Sorry it posted twice.

Why Jones? What is a good size office?

What did they offer?

Well, they will show you what they will offer, but generally speaking, the deal is something like this:

In addition to regular commissions,

1) Income Gurantee - 1 month (based on previous production) for every $10mm AUM brought in during months 1-12.  Minimum guarantee is 3 months, maximum is 12 months.  So if you brought in $40mm AUm, you would be guaranteed your previous firm's average T-12 production for 4 months (at 40% payout).

2) First 6 months bonus - $2K for every $1mm in assets gathered in first 6 months (this is 100% payout bonus).

3) Months 7-12 - bonus based on production targets.  Your target for these 6 months is 50% of your prior firm T-12 (in your case your target would be $125K for months 7-12):

85%+ of target = 40% bonus

70-84% = 30%

50-69% = 20%

<50% = 0%

This is a 100% payout bonus.

So, let's say in the first 6 months you brought in 25mm AUM, you would get a 50K bonus.  If you hit 107K production in months 7-12, you would receive a 42K bonus.  That would equate to about 230K in gross production (50K net + 42K net).  This would be in addition to any income gurantee and your regular commissions.  If you are taking over a decent sized office, that would just be gravy.

If you have any questions, PM me.

B24 is almosr right,

1. t12 x 40% divided by 12 is your monthly guarantee

2. number of months you get said guarntee is determined by assetts you HAD @ previuos firm, for every 10 million you get 1 month of a guarantee

3. for every million you bring over in your first 6 months you get a bonus of $2,000.

the rest he has right. You can go to jones careers.com and run your numbers. hope that helps.