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BigPayDay Defend Jones Answers Questions

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Jun 4, 2005 11:04 am

I have a question for BigBayDay,

As a licensed individual you would not want to misrepresent yourself to the general public which would also include this online forum.  For clarification, are you a General Partner at Edward Jones?  Have you ever been a General Partner at Edward Jones?  If not a GP, are you now a LP? 

Thanks in advance...

I'm sorry BigPayDay, I saw you were on since I last posted this question and you must have missed it.  Would you mind answering it now?  Thanks in advance...

Jun 5, 2005 6:00 am

Clones, Drones & BigPayDay,

Can we please get an answer, no load writting, just want to hear FACTS?

Jun 8, 2005 7:29 am

Isn't in amazing that Jones Drones & Clones can't take the HEAT, and can never take on QUESTIONS?

Jun 9, 2005 5:40 am

BigPayDay, aka LOSER 

Are you or have you ever been a GP?

Jun 15, 2005 5:52 am

PLAYER -

7YRVET makes some good points - but you do,too.  I left EDJ because of the philosophy that goes like this....."but Mr. & Mrs. Client you lost LESS because your money was invested at EDJ"....  it isn't a matter of "how much" or "who's fine was bigger".  The point is that every new person hired at EDJ is confronted by a bunch of sanctimonious (?), self-riteous, holier-than-thou, "we're better than everyone else because we're GOOD" xxx - JERKS!!  We were NEVER told the truth about "revenue sharing" because as new IRs - we were too stupid to know.  I was one of the lucky ones to be "trained" on frigging PUTNAM and American Funds - I was also the one left holding the bag in front of ELDERLY CLIENTS who TRUSTED ME - not EDJ - they trusted ME and because I trusted EDJ - they were screwed. 

Doesn't anyone at EDJ make friends with their field supervision person?  Your MANAGER??  If you did, they'd probably tell you too - "this revenue sharing thing is nothing - wait til the annuity scandal breaks!". 

Has anyone tracked the stock buy/sell opinions?  Start looking...

Has anyone tracked the number of GPs who left right before this all broke?

Does ANYONE know where the 13 months of revenue sharing collected by American Funds goes for that period prior to the IRs receiving any?

So I guess I'll agree with both 7yrvet and Player - they suck - just less than some - it IS the industry and that's why I left it entirely.  And in advance to some of the "you were just a loser IR" postings that will follow this - No - I was seg 4.  It just made me sick.

And Player - it still bugs me, too.  Bachman must be laughing his axx off!    Throw himself on the sword?  You've got to be kidding me!!  Doug Hill's salary before bonus and GP returns in 1999 was $10Million for that year alone! according to the STL newspaper - article "Highest Paid Executives in St. Louis".  I don't know if he would have gone to jail or not - but he never struck me as the "take one for the firm" type of guy, but I could be wrong....

Jun 15, 2005 2:40 pm

GONE2005 SAID:

Does ANYONE know where the 13 months of revenue sharing collected by American Funds goes for that period prior to the IRs receiving any?



------------------------------

You need to get your facts straight. I think you are getting trails mixed up with revenue sharing. (BIG difference) You obviously don’t know what your talking about so don’t act like you do.

Jun 16, 2005 7:14 am

Gone 2005,

I agree..................

Jun 23, 2005 1:43 pm

BFD,

What happen to you...............

Jun 27, 2005 2:57 pm

I have to laugh that we consider the Wall Street Journal to somehow be a source of complete 'Facts'....because we all know they've NEVER made a fact error!

Jun 27, 2005 8:16 pm

I was a source for the WSJ art...they got the facts mostly right but the slant should have been different.  They should have attacked the firm more than suggesting we IR's sold funds because of RS...hell...most of us never saw any or very little of the RS dollars.

btw...Jones sucks!

Jun 28, 2005 1:45 am

uwec and player, you are both friggin’ morons. I am loving life at Jones. Obviously JD Power didn’t call you guys. Yee Ha Bubba!! I’m just a dumbass Jones broker that don’t know sht from first base. My clients love me and give me about 20 million more every year. My trails are about 350m gross which puts my kids through private school (which teaches them to spell better than me I hope) I just got me my first computer which lets me read ya’lls bs and kind of feel sorry for yer lack of common sense which is that people do business with people like themselves. So, that means that if you all can find a whole shtpot of people that are miserable, hate life and think that everyone is out to screw 'em, ya’ll should be Top Damn Producers.

Jun 28, 2005 2:01 am

Yee Ha Bubba!! I'm just a dumbass Jones broker that don't know sh*t from first base. My clients love me and give me about 20 million more every year. My trails are about 350m gross which puts my kids through private school (which teaches them to spell better than me I hope) I just got me my first computer which lets me read ya'lls bs and kind of feel sorry for yer lack of common sense which is that people do business with people like themselves. So, that means that if you all can find a whole sh*tpot of people that are miserable, hate life and think that everyone is out to screw 'em, ya'll should be Top Damn Producers

ROFLMAO....     I can say no more.  

Jun 28, 2005 2:10 am

I'm not a Jones rep and never have been, but if you're getting 350m gross trails and giving away 60% of that, not to mention the front load on the amount of sales that represents, you're being sucker punched.  Still, if you're happy with that, good for you.

Whatever. 

Just my $.02.

Jun 28, 2005 5:34 am

just heard about the new summer contest at jones. for increasing their assets under management jones irs will be blessed with a framed picture of 3’mil himself.



beside it is a caption that says something about the succuess of this firm will never be in doubt as long as we focus on the success of our client the individual investor.



First, the framed pic of 3’mil makes jones a little more cult-like than ever. combine that with the kool-aid and were due for a mass suicide at the next comet siting.



Second, as for the success of the firm. he’s the one bringing that up this time. had not ever really crossed anyone else’s mind.



Third, it will be embarrasing when the firm has to have all the “winning” irs take down their pictures of 3’mil unless they place a DISCLOSURE over it stating that



THIS MAN WAS FORCED TO RESIGN BY THE SEC. TAKE ADVICE FROM HIM AT YOUR OWN RISK

Jun 29, 2005 6:28 am

[quote=Philo Kvetch]

I'm not a Jones rep and never have been, but if you're getting 350m gross trails and giving away 60% of that, not to mention the front load on the amount of sales that represents, you're being sucker punched.  Still, if you're happy with that, good for you.

Whatever. 

Just my $.02.

Stupid is more like it.................................

Jun 29, 2005 6:40 am

[quote=KoolAidChugger]uwec and player, you are both friggin' morons. I am loving life at Jones. Obviously JD Power didn't call you guys. Yee Ha Bubba!! I'm just a dumbass Jones broker that don't know sh*t from first base. My clients love me and give me about 20 million more every year. My trails are about 350m gross which puts my kids through private school (which teaches them to spell better than me I hope) I just got me my first computer which lets me read ya'lls bs and kind of feel sorry for yer lack of common sense which is that people do business with people like themselves. So, that means that if you all can find a whole sh*tpot of people that are miserable, hate life and think that everyone is out to screw 'em, ya'll should be Top Damn Producers.[/quote]

This guy came off the farm with Doug "3" Mil Hill bending him over and over and over and over and over...............wow, the language would never be aloud at a Regional meeting, or you sure you represent Edward Jones?   If you trails are that high you should take by 100K bet?  Oh, that's right 350K trails at 38% equals $ 133K Taxable income and after taxes, you couldn't afford it...no wonder you are sooooooooooo bitter  

There are many firms that would pay you 90% and you pay your own expenses, so let's say you are a high roller and only net 60% that equals 210K I would think you would come out a lot better, instead of being sooooooooo bitter, do the math............Maybe get to take a month off like I going to do in July