Make sure the clients "understand"

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unsunghero's picture
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Edward Jones to present "Making Sense of the Headlines" broadcast
The two Decatur Edward Jones investment representatives will host a free satellite broadcast titled "Making Sense of the Headlines" at 11:30 a.m. and 6:30 p.m. Tuesday, January 10 at a variety of locations.
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Yes, Mr Client.  When you see lawsuit in CA, that really means Mr Lockyears tried to be a Jones rep but failed and now he is jealously taking out his anger on Edward D Jones.
Mr Hill made a personal choice to pay 3 million dollars in fines, and step down as head of our firm.  He felt this was the best way for you and me, your IR, to get back to business as usual.   Now, lets sell that GMAC bond and buy this new mutual fund that will pay better.

Revealer's picture
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The jones customers don't read papers anyway (according to Doug [one more day] Hill). How can they make sense of headlines? Reminds me of an old joke "He's so dumb he couldn't pick stocks if he had TOMORROW'S Wall St. Journal."

unsunghero's picture
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December 28, 2004Associated Press
ST. LOUIS (AP) -- Edward D. Jones & Co. LP's top executiveis stepping down at the end of next year, agreeing to payabout $3 million of a $75 million settlement with theJustice Department over claims tied to the company's mutualfund sales practices.
Douglas Hill's planned exodus as managing general partner-- a title he has held for a year -- was revealed Monday ina filing by the suburban St. Louis-based brokerage with theSecurities and Exchange Commission.
The announcement came nearly a week after Edward Jonesagreed to pay $75 million to settle allegations of improperdisclosure of revenue-sharing payments. In Monday's filing,the company called Hill's roughly $3 million payout ``adisproportionate share.''
The company, which did not specify possible payouts by anyother executives, said it would take a $50 million chargeagainst its fourth-quarter earnings. The other $25 millionwill come from existing legal reserves.
In a letter Monday to Edward Jones employees, 60-year-oldHill said he will remain a partner with the company aftervacating his management position "and contribute aseffectively as I can to the success of the firm.''
Hill said he agreed to "voluntarily retire,'' though thesettlement agreement calls for a "reconstituted'' EdwardJones executive committee. Monday's SEC filing also notedthat two general partners of The Jones Financial Cos. LLP,Darryl Pope and Michael Holmes, will retire Friday. Bothwere members of the executive committee.
"As you can imagine, when I was named to this position Iexpected to hold it until reaching the firm's mandatoryretirement age of 65,'' Hill wrote in Monday's letter. Inretiring, "I agreed to this condition to clear the way fora settlement of these issues so all of us can put thedispute behind us and focus on helping our clients meettheir long-term financial needs.''
You cant make this stuff up any faster than they make it true.

BigPayDay's picture
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Revealer wrote: The jones customers don't read papers anyway (according to Doug [one more day] Hill). How can they make sense of headlines? Reminds me of an old joke "He's so dumb he couldn't pick stocks if he had TOMORROW'S Wall St. Journal."

Revealer,

If Jones has such "low net worth", "Uneducated" clients why is it that you are so jealous and/or envious of Edward Jones?

BPD

eyes wide open's picture
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You know, I really wonder about some of the things you say.  How on earth do you get jealous/envious out of that?  None of us ex-Koolaid drinkers are jealous.  We're actually astounded that anyone would continue to defend illegal behavior clearly documented by the SEC. 

Webster's picture
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Eyes wide shut,
A couple of definitions for you:<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
 
envy Pronunciation: 'en-vEFunction: noun
Painful or resentful awareness of an advantage enjoyed by another joined with a desire to possess the same advantage.
 
jealous Pronunciation: 'je-l&sFunction: adjective
Hostile toward a rival or one believed to enjoy an advantage.

Out,
Emanuel

unsunghero's picture
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I love it when you clowns start with the jealousy sh*t.  How could an exJones broker be jealous of something they VOLUNTARILY left for something else.  Now unless this is the Doug Hill version of voluntary, jealousy doesn't apply...
Jealousy along with "its not all about the money" are the sure signs we have you by the b@lls.

BigPayDay's picture
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Unsung,

So are you making more or less than when you left. Net, Net.

BPD

unsunghero's picture
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Dude,
KMA

BigPayDay's picture
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Un.

So you are not envious of Edward Jones nor jealous. But you have a vendetta against them? Why?

BPD

unsunghero's picture
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I loathe Edward Jones.  I cant stand sheep that blindly repeat crap that makes no freaking sense. 
What is there to be jealous of?  Best company to work for......I'm self employed now and I freaking love myself.  But really, who cares.  Just because you are the best company to work for does everyone walk around with a big happy stick up their @ss.  How is it really relevant to our day to day business?

BigPayDay's picture
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Unsung,

What specifically makes no sense?

BPD

unsunghero's picture
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Why do you ask cr@p like how much money do I make?  What the hell does that have to do the topic?  Why do you run away when someone wants an answer?

BigPayDay's picture
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I'm sorry I didn't understand when you said "crap". I wasn't sure what you were referring to. That's why I asked you to be specific. Ask a question, I would be happy to answer.

Revealer's picture
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BPD: Never worked for jones. I don't confuse "jealousy" with loathsome. Your (last day) guy little dougie hill was quoted as, "Our clients don't read the WSJ anyway." Last day doug said this in response to the now infamous Jan 2004 WSJ article spelling out how jones worked over their vendors and clients for a few more bps. FYI, I've been doing this (brokering) for a loooong time and I despise ANYONE who brings shame to MY life long career. Ergo, "Make sure it passes the Mom test" is not there just for the uninformed to "Duh" over. I MEAN IT.   

Beagle's picture
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Joined: 2005-03-21

I don't now and have never worked at Jones and am 100% sure I never
will.  I still don't understand why anyone is so petty that they
must come on this board routinely to bash another firm and it's
employees.

Are you under the impression this makes you appear smarter?  The
fact that several people give this so much effort is thrilling to me -
it shows what my competition is doing all day long!

compliancejerk's picture
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Joined: 2004-12-03

Beagle,
For a newbie to the industry (based strictly on the threads you've started), you've asked a decent question.
I've always described us "darkersiders" distaste for our former firm as a bad divorce following a great pre-nuptial and "honey-moon".  If you've ever known a couple who has gone through a nasty divorce, you will understand that they both usually had the same problem but each party had a "differen't view".
Are we "darksiders" any smarter for posting our opinions with supporting evidence from SEC, WSJ etc than those "koolaiders" who post opinion polls and internal "infomercials".  For those who have never been associated with the firm in question, probably not.
But I'll tell you it sure is fun to vent.

babbling looney's picture
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Joined: 2004-12-02

Webster, here is a more apt definition for you and BPD who persistently seem to think that everyone is jealous or envious of you.
Delusional   a : something that is falsely or delusively believed or propagated b : a persistent false psychotic belief regarding the self or persons or objects outside the self
Please get over yourselves.  You guys probably thought everyone was watching you in high school and sooooooo jealous of you when actually they were mostl likely looking at you and laughing behind their hands. 
And yes, I, for one, am making more money than I ever did when at Jones.  Gross and  obviously "Net Net".   When I finally decided that I was ending my horrible first marriage (years ago) and when I decided to leave Jones and go independent, it was the same feeling: as if a huge weight had been lifted from my soul.  Free at last, free at last, thank God Almighty I am free at last!

Indyone's picture
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Joined: 2005-05-31

babbling looney wrote:
Webster, here is a more apt definition for you and BPD who persistently seem to think that everyone is jealous or envious of you.
Delusional   a : something that is falsely or delusively believed or propagated b : a persistent false psychotic belief regarding the self or persons or objects outside the self
Please get over yourselves.  You guys probably thought everyone was watching you in high school and sooooooo jealous of you when actually they were most likely looking at you and laughing behind their hands. 
And yes, I, for one, am making more money than I ever did when at Jones.  Gross and  obviously "Net Net".   When I finally decided that I was ending my horrible first marriage (years ago) and when I decided to leave Jones and go independent, it was the same feeling: as if a huge weight had been lifted from my soul.  Free at last, free at last, thank God Almighty I am free at last!

"a persistent false psychotic belief"
I have never worked at Jones myself, but have been solicited by four different Jones employees in my market area to do so.  Funny how all that ended when I went independent...
While I don't make more money than I did at my former employer YET, I am confident that I soon will...with less effort and headache (and less meetings, reports, mandatory training, etc.)
Jealousy and envy don't begin to describe what I feel toward Jones.  Instead it is anger over the incompetence and customer abuse I've seen from so-called veterans in my market area.
Webster, please feel free to tell me what I should be jealous of...I love a good debate...

unsunghero's picture
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Joined: 2005-07-12

Goodbye Doug!
No hard feelings.

BigPayDay's picture
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Revealer wrote: BPD: Never worked for jones. I don't confuse "jealousy" with loathsome. Your (last day) guy little dougie hill was quoted as, "Our clients don't read the WSJ anyway." Last day doug said this in response to the now infamous Jan 2004 WSJ article spelling out how jones worked over their vendors and clients for a few more bps. FYI, I've been doing this (brokering) for a loooong time and I despise ANYONE who brings shame to MY life long career. Ergo, "Make sure it passes the Mom test" is not there just for the uninformed to "Duh" over. I MEAN IT.   

Revealer,

You quote Doug Hill above. What periodical is this from?

BPD

exdrone's picture
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Joined: 2005-07-01

It was on an internal broadcast at Jones.  No I cant give you the date and time, but it came over that satellite thing you are so proud of.

BigPayDay's picture
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Ex,

So you have satelite broadcasts for clients, prospects and CPAs and attorneys to come in and view, Drone? No? I din't think so.

So have you come up with a firm that doesn't do revenue sharing yet? Nope? Didn't think so.

BPD

exdrone's picture
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Are you a RL?

BigPayDay's picture
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Are you a Cincinati Bengals fan?

exdrone's picture
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No. Are you a RL or a GP?

BigPayDay's picture
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No, are you a Seatle Seahawks fan?

exdrone's picture
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I'll watch em if there on.

BigPayDay's picture
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Thought so.

exdrone's picture
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Thought what exactly?

BigPayDay's picture
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You'd watch'em if they were on.

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