Wait, you paid Jones to let you out of your contract, even though you thought they breached the contract by not giving you an office in a timely manner, even though you met your numbers?  Shouldn't you have been the one demanding money?  And, only 8 accounts to get a branch office?  That's it? 

So, they probably spent $100,000 training you, and you are saying they then didn't follow through and get you and office?  What is the point?  Are you saying they are simply a f*cked company that does not operate in a rational manner?

Fellas,

 I have been reading this forum for well over a year now.  I do it for pure entertainment.  Some of the s**t that is posted on here simply kills me.  My computer has been down for a little while and I finally got it up and running again, guess where the first place I went was??  You got it!!  Here, just to hear you all cry.  Now don't get me wrong, this is my first post, so I don't want to offend anyone, especially you SEASONED vets, but most of this blows my mind.   Occasionally, well I shouldn't say that, OFTEN there are some very good points made.  (I want to request this first and foremost:  Don't judge my ability as an advisor by my spelling, seriously, most 3rd graders spell better than myself, and if I get any wisecracks about it I will referrence this first post.)

Porsche buddy,  what happended to you man.  Seriously, 18 months???  Not calling you a liar or anything, but you mentioned you opened 8 accounts your first week, or should I say MCI accounts "Friends and Family".  Just curious, what did you do for the next 17 months and 3 weeks, obviously you didn't stay on that pace, but I am sure you did ok.  If I was in your shoes I would have thrown in the towl also, but if you were doing as well as you claim, it would have been in EJ's interest to get you an office ASAP, but only you would know that.

As for Zacho and Hoosier, seriously, I didn't know it was firm policy to call the clients and break confidentiality by informing them of the details on you leaving the firm, but then again how would I know that??  I only had that job for 2 years, also I worked w/ 15 other Reps that did the same thing, nor did I ever over a 2 year period hear them inform clients of the details of losing their IR.  Believe what you may want to (I realize depending on the rep calling YOUR clients that it could have been done) but for the 2 of you to cry that EJ is calling your clients ripping you is absurd, could have happened, but highly unlikely, at least in the manner in which describe. 

Gotta run, but keep in mind, I am as much anti Jones as pro.  My anti's will come at another time.  One quick one:  Yes, most IR's @ Jones are very elementary:  Don't dare anyone request they deviate from the mountain chart, or 30 year tax free's net 3.  Everything oustide of that I had to learn on my own, no HQ support there.

Happy crying to everyone.

  Now a third party firm will be calling jones customers that have bought mutual funds and make sure they recieved the revenue disclosure statement. GPs just keep collecting and making the ir look like idiots!!! EXcuse me customer do you realize My firm makes more $$$$$ when you buy these 8 GREAT FUNDS? 

There are ways to present leaving to clients depending on where you are and what type of agreement you are in.  The statements made will usually use the word "if" about eleventy kabillion times and not state any particular firm that you are moving to.

As for Zacho and Hoosier, seriously, I didn't know it was firm policy to call the clients and break confidentiality by informing them of the details on you leaving the firm, but then again how would I know that??  I only had that job for 2 years, also I worked w/ 15 other Reps that did the same thing, nor did I ever over a 2 year period hear them inform clients of the details of losing their IR.  Believe what you may want to (I realize depending on the rep calling YOUR clients that it could have been done) but for the 2 of you to cry that EJ is calling your clients ripping you is absurd, could have happened, but highly unlikely, at least in the manner in which describe.

Believe it or not....who cares what you think. 

There are subtle ways to insinuate bad things about the leaving rep without actually stating where he/she has gone or why.  I had the same experience and I know it is true, because my clients who came with me told me what the Transitional guy from St Louis was inferring.   As I stated before, my chair wasn't even cooled off before they had a guy calling and trying to get the clients to make changes in their portfolios and pressuring them to move their money from the bank etc etc.    When they asked "Who the hell are you?"  He gave them vague answers which made it sound like I had absconded illegally and gave the impression that I was in some sort of legal trouble.  As BrokerRecruit says there are ways to let you client know that there may be a move in the future so they knew that it wasn't true.

The replacement IR basically inferred to those clients who remained that I was let go because I was incompetent and had done bad things to their portfolios.....so then proceeded to churn the accounts.   Like Indyone....I took about 80%  of the clients that I really wanted....but it still pissed me off that the new IR, who didn't know his butt from a hole in the ground was spreading lies about me.  Unlike the phone calls from St Louis which used subtlety, the idiot in my old office was flat out telling lies....who could hear him? 

Just because it is against firm policy doesn't mean that it isn't happening.    wink wink nudge nudge.....

gew21,

What on earth are you talking about?  I had one of the best moves to indy on record...(over 90% assets) I'm not "crying"--If anything--it's the opposite.  I was merely agreeing with some of the tactics that Jones has used in the past.  Some are less than honest.  No big deal as I was prepared.

Did you even read the thread?  How clueless can you be?  As far as breaking client confidentiality--I think you meant breaking our employment contracts.  And, to that--I simply will say that I have no idea what you are talking about.

The bottom line is this - would you rather have your FA who has probably done everything in his/her power to serve you properly continue to do so, or would you rather have a complete stranger take over your account.  Your choice.  Deal or no deal.

GEW 21- stands for.... GEE Whiz, I'm 21 and know it all. Spare me your  "I'm gonna be fair and unbiased" smack. If you are still at Jones, you are drinking spiked Kool Aid and don't know what you are talking about. When you LEAVE, the spin starts. It happened to me- and everyone who has posted here. Oh, and when I was at Jones and a broker left- It is amazing how I also saw them as..... good thing they left. Something wasn't right about them.... maybe they are better off going independant where there are fewer.... restrictions , let's say. That'll do it. And when you are under the influence of Jones , you really don't know.. so turn that laptop back into Jones before they catch you using it for personal reasons.

[quote=babbling looney]

The replacement IR basically inferred to those clients who remained that I was let go because I was incompetent and had done bad things to their portfolios.....so then proceeded to churn the accounts.   Like Indyone....I took about 80%  of the clients that I really wanted....but it still pissed me off that the new IR, who didn't know his butt from a hole in the ground was spreading lies about me.  Unlike the phone calls from St Louis which used subtlety, the idiot in my old office was flat out telling lies....who could hear him? 

Just because it is against firm policy doesn't mean that it isn't happening.    wink wink nudge nudge.....

[/quote]

Absolute truth!!!

I, too, have seen the inner workings of the Offices In Transition Dept.  As BL said, it's not usually the reps from STL H/O that start the smear campaign, it's the transitional rep that is sent to the office.

Remember, calls from the home office are recorded.  Office calls are not. (maybe or maybe not )  That would be one he** of a slander suit if the calls were made from the home office, recorded, and the IR's attorney were to be able to produce the tapes in court.  (hmmm)

Gew...how long have you been moonlighting as a "Snap-On" salesman?

Just wondering since you seem to know SO much about tools.

[quote=Devoted SA]

Gew...how long have you been moonlighting as a "Snap-On" salesman?

Just wondering since you seem to know SO much about tools.

[/quote]

Ouch!!!              

Gentleman,

   Just wanted to say how much I appreciate the feedback from each and everyone of you.  I didn't expect everyone to be as receptive to my comments as you all were!!  Serioulsy, relax a little.  Babbling Looney obviously can read based on his response; however, Zacko can't read.  Let me bring it down to your level.  I don't know what you are talking about when you say "I had one of the best moves to Indy on record??"  That's great, maybe I can send you a medal or something.  I wasn't saying it was a good or bad move, truthfully I don't care.  As far "Client Confidentiality"??  Go back and read the post big boy.  I am referring to the confidentiality that EJ is not at liberty to inform your clients to the details of why you left.  Talking about you and EJ Zacko, not Client Confidentiality.  So, glad we are on the same page now pal. 

The whole point I was trying to make is that it isn't common practice for HQ or TR's to call your clients and start ripping you and your previous reco's to these clients.  As Babbling Looney mentioned, it does happen, and probably did to him, but to go out on a forum and make a blanket statement on how a company acts towards clients when there rep quits is ridiculous.  Oh, but you dont care what I think, that being said Jacko, I don't expect anymore posts in my direction, right??  Doubt it

Munytalks,

  Great joke about the Laptop.  Guess you decided to get out of the business entirely???  Standup comedian now, good for you Muny.  By the way, has it ever occured to you that what might be a good fit for one, may not be a good fit for the other.  What if I told you I was on the other side, then came to Jones??  Am I sitting here on this forum bashing my previous employer, saying to come over to Jones b/c everything outside of Jones sucks???  The answer is no, I am not doing that.  I believe certain institutions fit certain people better.  I am sure Zacko would say I don't know what I am talking about though.

EXejir,

 Again, didn't say it never happened, just said it's not the norm!!

Devotedsa,

 You sure know a lot about me.  Thanks for the post.

To all,

Sorry about the length of the post; however, I just had to address each and everyone of you for your sweet little remarks!!!!  Talk to you all soon!!

Noob21,

Yes, I'm the slow one here--it's been proven before.

No medal is necessary for the famous move.  I have plenty of fake wood awards from Jones already.  But thanks for offering.  If you want to know more about me and my greatness--just ask.  I'm happy to help those less fortunate.

And by the way, Jones HQ had called my book called in under 2 hours.  The PASS program was in full swing.  As far as those folks...the line went something like this:

"Zacko is no longer with Edward Jones.  He left suddenly, surprising everyone.  But, don't worry 75 year old widow, your money is still safe with us.  Edward Jones has an experienced replacement on the way."

Not a big deal--but they did scare a few folks.  When I called one widow, she broke down crying as she was very confused.  Nice, huh?  My indy office is a mere stone's throw from my old Jones office.  Funny how the TR or the scrub never knew where my new office was located.  There are some very funny stories that played out over that couple of months--but they can't be shared in this forum.

It really didn't matter what they said, nor do I even care at this point.  The scrub who came into my old office said many things he shouldn't have and told all kinds of lies.  He lasted 90 days.  He deserved exactly what he got--another career.

For those of you considering a move--do your homework.  It will pay off.

What if I told you I was on the other side, then came to Jones?? Am I

sitting here on this forum bashing my previous employer, saying to come

over to Jones b/c everything outside of Jones sucks??? The answer is no, I

am not doing that. I believe certain institutions fit certain people better. I

am sure Zacko would say I don’t know what I am talking about though.





If you transferred to Jones from another firm then it is obvious you got

canned for a lack of production.

[quote=The Truth]**What if I told you I was on the other side, then came to Jones?? Am I
sitting here on this forum bashing my previous employer, saying to come
over to Jones b/c everything outside of Jones sucks??? The answer is no, I
am not doing that. I believe certain institutions fit certain people better. I
am sure Zacko would say I don't know what I am talking about though.**


If you transferred to Jones from another firm then it is obvious you got
canned for a lack of production. [/quote]

Truth buddy,

  Just trying to make a point, but to clear it up, that was hardly the case.

Keep Well

The fact is, that I would say at least half of the reps that take over "existing clients" at firms like EDJ and AMP after a rep leaves for another BD are very aggressive and see it as an opportunity to line their pockets.  It happens more than anyone would like to think.

I had a former AMP rep whose old manager called all of his clients saying that he's gone, they don't know where he went, but they'll be better off with someone at the old firm.  That pretty much stopped when the manager was speaking to the guy's mom and she set him straight and tore him a new one.

When the book that you've worked your @$$ off isn't truly yours, as is the case with EDJ and AMP, those that assume the office or whatever, will be on it like flies on $#it.  Plain and simple. 

Gew..For a "dude" who seems to know so much and claims to be on this forum reading each and every detail...You might have missed the fact that Babbling Looney's a ... WOMAN!

I know..I know shocking that a woman might actually be able to do the SAME job as you...only do it better.

And hey..don't be mad because you couldn't make it out in the field with Jones and have now been rescued to the safety of the home office in the Pass Program, or Bridge program, or whatever the pluck they are calling it these days. Have faith, I'm sure an office will open up soon for you and your days at #11 are over!

[quote=zacko]

Noob21,

Yes, I'm the slow one here--it's been proven before.

No medal is necessary for the famous move.  I have plenty of fake wood awards from Jones already.  But thanks for offering.  If you want to know more about me and my greatness--just ask.  I'm happy to help those less fortunate.

And by the way, Jones HQ had called my book called in under 2 hours.  The PASS program was in full swing.  As far as those folks...the line went something like this:

"Zacko is no longer with Edward Jones.  He left suddenly, surprising everyone.  But, don't worry 75 year old widow, your money is still safe with us.  Edward Jones has an experienced replacement on the way."

Not a big deal--but they did scare a few folks.  When I called one widow, she broke down crying as she was very confused.  Nice, huh?  My indy office is a mere stone's throw from my old Jones office.  Funny how the TR or the scrub never knew where my new office was located.  There are some very funny stories that played out over that couple of months--but they can't be shared in this forum.

It really didn't matter what they said, nor do I even care at this point.  The scrub who came into my old office said many things he shouldn't have and told all kinds of lies.  He lasted 90 days.  He deserved exactly what he got--another career.

For those of you considering a move--do your homework.  It will pay off.

I had a former AMP rep whose old manager called all of his clients saying that he's gone, they don't know where he went, but they'll be better off with someone at the old firm.  That pretty much stopped when the manager was speaking to the guy's mom and she set him straight and tore him a new one.

This one is so funny.  When I left, my BOA decided that she didn't want to take the leap off of the cliff with me.  I don't blame her, (although I really do miss her) because I couldn't offer health benefits right away, and due to family circumstances she couldn't be without.

.....Anyway. During the first few hours of madly aggressive calling from St Louis, she was called and given the line..yada yada...left under a cloud....don't worry your money is safe....and oh, by the way you should sell this and buy that and how much do you have at the bank....you should buy this bond.   She said basically..."Do you have any idea who you are talking to?  I am the BOA in this branch."   That stopped him cold.   She was very upset when she told me this because she knew that the clients were being treated in this same way.

Know your customer....Right.  They don't even know their employees.

Gee Whiz Kid- Let's see- you said you WERE on the 'other' side , THEN cam over to Jones. You also said 'some institutions seem to fit better than others'.

Well, you jump in here, make arrogant statements. Assume things incorrectly. Insult people who likely have years of experience on you-and are absolutely certain you are better than everyone else- and you admit to owning a computer that hasn't worked right for over a year but you still keep using it- yep, you are RIGHT- you are at exactly the correct firm now. Good luck making Segment II.