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Top 5/Bottom 5 Indy BD Choices

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Feb 5, 2010 9:10 pm

[quote=CALI123] [quote=chief123](retards do that at walmart… )

 [/quote]

Um it's pronounced re-tard (think Hangover)



[/quote] "It's not illegal. It's frowned upon, like masturbating on an airplane"
Feb 5, 2010 9:11 pm

“Uh, if we’re sharing beds, I’m bunking with Phil. You cool with that?”

Feb 5, 2010 9:12 pm

Hey, this is Phil. Leave me a message, or don’t, but do me a favor: don’t text me, it’s gay

Feb 6, 2010 1:39 am

[quote=chief123]Isn’t the reason most of us when independent so we don’t have to deal with stupid notions of how much to produce this year to justify my job…

  Anybody who does over $250k can do $750k if they are willing to put in the time... But I thought the goal of indy was life/work balance...?????[/quote]   Exactly...and well said.
Feb 6, 2010 1:45 am

[quote=Indyone][quote=chief123]Isn’t the reason most of us when independent so we don’t have to deal with stupid notions of how much to produce this year to justify my job…

  Anybody who does over $250k can do $750k if they are willing to put in the time... But I thought the goal of indy was life/work balance...?????[/quote]   Exactly...and well said.[/quote]

Interesting insight... in that case why ever leave Jones?  Paid assistant.  Nice advisory program.  Trips.  Office paid for.  Good name on the street.  LP. Profit Sharing. 

Seems like a good "work/life" balance to me.
Feb 6, 2010 1:57 am

[quote=hotair1] [quote=Indyone][quote=chief123]Isn’t the reason most of us when independent so we don’t have to deal with stupid notions of how much to produce this year to justify my job…

  Anybody who does over $250k can do $750k if they are willing to put in the time... But I thought the goal of indy was life/work balance...?????[/quote]   Exactly...and well said.[/quote]

Interesting insight... in that case why ever leave Jones?  Paid assistant.  Nice advisory program.  Trips.  Office paid for.  Good name on the street.  LP. Profit Sharing. 

Seems like a good "work/life" balance to me.[/quote]   For some, it is.  I personally never worked there, but without question, I get a much higher payout for my effort, I have a much wider array of products, and when I retire, I have something to sell or pass down to my kid.  Those are a few differences I can think of that mean something to me.
Feb 6, 2010 3:52 am
hotair1:

Interesting insight… in that case why ever leave Jones? Paid assistant. Nice advisory program. Trips. Office paid for. Good name on the street. LP. Profit Sharing. Seems like a good “work/life” balance to me.



To move from $80K to $120K is pretty damn difficult at Jones. If you're working at Jones later in your third year, you pretty much are pushing up 80K net.

At that same time, you're grossing $200K ... and all you're approaching $150K. You can even give an admin $30K for parttime work and still make more than all your buddies back at Gang Green.
Feb 6, 2010 3:01 pm

[quote=hotair1] [quote=Indyone][quote=chief123]Isn’t the reason most of us when independent so we don’t have to deal with stupid notions of how much to produce this year to justify my job…

  Anybody who does over $250k can do $750k if they are willing to put in the time... But I thought the goal of indy was life/work balance...?????[/quote]   Exactly...and well said.[/quote]

Interesting insight... in that case why ever leave Jones?  Paid assistant.  Nice advisory program.  Trips.  Office paid for.  Good name on the street.  LP. Profit Sharing. 

Seems like a good "work/life" balance to me.
[/quote] You are kidding right?? Terrible investment platform, trips and LP are part of the carrots.. Name on the street is good with people with $25-$175K in metro areas(if you live in the sticks it is the go to place because you are comparing it to "towny" banks).. Why leave jones?Umm???? 33% payout on C shares. No VA choices but A shares, no platform to actually manage money(the term financial advisor doesn't even fit at jones, salesman is better). No options, secretary is not needed for the first 4 years, so you are paying for nothing...Regional meetings(waste of time) segment meetings(waste of time)..     Sorry...    
Feb 6, 2010 3:04 pm

[quote=Indyone][quote=hotair1] [quote=Indyone][quote=chief123]Isn’t the reason most of us when independent so we don’t have to deal with stupid notions of how much to produce this year to justify my job…

  Anybody who does over $250k can do $750k if they are willing to put in the time... But I thought the goal of indy was life/work balance...?????[/quote]   Exactly...and well said.[/quote]

Interesting insight... in that case why ever leave Jones?  Paid assistant.  Nice advisory program.  Trips.  Office paid for.  Good name on the street.  LP. Profit Sharing. 

Seems like a good "work/life" balance to me.[/quote]   For some, it is.  I personally never worked there, but without question, I get a much higher payout for my effort, I have a much wider array of products, and when I retire, I have something to sell or pass down to my kid.  Those are a few differences I can think of that mean something to me.[/quote] Exactly.. It feels better when you build something that is yours to keep as opposed to giving back to the "master" when you are done...   Also i get to determine expense, no need for retail(read next to subway) location and paying out the ear for it. No need for whatever technology jones is using and paying so much for. I think my internet,phones,fax, research subscriptions, crm are stil 50% of what jones charged me..(and double the payout helps) those trips suck by the way(nice locations) but just an EDJ beat off session...
Feb 6, 2010 3:48 pm

[quote=hotair1] [quote=Indyone][quote=chief123]Isn’t the reason most of us when independent so we don’t have to deal with stupid notions of how much to produce this year to justify my job…

  Anybody who does over $250k can do $750k if they are willing to put in the time... But I thought the goal of indy was life/work balance...?????[/quote]   Exactly...and well said.[/quote]

Interesting insight... in that case why ever leave Jones?  Paid assistant.  Nice advisory program.  Trips.  Office paid for.  Good name on the street.  LP. Profit Sharing. 

Seems like a good "work/life" balance to me.
[/quote]   Single most ridiculous post ever. What a dumbass.  
Feb 6, 2010 3:56 pm
hotair1:



Interesting insight… in that case why ever leave Jones?  Paid assistant.  Nice advisory program.  Trips.  Office paid for.  Good name on the street.  LP. Profit Sharing. 

Seems like a good “work/life” balance to me.

 
Why not be a slave? 

Master feeds you.
Master clothes you.
Master gives you a good white name.
Master has a good program that let's you pick the cotton you want (read:  the cotton on his plantation).
Master has other slaves to bale the cotton that you picked (read:  assistant).

As for the trips, I guess Jones does have an advantage unless you count the trips with Master to the market.

Great work/life balance.

For all the Jones people who will talk about the unfair characterization - you are right.  This was extreme.  But, I always felt I didn't have the flexibility I needed to be effective.


Feb 6, 2010 4:10 pm

Hey … Ron … that’s extreme. Single most ridiculous post ever?  LOL. A little perspective here, folks.

  I know, we need a good Jones-bashing forum. Morean's beating the drum. You guys are too much. :)
Feb 6, 2010 5:02 pm

Find a post more illogical then saying EJ is better than Indy.

Feb 6, 2010 5:51 pm

[quote=chief123]Ok… Squash is kind of creepy, but that guy seemed to be full of sh*t too…I love how we still measure our penis by production and number of assistants…Really?? So all of a sudden producing $250K taking home $225 before taxes and expenses is a bad thing? maybe i should pay somebody another $40K to answer a phone and greet people(retards do that at walmart… )

  Isn't the reason most of us when independent so we don't have to deal with stupid notions of how much to produce this year to justify my job...   Anybody who does over $250k can do $750k if they are willing to put in the time... But I thought the goal of indy was life/work balance...????? [/quote]

You said the goal of indy was a life/work balance. Does Jones not provide that?  Instead of defending the stupid point you made you instead opted to attack Jones.

The goal of indy then is not WORK/LIFE balance.  Douche bag fell straight into my trap.
Feb 6, 2010 5:52 pm

[quote=Moraen]

hotair1:



Interesting insight… in that case why ever leave Jones?  Paid assistant.  Nice advisory program.  Trips.  Office paid for.  Good name on the street.  LP. Profit Sharing. 

Seems like a good “work/life” balance to me.

 
Why not be a slave? 

Master feeds you.
Master clothes you.
Master gives you a good white name.
Master has a good program that let's you pick the cotton you want (read:  the cotton on his plantation).
Master has other slaves to bale the cotton that you picked (read:  assistant).

As for the trips, I guess Jones does have an advantage unless you count the trips with Master to the market.

Great work/life balance.

For all the Jones people who will talk about the unfair characterization - you are right.  This was extreme.  But, I always felt I didn't have the flexibility I needed to be effective.


[/quote]

Moran can't read huh?
Feb 6, 2010 6:01 pm

btw: I’m not defending Jones but if your goal is a good life/work
balance they provide it.  If your goal is to own something. Make more
money.  Offer different products.  Indy provides it.

Jones provides a great work / life balance

You don’t have the worries of business ownership
Insurance is provided
Assistant is provided
No boss
You choose the dress code
Trips or cash if you earn them
LP if you want to buy it
401k
Ability to anuitize your business
Your own office
Solid brand
Training
Research
Family focused (after production of course)

Soooo if the goal of going Indy is life/work balance you are idiots.  I’m going indy for a VERY different reason.

You guys are pathetic.

Feb 6, 2010 6:17 pm

[quote=hotair1]btw: I’m not defending Jones but if your goal is a good life/work
balance they provide it.  If your goal is to own something. Make more
money.  Offer different products.  Indy provides it.

Jones provides a great work / life balance

You don’t have the worries of business ownership (Agree 100%)
Insurance is provided (I pay less as an independent)
Assistant is provided (Low standards for assistants - most BOAs suck)
No boss (Who the hell are you kidding?)
You choose the dress code (See above)
Trips or cash if you earn them (This is a weak argument - Indy’s go on trips all of the time - and we don’t pay taxes on them.  In some cases, we can even write them off)
LP if you want to buy it (Limited ownership or total ownership - You choose)
401k (Seriously?  Somebody provides you a 401k and that’s good?  I have a great plan, but I can put more away than you can)
Ability to anuitize your business (Now you do - and at what cost?)
Your own office (Whose office?)
Solid brand (There are arguments either way for this, but it is a more solid brand than being indy for sure)
Training (Good training for sure)
Research (You have GOT to be kidding, right?  What research)
Family focused (after production of course) (Cult focused.  They are focused on getting your family to buy into the Jones life, so that it will make it harder for you to leave.  Thank God my wife is brilliant)

Soooo if the goal of going Indy is life/work balance you are idiots.  I’m going indy for a VERY different reason.

You guys are pathetic.
[/quote]

Like I said, I left for very different reasons.  You are still a slave to Jones way of doing things and you aren’t compensated nearly enough (IMHO) for your work.

Feb 6, 2010 6:58 pm

[quote=Moraen]

[quote=hotair1]btw: I’m not defending Jones but if your goal is a good life/work
balance they provide it.  If your goal is to own something. Make more
money.  Offer different products.  Indy provides it.

Jones provides a great work / life balance

You don’t have the worries of business ownership (Agree 100%)
Insurance is provided (I pay less as an independent) - Debatable for everyone
Assistant is provided (Low standards for assistants - most BOAs suck) - Not mine
No boss (Who the hell are you kidding?) - Production standards are your boss at Jones.
You choose the dress code (See above)
Trips or cash if you earn them (This is a weak argument - Indy’s go on trips all of the time - and we don’t pay taxes on them.  In some cases, we can even write them off) - You do pay taxes on your trips unless you are using MUNI income to fund them + plus you pay for them. 
LP if you want to buy it (Limited ownership or total ownership - You choose) That’s what I said?
401k (Seriously?  Somebody provides you a 401k and that’s good?  I have a great plan, but I can put more away than you can) - want a cookie?
Ability to anuitize your business (Now you do - and at what cost?) - always have in my case
Your own office (Whose office?) - your forgetting the argument.  work/life
Solid brand (There are arguments either way for this, but it is a more solid brand than being indy for sure) - Investors respect Jones.  Advisors here might not but who cares - they are not potential clients.
Training (Good training for sure)
Research (You have GOT to be kidding, right?  What research) - work/life balance?
Family focused (after production of course) (Cult focused.  They are focused on getting your family to buy into the Jones life, so that it will make it harder for you to leave.  Thank God my wife is brilliant) - I don’t get a cult feel. Maybe you did.

Soooo if the goal of going Indy is life/work balance you are idiots.  I’m going indy for a VERY different reason.

You guys are pathetic.
[/quote]

Like I said, I left for very different reasons.  You are still a slave to Jones way of doing things and you aren’t compensated nearly enough (IMHO) for your work.
[/quote]



Please note we are talking about work/life balance.

Feb 6, 2010 7:39 pm

[quote=hotair1]

[quote=Moraen]

[quote=hotair1]btw: I’m not defending Jones but if your goal is a good life/work
balance they provide it.  If your goal is to own something. Make more
money.  Offer different products.  Indy provides it.

Jones provides a great work / life balance

You don’t have the worries of business ownership (Agree 100%)
Insurance is provided (I pay less as an independent) - Debatable for everyone (If you are unhealthy, that is your issue, but because I am healthier, I don’t have the fat ass Jones guys bringing my premiums up)
Assistant is provided (Low standards for assistants - most BOAs suck) - Not mine (Like I said, most)
No boss (Who the hell are you kidding?) - Production standards are your boss at Jones. (Really, can you write covered calls at Jones?  If you are a Segment 2, can you avoid regional meetings?)
You choose the dress code (See above)
Trips or cash if you earn them (This is a weak argument - Indy’s go on trips all of the time - and we don’t pay taxes on them.  In some cases, we can even write them off) - You do pay taxes on your trips unless you are using MUNI income to fund them + plus you pay for them.  (I don’t pay taxes on my trips - the money used by the firm to pay for them are considered business expenses - it is a business function.  A retreat for the officers of the company - Tax write off)
LP if you want to buy it (Limited ownership or total ownership - You choose) That’s what I said? (LP is really not the same as owning anything - but whatever)
401k (Seriously?  Somebody provides you a 401k and that’s good?  I have a great plan, but I can put more away than you can) - want a cookie? (I don’t need a cookie, I can put away five times what a Jones person can - reduce my taxable income and pay myself more)
Ability to anuitize your business (Now you do - and at what cost?) - always have in my case (I forgot to say, “It’s not your business”)
Your own office (Whose office?) - your forgetting the argument.  work/life (Not forgetting the argument - if you use having your own office as an argument, then it has nothing to do with work/life balance, but everything to do with “perks”.  I have my own office, and if I decide to change custodians, I don’t have to vacate it.
Solid brand (There are arguments either way for this, but it is a more solid brand than being indy for sure) - Investors respect Jones.  Advisors here might not but who cares - they are not potential clients. (Some investors respect Jones.  When I was at Jones, most people didn’t know the difference between EJ and AGE - those that did knew that Jones catered to people with average HH of $50k)
Training (Good training for sure)
Research (You have GOT to be kidding, right?  What research) - work/life balance? (You can get better research a lot cheaper than for what you pay at Jones and not have to do it yourself)
Family focused (after production of course) (Cult focused.  They are focused on getting your family to buy into the Jones life, so that it will make it harder for you to leave.  Thank God my wife is brilliant) - I don’t get a cult feel. Maybe you did. (True, not everyone gets that feel)

Soooo if the goal of going Indy is life/work balance you are idiots.  I’m going indy for a VERY different reason.

You guys are pathetic.
[/quote]

Like I said, I left for very different reasons.  You are still a slave to Jones way of doing things and you aren’t compensated nearly enough (IMHO) for your work.
[/quote]



Please note we are talking about work/life balance.
[/quote]

I get that we’re talking about work/life balance.  My work/life balance is so much better now.  But some of the thing you brought up have nothing to do with work/life balance. 

Feb 6, 2010 7:45 pm

With respect to trips, you pay taxes on them.  Twice.  Jones trips, we pay taxes once. It’s a silly point but you guys love to play that card and its dead wrong.  I personally look forward to paying tax twice on my trips.