Change statements to in depth so you can have the cost basis.

Print out the green screens with everyones account info to include all important data.  Do it slowly over a period of time as to not alert the printing police, because they do monitor what is printed.  If you have time, try to transfer clients to be held at the mutual fund company.  "It's cheaper to have a $10 IRA at American Funds than to pay Edward Jones $40 or $45."  This will enable a simple change of broker dealer form instead of an ACAT.

Realize that you won't be missed.  They could really care less unless a big hitter leaves.  I saw my ex-RL last week who once told me, "If you leave Jones, don't stay in my town." and he still glares at me to this day, one year later, and yes I still do business in his town.

If you go and stay in the business, go with a purpose and take everything you can take.  If you were a new/new, those accounts are ones you developed and they'll probably go with you, but some will say they like the way Edward Jones manages money even though Jones has nothing to do with the management part of it.

Good luck!!

Depends on where you’re going.

If you’re going indy then get a good attorney who knows our industry.

If you’re going with a big firm then be sure that you’ve discussed transition with your new branch manager and appropriate expectations have been set.  You should also discuss indemnification in case EJ goes after you for training costs.

Be professional and courteous when you leave.  Don’t brag about the deal you got or the new program you’re joining.  Don’t talk too much about your future plans.  Most of this will be done by letter and/or eMail anyway so it will be easier to keep your mouth shut.

[quote=exhausted]i am considering leaving jones after 26 months of employment (about 19 months of production). I need to hear from some folks who have left in recent years. What do I need to be prepared for legally? did anyone have to pay fines (for training or non-compete)? I've got a few options as far as other jobs--some using my license and some not--will that make a difference as far as paying back training costs? Any advice is appreciated.[/quote]

You only have to pay if you stay in the industry (and use your license).  But it sounds like your numbers just aren't there if you are considering things outside the industry as well.  If you are not making your numbers at Jones, you should re-consider if this business is for you (not that you asked!).

Terrible advice. Don’t print anything! copy it all manually to a lap top after hours. The info on the green screens is their property and their paper. their ink, and they can prove you printed it off!

S S,

You're right.  Much better advice. Thanks for the correction!

Move everyone worth moving to the statement with cost basis. Otherwise you will be dealing with trying to obtain the info from Jones and its a headache. It can be done but it takes some time.

Almost out a year and still don't have all of it.

[quote=STL Sucks]Terrible advice. Don't print anything! copy it all manually to a lap top after hours. The info on the green screens is their property and their paper. their ink, and they can prove you printed it off![/quote]

Take your new account form book to Kinko's and run copies. Do it in a town where there is no new Jones guy doorknocking and going into "local businesses to meet other business owners."

Use Print Screen on anything green screen because they can't track that-it goes straight to the printer and not through the Deathstar 2000 satellite system.

Statements on in-depth is invaluable, but only change your taxable accounts-less chance of showing up on the radar.

Make your advisor copy of annuity statements and direct mutual funds file disappear-to your trunk.

Make detailed notes on systematic bank transfers clients are doing on your laptop so all you need to get from them is the bank account number and you don't need to ask them how much/month, etc.

If you do each of these things properly you will be in great shape.

I don't know if the guy that started this thread is going to need this info, but hopefully someone will.

Whatever you do, do not send an ACAT drop with all the client information on the forms.  That will get you a TRO slapped on you faster than anything else.  

Instead send them a letter announcing your new office and position.  The ones that respond are the ones you can send the ACAT letter to to transfer their accounts. FWIW

IndyEDJ 

now this is a great post.  I love the disappearing act to the trunk.

who are they trying to kid?  The FAs they recruit bring all of this stuff with them to EDJ.  It is all just a game.