Info on Legg Mason

3 replies [Last post]
Coag's picture
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Joined: 2005-05-19

Would appreciate insight from anyone who works for or has worked for Legg Mason, likes, dislikes, etc. Thanks.

Sailor25's picture
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Joined: 2005-04-09

Legg is a nice firm. Not too big, not too small.

BigPayDay's picture
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Joined: 2005-01-10

Coag,

This is a Jones only board. You will only get responses when you ask something about Edward Jones.

BPD

Player's picture
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Joined: 2004-12-08

BigPayDay (BRAINWASHED),
You can't even answer QUESTIONS:
try these:

BigPayDay wrote:

Bench Warmer,

BigPayDay, Here are your answersJones settled because they thought it was in the best interest of our clients and our advisors. It is very difficult to fignt the U.S. Government in court or for that matter in the press. We did not admit or deny any wrong doing. Are you say JONES DID NO WRONG, YES OR NO ! no "WEASEL" words..?Doug Hill took the sword for the firm. I know you won't believe this, but it is the truth. HE negotiated the settlement and as he said "There is no one person bigger than the firm." "BS", HE KEPT IS BUTT OUT OF JAIL...FACT!    You are living in FANTASY LAND, CALL THE ATTORNEY GENERAL IN MISSOURI, ASK DOUG HILL TO TELL HIM, THAT IN WRITING! CHECK OUT THE WSJ, I KNOW YOUR CLIENTS DON'T READ IT, BUT YOU NEED TO, IT'S BEEN REPORTED SEVERAL TIMES, GO READ IT! As far as other firms not doing revenue sharing, take a look at the following:  NOT ALL FIRMS REVENUE SHARE , YES OR NO?  i SAY NO, WHAT YOU SAY?http://www.americanfunds.com/pdf/mfgepb-905_gfab.pdf see page 26. Yes there are SEVERAL indy firms on the list including Ray Jay and LPL. BUT NOT ALL, ARE THERE ?As far as Jones being a laughing stock, I doubt it. Maybe to you Jones Failures, but our greatest critic, our clients, in a survey done in Jan and Feb of this year ranked Edward Jones #1 in customer satisfaction. We don't have to answer to the press or envious, jealous Jones failures like you. We serve our clients. Period.
Actually I was very successful at Jones, a Partner, always made top bonus level, recruited, and trained for the FIRM, I got PO'd because the GP's would not fully disclose what was going on , and kept telling us that the "SEC" CHECKING US(JONES) OUT WAS NOTHING! THAT WAS NOT TRUE, WAS IT?
THE GREED OF THE GP'S FINALLY CAUGHT-UP WITH THEM AND THE FIRM, YES OR NO ?
lthough we do not do Wrap Fees in lieu of commission, we do have a Fee Based Advisory program for HNW who are investing $500k or more. Most folks investing under $500k can invest less expensivly than a Fee Based pogram and usually aren't in a high enough tax bracket where writing off the advisory fees helps their taxes. YOU NEED EDUCATION, AND FACTS IN THIS AREA, CHECK IT OUT...THERE IS A REAL WORLD OUT THERE FOR YOU AND YOUR CLIENTS TO DISCOVER, like full discloser, of FEES & CHARGES, and JONES is not close to the lowest!A few months ago you, Lance Legs, & uwec something or other were saying Jones didn't have enough capital to stay in business. Well guess what? We just had our best trimester in the firm's history. We are in the 40% bonus bracket, almost as high as the heydays of the late '90s. Our limited Partnership, which as averaged 22% since 1990, is at an annualized rate through the first 4 months of over 20%. Over 1/2 of our IRs went on a diversification trip last contest period. Did I mention being the Lexus of the Financial Services industry with our highest Customer Satisfaction rating in JD Powers annual survey? Jones dumped $58million into our profit sharing plan last year. (How much of that goes towards GPs? Zero!) Should I go on?
Get your Facts straight:
1) PLAYER never said such a thing as Jones had a Financial Problem, California could change that?  DO NOT PUT MY NAME WITH THOSE OTHERS
2) JD Power award never asked those clients "How would you feel if Edward Jones got fined for 75 Million Dollars by the SEC, but didn't feel their clients were important enough to tell them about it ? 
What do you think the rating would be then?
3) Your Ir's going on Trips, they pay taxes on, revenue they produced and they live off 38%, so getting back part of the 62% you left on the table is not really too smart is it ?  There is no FREE LUNCH or TRIPS, even at EDWARD JONES?It isn't as bad as you Jones Bashers (i.e. Jones Failures) wish it was.
I LEFT WHAT IS YOUR EXCUSE?  How can you stand your FIRM , not disclosing to your CLIENTS, what has happen...or can you justify anything...like Bill 3 Mil Hill the FRAUD JUMPER? You need to get Jones out of your head. Move on. Life's too short. You may want to seek professional help.
BigPayDay, I have moved on but when I read Hippocrates like you touting how GREAT THE FIRM IS, when the FIRM has failed to be HONEST to their CLIENTS....I FEEL ASHAMED,for Ted & Edward Jones, they would be rolling over in their graves, wouldn't you?
I don't understand how you have put up with out demanding FULL DISCLOSURE for YOU & your clients, or DOESN'T THAT MATTER TO YOU?
ASK YOUR CLIENTS WHAT THEY THINK ABOUT IT, IF YOU HAVE THE GUTS? 
I feel us x-jonsers care more about the integrity of the Firm's past,  than you hanger on's, at least we could look our clients right in the eye and say we have explained everything they should know about our GREAT FIRM, can you really do that now?
Big Pay Day ________________________________________ The Grass is GREENER where you water it! BigPayDay__________________Hi Ho Hi Ho it's off to INDY we go...........

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BigPayDaySenior MemberJoined: Jan. 10 2005Posts: 217

Posted: May 27 2005 at 11:18pm | IP Logged

Bench Warmer, So you do what you do for Ted Jones. How special. Sounds like you have a warm heart. You say you've moved on. Dude get a grip. Jones has you by the neck and they are shaking you till you can't breath.....and then you wake up and ask your boyfriend to spoon you because you're scared. Out.

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PlayerGroupieJoined: Dec. 08 2004Location: United StatesPosts: 64

Posted: May 28 2005 at 10:57am | IP Logged

BigPayDay (Brainwashed),
At least I can answer questions, let's see what your answers are ?
Are you AFRAID of the TRUTH?
There has never been a JONES SUPPORTER on here yet that has answered QUESTIONS, they only fire back insults...is that how they are teaching salemanship at Edward Jones......
SHOW US WHAT YOU ARE MADE OF "PUNK" make my DAY....

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