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Jun 14, 2006 2:28 pm

[quote=maybeeeeeeee]

 EDJ brokers are coming to RJ in droves. 

[/quote]

Somebody get the WSJ on the phone.  That is filled with potential for a front page story.

I wonder how many is a drove?  And how many droves are coming to Ray Jay.

Jun 15, 2006 1:30 am

Be careful what you say Big Easy…knowing the Journal these days, they’d publish it

Jun 15, 2006 5:58 am

Big Easy posted:

"Bill starts when he's 23, Bob starts when he's 33.

When they're both 38 Bob's book will be as large, or larger, than Bill's.  Bob will have fewer, but larger, accounts because he was older when he opened them"

 You've got to be smoking crack.  I started when I was 24, 10 years later, I manage over 100 million. By 38 I should be near 150 million.  Are you saying Bob could put together a book of 150 million in 5 years?  rediculous.

Jun 15, 2006 12:51 pm

[quote=rankstocks]

I started when I was 24, 10 years later, I manage over 100 million. By 38 I should be near 150 million.  Are you saying Bob could put together a book of 150 million in 5 years?  rediculous.

[/quote]

I don't believe you.

Jun 15, 2006 8:32 pm

[quote=rankstocks]Big Easy posted:

"Bill starts when he's 23, Bob starts when he's 33.

When they're both 38 Bob's book will be as large, or larger, than Bill's.  Bob will have fewer, but larger, accounts because he was older when he opened them"

 You've got to be smoking crack.  I started when I was 24, 10 years later, I manage over 100 million. By 38 I should be near 150 million.  Are you saying Bob could put together a book of 150 million in 5 years?  rediculous.

[/quote]

Rank,

How much of that 100 million was given to you?  Maybe you took over a Jones office of someone that retired?  I don't believe for a second that you built 100 mill from scratch at Jones.  Every top producer that I knew at Jones would take over a 30-50 mill office then five years later show up at a regional meeting bragging about their 60 million book!

Jun 15, 2006 8:47 pm

[quote=rankstocks]Big Easy posted:

"Bill starts when he's 23, Bob starts when he's 33.

When they're both 38 Bob's book will be as large, or larger, than Bill's.  Bob will have fewer, but larger, accounts because he was older when he opened them"

 You've got to be smoking crack.  I started when I was 24, 10 years later, I manage over 100 million. By 38 I should be near 150 million.  Are you saying Bob could put together a book of 150 million in 5 years?  rediculous.

[/quote]

I am calling Bull Butter on this one.

$100 Million??!! Not in your wildest wet dream.

Brokers at Jones with 10 years seniority and $100 Mil AUM have a pace they must adhear to in order to keep up. They have learned about the industry in which they work. You, on the other, continue to bore us with your spewed comments in splices that lack credence, intelligence or any original thought.

Your posts are ignorant, arrogant and stink of a struggling Segment II broker on goals.

You, Mr. Rankstocks are an LP Wannabe. That's it.

Jun 15, 2006 8:56 pm

By the way, Mr. Big Easy Flood-

Question here:

You said "Bill starts when he's 23 and Bob is 33....

When they're BOTH 38....

Did you leave out the part about Bob getting frozen for 10 years in Dr. Evil's Floating Space Laboratory that resembles the Big Boy? Then Austin Powers comes to restore his mojo so that Bob can have one as big as Bill?

Jun 20, 2006 5:37 am

I'm glad everyone here judges so well.  Too bad you are all wrong.  A mental dwarf can build a book to over a 100 million in 15 years, it takes motivation to do it from scratch like I did in around 10.  I did take over an office, but all the assets were gone.  I'm in my mid-thirties, and started around 11 years ago.  I manage over 100 million, and have done it ALL MYSELF.  Nothing was handed to me, I didn't fall into any assets, just hard work. 

Munytalks, one on one with a potential client, I would absolutely smoke you.  Part of being a great money manager is knowing the weaknesses of different products as well as other firms.  I know my firm has it's weaknesses, as does yours.  How you subtly let your clients know these weaknesses without offending them is an art. 

As for Big Easy, live in your dream world.  If you really believe when both brokers are 38 the one that started 10 years later will manage more money, you are truly a fool.

Jun 20, 2006 10:28 am

[quote=rankstocks]

I'm glad everyone here judges so well.  Too bad you are all wrong.  A mental dwarf can build a book to over a 100 million in 15 years, it takes motivation to do it from scratch like I did in around 10.  I did take over an office, but all the assets were gone.  I'm in my mid-thirties, and started around 11 years ago.  I manage over 100 million, and have done it ALL MYSELF.  Nothing was handed to me, I didn't fall into any assets, just hard work. 

[/quote]

The Internet is a wonderful place--you can be anything you want to be.

Until you've been around the business for a long time you will not appreciate how many people lie about anything and everything.

Why just on this forum alone we have people who claim to have scored in the 90s on Series 7 even though they didn't study.

We have a guy who washed out at UBS, went "indy" and then claims that he took scarce capital and joined a country club instead of leaving it in the bank as a "nest egg" in case his new practice did not get off the ground as quickly as he hoped.  Can you imagine?  Would you tell any client to join a country club while they were trying to start up a business?  Who among us thinks that going indy is going to take so few hours that there will be time to use a country club membership?

And in this soul we have a guy who claims to have gathered an AVERAGE of $1 million per month, starting at the very get go when he was right out of school.  What's the point of lying like that?  Perhaps it's because if he were to say something like that to his friends in the real world they would, in unison, demand that he pay back the money he's been borrowing from them?

Jun 20, 2006 2:56 pm

[quote=rankstocks]

I'm glad everyone here judges so well.  Too bad you are all wrong.  A mental dwarf can build a book to over a 100 million in 15 years, it takes motivation to do it from scratch like I did in around 10.  I did take over an office, but all the assets were gone.  I'm in my mid-thirties, and started around 11 years ago.  I manage over 100 million, and have done it ALL MYSELF.  Nothing was handed to me, I didn't fall into any assets, just hard work. 

Munytalks, one on one with a potential client, I would absolutely smoke you.  Part of being a great money manager is knowing the weaknesses of different products as well as other firms.  I know my firm has it's weaknesses, as does yours.  How you subtly let your clients know these weaknesses without offending them is an art. 

As for Big Easy, live in your dream world.  If you really believe when both brokers are 38 the one that started 10 years later will manage more money, you are truly a fool.

[/quote]

"...a great money manager" ?  You can't seriously consider yourself a money manager at Edward Jones, that is a total joke.  Having seven, oh sorry its eight now, fund families and nothing but large cap stocks offered only on a commission basis is hardly money management.  Rank, you are a bigger joke than that "firm" of yours!

Jun 20, 2006 3:21 pm

[quote=Gone Indy][quote=rankstocks]

I'm glad everyone here judges so well.  Too bad you are all wrong.  A mental dwarf can build a book to over a 100 million in 15 years, it takes motivation to do it from scratch like I did in around 10.  I did take over an office, but all the assets were gone.  I'm in my mid-thirties, and started around 11 years ago.  I manage over 100 million, and have done it ALL MYSELF.  Nothing was handed to me, I didn't fall into any assets, just hard work. 

Munytalks, one on one with a potential client, I would absolutely smoke you.  Part of being a great money manager is knowing the weaknesses of different products as well as other firms.  I know my firm has it's weaknesses, as does yours.  How you subtly let your clients know these weaknesses without offending them is an art. 

As for Big Easy, live in your dream world.  If you really believe when both brokers are 38 the one that started 10 years later will manage more money, you are truly a fool.

[/quote]

"...a great money manager" ?  You can't seriously consider yourself a money manager at Edward Jones, that is a total joke.  Having seven, oh sorry its eight now, fund families and nothing but large cap stocks offered only on a commission basis is hardly money management.  Rank, you are a bigger joke than that "firm" of yours!

[/quote]

Exactly!  Shoving money into American Funds, IMIT's, and "touchdown bonds" is not 'managing money......
Jun 20, 2006 3:44 pm

[quote=Big Easy Flood][quote=rankstocks]

I'm glad everyone here judges so well.  Too bad you are all wrong.  A mental dwarf can build a book to over a 100 million in 15 years, it takes motivation to do it from scratch like I did in around 10.  I did take over an office, but all the assets were gone.  I'm in my mid-thirties, and started around 11 years ago.  I manage over 100 million, and have done it ALL MYSELF.  Nothing was handed to me, I didn't fall into any assets, just hard work. 

[/quote]

The Internet is a wonderful place--you can be anything you want to be.

Until you've been around the business for a long time you will not appreciate how many people lie about anything and everything.

Why just on this forum alone we have people who claim to have scored in the 90s on Series 7 even though they didn't study.

We have a guy who washed out at UBS, went "indy" and then claims that he took scarce capital and joined a country club instead of leaving it in the bank as a "nest egg" in case his new practice did not get off the ground as quickly as he hoped.  Can you imagine?  Would you tell any client to join a country club while they were trying to start up a business?  Who among us thinks that going indy is going to take so few hours that there will be time to use a country club membership?

And in this soul we have a guy who claims to have gathered an AVERAGE of $1 million per month, starting at the very get go when he was right out of school.  What's the point of lying like that?  Perhaps it's because if he were to say something like that to his friends in the real world they would, in unison, demand that he pay back the money he's been borrowing from them?

[/quote]

BEF-

It's fine if you want to challenge your perception(as to credibility) of my situation head on by posting on the same thread.  Like I said, I'm not going to lose sleep if you don't believe what I say, anyway.

But-I think it's another thing entirely to make derogatory references to me on a different thread.  This, too, is not the first time you've done it.

We're hardly best buddies, but I would expect something like this would be below you.  Apparently I was wrong.

I suppose there is just so little going on in your life right now that you have time to obsess over an insignificant loser like me, eh?
Feb 27, 2011 2:18 am

Hello,

I am looking to become an Internal Wholesaler at a Mutual Fund Company where I would need my licenses.  I've been with Jones since 11/2009.   This side of the business is not for me.  At the mutual fund company, I wouldn't be engaged in solicitation of clients, nor would I be a Financial Advisor.

Will Jones come after me for training costs?  

I figure that it's not engaged in selling securities or insurance, so I would assume no.  Please let me know either way as soon as you can.

Mar 10, 2011 5:24 am

I left EJ about ten years ago after 18 months of employment with the firm and and settled the $75K training fee for $3,000 and $3,500 in attorney fees.  I then took $18M of my clients assets with me to become independant.  Payout went from 38% to 90% overnight.  Of course I lost my EJ fully taxed two trips a year which I was getting charged top dollar for out of my commission checks.  I never looked back.  To date $112M in AUM and loving every miniute of the 90% payouts!  EJ has great newbee training but you'll never get rich working for the general partners unless you become one.

Mar 12, 2011 10:32 pm

If you have a series 7 and 63 and live in NYC then we need to talk. I'm gonna add to my desk. (yes I know this is vague.. I can't go into too much detail on a forum for compliance reasons) We are one of the fastest growing firms in the country with multiple offices around the world. Please pass this around to anyone you know who qualifies. NO OPENING ACCOUNTS FOR A SENIOR!!! email resumes to [email protected]