Edward Jones worth it?
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I think you are wrong. It's difficult to get hired at Edward Jones, but some do get by that probably shouldn't have been hired. But hell, they get 10,000 applications a month! Our attrition rate is really just 10 - 15%, about the same as everyone else. Think it's hard to "cold walk"? Try making about 500 cold calls a day all over the country! That's pretty difficult too. I'm very happy, but then again I haven't worked for another brokerage. The two independent guys in my town don't seem any more happy than I am frankly. One of them even contacted our regional leader about an open office down the road. So, yeah he might be doing well but he did inquire about joining us. After what we've seen the past two years, and probably will see more of with some bank brokers, I can't believe the same old $hit is still being posted here as was six years ago when I was trying to decide on a career change. Seriously, it's like this thread is exactly like one I read in 2004! Merril, Wachovia, AG Edwards, Bear Sterns, etc., etc. and everyone is still criticising Edward Jones? The fact is we rarely have anyone tell us what to do when Seg. 4 level is reached. But, what's wrong with that anyway? It's really no different than the guy who owns a McDonald's restaurant. Think they don't occasionally tell everyone what to do for the good of the franchise?[/quote] You're an idiot! Once you hit seg 4, you're not concerned about being told what to do; You see all that money go to buy Weddell a new car and start looking at lining your own pockets. I remember in training we were sitting in the bar trying to recruit the bartender so we could get 5000 bonus points for a new hire towards a div trip! 10,000 applications a month, could wipe my ass with at least half![/quote] Well, I see things are pretty much the same here; so I'll probably take another look at this forum in two or three years. Most of you on here who aren't new or looking to change careers are probably low achievers, or losers like Blondie above, so I'll just go back to what I think is a pretty decent life. Carry on. [/quote] See ya loser, go f*** yourself![quote=Mr.Blonde][quote=tidefan][quote=SMUSMU]I am new to this forum but it seems like most of the EDJ advisors lack perspective. It is the only firm they know. I could be wrong but you can find tons of FA very happy after they leave EDJ. But I don’t any who are happy, if there are any, once they join EDJ.
Some are loyal because this is the only firm that will hire you without a college degree. Not to say a college degree makes you smart, but if you cannot go to any other firm, you are going to be loyal to the one that gave you a chance.
EDJ has probably the lowest goals to meet as a New FA so to say the least, if you can’t make it at Edward Jones you probably need to find a new profession.
I think you are wrong. It's difficult to get hired at Edward Jones, but some do get by that probably shouldn't have been hired. But hell, they get 10,000 applications a month! Our attrition rate is really just 10 - 15%, about the same as everyone else. Think it's hard to "cold walk"? Try making about 500 cold calls a day all over the country! That's pretty difficult too. I'm very happy, but then again I haven't worked for another brokerage. The two independent guys in my town don't seem any more happy than I am frankly. One of them even contacted our regional leader about an open office down the road. So, yeah he might be doing well but he did inquire about joining us. After what we've seen the past two years, and probably will see more of with some bank brokers, I can't believe the same old $hit is still being posted here as was six years ago when I was trying to decide on a career change. Seriously, it's like this thread is exactly like one I read in 2004! Merril, Wachovia, AG Edwards, Bear Sterns, etc., etc. and everyone is still criticising Edward Jones? The fact is we rarely have anyone tell us what to do when Seg. 4 level is reached. But, what's wrong with that anyway? It's really no different than the guy who owns a McDonald's restaurant. Think they don't occasionally tell everyone what to do for the good of the franchise?[/quote] You're an idiot! Once you hit seg 4, you're not concerned about being told what to do; You see all that money go to buy Weddell a new car and start looking at lining your own pockets. I remember in training we were sitting in the bar trying to recruit the bartender so we could get 5000 bonus points for a new hire towards a div trip! 10,000 applications a month, could wipe my ass with at least half![/quote][quote=tidefan][quote=SMUSMU]I am new to this forum but it seems like most of the EDJ advisors lack perspective. It is the only firm they know. I could be wrong but you can find tons of FA very happy after they leave EDJ. But I don’t any who are happy, if there are any, once they join EDJ.
Some are loyal because this is the only firm that will hire you without a college degree. Not to say a college degree makes you smart, but if you cannot go to any other firm, you are going to be loyal to the one that gave you a chance.
EDJ has probably the lowest goals to meet as a New FA so to say the least, if you can’t make it at Edward Jones you probably need to find a new profession.
I thought I was the only one who did that!
I’ve inquired about empty Jones’ offices before - not because I wanted to go to Jones, but because the inquiries led me to find out how long the office has been empty, what sort of book existed at that branch, and about how long they anticipated filling the empty box. I was able to concentrate my local advertising, explaining that I will be there to service them for the long-term. The ACAT’s rolled in for quite sometime after that advertising! I like the turnover at the local Jones’ offices, myself! Some of the Jones clients were surprised when I wouldn’t take them on - didn’t meet my minimums. That left some for the new guy, who has come and gone already over the past 1.5 year. The latest FA is doing a little better. We’ve had lunch a couple of times. He pounds the pavement more so than most I’ve seen.