Decision Time
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I’m a rebel that hates kool aide, doesn’t believe in mutual funds for everyone that walks in the door, or purely buy and hold when it doesn’t make sense. I didn’t buy into the cult-like atmosphere or the we can do no wrong belief system.
The higher payout was just a bonus. I would have left if it meant making less money. As a bonus, I can now offer my clients products and services that I could only dream about at Jones, and compete directly with the big boys on the upper end clientele. I don't have to open 50 $100/mo accts to make myself happyHa, I think we would get along very well. I agree. I, however, do like EJ as a firm. The problem is that at EJ, you look around the room and all you see is donkeys who can’t do anything but peddle. I mentioned Efficient Frontier at my last regional and it was like the record scratched.
Who wins between ML and EJ when they duke it out? I would say ML due to the platform. Insight?? Only between those two though.Try bringing up trend lines…or correlation…
I really don't believe ML or EJ have much of an edge over the other except for perception. ML wants bigger more affluent clients and as such developed a platform to accomodate that market. The platforms aren't that much different at a base level, just the image. In the middle markets or the smaller clients I think it's mostly a wash with a small edge going to EJ just due to the homesy attitude and focus on the small investor.