EDJ to Indy---Are you really happy
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I left Jones 18 months ago and could not br happier. The insurance was just as expensive at Jones as it is now. I still use the “Hamburger” ha ha…
Britany (Ms Spears),
All I can say to your question is does a bear take care of business in the woods?
Also, my wife is self employed but we spend about $450 / mo less on insurance now than when at Jones and I am my own agent so I get some of it back.
PS you are funny
If you would like to have a side-by-side financial comparison, I can do that for you.
You might be surprised!
Give me a call sometime.
If it ever looks like I’ll have to stoop to go to Edward Jones for a job, I’ll give you a call first, Allan.
I just became a member last week, so this is the first time I’ve seen a posting by Mr. Kvetch, which gave me a big smile and brought back long forgotten memories - thank you.I’ll bet most people don’t get the joke. I should have signed on as White Fang or Black Tooth.
My side-by-side financial comparsions are for any BD. I would be happy to assist Philo.
Thanks, Allan, but I’d rather have a sister in a whorehouse than a brother at
GunnAllen.
Best career move I’ve ever made, bar none. Just passed 5 years later, and
never had a single reason to look back.
I never have the Beginning of the month Blues. I am sitting on
$20,000 net every month. It’s great. I love being a
trusted financial advisor.
It has 2 1/2 years since I left EDJ, I never used the company health insurance I had my own policy before I joined and given the cost of health insurance at EDJ I kept my own insurance. EDJ closed my old office because they couldn’t find anyone to replace me. I just wish that no one would join this firm. Maybe Santa will grant my wish. As for being indy it is great. To all the positive comments on this board ditto.
[quote=$$$$$]I’m scared as hell to go indy. Why?[/quote]
Because you think like an employee with a J-O-B instead of a business owner?
It’s really not that hard…but don’t tell anyone.
Joe that is a great quote.
You think like an employee with a JOB instead of the mindset of a business owner. Unless one is or has been a business owner they will never get it.
I used to get scared talking to girls, but than I got laid. I imagine its kind of like that.
It has been EIGHT years since I have left the...er...fraternity.
It took me 18 months before I GROSSED more than I did at Jones as a Veteran. My clients were better off from day one.
For Eight years I have heard the ever-dwindling remnants of my Jones compadres, who used to act as my friends, referred to my practice as flawed, and better yet...as a disease. Fewer and fewer......
My clients are much happier. I am much happier. My clients and I are much more informed! Most don't even remember "Edward D. Jones".....
For the Jones brokers today...LEAVE!!
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[quote=rook4123] I used to get scared talking to girls, but than I got laid. I imagine its kind of like that.
[/quote]
What do I need to do to get over this fear that I'll lose all my clients after moving again (its been 3 years since my 1st move) and my trail & fees will be cut in half. (currently grossing 175k in trails & fees) Remember I'm a bank rep. Also I have a non working spouse and kids.
I do hate working for the bank, but having to prospect for 30% payout. I hate it!
[quote=$$$$$]
What do I need to do to get over this fear that I’ll lose all my clients after moving again (its been 3 years since my 1st move) and my trail & fees will be cut in half. (currently grossing 175k in trails & fees) Remember I’m a bank rep. Also I have a non working spouse and kids.
I do hate working for the bank, but having to prospect for 30% payout. I hate it!
[/quote]Remember that your payout will most likely be DOUBLE.
Considering your gross and the amount of time since you last moved, and as well your family situation, it might be a good idea to consider waiting. Set yourself a goal to make the move in 12-18 months, and use that time to put aside savings, bring in new assets, solidify relationships with your best clients, and plan your "escape". You will need to interview b/d's and determine which one you like, find office space, make arrangements for physical infrastructure like phones, furniture and computer. All of that is more than enough to keep you busy for most of that time. Especially in light of the fact that it will need to be done confidentially on the "side" while keeping up with your day job. Too, it will be easier to tolerate your current situation when you know you're working on a defined plan to make changes.
Read "Starting Your Own Practice" by Robert Fragasso...cover to cover...as soon as possible. This should be required reading for anyone looking to leap from employee to independent. Fragasso went indy years back and is currently affiliated with LPL. If you can't find his book elsewhere, it was available though his website last I looked...
www.fragassogroup.com
...and I'm with Joe...take your time and prepare well...read the book ASAP!
Let me qualify my last post. my recurring fees and trails are approx. 175k. I do about 310k gross for the year.