[quote=Incredble Hulk]

Please tell me why Edward Jones is NOT the best?  I have not heard one good answer.

[/quote]

Given your, shall we say limited experience and abilities, Edward Jones probably is the best.  For you.

[quote=Incredble Hulk]

Please tell me why Edward Jones is NOT the best?  I have not heard one good answer.

uh…I think this joker is spoofing the real “hulk”…or else he suddenly can’t spell his own name…

#1 - Their technology would be cutting edge, if it was in 1992.

#2 - Their Rep peddle the same old stocks, bonds and mutual funds to everyone blindly with no real thought behind them.

#3 - Look at their model portfolio vs ever other firm on the street.  Reg. Rep. did a comparison and they came in at the bottom in every major category.

#4 - Their is no emphasis on annuitizing your business, it's all about getting the trade done and charging the big upfront fees.

#5 - Door knocking.  This is so stupid.  You're an investment professional, act like it.

#6 - They do not have the tools you need in order to provide comprehensive financial planning.

#7 - I've been approached 3 times by their recruiters who have "a wonderful opportunity to take over the book of a retiring IR."  The book has never been over $25 million.

#8 - 401K and Pension Plans.  The capabilities are virually non-exhistant.  

#9 - Just talk to the reps.  Most of them do not have the fundamental knowledge of finance and economics.  They are sales people.

#10 - Everything that Edward Jones has is available at every other firm on the street, only the other firms can beat the pants off of Jones in each of the categories listed above.

[quote=Indyone]uh…I think this joker is spoofing the real “hulk”…or else he suddenly can’t spell his own name…[/quote]

Damn man you’re right!

Ethics would have to be at the top of your list Hulk. If you don’t see it now,

that means you are not looking hard enough.

They are the best firm on the street for me.  I take 1-3 new accounts from there per month, new client mostly over 200K.  I cannot reveal my secret but it is available only because I work in a bank environment.

[quote=bankrep1]They are the best firm on the street for me.  I take 1-3 new accounts from there per month, new client mostly over 200K.  I cannot reveal my secret but it is available only because I work in a bank environment.[/quote]

Jones is definately the easiest place to take clients from.  No question.

Wait, I thought Edjones had no big accounts.  Jones is not the easiest place to take clients from.  We live and breath for the client in their town, go to ther church, and use their Chinese restaurants and drycleaners. 

We have a bond with our client.

Is it your contention that you are the only one who goes to the same church as your clients?

I really hate to point this out, but you really are pretty stupid.  EDJ is probably where you belong.  And clearly, they deserve you.

[quote=iconsult100]

[quote=bankrep1]They are the best firm on the street for me.  I take 1-3 new accounts from there per month, new client mostly over 200K.  I cannot reveal my secret but it is available only because I work in a bank environment.[/quote]

Jones is definately the easiest place to take clients from.  No question.

[/quote]

I hate to disagree but by far the easiest place to take accounts from is the bank...

[quote=Incredble Hulk]

Wait, I thought Edjones had no big accounts.  Jones is not the easiest place to take clients from.  We live and breath for the client in their town, go to ther church, and use their Chinese restaurants and drycleaners. 

We have a bond with our client.

uh…I think this joker is spoofing the real “hulk”…or else he suddenly can’t spell his own name…

Congratulations, you are the first to pick up on this…

Cool…I’ll pass on the prize, though…

I’ll take the prize!

 Jones is a great place to work.  I'm free from having someone standing over me.  My financial well-being is second to the needs of my clients.  Everyone of you out there knows in your heart of hearts that paying an up-front sales charge, and 25bp thereafter, is an effective, cost-effective way to build long-term wealth for your clients.  However, most of you like the 125bp AUM to sit and you move little around.  But isn't putting the client first most important?  Jones brokers are less paid, but I think the data will show Jones clients do very well on a risk/reward/cost basis.

but the question was why isn't EDJ the best?  Because my feet hurt, and new guys get flung mega million books and then get paraded like kings of sales tactics, discipline, and work ethic. 

that said, I'd say Jones is ONE OF THE BEST.

 ED

[quote=EdJehovah]

 ................, but I think the data will show Jones clients do very well on a risk/reward/cost basis.

[/quote]

Again your ignorance shows, don't "think" do the research and you'll find that Jones customers are at the bottom of the average return.

EdJehovah said

 Jones is a great place to work.  I'm free from having someone standing over me.  As far as you know. There's always someone standing over you.My financial well-being is second to the needs of my clients.  There's a little of this at every firm, but why should you be able to make money for your clients but not be compensated properly for doing so? Everyone of you out there knows in your heart of hearts that paying an up-front sales charge, and 25bp thereafter, is an effective, cost-effective way to build long-term wealth for your clients.  This is your opinion!!! There are many ways to build wealth for your clients and if you give them the proper advice, there is no reason that you should not be paid for your knowledge.  In this profession (notice the pro) you are the one with the knowledge and the ideas just like doctors and lawyers are paid for their advice, we are allowed to make a living too.However, most of you like the 125bp AUM to sit and you move little around. You sound like you've drank the koolaid all the way to the bottom of the pitcher..."all fee-based advisors just sit on the portfolios and get paid for doing it.  They offer no real value to the clients."  Funny thing is that clients want a professionally managed account and don't mind the fees if they are making a good return on their money. But isn't putting the client first most important?  Jones brokers are less paid, but I think the data will show Jones clients do very well on a risk/reward/cost basis. That's right, Jones is the only firm that does what is right for the client. 

but the question was why isn't EDJ the best?  Because my feet hurt, and new guys get flung mega million books and then get paraded like kings of sales tactics, discipline, and work ethic. 

that said, I'd say Jones is ONE OF THE BEST.

 ED

Get a life ED!  You, too will soon figure out that the koolaid is really "unsweetened" and that it'll be a long time before they add any sugar.

EDJ SUCKS