Why I quit Part V

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Mar 30, 2007 11:08 pm

There was an old song… What have you done for me lately? On another topic on this board an Ed “too tall” Jones employee listed 13 reasons how they are improving. They list nothing for the middle aged vet. My health care expenses went up like a rocket. I never was given an account from a failed office. No longevity bonus. No increased payout. No extra advertising. Nothing that says, "hey your doing a great job, we want 100 more just like you, how can we make things better for you. All money is allicated to making it easier for the new, unproven people! A segment four green (sorry, exceeding) gets nothing special. The closest reward for longevity is after ten years the points needed for a trip go down. Who cares? I would qualify in month two to three anyway. Oh, I also got a new uptick pin with another chip in it every five years. (Do you think they want those back?)

I was also offended by the SEC letter sent to every IR saying, if you quit we are going to mail this to every client. I am fine with the content of the letter. I guess what I am saying, IN STEAD OF MAKING IT MORE DIFFICULT FOR ME TO LEAVE, WHY NOT MAKE IT BETTER FOR ME TO STAY? Instead, you reward is to be in charge of new IR health… for free. What kind of reward is that?BTW the letter did nothing to deter clients from transfering.

I promise you one thing, they would have an easier job of recruiting if all of the current brokers were financially doing better.

Ed “too tall” Jones answer… but we gave you your shot in this business. I was not and am not an unemployable beer truck triver. I am a qualified profession that could have beem hired at any brokerage firm by willing to be on commission and start with nothing.

As far as the posts about me. Everything I do is for a reason. Spelling, ambiguous gender and referances to make help conceal identity.

Interesting enough for the Ed “too tall” Jones employees is a quote from the SEC lawsuit article on this web site. "Today, commissioned brokerage services (trading for a client) are much less lucrative than they were, and providing investment advice for a fee is where it’s at."

PS should I keep posting the reasons? We are now 1/2 done.

Mar 30, 2007 11:42 pm

Keep it up!

Mar 31, 2007 10:45 am

Spelling correctly will reveal who you are?

Mar 31, 2007 11:42 am

Sounds like you no longer liked working for EDJ, so you went to another b/d or out on your own.  Which makes perfect sense to me.  Why do you think anyone else cares?