Drew,

Thank you for that info, but I’m trying to get information from people that work for these other companies, about the differences between EDJ and these other companies. I have read every word on the EJ site and have spent 3+ hours per day reading the forums. I can’t find anyone that classifies, A B C shares, tells the actual difference in fee and commission based business, How do you actually get paid on Gross, different details like these…

Thank you for being so detailed, I understood the basics of commission, like I said I’m in the car business. I understand the fee based business now it’s pretty simple, but I don’t understand what the commission would be if say I sell a MF for $40,000, is the commission different on each product or is there an industry standard?

EDJ is a fine company, highly rated by clients.  Big on American Funds and it’s hard to go wrong with American Funds.  They are sophisticated and stick to the basics.  No options which is a downer.  Great training.  It takes the same at EDJ as anywhere I would guess and that’s it takes hard work.

A = you get paid more up front the client loses upfront.  The long run you make less the client makes more

Just to add to what Ice said regarding setting your own hours…I work for Jones, and obviosuly know many others that do.  I pretty much come and go as a I please (though I tend to work long hours).  Take days when i need it.  Come in late or leave early when I need to.  I have friends that only work 3-4 days a week.  I have never once heard someone say that they get flack from anyone ragarding their hours (now, this is assuming they have already “made it”, and are running a goo doffice.  If you are doing 5K gross per month, I suspect they might be talking to you about what you’re doing.

I feel that I have a tremendous amount of freedom with Jones; I pretty much come and go as I please. However, obviously, if I’m not in the office, I’m not selling anything and thus not keeping my little dot above the red line. Therefore, I usually feel guilty if I’m not in the office during regular business hours.

Ice had a good post, but there will be fees at Jones in 2008---this does give you another good Jones option (but does NOT make you a fiduciary--but that matters not at all to you at this point Banks)

when you say there will be fees in 2008, I assume you mean wrap program.  If this is what you meant, it does make you a fiduciary.  And by you, I mean EDJ and the broker. 

You can exhuast yourself w/ research or you can exhaust yourself with work. If you err to the latter it doesn’t matter where you go. Jones is terrific. Some of the best reps I know are there or are from there. They teach you how to story-sell which I strongly feel is as much a level of belief ingrained in you as an intelligence someone has & that’s a major plus. They have VERY defined trade-offs to their business model. I liked these trade-offs when I started because the rigor they provided helped me create my own rigor. I didn’t like them, though, when I got seriously ill and couldn’t be in the office for several months. This got me interested in banks. In your research, be sure to include banks. There’s a search button at the top. Search for bank & see what pops up. Good luck!

Thank you all very much for the information, This does help.  I understand that I haven’t been hired yet, but is there anyway to study for the 7 and 66 online or free somewhere, as I have a lot of free time in the car business? Thanks

Most Borders or Barnes and Noble bookstores have Series 7 study materials you can buy off the shelf.  Amazon may have some used.  I don’t think you are going to find it for free anywhere.  You might find some practice questions on the internet, but not any real material.  I could be completely wrong, so use some of that free time to do some searching.

Aseubanks,

Ok, like I’m the only jones basher around…guess every other non-jones guy took friday off… If you can’t get started anywhere else Jones is fine, it is where I started, but for God’s sakes don’t drink the kool-aide.  Keep your eyes open, your mind open, and realize that other firms and other investment philosophies are not demonic just different.  Mostly Jones is a mutual fund seller, with some bonds and limited stock research.  If you want to expand beyond that, or have true interests in the financial markets, you will eventually end up somewhere else.

Jones is a great place to start your career…and if your like me, live in a small town, a great place to finish your career too.  Before joining Jones I was in banking for 8 years and I must say…the training you get is second to none.  You will hear the Kool-Aid thrown around here and there but it all boils down to Jones doing everything possible to set you up to be successful.

Several reasons why I would NEVER recommend any go to jones: (and I was a great producer at jones)

[quote=GoneIndy02]

Several reasons why I would NEVER recommend any go to jones: (and I was a great producer at jones)

deja vu

Eyetattoo-(cool name)