Received an Offer!
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Hello. I am very new to the site. I have just received the offer phone call and expect to have my offer packet delivered to my doorstep tomorrow morning. Good news!
I am making this post looking for newbie advice. I know I have the exams and graduation to deal with. I have seen alot of sound advice as well as negative comments. I am looking for feedback on best steps to get started and bypass the known pitfalls. Thanks in advance.No comments? Is the training that good for EDJ that all will be taught in the first 19 weeks?
Also, my package did not include the compensation documentation. Is that normal? Is this where the game begins? Obviously I am not returning any documentation until I have this resolved.Congratulations! Welcome to EJ!
Most important, talk to FAs in your region who are successful. They will give you the best ideas; especially for the culture in your town.
Don’t listen to anything written here, this site is full of posers.
This site is also full of people who have had a bad experience at Jones. And people who have learned that all is not rosy at the big green machine.
Are you going to work for EDJ because they offered you a job or because you did your homework and EDJ is the best place for you?
I did my research and really like the training that EDJ provides. In addition, they appear to make a serious effort to ensure you understand what you are getting into.
I have tried to utilize the interview and survey process to understand what the job would be like as much as I could. I spoke with two senior people that seem pretty successful. One is a limited partner. The LP did say during my office visit that he received no benefit for me coming on board but, from other posts it sounds as if he may in trips. Thanks for the feedback!The LP? Are you sure you don’t already work for the home office? Using the lingo and haven’t signed the contract?
[quote=MSMJGM22]I did my research and really like the training that EDJ provides. In addition, they appear to make a serious effort to ensure you understand what you are getting into.
I have tried to utilize the interview and survey process to understand what the job would be like as much as I could. I spoke with two senior people that seem pretty successful. One is a limited partner. The LP did say during my office visit that he received no benefit for me coming on board but, from other posts it sounds as if he may in trips. Thanks for the feedback! [/quote] What about the training do you like ? Or is it just that EJ is always talking about their stellar training and you are buying it? What exactly are they doing to make a serious effort to ensure you understand what you are getting into ? The LP lied right to your face because they fill 1 of 4 buckets to get a diversification trip by recommending someone that gets hired. Im not trying to be a di**head I just want you to think long and hard whether you think it is a fit or whether they are selling you their "opportunity."Although I agree with Ron14, I also believe EVERY company will try to sell you on their “opportunity”. EVERY company over-promises and under-delivers. Welcome to America!
So, unless starting from scratch out on your own is an option for you, I still believe the training at Jones is very good. However, I would also recommend reading a little outside of Jones, so you can have a better understanding about the job and the sales process.
[quote=Ron 14][quote=MSMJGM22]I did my research and really like the training that EDJ provides. In addition, they appear to make a serious effort to ensure you understand what you are getting into.
I have tried to utilize the interview and survey process to understand what the job would be like as much as I could. I spoke with two senior people that seem pretty successful. One is a limited partner. The LP did say during my office visit that he received no benefit for me coming on board but, from other posts it sounds as if he may in trips. Thanks for the feedback! [/quote] What about the training do you like ? Or is it just that EJ is always talking about their stellar training and you are buying it? What exactly are they doing to make a serious effort to ensure you understand what you are getting into ? The LP lied right to your face because they fill 1 of 4 buckets to get a diversification trip by recommending someone that gets hired. Im not trying to be a di**head I just want you to think long and hard whether you think it is a fit or whether they are selling you their "opportunity." [/quote] Just for the sake of accuracy (not that accuracy matters on this site), just because some LP talked to you does not mean they get a "trip bucket" filled. Only those people who actually recruit the new hire get credit. I am sure Ron14 enjoys the "opportunity" to say this person lied to your face but it is just as likely that they don't get credit. Ask the vet point blank if they got recruiting credit. I have talked to many recruits through the years and only been credited with a few hires. Although I got trip credit, not once did I need it to qualify for a trip. We do get LP consideration for the number of hires we recruit. The potential extra LP would not likely compensate an advisor for the hours he/she spent talking to recruits. It is possible someone would "lie to your face" but it hardly seems worth the effort in the grand scheme of building an investment practice. They would probably be much better off spending the time prospecting.What qwerty says is correct I believe. I just don't think this guy is real. Of course, I have been wrong before.
Who says, "I talked to an LP" before they are even hired? I would be interested to know why he would say he gets a trip in the first place. The recruiting credit is usually not needed, especially if someone has LP. As I recall, it doesn't help your overall points much and you only need four categories. If you are allocating your tickets correctly (according to Jones), you shouldn't need it.Ok, first. I am very real. Received my packet yesterday as I stated. I started the process of reviewing such a position a year and a half ago after I had reached the point of no interest in my corporate position. I did not get a warm fuzzy from independents since I do not have an extensive sales background. EDJ’s training process or the process as it is advertised seems a good route for me. I am not expecting it to be perfect but, I believe it will be the best door for me to get started.
As far as LP, its just a sign of the times. We speak in acronyms often now as a part of our culture. I am excited about this role. I do appreciate the positive feedback.To answer the other question about why I said anything about the trip, I have read in other discussions on this forum which alluded to this possibility. I do not know for certain. I can only tell you what the Limited Partner stated and what I have seen posted here.
[quote=Moraen]
What qwerty says is correct I believe. I just don't think this guy is real. Of course, I have been wrong before.
Who says, "I talked to an LP" before they are even hired? I would be interested to know why he would say he gets a trip in the first place. The recruiting credit is usually not needed, especially if someone has LP. As I recall, it doesn't help your overall points much and you only need four categories. If you are allocating your tickets correctly (according to Jones), you shouldn't need it.[/quote] Moraen, First, who is this "qwerty"? I am ytrewq. Second, you are spot on as far as it not being much help. It gives you no gross revenue (as I remember) and you now have to be Meeting Expectations at the time you qualify for the trip. It is highly unlikely you could qualify and be Meeting Expectations and need the hire category to get the trip. Having said that, I do think it should be disclosed as an incentive. As to the issue of the "LP". Don't you kind of wonder why the recruiting FA brought it up? Might be a legitimate reason or might be a reason for the FA to stroke him/her self?The recruiting FA did not bring it up. When I spent my time with the LP, I asked if he received any incentive for talking to me. He was actually pretty open about things, I thought.
All very trueAlthough I agree with Ron14, I also believe EVERY company will try to sell you on their “opportunity”. EVERY company over-promises and under-delivers. Welcome to America!
So, unless starting from scratch out on your own is an option for you, I still believe the training at Jones is very good. However, I would also recommend reading a little outside of Jones, so you can have a better understanding about the job and the sales process.
ytrewq - So the LP told him he doesn’t benefit from meeting with him, but that isn’t a lie ? I have seen guys wrestle with the RL about who gave the credit for a hire. Even if only one of them gets it officially, it plants a seed to the RL that you are working for the cause.
Congrats MSM!!! My only advice, hit the ground running fast, the 12 month salary will be gone before you know it.