From all of my friends still there, they still suck. Nobody was doing any business with them, they still have the Jones money market account.

Did they miss a revenue sharing payment?  Did "Mr. Kaufmann" make a political contribution to the DNC?  WTF?  C'mon, Jonesies, this is a pretty big event.  No one has been dropped from the preferred vendor list in years.  And, in the handicapping of who was likely to be dropped, Putnam was the obvious leader.

What in the hell happened here? I'm not bashing, just curious.  Do any of you have insight?  Or, or your silence indicative of the silence from the mothership?  

Well, I’m still new, but I didn’t have a clue about it until it was made

public. The official reason was a lack of a complete offering of different

funds or something like that.

[quote=Jones06]Well, I'm still new, but I didn't have a clue about it until it was made
public. The official reason was a lack of a complete offering of different
funds or something like that.[/quote]

And remember, you are an "Investment Respresentative", and therefore it is not your postition to question such bold moves.  Explain to me what you tell someone who bought the Kaufmann fund last week. 

Well, I’ve never sold anything from Federated yet, (except our money

market) so I’m not terribly worried, or even paying much attention to the

whole situation for that matter.

Does this mean Jonesers can sell off all of their Federated position and reinvest to American Funds now since it will be non-preferred to preferred? BME here we come!

CIB for everyone!!!

[quote=Indyone]CIB for everyone!!![/quote]

Why wouldn't you want to put money into a fund that never goes down???

[quote=CIBforeveryone]

[quote=Indyone]CIB for everyone!!![/quote]

Why wouldn't you want to put money into a fund that never goes down???

[/quote]

As I understand it there is something known as the risk/reward ratio.

It teaches that when there is no risk there is no reward.

That of course would be from the investors point of view.  From the whore who sells it's point of view it's the greatest idea since sliced bread.

[quote=NASD Newbie]

As I understand it there is something known as the risk/reward ratio.

It teaches that when there is no risk there is no reward.

That of course would be from the investors point of view.  From the whore who sells it's point of view it's the greatest idea since sliced bread.

[/quote]

yet another pearl of wisdom from who knows it all and we must all listen ..... perhasp he should be renamed NASD bin Laden (he probably has all of Whitney Houston's records/cds too)

[quote=xej1984]

yet another pearl of wisdom from who knows it all and we must all listen ..... perhasp he should be renamed NASD bin Laden (he probably has all of Whitney Houston's records/cds too)

[/quote]

What I said was that when you reduce the risk to zero you're going to have to reduce the reward to close to zero--the insurance industry has not repealed the risk reward ratio.

Apparently you disagree.  Why not explain to the group why I am wrong?

My shoulders are broad, I can bear the weight of being told that I am wrong.  Take your best shot.

Apparently you disagree.  Why not explain to the group why I am wrong. 

Newbie you are never and I mean never wrong. Everybody else is wrong.

[quote=NASD Newbie][quote=xej1984]

yet another pearl of wisdom from who knows it all and we must all listen ..... perhasp he should be renamed NASD bin Laden (he probably has all of Whitney Houston's records/cds too)

[/quote]

What I said was that when you reduce the risk to zero you're going to have to reduce the reward to close to zero--the insurance industry has not repealed the risk reward ratio.

Apparently you disagree.  Why not explain to the group why I am wrong?

My shoulders are broad, I can bear the weight of being told that I am wrong.  Take your best shot.

[/quote]

Your post provides absolutely no additional value to the original post regarding the relationship between ej and Federated.

Your chain is getting yanked and you don't even understand it. How pathetic you really are!

[quote=xej1984][quote=NASD Newbie][quote=xej1984]

yet another pearl of wisdom from who knows it all and we must all listen ..... perhasp he should be renamed NASD bin Laden (he probably has all of Whitney Houston's records/cds too)

[/quote]

What I said was that when you reduce the risk to zero you're going to have to reduce the reward to close to zero--the insurance industry has not repealed the risk reward ratio.

Apparently you disagree.  Why not explain to the group why I am wrong?

My shoulders are broad, I can bear the weight of being told that I am wrong.  Take your best shot.

[/quote]

Your post provides absolutely no additional value to the original post regarding the relationship between ej and Federated.

Your chain is getting yanked and you don't even understand it. How pathetic you really are!

Regarding EJ and Federated.

John Bachman was a two term president of the Securities Industry Association.  In that role he worked closely with a guy named Adrian Banky who was the Executive Vice President of SIA.

When Mr. Banky retired he became a consultant for Fidelity with the  responsibility of keeping their major clients happy.

It is very possible that there was a longer term contract entered into from the Bachman era that just recently expired.

I keep telling you boys and girls that there is a lot more to this business than being a retail broker.

[quote=NASD Newbie]

Regarding EJ and Federated.

John Bachman was a two term president of the Securities Industry Association.  In that role he worked closely with a guy named Adrian Banky who was the Executive Vice President of SIA.

When Mr. Banky retired he became a consultant for Fidelity with the  responsibility of keeping their major clients happy.

It is very possible that there was a longer term contract entered into from the Bachman era that just recently expired.

I keep telling you boys and girls that there is a lot more to this business than being a retail broker.

[quote=joedabrkr] [quote=NASD Newbie]

Regarding EJ and Federated.

John Bachman was a two term president of the Securities Industry Association.  In that role he worked closely with a guy named Adrian Banky who was the Executive Vice President of SIA.

When Mr. Banky retired he became a consultant for Fidelity with the  responsibility of keeping their major clients happy.

It is very possible that there was a longer term contract entered into from the Bachman era that just recently expired.

I keep telling you boys and girls that there is a lot more to this business than being a retail broker.

[/quote]

Ok-so help us out here.  What exactly does this Mr. Spanky working for Fidelity have to do with the relationship between EdJones and FEDERATED?
[/quote]

My bad, he was/is a consultant for Federated.

[quote=NASD Newbie][quote=joedabrkr] [quote=NASD Newbie]

Regarding EJ and Federated.

John Bachman was a two term president of the Securities Industry Association.  In that role he worked closely with a guy named Adrian Banky who was the Executive Vice President of SIA.

When Mr. Banky retired he became a consultant for Fidelity with the  responsibility of keeping their major clients happy.

It is very possible that there was a longer term contract entered into from the Bachman era that just recently expired.

I keep telling you boys and girls that there is a lot more to this business than being a retail broker.

[/quote]

Ok-so help us out here.  What exactly does this Mr. Spanky working for Fidelity have to do with the relationship between EdJones and FEDERATED?
[/quote]

My bad, he was/is a consultant for Federated.

Edward Jones, at one time, owned a large minority stake in Federated.  When Federated went public, EDJ sold off a sizeable portion of the holding.  That, I believe, was the first loosening of the mooring lines between Jones and Federated.  There was little to gain by pushing Federated funds any longer.