Leaving Edward Jones!

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Aug 22, 2011 2:38 pm

I've decided to part ways with Edward Jones and go indy.  For those who have left.  When did you set up your LLC or S-Corp?  I'm leaving mid-oct and don't want to allert my firm in any way. 


Aug 22, 2011 5:11 pm

I set up mine about a month before leaving...

Aug 22, 2011 5:14 pm

Oh, and by the way...congratulations.  YOU WILL LOVE IT!  The worst day as an indy is still better than an average day at the clone factory. 

Aug 23, 2011 8:28 am

Same - about a month before leaving.

And Done, freaking AMEN.

Aug 23, 2011 12:51 pm

Best of Luck...Unless you're a top producer.  Hope it goes well.

Aug 23, 2011 2:41 pm

Thanks guys. Any words of advice as I get ready to make the leap?

Aug 23, 2011 5:39 pm

I set mine up after leaving EDJ because I didn't want to tip my hand. I left in October, waited until mid December and had my attorney file everything to be up and going for Jan 1. Then set up payroll on quickbooks and everything else fell in to place. Good luck, best move ever! I have never been happier in my entire life

Aug 23, 2011 7:51 pm

Make sure you really NEED an LLC, S-corp, etc. right now.  Also, if you can find an experienced assistant with knowlege of the new firm's system, use one (even if just for 30 days to get accounts open and ACATs in)...ask local recruiter if there's anyone around that fits that description.

Aug 23, 2011 10:04 pm

I set up my LLC in advance, but couldn't set up the RIA until after I left (and that took about a month).

Aug 25, 2011 11:36 am

I left the last selling week of May this year, had everything ready to set up the next week. The babysitter Jones assigned to look after my clients didn't have a clue about the business and with recent events that only made it easier to transfer every one of my top clients. My old office still doesn't have a FA after three months.  It is so amazing to breathe fresh air for the first time since my first day with Jones.

Aug 26, 2011 9:06 am

@doggie..breath deep, it only gets BETTER.

Aug 29, 2011 9:19 am

I just celebrated my first year of freedom... I knew I was leaving for 4 months but we went on our last trip... B24, I used to read all your pro Jones posts, and wonder if i was doing the right thing... In a year or so Hulk will be on our side. Good Luck it was the best decision ever. Oh yeh my CPA set me up as an S-Corp before I left....