Ej # 1?
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I want to leave Jones. It’s been a year. Drank the kool-aid, wrong flavor for me. Anyone elaborate on the legal ramifications for leaving and going independent?
Hope you have around $5000 to pay off Jones' lawyers. You have a non-solicit agreement for about a year (if Jones was smart they'd make it two years - a year isn't long enough).
Dude, just tough it for the next two years. Start planning your exit NOW.
Spiff - Your LP would have been a lot better off if they never hired him in the first place.
If Spiff were a producer over 300K, he would be more upset with the fact that his bonus was used on a rep who couldn’t make it.
Since he is still fighting to make 200K GDC, he only is worried about his bond in drag which he got for working in home office teaching reps like the one who is thinking about leaving how to sell a mutual fund that kicks back to his management. Before he retorts that all firms do it...I thought I would beat him to it....Tough crowd. I don’t want to pay the $$ so I probably will stay until my time comes. My numbers are exceeding exp so it’s not like I’m struggling with that aspect of it.
True, but then she may have been the next Wann Robinson or Troy Nelson. You just never know.Spiff - Your LP would have been a lot better off if they never hired him in the first place.
Never heard of Wann… isn’t Troy’s dad well connected(some law firm or something)…
There is a guy up in washington, who used to be a trainer(professional sports) who is real good too.
[quote=BigCheese]If Spiff were a producer over 300K, he would be more upset with the fact that his bonus was used on a rep who couldn’t make it.
Since he is still fighting to make 200K GDC, he only is worried about his bond in drag which he got for working in home office teaching reps like the one who is thinking about leaving how to sell a mutual fund that kicks back to his management. Before he retorts that all firms do it...I thought I would beat him to it....[/quote] Wow, a personal attack. Nice. I don't ever remember telling anyone about my production. How do you know that you're anywhere close to what my numbers are? The fact that I didn't say "My bonus thanks you"? Those folks who have been around here for a while know that I frequently use that phrase to folks like this one who are talking about leaving. I'll make sure from now on that I say "My LP and my bonus thank you". Happy now? And BTW, my "bond in drag" kicked out 16% last year. 24% the year before that. 23% the year before that. Do you want me to go on? I have to go back to 1988 to get down to only 15%. Bond in drag...idiot.Wann is a big producer down in FL. I think Troy's dad was an insurance guy, so he may be well connected. But, you don't do $3 mil GDC 11 years in just based on dad's connections. I'm not sure who that is in Washington.Never heard of Wann… isn’t Troy’s dad well connected(some law firm or something)…
There is a guy up in washington, who used to be a trainer(professional sports) who is real good too.
Is Wann the guy who has the converted Dr.s office. where he has like 3 BOAs and he only steps in for a minute?
The flaws in the Jones system have been documented ad nausem (spelling?). It is interesting that Jones goes after reps if they leave in the first few years for repayment of training costs, etc…
You would think they would spend the money to help the reps after a year or so (once they had hit Seg 3), rather than spend it to recover training costs when they leave for greaner pastures. Once you hit Seg 3 you can't make enough money to survive long term, and you are left alone to ultimately leave in one way or another. Some takes 3 some 5 years and for me it was almost 9 years and after hit Seg 4 (supposedly making it). Now that I have been indy for almost 3 years, I can say without hesitation that Jones reps that really want to stay in this biz for 20 years have to make the decision to leave that firm. Their model isn't built for producers in bad markets, its built for growth of new reps regardless. If Spiff and B24 realize that once they are 300K producers they are funding the growth and getting nothing for it.I was looking on the directory for GP's from WA. None of their bios mention anything sports trainer related. Sorry. Maybe some of the other guys can fill in that blank. Sorry, I tried.
That was David Lane. He oversees the Goodknight department now. Yes, he had like 5 offices, with clipboards on each door. Steps in, talks to the client, etc. I think he was like a 2mm+ producer. He also had a drive-through drop box for checks where clients could drop checks off. Like it or not, I think he was pretty innovative for a "one man shop". But at that level, the Jones model just falls apart. You can't run your business that way. You need to have additional licensed staff to service smaller clients. However, I think the optimum situation is to jettison off all your smaller cleitns, and just focus on your bigger clients. He did several goodknight plans, and I think most of his office was ultimately split up by the time he left. I'm sure he made a killing doing all those Goodknights. It's pretty lucrative.Is Wann the guy who has the converted Dr.s office. where he has like 3 BOAs and he only steps in for a minute?