I’m not unhappy at Jones and have no plans to leave in the future.  However, they owe me as much as I owe them.  It’s a mutually beneficial relationship, much more in my favor at this point but that will change in time.  That’s when the decision will be made … because remember what they keep telling me "think like a business owner"

I will, at all times.

[quote=voltmoie]lol … I’ve been selling 10 - 15 weeks now.  Please call me a vet. 
[/quote]

Aren’t you putting the cart ahead of the horse worrying about going independent when you’ve been in this business for 3 months?  Wouldn’t it be more prudent to do what you need to do on a day to day basis to make sure you’re still in this business 6-12-24 months from now?

When Peyton Manning was in HS no doubt he thought about college, in college the pros, in the pros the superbowl.  Dress for the job you want, not that one you have.  It’s a bit cliche but can be applied here, I think. I still knock on just as many doors, make just as many calls, etc. etc.  but without goals (short and long term) you might as well go work for a bank.

My goals this week - meet 35 new prospects, open 2 accounts, schedule 6 appointments, do 20 drop by’s to existing prospects, and make 225 dials.  

[quote=voltmoie]When Peyton Manning was in HS no doubt he thought about college, in college the pros, in the pros the superbowl.  Dress for the job you want, not that one you have.  It’s a bit cliche but can be applied here, I think. I still knock on just as many doors, make just as many calls, etc. etc.  but without goals (short and long term) you might as well go work for a bank.

My goals this week - meet 35 new prospects, open 2 accounts, schedule 6 appointments, do 20 drop by’s to existing prospects, and make 225 dials.  
[/quote]

Good for you.  You do that every week and I guarantee you’ll be successful.  Let us know if you hit your numbers.  Maybe we should start a thread where we all post our numbers for the week and then report back if we made our goals or not.

ICE, there is really nothing proprietary or non-portable at Jones.  Not sure how insurance works, but we use major carriers.  There may be an issue with annuities inside IRA’s - not sure.  Besides that, can’t you just do a  B/D change?

[quote=BerkshireBull]

[quote=voltmoie]When Peyton Manning was in HS no doubt he thought about college, in college the pros, in the pros the superbowl.  Dress for the job you want, not that one you have.  It’s a bit cliche but can be applied here, I think. I still knock on just as many doors, make just as many calls, etc. etc.  but without goals (short and long term) you might as well go work for a bank.

My goals this week - meet 35 new prospects, open 2 accounts, schedule 6 appointments, do 20 drop by’s to existing prospects, and make 225 dials.  
[/quote]

Good for you.  You do that every week and I guarantee you’ll be successful.  Let us know if you hit your numbers.  Maybe we should start a thread where we all post our numbers for the week and then report back if we made our goals or not.
[/quote]

No way I’m going to hit my numbers if I don’t get off this site but the damn windy drama is too much.  I’ll post what I did this evening… right now, it stinks 

[quote=B24]ICE, there is really nothing proprietary or non-portable at Jones.  Not sure how insurance works, but we use major carriers.  There may be an issue with annuities inside IRA’s - not sure.  Besides that, can’t you just do a  B/D change?

You are correct.  And I use a handful of funds from American and Franklin Templeton, and I could not even TELL you what we receive in Revenue Sharing.  I know American is by FAR the lowest in terms of %.

I agree rev sharing is std. But I think what chief was trying to point out was that… EDJ always claims they don’t have proprietary funds but they update the preferred list monthly in terms of performance and have it available as a pdf file… I tell my prospective clients(edj clients) that I can guess what funds they have in 3 guesses and when they ask I show them that PDF

What are you guys going to complain about with Jones when most of the mutual fund assets here are in Advisory Solutions?  I’m sure you’ll find something to bellyache about with that too. 

I’ve felt no pressure to sell any funds of any kind so don’t feel they are proprietary at all.  I like having someone else vet them for me though since I’m pretty clueless as to what’s out there.

The A share VA is as close to proprietary as you can get though.  Wholesales have told me Jones is the only one selling them and they are the ones that want them.  When you start pushing companies to creat product for you, you are no longer a casual observer.

What are you guys going to complain about with Jones when most of the mutual fund assets here are in Advisory Solutions?  I’m sure you’ll find something to bellyache about with that too. 

What are the combined fees on an average Advisory Solutions account? I realize that there is no typical Advisory solutions account, but let’s say a well-balanced growth and income portfolio. You have the 1.3% advisory solutions fee - what are the average fund expenses? I realize some of you use ETFs, which should lower the expenses a bit, but what about those of you who don’t?

[quote=Moraen]What are the combined fees on an average Advisory Solutions account? I realize that there is no typical Advisory solutions account, but let’s say a well-balanced growth and income portfolio. You have the 1.3% advisory solutions fee - what are the average fund expenses? I realize some of you use ETFs, which should lower the expenses a bit, but what about those of you who don’t?[/quote]

These Jones guys are liars. Do you expect them to start telling the truth?

[quote=Moraen]What are the combined fees on an average Advisory Solutions account? I realize that there is no typical Advisory solutions account, but let’s say a well-balanced growth and income portfolio. You have the 1.3% advisory solutions fee - what are the average fund expenses? I realize some of you use ETFs, which should lower the expenses a bit, but what about those of you who don’t?[/quote]

1.35% is top and we have flex to lower that.  Hopefully people moving clients out of A shares put them in at 1.15%.  A rock star in my region does that.  We have an all EFT model which can make the exp. quite low and some other hybrid models.  My guess would be add another 50bps to whatever it’s priced at.  B24 and Spiff prob. know alot more.

[quote=voltmoie]When Peyton Manning was in HS no doubt he thought about college, in college the pros, in the pros the superbowl.  Dress for the job you want, not that one you have.  It’s a bit cliche but can be applied here, I think. I still knock on just as many doors, make just as many calls, etc. etc.  but without goals (short and long term) you might as well go work for a bank.

My goals this week - meet 35 new prospects, open 2 accounts, schedule 6 appointments, do 20 drop by’s to existing prospects, and make 225 dials.  
[/quote]

7 New contacts, 2 appointments, 26 dials, 2 drop by’s … need to get my arse in gear tomorrow

[quote=voltmoie]

[quote=voltmoie]When Peyton Manning was in HS no doubt he thought about college, in college the pros, in the pros the superbowl.  Dress for the job you want, not that one you have.  It’s a bit cliche but can be applied here, I think. I still knock on just as many doors, make just as many calls, etc. etc.  but without goals (short and long term) you might as well go work for a bank.

My goals this week - meet 35 new prospects, open 2 accounts, schedule 6 appointments, do 20 drop by’s to existing prospects, and make 225 dials.  
[/quote]

7 New contacts, 2 appointments, 26 dials, 2 drop by’s … need to get my arse in gear tomorrow
[/quote]

You scheduled 2 appts. today, with that level of activity? Not bad.

[quote=voltmoie] My goals this week - meet 35 new prospects, open 2 accounts, schedule 6 appointments, do 20 drop by’s to existing prospects, and make 225 dials.  
[/quote]

It seems counter-productive to start at Jones with the plan of leaving. I mean, there’s better companies out there for people who don’t like the Jones model…better payout too!

But, I got to say, you truly are motivated if you are making these numbers every week. It’s a shame you will be giving up many of these clients (hopefully to me!)

[quote=Still@jones]

[quote=voltmoie] My goals this week - meet 35 new prospects, open 2 accounts, schedule 6 appointments, do 20 drop by’s to existing prospects, and make 225 dials.

[/quote]It seems counter-productive to start at Jones with the plan of leaving. I mean, there’s better companies out there for people who don’t like the Jones model…better payout too!But, I got to say, you truly are motivated if you are making these numbers every week. It’s a shame you will be giving up many of these clients (hopefully to me!)[/quote]



On the contrary, Jones is the perfect place to start and plan to leave. If he markets himself, rather than Jones, he will already have these clients thinking he is Wind. He goes from a small, two-person office, to a small, one-person office.



The known is Volt, the unknown is EJ, if he plays his cards right. And he’ll likely end up giving you clients that you don’t want.



Plus, when you leave, you make sure your BOA is on vacation (or has transferred to another branch before you leave) and you have a week of where the clients’ only known entity (Volt) has sent them a nice little gift with his new company’s logo on it.



Anyway, I couldn’t imagine doing it at a place that has numerous people ready to swoop down and snatch your accounts.