[quote=bspears]you probably were part of the work avoidance group sitting in St Louis waiting for a big office to come open...were you not? [/quote]

I've suspected that....maybe still in the program.

[quote=bspears]Contrare' my good buddy.  THe breakpoint avoidance program was taught far and wide in my region.  Do you associate with others in your region, other than hanging with your buds from home office? (They don't count)  Now that I reflect on a lot of your comments, other than wanting to be GP, you probably were part of the work avoidance group sitting in St Louis waiting for a big office to come open...were you not?  I want to also thank you and your company for the 622k transfer today, I owe you one. Make it a great day and weekend.[/quote]

Did anyone besides me think it was strange that a $622K account that spears "left" in his old office took over 7 months to move?  And that he is "casually" moving his old book over to his new office?  Everyone that I've heard from on this site that has jumped from firm to firm has said move everything as quickly as possible.  Your approach seems like you are leaving a lot of assets behind by just waiting. 

What spears, didn't the big client think you would make it on your own?  Didn't you call him and tell him where his trusted advisor was moving too?  Why didn't he jump ship back in January when you left?  I would think a $622K account would be one that I would want to make sure I move within the first weekend.  I don't buy the casual approach to asset moving that you lead us to believe.  I think it took losing the next Jones guy and maybe the office sitting vacant and maybe a few desparate phone calls from you begging him to at least come talk with you before the guy gave in.   

Maybe it was just me.

[quote=bspears]Contrare’ my good buddy.  THe breakpoint avoidance program was taught far and wide in my region.  Do you associate with others in your region, other than hanging with your buds from home office? (They don’t count)  Now that I reflect on a lot of your comments, other than wanting to be GP, you probably were part of the work avoidance group sitting in St Louis waiting for a big office to come open…were you not?  I want to also thank you and your company for the 622k transfer today, I owe you one. Make it a great day and weekend.

Did anyone besides me think it was strange that a $622K account that spears "left" in his old office took over 7 months to move?  And that he is "casually" moving his old book over to his new office?  Everyone that I've heard from on this site that has jumped from firm to firm has said move everything as quickly as possible.  Your approach seems like you are leaving a lot of assets behind by just waiting. 

What spears, didn't the big client think you would make it on your own?  Didn't you call him and tell him where his trusted advisor was moving too?  Why didn't he jump ship back in January when you left?  I would think a $622K account would be one that I would want to make sure I move within the first weekend.  I don't buy the casual approach to asset moving that you lead us to believe.  I think it took losing the next Jones guy and maybe the office sitting vacant and maybe a few desparate phone calls from you begging him to at least come talk with you before the guy gave in.   

Maybe it was just me.[/quote]

Nah, it wasn't just you.  Based on past experience, it's very possible that this client wanted to see Britney established before he/she moved the account.  Of course, it's equally possible that this was a result of disparaging remarks made by EDJ reps regarding Spears' new business.  I've seen garbage like that firsthand.  A local Jones rep implied that since I had left the bank, I was likely to move again soon, and would thus, not be a stable advisor.  Local Jonsies pooled together and ran advertisements along the lines of "Has your advisor moved again?  Now might be a good time to look at Jones."  It was pathetic and to my knowledge, it netted them collectively, one account of about $80K.

So sure...I think that the seed of doubt was in the client's head.  Probably put there by the well-meaning new Jones rep that just wanted to make sure that the client's assets were taken care of.

No personal offense intended, Spiff, but you've got some slimy brothers...

I think there is a fair share of slime everywhere in this biz.  Jones is no exception.  I've not seen anyone in my region make a personal attack against someone like yourself.  

Now, I might have been inclined to keep a list of your clients that I had doorknocked or been referred to over the years and when you left, make sure that I see them in person in the next week or so.  If I'm the first person to tell them their advisor has jumped ship, it can't be good for you.  The AGE/Wachovia thing has actually opened a few doors for me like that.

Spiff, are you high?  I have accts moving over all the time…I feel very confident in my ability to build a business and will definately be here until I retire.  Others who moved a 18 months ago or so…still have clients moving.  I feel NO pressure to move anyone at this time. Remember, I BUILT THE BUSINESS IN MY OLD OFFICE…so I will do it here also. I’ve made very little effort to move my book…you’re right the desperate calls will turn anyone off.  It does help with the revolving door at AMWAY, I mean Jones, sorry.  The amount of assets which have moved is way ahead of my own projections.  THanks for asking and I’ll let Betty know you thought she should have moved quicker.

Oh and on the disparaging remarks from the old office…you bet.  Lets see, he moved to be more aggressive, he wanted to make more money, he’ll just move your stuff if you go there.  The best…well, he can’t sell American funds, and you like american funds, right? I took it with a grain of salt.  I know I will be here long after the 10th Jones sales guy/girl rolls thru.  I have never talked bad about Jones to anyone who talked with me, I stated I wanted to be able to shop for groceries at a large supermarket, and not a convenience store.  I get my bitterness out here…

Isn’t this a great business…A lady whom I prospected while at Jones, who would never take me up on having her “stuff” looked at, just called and set an appt for Thursday. I haven’t talked to her since I moved over. She must have dialed the wrong number.

I must confess I’m not as bitter as bspears, but I’ve already had similar experiences.  Prospects I had almost written off, have been very open to meeting and moving their assets to me now that I’m not at Jones.  Of course this is probably true with all firms.  Some people have bad experience or opinons of everyone.

Spiffy, I’m actually in a non bitter mood today and am feeling very sorry for you. Yes, I really am.  I understand you thinking its strange a 622k(really 621799) acct would take 7 months(actually 5) to move over.  I really am very calm and confident about my move and my ability to build my business. You forget, I BUILT THE BUSINESS IN THE OLD OFFICE.  I will build it here, except bigger and more profitable.  I have no pressure to move ANY of my accts.  I was well prepared when I moved, have a great location, low overhead and LOVE what I’m doing.  If it takes someone a day, month or year to move, I DON"T CARE.  I only want the clients who want to move to me.  If they want to stay at my old office and speak to a new broker every year or so…good for them, I don’t care.  I’m way ahead of my own projections on asset transfers, Income is WAY ahead and, again, I love it here.  I understand your thinking your clients wouldn’t do business with you at SPIFFY INVESTMENTS, but some, Spiffy, are meant to own and some are meant to loan.  I’m like this in the carwash business. I have a friend who has multiple carwashes.  He called and mentioned he scouted a location close to me and wanted me to put one in…well, when I learned it would take 500k minimum to put it in I had to tell him I couldn’t and he went ahead and did it…some can and some can’t. You my friend, can’t.

Spears.... So... You're happy you left Jones??? Successful with the move??? Sorry, I am not quite sure based on your posts...

Blarm, good question.  5 months into my move, I’m very grateful for the support I’ve recieved.  I’ve moved, on my screen today, 13,533,021. I left 28mil of transferable assets.  My income is as of the first part of July way above my all of 06 income at Jones.  I have absolutely no pressure to generate sales.  I put into the system 1200 worth of trades today, from a walk in.  I’m not only transferring old EDJ accts, also AG, Morgan, Waddell and Reed, other LPL, and if the prospect decides to transfer tomorrow, Merrill.  I talk differently to clients and prospects.  I take every other Friday off.  I don’t doorknock, I don’t make product calls and I DON"T beg people to do business with me.  My name is on the door.  My assistant makes sure she stays busy, because I PAY HER.  SO YES, I"M VERY VERY VERY HAPPY I MOVED, AND I"M HAVE NO IDEA IF I’M SUCCESSFUL OR NOT, ONLY TIME WILL TELL.

Spears,

Are you Indy now? I don't know if I missed that or if you haven't said.

Yes, LPL since Feb.

Also, I don't have rah rah Amway meetings to go to quarterly, I don't have other brokers looking at my production, I don't wear a name tag, I don't have to put doug hills picture on my wall, I don't put up cheap wood trophies on my walls, I don't work Saturday promos, I don't go to call sessions, I don't pay 1000 per month for health insurance, I paint the walls any freakin color I want, I say my company was started in 2007(I was born in 1969), I have cold beer in my office Fridge,

Spears- its time to get over it doggie… Move on… Congrats on your new situation.  I wish you well… But to put it bluntly, you are starting to sound like a whiny b!tch…

I disagree. What’s the required T12 to move to LPL? 

Blarm, go f yourself!

BSpears,

You are right in saying that not everyone moves over within the first month after you moved, but you do have a good idea that they will be moving.  Spiffy, I didn't think it was strange that I had a 1.2 mil account move over 4 months after I did.  I knew they were going to move and didn't rush them.  I knew thy were slow movers because of four years of "Knowing My Customer".  I've had people I never planned to move come to me and say they don't want someone young enough to be their Grandson to manage their money. The new Jones guy is young enough to be my son and he's oh so sute in his little Edward Jones advertisements in the local paper.

Spiff, Jones does suck for you and a lot of times for the customer, but if you like it, that's your business, just don't spew on those of us who don't like it and decided to control our own destiny.  BSpears, I understand your pain and your feeling of betrayal because I was there, too.  Time to work on making more money that you could have ever made at Jones and to enjoy a life like you never could have while at Jones.  No more candy a$$ meetings to attend, if you don't want to go, and no more candy a$$ RL telling you to just say "if you $10,000 you should buy some TODAY!!"

Spears - Honestly, I DON'T CARE.  I don't care if you got put on goals at Jones and had to leave.  I don't care if you thought Doug Hill himself stole money from your checking account.  I don't care if you just didn't like EDJ green and Agreeable Grey on your walls.  Whatever the reason you left - I DON'T CARE. 

I'm happy that you feel it's OK that you leave 50% of your book behind.  Maybe you justify it by saying that those were accounts you didn't really want to begin with anyway.  It's your biz, you run it the way you want.  BTW -

FFJ - Your  experience with Jones and my experience with Jones are completely different.  Maybe that's why my posts come across the way they do.  I've never been to a meeting I didn't want to go to.  I've never had a RL poke his nose into the way I run my business.  I've never felt betrayed.  I feel like I can make just as much money at Jones as I could if I went Indy.  Maybe I've just got blinders on though. 

My clients aren't suffering.  They're making the returns they need to meet their goals.  Whether they do it with funds, stocks, bonds, CDs, ETFs, options, annuities, gold, or whatever they get the returns they are looking for.  If they don't, they leave. 

I think a lot of you that love to say how horrible Jones is didn't stick around long enough to see how good it could be.  You scratched and clawed your way up the hill, then right about the time it leveled off, you decided to start climbing another hill.  It's your business, run it the way you want. 

Oh yeah.  I have cold beer in my office fridge too.