[quote=bspears]

  In some ways yes it does make me angry, envious…whatever.  They distribute info on a monthly basis about profit, bonus brackets, blah blah blah.  We still have inadequate technology, expensive healthcare costs and a huge number of segment 3 brokers on a tightrope, trying not to fail.  I look at my region numbers and count 19 of the 50+ offices being less than 30 months. The number of total offices in my region doesn’t grow…just holds steady.  But superstar Weed dle can have a good time enjoying his 40 car garage why many hardworking individuals come and go through the system.  Throw as many as they can against the wall and hope enough stick!! Lovely!!   

bspears - I must have missed the stat about the entire brokerage industry having a much higher success rate with their new brokers.  The attrition rate for the industry is astronomical.  How much different would you like Jones to be?  And why is it Weddle's fault that so many people can't cut it in this business?   If the number of offices in your region were steadily climbing, would you be complaining about Jones putting too many offices in one area? 

I like seeing the profitability and bonus bracket numbers.  I don't pay attention monthly, but I do pay attention that last month of the trimester.  I'm excited we could get to the 50% bonus bracket this time.  More bonus for me!

I agree on the health care costs.  Way too high.  I've never really heard a good explanation other than we're brokers, we make more money than the home office people, so we should pick up a bigger part of the health care costs.  Well, they don't have to worry about brining in new assets every month to pay the bills.  Maybe we could just split it evenly.  Or maybe, the GPs could pick up a bigger chunk since they make way more than I do. 

"We still have inadequate technology"  - From a technology standpoint what would you like to do with your clients that you can't do now? 

EJ sucks!!

Any one who stays at Jones needs mental help…they are the worst company to work for! They will suck your life savings dry while promising you the world, they stink!

[quote=$$$$$]EJ sucks!![/quote]  - Nice.  That helped everyone a lot. 

[quote=jonesescapee]Any one who stays at Jones needs mental help...they are the worst company to work for! They will suck your life savings dry while promising you the world, they stink![/quote]

Why do you keep coming back to this board and constantly reminding yourself (and us) that you think Jones is the worst company to work for? I would think that if you hated it that much, you would do everything you could to forget about it.  You seem very bitter.  Why don't you just let it go.  

Had a funny thing happen this morning and this was the closest EDJ thread I could find.  My assistant got a phone call that started something like "this is John Public and I just left XYZ and wanted to ask how I roll my 401(K) over to my IRA.  My assistant, knowing John pretty well said something to the effect of "Well hi, John....where did you end up going to work?"

(uncomfortable pause)

"Well, this is actually Joe Rep (Edward Jones rep in the next town east), but I've got John's wife here in the office with me."

This rep has been with Edward Jones for more than ten years.  Note to new reps in the field...impersonating a client is illegal...and having the client's wife in the office when asking about the client's IRA doesn't make it any better.

Now, for the rest of you, especially those of you with Jones...do I bother with complaining to St. Louis about this?

[quote=Indyone]

Had a funny thing happen this morning and this was the closest EDJ thread I could find.  My assistant got a phone call that started something like "this is John Public and I just left XYZ and wanted to ask how I roll my 401(K) over to my IRA.  My assistant, knowing John pretty well said something to the effect of “Well hi, John…where did you end up going to work?”

(uncomfortable pause)

"Well, this is actually Joe Rep (Edward Jones rep in the next town east), but I've got John's wife here in the office with me."

This rep has been with Edward Jones for more than ten years.  Note to new reps in the field...impersonating a client is illegal...and having the client's wife in the office when asking about the client's IRA doesn't make it any better.

Now, for the rest of you, especially those of you with Jones...do I bother with complaining to St. Louis about this?

[quote=Indyone]

Had a funny thing happen this morning and this was the closest EDJ thread I could find.  My assistant got a phone call that started something like "this is John Public and I just left XYZ and wanted to ask how I roll my 401(K) over to my IRA.  My assistant, knowing John pretty well said something to the effect of “Well hi, John…where did you end up going to work?”

(uncomfortable pause)

"Well, this is actually Joe Rep (Edward Jones rep in the next town east), but I've got John's wife here in the office with me."

This rep has been with Edward Jones for more than ten years.  Note to new reps in the field...impersonating a client is illegal...and having the client's wife in the office when asking about the client's IRA doesn't make it any better.

Now, for the rest of you, especially those of you with Jones...do I bother with complaining to St. Louis about this?

Yes.  If he’s willing to do that he’s willing to do a lot more.  I’d  bet if he told you who he was up front and that the spouse was just inquiring about the necessary paperwork, your assistant would probably have done a fine job explaining the process.  What was he thinking!?  

I would absolutely make a couple calls. Thats illegal to impersonate a client. Kinda suggests that the wife either was unethical or an absolute moron as well by going along with it…

[quote=Spaceman Spiff]

bspears - I must have missed the stat about the entire brokerage industry having a much higher success rate with their new brokers.  The attrition rate for the industry is astronomical.  How much different would you like Jones to be?  And why is it Weddle's fault that so many people can't cut it in this business?   If the number of offices in your region were steadily climbing, would you be complaining about Jones putting too many offices in one area? 

I like seeing the profitability and bonus bracket numbers.  I don't pay attention monthly, but I do pay attention that last month of the trimester.  I'm excited we could get to the 50% bonus bracket this time.  More bonus for me!

I agree on the health care costs.  Way too high.  I've never really heard a good explanation other than we're brokers, we make more money than the home office people, so we should pick up a bigger part of the health care costs.  Well, they don't have to worry about brining in new assets every month to pay the bills.  Maybe we could just split it evenly.  Or maybe, the GPs could pick up a bigger chunk since they make way more than I do. 

"We still have inadequate technology"  - From a technology standpoint what would you like to do with your clients that you can't do now? 

[/quote]

Space,

Correct me if I'm wrong but isn't your bonus 50% of the profitablility of the office? Why not be indy, then the bonus is 100% of the profitablility of the office.

When I was at Jones, the one thing I always wanted to do was get a quote and place a trade on a cloudy day.  Oh the endless possiblilities those 25 calls could have brought, thank the good lord I wasn't in Seattle.

[quote=Spaceman Spiff]Yes.  If he's willing to do that he's willing to do a lot more.  I'd  bet if he told you who he was up front and that the spouse was just inquiring about the necessary paperwork, your assistant would probably have done a fine job explaining the process.  What was he thinking!?   [/quote]

I asked myself the same question.  That's the third bone-headed move I've come across with him.  He once sold a bond without permission for a client that was moving over and after some pressure from the client, he ate the loss.  A friend of mine said that he incorrectly transferred an IRA for a client's beneficiary, costing thousands in taxes...don't remember the particulars...I just remember that it was a bone-headed move.

As it was, my assistant told him that the client needed to call the contact at the former employer to get the paperwork sent, which is what she would have said regardless of who called, so he gained nothing by being cute.  I'd probably be doing him a favor by getting him slapped now before he does anything truly stupid that costs him his license...anyone have an EDJ compliance hotline number handy?

[/quote]

Space,

Correct me if I'm wrong but isn't your bonus 50% of the profitablility of the office? Why not be indy, then the bonus is 100% of the profitablility of the office.

When I was at Jones, the one thing I always wanted to do was get a quote and place a trade on a cloudy day.  Oh the endless possiblilities those 25 calls could have brought, thank the good lord I wasn't in Seattle.

[/quote]

At a very basic level you are correct.  But, correct me if I'm wrong, you don't get bonuses.  You get a higher payout. If we compared expenses maybe you don't keep all that much more than me.  I'm glad you are happy as an Indy and you feel your life and your checkbook is better now.  Congrats.  I don't leave because I like Jones.  Period.  You didn't for some reason.  Going indy isn't the answer to everything in this biz.  

Your pathetic attempt at humor about the satellite system was only moderately funny.  I think in 4 years in this office I've only lost my satellite connection a handful of times.  It has to be a pretty major storm for me to lose my connection.  If that's the best you've got, why don't you let me send you an EDJ recruiting kit.  I need a category for the diversification trip.   

I'd  bet if he told you who he was up front and that the spouse was just inquiring about the necessary paperwork, your assistant would probably have done a fine job explaining the process.  What was he thinking!?  

It isn't her IRA. She has no right to any information about it, even to the extent that there is an IRA.   If you don't talk to to the client directly then there should be no information of any kind given out.

[quote=Indyone]

[quote=Spaceman Spiff]Yes.  If he's willing to do that he's willing to do a lot more.  I'd  bet if he told you who he was up front and that the spouse was just inquiring about the necessary paperwork, your assistant would probably have done a fine job explaining the process.  What was he thinking!?   [/quote]

I asked myself the same question.  That's the third bone-headed move I've come across with him.  He once sold a bond without permission for a client that was moving over and after some pressure from the client, he ate the loss.  A friend of mine said that he incorrectly transferred an IRA for a client's beneficiary, costing thousands in taxes...don't remember the particulars...I just remember that it was a bone-headed move.

As it was, my assistant told him that the client needed to call the contact at the former employer to get the paperwork sent, which is what she would have said regardless of who called, so he gained nothing by being cute.  I'd probably be doing him a favor by getting him slapped now before he does anything truly stupid that costs him his license...anyone have an EDJ compliance hotline number handy?

[/quote]

Sounds like he's either desperate or stupid.  Maybe both.  Or he thinks that since he's been at it for 10 years, he's above the law.  I'd report a broker who tried that with me.  If  you're serious about actually reporting, PM me and I'll get you the numbers.

Things like that happen in every firm.  Those are the people that give this industry a bad rap.  Some firms have more or less "features", "products", "services", whatever, but they can't control individuals and their actions.  There are knuckleheads and great advisors at the best and worst firms.