I left EJ 6 weeks ago.
It's been going reasonably well, despite what Jones has been doing; pretty much standing in my way as much as they legally can.
And maybe not so legal, like having a retired BOA come in to the office and call clients, telling them she didnt think they should leave EJ.
Registered letters accusing me of taking files, which I didnt (I have heard this is pretty standard behavior for Jones).
Oh, and the new FA lying to clients about what I will do with their portfolios, what my fees will be, what kind of tax problems I will cause, etc. etc.
What a sh*t heel firm EJ is. Amazing what you learn about your company when you leave. No wonder ex Jones guys hate Jones!
It is truly a relief to be out from under the extremely limited investment options, the built in conflict of interest having "preferred funds" and revenue sharing creates, mediocre research and downright 1990s technology (and thats AFTER the recent upgrade).
So, Jones folks, glad you are happy. Keep nursing at that EJ titty, cause you are going to be getting less and less milk from Mama... Suck Hard, the writing is on the wall.
Wed, 2009-07-22 00:49