Starting at Edward Jones
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He’s open and he will make a decision someday…EDJ or not. He’s a babe, but he’s learning. Cut him slack. Most of us can recognize the babies. He’ll get is someday, and he will say EDJ or no way. Not happy that he spouts the crap, but I really think he’s open to learning. Good luck tattoo! B24—sure hoping you will move at the right time–2 years max!..you’re smart. Would love to see you liberated!
[quote=Broker24] [quote=Eyetattoo]
I asked about the confirmations because you didn’t mention where you worked…I know many Bank Firms don’t get instant confirms…And 55% is better than what I get but I also have a fully paid for Assistant, my own office and commissions is only one of the five ways we get paid…so Ill take my 37-39% any day.Back to the preferred 8 EDJ isn’t the only firm that has RS plans in tack and if I find there is a better choice for a client outside of the 8 I put them in it…and out of the preferred 8 American Funds is most arguably the highest used fund by EDJ FAs and also has the lowest RS out of the 8.[/quote]
Tattoo, you scare me. I now understand why everyone acccuses Jones of doling out Koolaide. I have read your various threads, and I ALMOST thought you were Spears in disguise, just trying to be a smart-ass. Then I realized you were serious. I assume you just go back from PDP?[/quote]Your right I am new with EDJ but not brand new to the industry…I spent roughly two years in a bank program(US Bank) and have several friends with Wachovia (formally Atlas). I understand you like to have all the different options at your fingertips (which I also have besides options) but when you break down the returns apples to apples there isnt that big of a difference…sure year to year you can make some really good arguments but when you look at 5, 10,20 year returns the returns are very close (if Im wrong please show me the numbers). And bottom line is that Jones is a good fit for me and my family…they have let me choose where put my office (my home town) and I have been included in a Goodknight program, which will help me in the first years to keep my head above water while building my business. On top of all that I have a great network of FAs in my area that will just about drop everything just to help me and my business.
I really do agree with donatello, and I wish you the best of luck. This is a rough business and sometimes I wish when I started someone had given it to me straight. For the record, take it for what its worth: stocks, bonds, cds, mfs, annuitties, ltc, life and term are not all of the options. You don’t know what you don’t know. If these were all the options available to me, I just took a 25% paycut. You are missing out on mortgages, 1031 exchanges, fiduciary trust services, helocs, non-purpose loans, equity lines of credit, futures, options, options on futures, institutional shares, private placements, business leasing, hedge funds, wrap programs, financial planning services and probably more that I cannot think of. What you are reading in these forums is not hate. It is aggravation from EDJ saying what they have is all that is needed and anything else is too risky or expensive for them to ethically show clients. If you go into battle, and that is what you are doing, don’t you want as many bullets as possible? When someone is shopping for a mortgage, they have to disclose where all their money is. There is a broker there that is prospecting your client knowing where all the bodies are buried. I would prefer that person never gets the chance to see my clients assets, my client can come to me for ANYTHING they need. This business is less about returns and more about service. You can have the same returns, but the more unique services that your client buys from you, the deeper the relationship. Again take it for what its worth, and good luck.
If a past employee of Edward Jones would like to get a hold of someone in the PASS Program in Tempe, AZ in hopes to join the PASS Program, what would be the best route to take and who should they contact?
Contact Paul Gorgus in St. Louis, he is over the pass program. His assistant is christy davis she does the interviews.
previous post is correct with all the segments and “hoops” you must jump through…I started their and then moved on the AGE…
I think it's a great place to start....just do what they tell you and you'll be fine. Know that if your on the coasts you're probably not going to be able to compete for the big money accounts, but you can still make a great living...go on nice trips and have lots of freedom. Good Luck!!!It’s funny after reading these threads, that were back in April. Now that the economy is doing terrible, i am sure glad to be working at jones. Sure bet most people are wishing they never sold all those “Full Service” investments that Jones doesnt offer lol.! It’s great for me, I don’t have to worry about losing my job and you guys have made it EASY for me out there. All i have to do is nod my head to them complaining of all the crazy investments you Jones haters sell, that we have absolutely nothing to do with. lol…They hate you right now lol…
Funny thing is...so far...the only thing I've had to appologize for is Lehman Bonds transferred from.......................................................yep.......................JONES. As a vet poster...I can say...you're a dumbass!
It’s funny after reading these threads, that were back in April. Now that the economy is doing terrible, i am sure glad to be working at jones. Sure bet most people are wishing they never sold all those “Full Service” investments that Jones doesnt offer lol.! It’s great for me, I don’t have to worry about losing my job and you guys have made it EASY for me out there. All i have to do is nod my head to them complaining of all the crazy investments you Jones haters sell, that we have absolutely nothing to do with. lol…They hate you right now lol…
Put DOWN the Kool Aide, sir. Step AWAY from the Kool Aide, sir.
EASY? Please tell me where it is easy out there. I'll move to your town.
Wind, nobody is immune to this. Who exactly are you aiming your little diatribe at? You know you sound like a little dork?
Funny thing is…so far…the only thing I’ve had to appologize for is Lehman Bonds transferred from…yep…JONES. As a vet poster…I can say…you’re a dumbass!
Didn't realize Jones had cornered the entire market on Lehman bonds.
Stupid, Stupid, Stupid ! (in my best Chris Farley impersonation...)
Actually, I just transferred an account from SB the other day (guy's brokers had previously been at AGE as well). He had, no joke, Lehman Bonds, Ford and GM Bonds, and a few other winners at more than half-off. I aksed him why he had all that stuff, and he said "my guys would just come by with a list of available bonds, and I would just pick the one's with the highest rates."
Oh, that's good financial leadership. No wonder he's with me now....
Wind3574 , Sir you are either a complete idiot or really just at the start of a career in the profession. May I just pass on a wee bit of advise…" Listen , learn and then speak". I can absolutely without any hesitation say that if you make statements like you have your tenure in this industry will be short lived. Not personal , but a bit of advise.
Love the bashing…I said what i said…Meant what i said…Doesn’t mean i am a dumb ass. Means my experience so far is pretty smooth because of the crazy investments of others. I never said the INDUSTRY was easy, but it sure makes it alot easier when everyone i talk to hates their advisor, because they work for another firm that the Media is bashing. Sorry your markets are sucking, but that sure doesn’t have anything to do with my capability. Being new doesn’t either, just means i’m a new face. And i don’t feed into this Kool-Aid BS. It’s called confidence in yourself and you ability. I love it when Vets look at new guys like they “Aren’t capable, or don’t know anything”. Funny. I may not know everything, but neither do you. Anyway, i’m sure you guys will waste your time on another 4 pages to this thread, defending the fact that you know more than me …have fun
Every other firm is all fuxxed up, Jones is hiring people by the boatloads and constructing nice, shiny buildings. Half the non-EJ RR members deleted their accounts after last week. Best of luck to the few of you who are still standing though.
And we wonder why our clients are calling us saying sell everything. We’ve got people who are supposed to know what they are doing making comments like some of these.
Wind, obviously you haven't been around Jones long enough to know about some of our most dubious mistakes. The Bachmann & Hill full page letter in the WSJ right before the revenue sharing debacle was the classic. Don't they tell you about Baldwin United in KYC/EvalGrad anymore? Lehman, CIT Group, GMAC, Ford. All names of bonds that are in my book. How about this one..."If you loved LU at $40, it's a the steal of the century at $20...wait...$10...no...$5..." How about moving AIG to a sell the day after they announced that they were in trouble. There aren't any firms out there that have completely clean records. You just work for the one who sticks to plain Jane investments out there and have come through this relatively clean. Not sparkling, but relatively clean. Not everyone hates their advisor. I promise you for every one person you talk to that hates their advisor you have a client who is doubting your capabilities right now. It's just simply the way people think. So, before you start throwing rocks at glass houses you better start checking for the cracks in your own windows. lolimrich - Jones has always hired boatloads of people. They expand when necessary. Neither of which have anything to do with the current state of affairs. I'll bet those iron workers aren't complaining about the paychecks they're getting from their employers who are putting those buildings up. Call it our further contribution to the betterment of the economy.The difference Wind is that for most that have been around for a bit longer than you and have survivied they have learned the skill of listening and learning. But you are right , you win and I am sure that you are one of the select Advisors that will never make an error and of course will be all knowing. You clients are indeed lucky.
I agree with an earlier post that EJ is going to be one of the safer financial job bets over the next few years. A former colleague started with them a few months ago, and said that the pressures are on par with what you'd expect with this economy.
I *highly* recommend the advice over at http://www.geocities.com/edwardjonesjobstip if you are thinking about applying.
Also, there is no guarantee on how much time it takes from submitting an application to getting an interview. It could be days, but usually at least a few weeks.
Nice.
I'll give another FREE tip. Shoot a PM to me or B24 or Borker, well maybe not Borker, or some of the other guys on this forum and we'll be more than happy to tell you the secrets of meeting people who work for Jones.