The Future of Registered Reps

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primoisanass's picture
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Joined: 2010-10-23

take the Steelers

jets won't do it this time

Green Bay vrs Pitt Super bowl

LockEDJ's picture
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Joined: 2009-07-06

Spaceman Spiff wrote:My clients stay with me for three reasons - first because they're too lazy to go find someone else.  Second, because they like me.  Third, because they like everything else I do for them.  That includes investments (individual stocks, bonds, bond funds, stock funds, etfs, annuities, insurance, LTC, CDs, Advisory and transactional) and the planning.  This was a contributor as to why I left Jones. I believe in adding value; I don't want a client to stay with me because they are lazy. I want a client to stay with me because I deliver value every day, and that value can be shown on a piece of paper. Being their friend, crying when their husband dies - I do that shit too. Do I stay in constant contact? Am I their friend? Am I a schmoozer? Guilty on all accounts. But at Jones you are trained that you - as an individual broker - cannot add value to their returns. Why? Because of course, that would defeat the consumption of Koolaid. You allow the "value" to be added by Edward Jones. Good for you, Spiff. I'd prefer to take that mantel on myself, because "real men" stand up for themselves.  

Spaceman Spiff's picture
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Joined: 2006-08-08

You guys don't have a sense of humor, do you?  Or did you really think I was serious with the lazy client comment?  Obviously you did because there were several comments about it.  I was kidding.  Mostly.  GHGR - wow, what's with the attack?  First, you don't know anything about how I manage money.  Second, you don't know anything about my average account, but you're way off with your $30K guess.  And the thing that's wrong with me is that I'm not a machine.  I enjoy the personal side of this business much more than the financial.  I'm forced to work with the financial issues in my client's lives so that they can continue to do the things they want in their personal lives.  You want to keep dialing the phone for $10K bond orders, knock yourself out.  I'd rather go to a wedding reception, meet rich Uncle Buck, and get an intro to him from my client and have a piece of wedding cake at the same time.  I'll take one Uncle Buck for every 25 of your $10K bond orders.  I don't go where I'm not invited.  My clients don't routinely invite me or my wife to their baby showers or weddings.  So, I'm not showing up with my name tag trying to cut wedding cake or hold their baby at the baby shower.  You can get your panties out of a wad now.  Lock - I completely disagree that Jones teaches us that we cannot add value to our clients lives without the mother ship.  Sure, they give us the tools to use, but that's where it ends.  It's completely up to us to do the rest.  Jones can give me all the tools, recommendations, products, etc they want, but if at the end of the day I don't add value, it's because I'm not using those tools properly.   

BigFirepower's picture
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Joined: 2010-07-09

Lock, in post 52. Guess I cannot read between the lines. Please, tell me what kind of value it is that Jones would not allow you to provide, that you had to leave so you could provide elsewhere? I've always been under the impression that EdJones was an unusually good place over the last several decades for reps AND clients. IMHO, their model, is kind of like the modern indy. Jones problem is, that there pay has not increased with the significant decrease in the cost of doing biz. Essentially, they are reluctant to share the cost savings, efficiencies of modern technology, etc.  

Spaceman Spiff's picture
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Joined: 2006-08-08

Our costs aren't really changed all that much based on newer technologies.  While it is certainly less expensive today to run our network, the nubmer of tools available on that network are almost overwhelming.  It used to be if you knew 10-15 commands to type into our old green screens you could run a very big EDJ office without any issues.  Today you almost have to have your CFP to be able to fully utilize all of the capabilities of our system.  Our biggest expense has always been the single office setup.  The amount of money we spend on leasing 11,300 offices is huge.  Not to mention the BOAs, benefits, and hardware to keep those offices running.  While it may be cheaper to run a T1 based network than the old satellite system, it's not a significant enough cost savings to make a dent in the bottom line.And as the firm grows, so do the costs.  Our number of home office buildings and the people that work in them continue to rise and therefore so do the costs.  We've got big office buildings in STL, Tempe, and Toronto plus some facilities in Anaheim, CA and soon to be in the Orlando area, I believe. 

Barack Owebama's picture
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Joined: 2011-01-02

Sportsfreakbob wrote: I think we will give Pitt a serious serious game on Sunday. Troy is back, but not at 100%Rex is master mind with balls of steel.     you know he does?   he goes back to all out blitziing.  (like last years team did almost every game)you must punch Ben in the mouth.  (you CAN get to him)put wallace on revis island and that really limits his options.if revis can shut wallace down, you might be able to get to him  the problem is your offense cause i think they stuff LT and green.    pitts run defense is so damn good.this thing going underit might be 3-2 in 3 OT'swhat is under?  thats my calli REALLY want the jets to winlove ryan  

SuperMan's picture
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Joined: 2010-09-18

Jets by 3pts

primoisanass's picture
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Joined: 2010-10-23

Remind me not listen to you.........

primoisanass's picture
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Joined: 2010-10-23

primoisanass wrote:take the Steelers

jets won't do it this time

Green Bay vrs Pitt Super bowl

fuking genius

Stig's picture
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Joined: 2010-12-17

 Lock, in post 52. Guess I cannot read between the lines. Please, tell me what kind of value it is that Jones would not allow you to provide, that you had to leave so you could provide elsewhere? I've always been under the impression that EdJones was an unusually good place over the last several decades for reps AND clients. -----------------------------------------------------------------------------------------------------------------------------------------------------------Not Answering for him, but I would never join a firm that won't let you trade options.  

Barack Owebama's picture
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Joined: 2011-01-02

primoisanass wrote:primoisanass wrote:take the Steelers

jets won't do it this time

Green Bay vrs Pitt Super bowl

fuking genius yes you are bad new.  big ben geta nother ring better start putting him in with montana, elway and bradyyep best ALL TIMEdude is Mike-type Money

1cecold's picture
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Joined: 2011-01-22

BigFirepower wrote:We're really big on atmosphere. Furniture, pictures, family photos, books, trains, little knicknacks, the whole thing just tells a big story about what/who we are. Our pictures include mountaineering (biz partners hobby), trains (near the tracks and part of our biz logo), old historical pictures of the town we're in, a few old pictures and paintings of Wall Street, and a variety of Founding Fathers/Declaration of Independence stuff. I think we have about 60 large framed items in our 1100 square feet. tacky......

BigFirepower's picture
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Joined: 2010-07-09

A personalized office, that gets compliments from every person that walks in the door is tacky, but you posting your series 7 score as a tagline isn't? Ok...

lovindaindy's picture
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Joined: 2009-05-07

BFP - It's someone mocking iceco1d, not actually ice himself.  Just a typical troll, which seems to be all we get around here.

BigFirepower's picture
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Joined: 2010-07-09

Oh, I get it, yes, I see that the number of posts... Is it the crazy person from the other site?I also noticed the thread about Ray/CW got strange too, very off color language...

lovindaindy's picture
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Joined: 2009-05-07

No, it's the crazy person from this site I believe who got banned from the other site.Yeah, the Ray/CW thread got strange.  I participated in that a bit.  My apologies.  But when someone says that the stupid post of Superman's should be voted "post of the year", I thought I would point out the ridiculous by being ridiculous.  Somtimes people don't catch on. 

newregrep's picture
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Joined: 2010-03-22

Jesus what's with all the hostility?!Why does anyone care how people run their business? People will run their business as they see fit for them and their clients.  Isn't that a good enough reason?!  

WangChungHero's picture
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Joined: 2011-02-10

1cecold wrote:BigFirepower wrote:We're really big on atmosphere. Furniture, pictures, family photos, books, trains, little knicknacks, the whole thing just tells a big story about what/who we are. Our pictures include mountaineering (biz partners hobby), trains (near the tracks and part of our biz logo), old historical pictures of the town we're in, a few old pictures and paintings of Wall Street, and a variety of Founding Fathers/Declaration of Independence stuff. I think we have about 60 large framed items in our 1100 square feet. tacky...... you sir, are an idiot.

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