Perfect for Jones. Apply online.

I took an evaluation on EJs site.  They have contacted me several times.  Sounds good so far.  I just want to make sure I make the right decision.  I would hate to “learn the business” and then say, “Man I wish I would have started at xxxx”  I wish thier salary during training was higher though.  I hate taking the pay cut for 4 months.

Seriously, you sound like a good Jones candidate…small town USA…new to the business.  As with any employer, you may discover things you don’t like later, but it’s hard to argue with their success with start-up reps in smaller towns.

No, I am not looking for a salary job at all.  I know what you are saying though.  Once I can start some accounts and earn my money I know I will be fine.  I can afford the few months of lower pay, it will just suck compared to what I am used to.  I keep telling myself it will be well worth it in the long haul though, which is the only reason I want to make this move.

first two years if you’re good and work hard at jones you can make 80-100k per year. Great training–not a perfect firm of course. alot of negative stuff on here, but that’s ok cuz if you do it right there’s no way in hell you will have time for online forums anyway.

Seeing as you will be working with a pool of potential clients with not a lot of money to invest, have you considered an insurance B/D?  That way, the smaller accounts will be more profitable because you’ll have the training to offer life/disability/long term care/health insurance.  If your town has a Northwestern Mutual, Mass Mutual, NY Life, or Guardian agency, I would recommend contacting them for an interview.

80 - 100k at jones in year one and two? be real. maybe one out of 1000 starting from scratch makes that kind of money. you would have to gross over 350k and odds are that isnt happening for a green horn

[quote=jamesbond]80 - 100k at jones in year one and two? be real. maybe one out of 1000 starting from scratch makes that kind of money. you would have to gross over 350k and odds are that isnt happening for a green horn
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Huh?  How do you figure that?

Earning $80K on $350K production would be less than a 23% payout; $100K would be less than a 29% payout.  I know EJ’s grid isn’t the best but I assume it is better than that, especially when you throw in first year training salary and fairly achievable bonuses.

Based on what you have shared, I would say EJ.  One thing to ask is how many friends and customers have already told you they will invest with you.  I know a former sales manager of a large dealership who landed at ML.  He brought his list of nearly 1,000 clients from his career as a car salesman.  He landed one as a client at ML. Not trying to burst your bubble, just be realistic of how many will work with you.

No I haven’t looked into insurance, not sure if that’s what I want to do.

[quote=jamesbond] 80 - 100k at jones in year one and two? be real. maybe one out of 1000 starting from scratch makes that kind of money. you would have to gross over 350k and odds are that isnt happening for a green horn

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With salary and bonuses, and a 40% payout, you would only need about 150-180K gross to hit 80-100K net in your first few years. Even after the bonuses go away after year 3, you would need about 200-270K gross to do it.



But you’re right, even 150K gross in year one is tough for anyone (starting from scratch).

Based on what you have shared, I would say EJ.  One thing to ask is how many friends and customers have already told you they will invest with you.  I know a former sales manager of a large dealership who landed at ML.  He brought his list of nearly 1,000 clients from his career as a car salesman.  He landed one as a client at ML. Not trying to burst your bubble, just be realistic of how many will work with you.

A little piece of advice for you that I experienced a few years ago.  Don’t expect that even half of these people you already deal with are going to follow you into your new career.  You are changing professions and when it comes to money, people do not want a rookie managing their money, no matter how much or little it is.  I made this transition from one sales job to being an FA a few years ago and was mortified how few people I already dealt with were willing to let me handle their money.  In their eyes, I was an expert at something else, not at managing their portfolio.  After a few years, more eventually would ask my opinion on something and then sign the acat.  They could see that I had become more rooted into the business and no longer viewed me as a rookie.  Keep this in mind so it won’t sting as much…

Find a senior Broker with a team concept you can join. Get a salary  and get a split number with the senior advisor. Agree when you are big enough you can go on your own and you will develop the next " you " for him.

80k, year 1, starting at zero–I am not the only one to do it! Every few months you get a 7k bonus, win a trip or two with bonus points, salary, new account bonuses (best month was 1700), commissions. It’s just working hard. Get real yourself.