How is Jones' Technology?

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Apr 28, 2005 3:16 pm

Jones pushing VA’s???   Hmmm, Can’t possibly be, that’s not why there was a broadcast explaining the reasons why someone would want to have them inside their IRA.

Apr 28, 2005 4:11 pm


Have your technology questions been answered?

As far as pushing VA's where is that EJ vixen sapphire who was pushing muni's in an IRA?

Apr 28, 2005 4:48 pm

Sapphire was a man, first of all, that thought it was fun to have a fem alter ego.  Secondly, I believe that individual is out of the biz.

Apr 28, 2005 10:07 pm

I left Jones six months to go independant.  The technolog is week
at Jones in most respects.  I will say that I think JOnes did an
excellent job with handling paperwork and making the administrative
part of the job easier.  Unfortunatley, that is due in large part
to the lack of product choices.  We you only deal with a small
group of vendors its easier.  Try looking at cost basis on your
non preferred mutual funds for instance.

The real area that Jones is lacking in technology is on the financial
planning and asset management side.  You dont know what your

Apr 30, 2005 1:12 am

Indy Boy,

Tell me, what technology is Jones missing that you have at your current firm?

Apr 30, 2005 3:48 pm


Read the first sentence of the final paragraph of the post previous to yours.  Your answer is there.

Apr 30, 2005 4:56 pm

[quote=BigPayDay]Indy Boy,

Tell me, what technology is Jones missing that you have at your current firm?[/quote]

Email capablities not only with client but also with suppliers.  I can't begin to tell you how convenient the ability is to have forms that I may be missing sent to me in an immediate email instead of waiting days.  Getting immediate quotes from insurance providers, hypothetical illustrations, prospectuses and being able to download the latest fact sheets or performance figures at DSL speed instead of the snail paced satellite system at EDJ is a huge bonus.

Access to multiple programs for true and complete financial planning. Monte-Carlo illustrations.  Access to more sources of research and market information. Morningstar. As an independant my own data base for customer contacts and maintenance that I can customize to my own liking.  The ability to build bond ladders from a much much wider range of bonds than were ever offered from EDJ.  There is probably more, but I can't think of it right now.

Down-side it that many of these services as an independant are paid for out of my own pocket.  Up-side is that I can pick and choose what services I want to use.

Apr 30, 2005 10:50 pm

It is probably easier to talk about what technology Jones does have as opposed to the differences at other firms.  Does Jones have real time quotes yet?

Apr 30, 2005 10:54 pm

JONESNEWBIE-  you mentioned getting inquiries on every annuity ticket you run.  I did what I am about to do with you to someone else and sort of embarrassed them, so be careful.  On all of those inquiries you received how many tickets did you or the firm cancel?  My point is maybe those inquiries really don’t do a thing.  It is all about % of revenue and if you want to really compare yourselves with the majors, then you will find out that you all do a healthy amount of annuity business.

May 1, 2005 12:52 am

I finally figured out who truth is…

…drum roll please…

Suzie orman!

Who else bashes annuities so much!

May 1, 2005 2:27 pm

hey "candy" bar,

Why can't you stay on topic ....does your firm have "technology" envy along with your own "other" envy     (a little small in that department are we??? nudge nudge wink wink.... say no more!)

Now I got the correct forum

May 4, 2005 8:17 pm

x ej in 1984

Truth brough up annuties, not I.


P.S. Can’t believe you left Jones in 1984 and still get them out of you mind.

May 5, 2005 8:48 am

candy bar,

As I previously posted over the weekend, no I didn't leave in 84.  The 1984 is in reference to the George Orwell book.

Great that Truth brought up VAs.

Please explain how your firm's technology and communications system is so much better than others. Bearing in mind the snafu from this past November and of course bad weather in St.L or anyplace inbetwen St.L and a branch.

May 6, 2005 11:48 pm


So why don’t you and suzie like VA’s?

May 7, 2005 8:35 am

Suze doesn’t dislike VAs.  She worked a deal with GE Financial a few years ago to come out with a VA that she endorsed.

May 7, 2005 3:57 pm


Does the VA suzie endorse come with an up front cost and lower internal costs or is it the standard B share pricing with a CDSC?


P.S. Havn’t heard from Truth in awhile. Maybe he and Zacko were the same person.

May 7, 2005 5:26 pm

It was the standard boilerplate B share.  I don't know if they even sell it any more.

FYI...Truth and Zacko are two different people.

May 7, 2005 5:34 pm

How do you know this for sure?

Maybe Starka and Soothsayer are one person?

May 12, 2005 10:12 pm

[quote=BigPayDay]Indy Boy,

Tell me, what technology is Jones missing that you have at your current firm?[/quote]

Sorry this is so late in replying.  I’ve been so busy enjoying my new technology I haven’t had time to respond.

They are missing:

1.  Morningstar Workstation Advisor - a very robust tool for mutual funds, stocks, closed end funds and va.

2.  A REAL financial planning program.  The stuff Jones has is pathetic.  I am a CFP and want to do planning

3.  Advanced trading platform.  I can do 10 trades at once in multiple accounts

4.  I use Forefield Advisor that has a ton of information that I can access quickly on many different topics

5.  Email.  I cant believe how great it is.  You have to have it

6.  My own web site

7.  Scanning documents

8.  Digital tape recorder I can link to my computer and save wav files

9.  High Speed Internet

Theres probably more.  Its ok to stay at Jones but dont stay for the technology.

May 13, 2005 2:29 pm

Not to mention:

10. Only being allowed to sell out of an inventory

11. Being able to buy and run prospecting lists

12. Portability of laptops, if you so choose

13. Access just about any research firm on the street