  I also don't understand all the hatred for still@jones.  If he's a loser and a piker aren't you EJ guys glad to be rid of him?[/quote]   (Posted: Today at 3:39pm)   Just curious ... why are you posting meaningless non sense on a over 30 VIX roller-coaster day two minutes before the imbalances are released? [/quote]   just curious... why are you naive enough to believe you can do a good job of both trading on data such as this and prospecting?
Nov 2, 2009 11:28 pm

"naive"  LOL, ever hear of getting referrals for doing a great job? The job  I do is now how I prospect.

Now go ponder that a bit sport. Let me know if a little light goes off.   PS I can walk and chew gum at the same time. The time you spend here, during market hours, waisting your time is while I'm doing both. 
Nov 3, 2009 12:22 am

Who do you work for ? Wells Fargo/Wachovia/AG Edwards ?  I believe that makes you a bank broker too. Nice one.

How in the world a financial planner can plan peoples retirement without watching the VIX is beyond my comprehension.  I must be doing something wrong for my clients.      
Nov 3, 2009 12:39 am

Rony rony ron ron,

PCG dude ... night and day.    "beyond my comprehension!!!!!!!!!!!!"   Imagine my surprise.   Way to change your post meat-head.   The fact that you feel knowing what the current market conditions are to be irrelevant shows just how detached from your customers (notice the lack of the word client) portfolios you are. OH WAIT you've not sold one stock, you claim you don't have the time or expertise to be able to find one  LOL.   You go on schlepping that same old schtick.
Nov 3, 2009 12:47 am

Gladly.

  Continue to be a skirt wearing prick who won't trade his own money for "fear" he won't make the right decisions. The opportunity is just running out your door and you are too arrogant to see.
Nov 3, 2009 1:00 am

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA HHAAHAAHAHAHAAAAHA!!   Ronnie LOLOLOLOLOL   I put a useful thread for those that are trying to improve themselves in the General BBS. IF just IF you want to pull yourself out of pain-full mediocrity you can educate yourself for free. Maybe then you wont have to tell people you pay others to do what you are incapable of doing yourself. I have to hand it to you for being honest on that one.     Just think Rony boy, what do you think a HNW lead would think when you gave him that schpeal? A broker who can't broker so the only thing he can offer me is a mutual fund?   What do you think he would think of your "professionalism"????   EXACTLY!!!       Thanks for the laughs, I needed that.
Nov 3, 2009 1:06 am

What schpeal?  That I don’t day trade options for my clients accounts ? I have never had a prospect even mention the word options and I run into HNW leads everyday, because I AM AT A BANK AND CAN SEE THEIR MONEY. You think you are a big time trader, we all know it. PM me your fax number and I will fax you my K1 in which I traded MY OWN MONEY ON AN ACTUAL EXCHANGE. You think I am missing something from you that may be useful ? Hmmm. I think you could benefit from the only guy on this site who has actually traded and been a market maker in the exact products you brag about.

Nov 3, 2009 1:08 am

[quote=WarRoom] [quote=Ronnie Dobbs] [quote=Ron 14]…and in Windy’s case he finds plenty of nuts, mostly bouncing off his chin[/quote]

 
Ron there is a clear distinction here between you and I. I'd rather have them bounce off my chin, than land in my mouth. You on the other hand.......[/quote]

Don't know you Ronnie but you like balls bouncing off your chin? You Jones boys sure know how to party.[/quote]   Hey, hey, whoa, whoa, whoa there.  Let's not lump all Jones guys into Windy and Ron's "sausage fest", and lets not lump Windy in with the rest of the Jones guys.  There are only a select few taking advantage of the new "domestic partners" benefits around here.
Nov 3, 2009 1:17 am
Ron 14:

What schpeal?  That I don’t day trade options for my clients accounts ? I have never had a prospect even mention the word options and I run into HNW leads everyday, because I AM AT A BANK AND CAN SEE THEIR MONEY. You think you are a big time trader, we all know it. PM me your fax number and I will fax you my K1 in which I traded MY OWN MONEY ON AN ACTUAL EXCHANGE. You think I am missing something from you that may be useful ? Hmmm. I think you could benefit from the only guy on this site who has actually traded and been a market maker in the exact products you brag about.

  Please tell us that great line you use about not having the time or knowledge, was it a kicking the tires metaphor?, about not being able to pick out a quality dividend paying stock.   It was the perfect line for a Donkey.
Nov 3, 2009 1:24 am

Gaddock, if you really had the expertise and credentials to be trading options in clients accounts you’d be working at an institution or a hedge fund making 7, 8, or 9 figures.  Not working for Wachovia and in the penalty box.

I’m not even convinced this guy is the “trader” he holds himself out to be.  I think he convinced his father in law to let him sell some covered calls on his Caterpillar stock one time and now he thinks he’s an options guru.

Finally, I don’t know how many people who truly were successful traders would fill posts with “LOL” “!!!” and “TYPE HALF THEIR WORDS IN CAPS”  But that’s just my thoughts on the matter.

Nov 3, 2009 1:28 am

And I care what you think how much???

  LOL Moron.
Nov 3, 2009 1:31 am

Berk I don’t know if you were trying to rip me or what, but I was coming to your defense from the beginning. I will just let you get run over next time.

Nov 3, 2009 1:36 am
Gaddock:

[quote=Ron 14]What schpeal?  That I don’t day trade options for my clients accounts ? I have never had a prospect even mention the word options and I run into HNW leads everyday, because I AM AT A BANK AND CAN SEE THEIR MONEY. You think you are a big time trader, we all know it. PM me your fax number and I will fax you my K1 in which I traded MY OWN MONEY ON AN ACTUAL EXCHANGE. You think I am missing something from you that may be useful ? Hmmm. I think you could benefit from the only guy on this site who has actually traded and been a market maker in the exact products you brag about.

  Please tell us that great line you use about not having the time or knowledge, was it a kicking the tires metaphor?, about not being able to pick out a quality dividend paying stock.   It was the perfect line for a Donkey. [/quote]   How are those dividend paying stocks from 3 years ago that you had the knowledge to pick out ? Oh i forgot, you were out in front of the financial collapse. You didn't have BofA or JPM or AIG or Citi ,etc in your recommendations. If you saw that coming, which you obviously can, a couple put purchases would have you on a beach now.
Nov 3, 2009 1:36 am

This thread got weird.

Nov 3, 2009 1:38 am

[quote=Gaddock]And I care what you think how much???

  LOL Moron.[/quote]


Actually you appear to be extremely concerned with what everyone thinks about you.

DLOL

I wonder how little respect one must receive in his life to need to come to an internet message board and brag.
Nov 3, 2009 1:39 am
Ron 14:

Berk I don’t know if you were trying to rip me or what, but I was coming to your defense from the beginning. I will just let you get run over next time.

  Hope it was worth it.     I'm going home girls. You two can finish each other off on the open he he.   See you in the funny pages.
Nov 3, 2009 1:40 am

Just PM me that fax number, Natenberg

Nov 3, 2009 1:51 am

Ron…Weddle called me today on my cell. Said you left your dentures on his desk, when you left Jones. Wanted me to tell you to come get them and he also found you KY. He thought you might need it at the Bank. Since he was done with you.

Nov 3, 2009 4:00 am

[quote=BerkshireBull]

[quote=Gaddock]And I care what you think how much???

LOL Moron.[/quote]
Actually you appear to be extremely concerned with what everyone thinks about you.
I wonder how little respect one must receive in his life to need to come to an internet message board and brag.
[/quote]

Windy will be happy someone is posting about him again...

But really, a few pages back, there were like 20 posts about me! If you guys keep posting like that, Windy is going to get himself fired just so he can get some recognition.

New job is going well, but I'm still trying to ramp things up...I'm setting appointments, but I need more if I am going to survive. I'll give a status report in a month or two...

now, back to work,
Still

ps: I'm not 40+ years old (as Windy incorrectly stated before). I can't believe how much that jackass will post without ever even thinking about what he is saying...
Nov 3, 2009 4:39 am

[quote=Still@jones]

[quote=BerkshireBull]

[quote=Gaddock]And I care what you think how much???



LOL Moron.[/quote]Actually you appear to be extremely concerned with what everyone thinks about you.I wonder how little respect one must receive in his life to need to come to an internet message board and brag.[/quote]Windy will be happy someone is posting about him again…But really, a few pages back, there were like 20 posts about me! If you guys keep posting like that, Windy is going to get himself fired just so he can get some recognition.New job is going well, but I’m still trying to ramp things up…I’m setting appointments, but I need more if I am going to survive. I’ll give a status report in a month or two…now, back to work,Stillps: I’m not 40+ years old (as Windy incorrectly stated before). I can’t believe how much that jackass will post without ever even thinking about what he is saying…[/quote]



Hey Still. Why don’t you get fired again. Your good at that.
Nov 3, 2009 5:26 am

[quote=Gaddock] 

Please tell us that great line you use about not having the time or knowledge, was it a kicking the tires metaphor?, about not being able to pick out a quality dividend paying stock.   It was the perfect line for a Donkey. [/quote]   What's the great line Mr. Gaddock uses to nail his clients with those bogus alligator spreads?    
Nov 3, 2009 10:28 pm
DeBolt:

What’s the great line Mr. Gaddock uses to nail his clients with those bogus alligator spreads?

  Alligator Spreads?  I'll bet that's the only spread you know of beyond your Mommy's legs to the Mexican yard workers and garbage collectors. Interesting how you would be familiar with such a term. I had to look it up but wasn't surprised by what I found coming from you.   FYI such a ripoff spread doesn't work in a wrap account.    
Nov 4, 2009 1:23 am

You know what?   If you’ve got a whole bunch of investers who already trust your judgement, why bother?  From my research EJ is a company that trains you in how to do your business and once they train you, after 3 years you can go off on your own.  If I do join EJ and they do teach me how to be a sucessfull advisor, I’m willing to give them the benefit of the doubt and work my ass off for them and me.  Maybe that’s my military background but if someone’s willing to train me to do a job, I feel I owe them what they requrie.  3 years is a hell of a lot less than a military contract of 8 years, and pays a hell of a lot better after 2 if you’re doing your job.  Get over yourself and make a commitment or get the hell out of my way…

Nov 4, 2009 1:25 am

What in God’s name is this guy talking about ?

Nov 4, 2009 4:42 am

[quote=eastjc]You know what?   If you’ve got a whole bunch of investers who already trust your judgement, why bother?  From my research EJ is a company that trains you in how to do your business and once they train you, after 3 years you can go off on your own.  If I do join EJ and they do teach me how to be a sucessfull advisor, I’m willing to give them the benefit of the doubt and work my ass off for them and me.  Maybe that’s my military background but if someone’s willing to train me to do a job, I feel I owe them what they requrie.  3 years is a hell of a lot less than a military contract of 8 years, and pays a hell of a lot better after 2 if you’re doing your job.  Get over yourself and make a commitment or get the hell out of my way…[/quote]

Drunk?