Edward Jones Performance Exception
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[quote=voltmoie]I really get a kick out of reading this thread - you sound like a bunch of chicks bitching about their ex-gf, man up and move on. It’s obvious most of you never worked for a corporation before joining Jones. That’s cool of course but don’t blame Jones for your experince … blame your lack of experience in joining Jones.
BTW: the people in my region are outstanding, helpful, and treat me like part of the team.[/quote] Ahmen.sword -
If you didn’t know, Jones reimburses the insurance license renewal fees. You need to check with Branch Acct or somebody in the insurance dept if you didn’t get reimbursed.
You are on your own for the shirts though…
[quote=voltmoie] I really get a kick out of reading this thread - you sound like a bunch of chicks bitching about their ex-gf, man up and move on. It’s obvious most of you never worked for a corporation before joining Jones. That’s cool of course but don’t blame Jones for your experince … blame your lack of experience in joining Jones.
BTW: the people in my region are outstanding, helpful, and treat me like part of the team.[/quote]
This post sounds like a dude who doesn’t realize his girlfriend is screwing his best friend and his best friend looks at him, smiles and says, “It’s a great time to be at Edward Jones”.
“It’s a GREAT time to an Edward Jones financial advisor!” What line of crap are they selling their client’s these days? Hmmmm, let me guess: “At Edward Jones, we take a long, long, long, long, EXTREMELY long-term approach to investing.” I’ll bet the portion of my 401(k) that Obama hasn’t eaten that most Jones lemmings are reciting the Penny Pennington ‘Performane Equation’ ad nauseum: TxExO=P, over and over, again. God, I miss all the training propaganda, and especially the hamburger. You know, I’m so glad you brought that up…
You have the best of both worlds. The training and experience and NO possibility of being sued as you go forward. The only thing that has changed is the algebra. Now you get 85% instead of 38%, consider this a pay raise. Jones is a great place for Jones but it’s a not-so-much-great-place for the IR. You should send the guy who fired you a letter thanking him.
I have never seen so many people have such vitriol for a former employer as ex-Edward Jones employees do.
Yet year after year, Jones is voted the best place to work in the universe. I'm completely and utterly confounded.The funny thing is that in Eval/Grad they are telling newbies to ask prospects that already have an advisor the following…
"oh, thats great you already have someone handling your financial interests, so what is their market recovery plan for you?" So all you non-jones guys out there better have a damn good recovery plan or wind and myself will take them right away with one of the outstanding recovery plans jones' FAs can provide. "Yes we do have a great recovery plan for you Mr. prospect. Let me show you this ICA Guide and tell you some wonderful things about AMERICAN Funds!" cha-ching[quote=Moraen] [quote=voltmoie] I really get a kick out of reading this thread - you sound like a bunch of chicks bitching about their ex-gf, man up and move on. It’s obvious most of you never worked for a corporation before joining Jones. That’s cool of course but don’t blame Jones for your experince … blame your lack of experience in joining Jones.
BTW: the people in my region are outstanding, helpful, and treat me like part of the team.[/quote]
This post sounds like a dude who doesn’t realize his girlfriend is screwing his best friend and his best friend looks at him, smiles and says, “It’s a great time to be at Edward Jones”.
[/quote]
…and yet you are still bitching about a company you no longer work for.
[quote=Borker Boy]I have never seen so many people have such vitriol for a former employer as ex-Edward Jones employees do.
Yet year after year, Jones is voted the best place to work in the universe. I'm completely and utterly confounded.[/quote]Like all things, the vocal minority yells the loudest :)
[quote=voltmoie]
[quote=Moraen] [quote=voltmoie] I really get a kick out of reading this thread - you sound like a bunch of chicks bitching about their ex-gf, man up and move on. It’s obvious most of you never worked for a corporation before joining Jones. That’s cool of course but don’t blame Jones for your experince … blame your lack of experience in joining Jones.
BTW: the people in my region are outstanding, helpful, and treat me like part of the team.[/quote]
This post sounds like a dude who doesn’t realize his girlfriend is screwing his best friend and his best friend looks at him, smiles and says, “It’s a great time to be at Edward Jones”.
[/quote]…and yet you are still bitching about a company you no longer work for.[/quote]
Yep. If you ever dated a bitch, you would still call her a bitch after you broke up.
To be clear, I worked for two large companies before I joined Jones - and when i say large, I’m talking about top three pharma companies. Not to mention I spent eight years in the biggest corporation there is - the Army. I think YOUR lack of experience (notice I spelled it correctly) and naivete have made you defensive about a company where you see only the surface, and not the ugliness underneath.
But I could just be defensive and insecure, what us boys do after we dump the whores! Seriously, if I had gotten put on goals and then dumped, your analogy would work. But those of us who chose a different career path where you are truly a business owner… well, we just moved on from the high school girls.
[quote=Moraen] [quote=voltmoie]
[quote=Moraen] [quote=voltmoie] I really get a kick out of reading this thread - you sound like a bunch of chicks bitching about their ex-gf, man up and move on. It’s obvious most of you never worked for a corporation before joining Jones. That’s cool of course but don’t blame Jones for your experince … blame your lack of experience in joining Jones.
BTW: the people in my region are outstanding, helpful, and treat me like part of the team.[/quote]
This post sounds like a dude who doesn’t realize his girlfriend is screwing his best friend and his best friend looks at him, smiles and says, “It’s a great time to be at Edward Jones”.
[/quote]…and yet you are still bitching about a company you no longer work for.[/quote]
But I could just be defensive and insecure, what us boys do after we dump the whores! [/quote]
Could be? No, you are in a big way.
I think it relates to the “cultic” nature of the firm. Internally it is constantly stressed that Jones is by far the best firm for clients and employees, and all other firms gouge the customer and pit advisors against one another. It seems to polarize people either strongly in favor of the firm or against it.
I think it is a good firm, but comical how they regard themselves and other firms. There also seems to be some major "halo effect" in the Registered Rep annual broker surveys. Even the benefits, of which there are almost none there, get high rankings. Average production at Jones ($240K, I think) is in the neighborhood of half or a third of other major firms. My production has more than doubled after leaving. Last spring I recall Weddell writing that other firms are "insane" in paying bonuses to recruit advisors from other firms. Recently I learned of the $1K bonus per million of AUM transferred in from migrating FA's ($50K for $50M). This isn't exactly attractive, even in today's market, but it is another example of the inconsistencies I noticed more and more over time. I like my manager and fellow FA's much more at my current firm, as well as almost everything else. I'm very happy not to be there any more.[quote=JAXSON] The funny thing is that in Eval/Grad they are telling newbies to ask prospects that already have an advisor the following…
“oh, thats great you already have someone handling your financial interests, so what is their market recovery plan for you?”
So all you non-jones guys out there better have a damn good recovery plan or wind and myself will take them right away with one of the outstanding recovery plans jones’ FAs can provide.
“Yes we do have a great recovery plan for you Mr. prospect. Let me show you this ICA Guide and tell you some wonderful things about AMERICAN Funds!”
cha-ching[/quote]
LOL…I’m sorry but I must have missed it. How, exactly, is American Funds ICA going to help the market recover? Or help the client recover from the ICA losses already on the books?
Good luck with the arbitrations that will follow.
The nice thing about high school girls is that I keep gettin' older, but they stay the same age!!!!
… well, we just moved on from the high school girls.
Why?I’d rather be a Fuller Brush Man than an Edward Jones financial advisor.
“45 Brushes—69 Uses—Head to Foot—Cellar to Attic” - that’s why! Let’s see the Jones Investment Pyramid beat that.
[quote=Philo Kvetch] [quote=JAXSON] The funny thing is that in Eval/Grad they are telling newbies to ask prospects that already have an advisor the following…
"oh, thats great you already have someone handling your financial interests, so what is their market recovery plan for you?"
So all you non-jones guys out there better have a damn good recovery plan or wind and myself will take them right away with one of the outstanding recovery plans jones' FAs can provide.
"Yes we do have a great recovery plan for you Mr. prospect. Let me show you this ICA Guide and tell you some wonderful things about AMERICAN Funds!"
cha-ching[/quote]
LOL...I'm sorry but I must have missed it. How, exactly, is American Funds ICA going to help the market recover? Or help the client recover from the ICA losses already on the books?
Good luck with the arbitrations that will follow.[/quote] Philo, I'm sorry you don't understand this recovery opportunity. I would be glad to stop by your house and go over your portfolio with you. Is Tuesday morning or Thursday evening better for you?
i'm sensing a feel, felt, found moment.
snappin necks and cashin checks? you must've sold cars in a past life.