BPD,

Your attempts to explain are the reasons I despise Jones so much.  Jones employees like yourself who believe everything the firm does is for the clients and its advisors and all that jones does is the best and all that it doesn't do is the best as well.  Your annuity comments are a joke - the difference between jones' reaction and most other b/d firms is that jones goes out and builds systems in place to curb or discourage writing that business by having to review each and every contract and by hiring a separate compliance team who's sole purpose is to review those contracts.  As far as the death benefit - YOU ARE INCORRECT, a share contract value is minus sales charge. 

Your financial planning comments again show your ignorance about this field.  What jones has is not even close to real planning.  Tell me, can you gather a clients goals, investments/objectives and at any given time, determine how effective a clients portfolio is achieving the objectives?  It has nothing to do with the merrill lynch rule; if you had any knowledge of this field outside of the home ofc you would realize it. 

Cookie cutters!

you are right though, I am very vindictive toward Jones, I have personal reasons for it as most who left do and I also have friends who left that were treated like hell by them.  If you truly are in production, and I really doubt that you are, you ought to just pull your head out of the ground and look at some of the top indy firms, YOU MAY ACTUALLY LEARN SOMEHTING ABOUT THIS FIELD.

[quote=BigPayDay]MikeButler,

Oh great Mike Butler with all your knowledge and platforms. Here's a scenario:

50 year old male. Married to 50 year old female. No kids. 28% tax bracket. Retiring at 65. Maxing out 401k. Not eligible for Roth IRA. House is paid for. Goal is to set aside money for income in retirement. Received inheritance of $250k. What would you recommend? Assume that all existing monies invested is properly diversified. Risk level is moderate. Investor does not like paying taxes.

I'm curious what you would recommend. Come on put your investment knowledge and your fancy smancy platforms where your mouth is.

BPD[/quote]

What's their 401k and total IRA balances (what makes them sure they CAN retire in 15 years?)? Do they have 6 months of cash/short term assets set aside? Do they have any non-qualified investments? With mortgage money as cheap as it is, why is the house paid off? Do they have a standing HELOC in place?

I know you thought you'd designed a question where the only answer is bang them into an annuity so that you could leap up and scream what a dandy thing Jones' A share annuity is....

The A share annuity was simply designed to counter the argument why Jones brokers dump dollar after dollar in annuities inside of IRA accounts.  It really is that simple.  Don’t let those GPs fool you Webster.