New IR
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Ive been reading the posts for the past couple months and havent really
posted anything. Im with Edj obvioulsy since 05. Ive been doing very
well. It has been interesting to have read all the opinions about EDJ from
current and ex brokers. I agree on many facets with what people have
said, but on the whole I am not sold on the reasons people shouldnt start
or couldnt make as much money in your first few years or even 10 yrs
with the firm. I dont care what firm you start with, its all about the
individual Rep. If you make it that far or at all … fine. Choose which
ever B/d best fits you. But regardless of firm, ball’s in the IR’s court. Why
do people bash it so much? No firm is perfect for everyone.
[quote=EDJIR2005]Ive been reading the posts for the past couple months and havent really
posted anything. Im with Edj obvioulsy since 05. Ive been doing very
well. It has been interesting to have read all the opinions about EDJ from
current and ex brokers. I agree on many facets with what people have
said, but on the whole I am not sold on the reasons people shouldnt start
or couldnt make as much money in your first few years or even 10 yrs
with the firm. I dont care what firm you start with, its all about the
individual Rep. If you make it that far or at all ... fine. Choose which
ever B/d best fits you. But regardless of firm, ball's in the IR's court. Why
do people bash it so much? No firm is perfect for everyone. [/quote]
EDJIR, I am seriously thinking of entering the business with EJ as a second career. HAve you found that for the most part the info posted on EJ website regarding "a day in the life" is true. I am curous to see understand how many doors a guy in your position is knocking on daily. Are you walking the streets 60 hours a week trying to meet the minimums etc? Thanks.
The difference is jones ir's are just salespeople. They are taught to push products. Leaving the koolaid trough was the best decission I made. Independence allows you to get a higher payout and be an advisor to the client, not a product pusher.
Bubble-you're going to work 60 hours/week regardless of where you are (maybe even more). The thing you should ask yourself is whether you would rather pound the pavement or do it over the phone. Additionally, what products do you want to present these prospects with and what firm has these available on their platform.
I agree that compared to independents that EDJ has a less choice in
products, but that does not mean you have to become a product pusher. I
do not push products. In fact I dont sell on the product. I sell myself as
someone who helps them find managers to manage their money.
Managers that fit their investment needs. Thats almost secondary.
I sell myself, the process. Typically the money is tranferred into me
before I even make a plan. So yes Im a salesman but aint we all. We all in
the business to sell something. Fee based or not.