Life after Jones?

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Jul 16, 2009 6:49 pm

Spiff, Why buy a LP bond when the Indy world offers Equity?

Jul 16, 2009 7:13 pm
Spaceman Spiff:

[quote=voltmoie] [quote=Squash1] [quote=Bear] At least Edward Jones is still here, profitable and growing.  Many other firms don’t exist any longer.  Perhaps we should all be greatful for our jobs![/quote]

You should calm down the statements, since last i heard there is no bonus again(there is your lack of profitability).

I think one of the reasons for best places to work, is all the back office people who have it made(isn’t there some guy in IT, who has tons of GP) much easier to get a partnership working in the home office, then in the field.

Left quite some time ago to focus on fee and different product lines that jones doesn’t offer. Couldn’t be happier.[/quote]

I do think we are now in bonus bracket.

100% agree with your back office comments.  That whole “best place to work” is a joke.

  Is it a joke for the other companies that make the list, or is it just Jones?    You people who think the "back office" people have it made are smoking crack.  For every GP who does have it made, there are 50 people who ultimately report to that GP.  Those people probably average less than $75K a year.  Actually, a $75K a year job at HQ with Jones is pretty good.  I'd guess a good many of the IT people at Jones make that kind of money, but the people who actually do the real work of Jones, besides the FA and BOAs, don't make anywhere near that kind of money.  When I started at Jones many years ago, my first salary was $15,500.  40 hours a week, sitting at a desk pushing papers and crunching numbers.  I worked with a woman who had been with Jones for 30+ years and she made mid $20's.  That's not "having it made."    What you left out of the scenario with all the people that "have it made" is that the majority of the GPs have been in our desks, were very successful, and gave it up to go to HQ.  Some of them took pay cuts initially to do so.  Sure, some of them have tons of GP, but they've all put their own money on the line to get it.    volt- you've never worked in HQ.  I have.  There's a reason we get rated in the top 10 places to work year after year.  So, before you start downgrading those folks who make sure you have a bond inventory, that make sure your trades go through the right way, who make sure your butt doesn't end up in arbitration, you might want to consider that you have a VERY limited scope of the very big picture of EDJ.  [/quote]

Spiff,  I think the home office staff is great. That was not the point of my comment.  It's my opinion those "best places to work" survey's measure the folks in St. Louis and not the field.  When we talk about EDJ on this forum we are talking about US not backoffice.  I think it's misleading and therefore a JOKE.

BTW:  60% of everything I sell goes to make sure those folks do their jobs - they don't work without me, should I be that impressed they are doing their jobs?


Jul 16, 2009 7:19 pm

[quote=voltmoie]



Spiff, I think the home office staff is great. That was not the point of my comment. It’s my opinion those “best places to work” survey’s measure the folks in St. Louis and not the field. When we talk about EDJ on this forum we are talking about US not backoffice. I think it’s misleading and therefore a JOKE.BTW: 60% of everything I sell goes to make sure those folks do their jobs - they don’t work without me, should I be that impressed they are doing their jobs? [/quote]



I like my job and I’m in the field. hmmmm…



The “they don’t work without me” comment is great. A little c***y 2 months out are we? What’s your gross, $100? Jones is the big green machine and they’ll move right along with or without you. Preferably without you, since only gay people do yoga.



Oh by the way volt, I love the posts on the other forum. You know, the one where your “coaching” everyone on how to get a job at EDJ, and you hadn’t even been hired yet. Oh heres an amazing quote from none other than Volt -



" I’m leaning to EJ, if an offer comes in. Their support / training is world class, the base is fair as well as the commission."



For someone who bashes on Jones quite a bit, it’s awful weird that you work here and drink the kool aid too!

Jul 16, 2009 7:27 pm

[quote=MJ] [quote=voltmoie]



Spiff,  I think the home office staff is great. That was not the point of my comment.  It’s my opinion those “best places to work” survey’s measure the folks in St. Louis and not the field.  When we talk about EDJ on this forum we are talking about US not backoffice.  I think it’s misleading and therefore a JOKE.BTW:  60% of everything I sell goes to make sure those folks do their jobs - they don’t work without me, should I be that impressed they are doing their jobs? [/quote]



I like my job and I’m in the field. hmmmm…



The “they don’t work without me” comment is great. A little c***y 2 months out are we? What’s your gross, $100? Jones is the big green machine and they’ll move right along with or without you. Preferably without you, since only gay people do yoga.[/quote]

Me being the FA, not me specifically. I see your reading comprehension has not improved Windy.

Actually, only $95.00 - I just can’t seem to find people with 500k CDs and 200k rollovers.  Any suggestions?

Jul 16, 2009 7:31 pm

Actually Volt…i’m in the field and have done a “Best Places to Work” survey!  I’m pretty sure the majority of those come from the field…but Windy’s still a douche

Jul 16, 2009 7:31 pm

Maybe you should learn how to find them.

Jul 16, 2009 7:34 pm

Windy, stop changing your posts every 30 seconds when you think you’ve figured out something witty to add. 

No doubt I was excited about my choice in firms, it took me around 8 weeks selling to realize it was not everything I thought it was.  Keep stalking though, it’s cute. Your girlfriend JAXSON always did the same thing and I was creeped out by it.

Jul 16, 2009 7:36 pm

[quote=Hey Kool-Aid]Actually Volt…i’m in the field and have done a “Best Places to Work” survey!  I’m pretty sure the majority of those come from the field…but Windy’s still a douche [/quote]

Was it for registered rep or Fortune magazine?  The way I read fortune was it related to St. Louis - could be wrong of course.  Like I said, just my opinion, so thanks for correcting my misjudgement.

As for Windy … he does have alot of time on his hands stalking me. 

Jul 16, 2009 7:37 pm
voltmoie:

[quote=Hey Kool-Aid]Actually Volt…i’m in the field and have done a “Best Places to Work” survey!  I’m pretty sure the majority of those come from the field…but Windy’s still a douche [/quote]

Was it for registered rep or Fortune magazine?  The way I read fortune was it related to St. Louis - could be wrong of course.  Like I said, just my opinion.

As for Windy … he does have alot of time on his hands stalking me. 

  Fortune
Jul 16, 2009 7:40 pm
Hey Kool-Aid:

[quote=voltmoie] [quote=Hey Kool-Aid]Actually Volt…i’m in the field and have done a “Best Places to Work” survey!  I’m pretty sure the majority of those come from the field…but Windy’s still a douche [/quote]

Was it for registered rep or Fortune magazine?  The way I read fortune was it related to St. Louis - could be wrong of course.  Like I said, just my opinion.

As for Windy … he does have alot of time on his hands stalking me. 

  Fortune[/quote]

I stand corrected, thanks! How did you get sent it? Did your RL send it to you? Everyone?
Jul 16, 2009 7:42 pm
voltmoie:

[quote=Hey Kool-Aid][quote=voltmoie] [quote=Hey Kool-Aid]Actually Volt…i’m in the field and have done a “Best Places to Work” survey!  I’m pretty sure the majority of those come from the field…but Windy’s still a douche [/quote]

Was it for registered rep or Fortune magazine?  The way I read fortune was it related to St. Louis - could be wrong of course.  Like I said, just my opinion.

As for Windy … he does have alot of time on his hands stalking me. 

  Fortune[/quote]

I stand corrected, thanks! How did you get sent it? Did your RL send it to you? Everyone?[/quote]   LOL...I must be honest....the RL did send it to us...but I filled it out quite honestly!    
Jul 17, 2009 12:44 am

I started at EJ, and I am forever grateful for the training, support, mentorship, etc.  If I had to start from scratch all over again, it would be at EJ.  BUT…They were complete d1cks to me when I left, and I’ll never forget that.  In their eyes, I was family when I was employed there, and I was less-than-human after leaving.

  At my new firm, I brought 70% of my book with me (didn't want to bring everyone, but certainly left a few that I wanted).  I converted my entire book to fee-based and now have an annuitized income that is 50% higher than when I left.  My assets have almost doubled, and I'm only taking new clients >$500K.  And all of this happened in a pretty crappy market at a firm constantly in the news.   Nothing has come easy, which is no different than being at EJ, but I'm glad I made the move.   LA
Jul 17, 2009 6:37 am

I’ve heard this several times … sort of echoed in the things chief counsel and CEO have stated and their policies.



It seems - not entirely sure on this - that Edward Jones is alone with this attitude. Anyone else have a negative experience leaving their former?

Jul 17, 2009 8:00 am

[quote=LockEDJ] I’ve heard this several times … sort of echoed in the things chief counsel and CEO have stated and their policies.



It seems - not entirely sure on this - that Edward Jones is alone with this attitude. Anyone else have a negative experience leaving their former?[/quote]



Yes, plenty of people have. The difference w/EJ is the part about acting like you and your family are wonderful members of the Compound beforehand.



I guess if you have bought into the “We Are The Best and We Are A Family” mentality it is hard to understand when someone else thinks the company is just a place to help you earn a living–and therefore doesn’t need an extra family to go on trips with, etc. On the flip side, if a “family member” isn’t producing enough revenue for the “parents,” they are asked to leave the “family” every time.

Jul 17, 2009 8:08 am
LockEDJ:

I’ve heard this several times … sort of echoed in the things chief counsel and CEO have stated and their policies.

It seems - not entirely sure on this - that Edward Jones is alone with this attitude. Anyone else have a negative experience leaving their former?

  I could see most firms being like this, but I know that Ameriprise is not fond at all of anyone leaving the compound.  They drill the whole "One big happy family" thing into our heads too starting out.  I remember being 6-12 months in and getting the e-mail from corporate letting me know that I was assigned a new client and at the bottom it would say:   "CALL THIS CLIENT IMMEDIATELY WITHIN THE NEXT 24 HOURS.  CLIENTS' FORMER ADVISOR IS NOW WITH A COMPETITOR."  Or something in that exact context.