Transferring in kind would never reduce the amount of switches.
Compliance is pretty much kept under control as long as preferred funds are
Best compliance department in the industry? I am sure you learned this bit
of information from your employer? You have to be kidding.
You hit it on the head Cowboy. The average Jones broker is doing less than
$300K per year and they want to grow this force? And doing so by offering
fee based platforms in a company...
Jones has no presence on the east coast. On that alone I would be hesitant
to pick them. No true national advertising to help you. So if you are going
to work your arse off, then...
It probably is not a matter of honesty. Those poor chaps don't know any
better. If they don't sell the preferred funds they will feel the heat. Ask to
speak to his branch manager...
Red Zone mentioned above is pretty good. Best I have seen thusfar.
The biggest question for you is can you get up to the level of production
needed at Jones to be considered by one of the bigger players. Seek the
answer to that...
Edward Jones Fee Based Business = Wrapping the revenue sharing American
Funds. That is all it will be.
If your compliance chief is trying to figure out how fee based business
Forget becoming one of those next, evil GPs. You can bet that it is not
going to happen for you.
All Jones reps use the "significant breakpoint" terminogy. Compliance
obviously force feeds this down your throat. If the average account size at
Jones is $50K, I would be surprised...