How many brokers does EDJ have?
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I heard 5 years ago they were headed for 25 thousand. Are they anyway near that?
Once John Sloop took his retirement package the firm couldn’t grow anymore. They have around 200 newbies coming in every month. They have around 200 attrition every month. I also think they have 20-30 Segment 3,4,5’s leaving every month. That points to negative growth. With Price Woodward now in charge of Growth I think that those numbers might improve. I also think that if they can solidify this LP offering and not just dangle the carrot, they may see the producing brokers not leave like they are now.
[quote=jonesescapee]I heard 5 years ago they were headed for 25 thousand. Are they anyway near that?[/quote]
Heading for 25 thousand or 25 hundred????????
They're at around 9,000 or so.
25,000? That's exactly what we need dotting the landscape. They should just go into business with Subway and open joint offices in strip malls with a doorway in between. That way, you can buy your footlong meatball sub and walk through the doorway to buy another share in American Funds. Of course, that would mean going public, and that would be horrible.
Broker recruit - LMAO - you recruiters are the biggest joke. Tell me how bad EDJ is and how bad our brokers are. Then call me tomorrow and ask me to go work for someone else. Would you tell the rest of your ambulance chasing buddies to stop calling me? For the last time, I’m not interested. And don’t claim to be without alterior motives posting on this sight. I read a few minutes ago in another post you wanting a broker looking to make a jump to PM you. You have no credibility. LMAO
Hulk, BR doesn't necessarily think you're all bad, I know for a fact that LPL brings over a lot of EDJ brokers because in the words of my recruiter, "they know how to prospect". OTOH, I also know for a fact that my recruiter turned down one of my local competitors who called him...and the guy's been with Jones for 10+...he just wasn't a good fit for LPL, apparently.
...and it's "ulterior". If you want to use big words, learn to spell them.
If that’s the biggest mistake I ever make, I’ll be just fine. BTW, have you read any of the other posts? I think I may have the record for the fewest grammatical errors with only 1. Thanks for the spelling lesson.
Indy--personally, I thought the Hulkenator's use of the word "sight" above in "...posting on this sight" was funnier that not knowing how to use the bigger word. I believe this is a website, or "site" for short, not a websight. I guess that's at least TWO dumb errors in one sentence, but hoos counting, write?
Hulk--the recruiters that are hounding you are not likely doing it because they think you're such a superstar; they just have to make a bunch of calls to get one hit--sound familiar, genius? You telling BR to tell his "buddies" to stop calling you is like a prospect telling you to have all your "broker buddies" stop calling him or her. In other words, it's really dumb (FYI BTW LMAO for emphasis, since you think those cute acronyms are so handy).
Here's the deal, Hulk - I actually know OldDog personally. Great guy, known him for a while. PM him and ask him. No ambulance-chasing here (that's why I didn't feel the need to post my contact info, thank you). If someone wants to talk to me, great, they can PM me. I have never solicited another rep on here schlepping a firm I work with telling them how great it is and how poor theirs is - not how I work. I'm consultative. I pull people out of process with my own client instead of trying to convince them it's the best place ever and turning a quick buck. Again, not how I work.
I will admit that I have had many PM conversations, but they are simply consultative when asked questions or for my opinion, thoughts or advice. That's all.
Secondly, I don't call EDJ reps anymore. I haven't called one in nearly a year and, the only ones I call now, are the ones that I know well. I've found that there is no point in trying to tell a story to someone that doesn't have an open mind (again, a generalized thought). The idea of being open-minded enough to listen to other opportunities escapes most of those working for the GPs.
And thank you, Indy. My point all along is that not all EDJ reps are ignorant, or incompetent. I simply think that the structure is flawed. That's all, and those who believe it is the most perfect system out there without knowing the facts are senseless. The thing in this business that people have to have is an open mind and know the facts. If you're happy at Jones, F*&% an A - that's awesome. I will never disrespect someone for that. I will however, continue to never have respect for someone who personally attacks others, with absolutely no basis.
So again, check the facts, you American Funds schlepping tool of the GP propagandized machine, and you'll understand a little bit more about where I'm coming from and how I operate.
[quote=BrokerRecruit]
So again, check the facts, you American Funds schlepping tool of the GP propagandized machine, and you'll understand a little bit more about where I'm coming from and how I operate.
[/quote]
That's the funniest thing I've read on here in a long time.
"Indy--personally, I thought the Hulkenator's use of the word "sight" above in "...posting on this sight" was funnier that not knowing how to use the bigger word. I believe this is a website, or "site" for short, not a websight. I guess that's at least TWO dumb errors in one sentence, but hoos counting, write?"
Oops and shame on me, Cowboy...I missed that one. I guess after seeing "sight" (among others) used by many miscreants on this 4-em(), I'm a bit de-sensitized about some of the poor grammer and spelling I see here. Occasionally, I get my fill, particularly when used in a misguided post, and spout off like I do. I try to be extra careful with my typing when I'm responding, though...nothing like poor grammar and spelling to ruin the message...
"And thank you, Indy. My point all along is that not all EDJ reps are ignorant, or incompetent. I simply think that the structure is flawed."
You're welcome and I happen to agree. I have a lot of respect for one of my local EDJ competitors, although even he is a bit blinded by the Kool-Aid. He actually told me that if he ever left Jones, it would most likely be because he'd left the industry altogether. At four years in, I think it's just a bit early to make such a blanket statement, but I still think he's a pretty good and ethical rep. On structure, I think it's been made abundantly clear on this "sight" (that's for you, Cowboy) that EDJ has limited product, outdated technology, and management that is constantly brainwashing the troops (like my friend above). No doubt, management is also "all about the benjamins."
Someone who has one of those Doug Hill portraits should put it on ebay. If we could bid it up high enough, Jones might include the value of picture in next years compensation survey.
BrokerRecruit and everyone else,
Why are all picking on me now? It's not fair.
I went out a got a Subway sandwich for dinner. MEATBALLS at that. There is nothing wrong with a Subway, drycleaner, Chinese restaurant or any other small business owner next to a brokerage firm. Where do you think I get my clients? Alot easier than colding. You guys make me sick.
[quote=Incredible Hulk]Broker recruit - LMAO - you recruiters are the biggest joke. Tell me how bad EDJ is and how bad our brokers are. Then call me tomorrow and ask me to go work for someone else. Would you tell the rest of your ambulance chasing buddies to stop calling me? For the last time, I'm not interested. And don't claim to be without alterior motives posting on this sight. I read a few minutes ago in another post you wanting a broker looking to make a jump to PM you. You have no credibility. LMAO
[/quote]
Wow.... you're making fun of a guy who is in a sales role and working hard to drum up some business so he can support his family. How ironic.
Jones brokers only help the Gen. Partners and their american funds wholesalers. They're most easily compared to used car salesmen.
[quote=Incredble Hulk]
I went out a got a Subway sandwich for dinner. MEATBALLS at that. There is nothing wrong with a Subway, drycleaner, Chinese restaurant or any other small business owner next to a brokerage firm. Where do you think I get my clients? Alot easier than colding. You guys make me sick.
[/quote]
You can have all those $10,000 accounts while us real advisors develop relationships with affluent investors. We don't need to be in high traffic areas to build our business.... we're just a little more classy. But Jones does have a niche.