[quote=Whomitmayconcer]

Or, maybe, he’s just a knucklehead that misspelled “everybody” while

being pedantic about whose is what.

Big clients will, from time to time, fall below the required 2500 in the money market. As most of you know, the three dollar fee has not always been there, and in my opinion is an indication of the direction Edward Jones is going. The GPs are more focused on squeezing an extra few bucks out of clients, rather than avoiding the very things that brought people  to Edward Jones in the first place, such as petty fees.

[quote=farotech]

 The GPs are more focused on squeezing an extra few bucks out of clients, rather than avoiding the very things that brought people  to Edward Jones in the first place, such as petty fees.

[/quote]

Speaking of squeezing, I luckly got all my clients out before they started the "Don't let the door hit ya in the ash" fee. It must be a cash cow with the turnover. However it was Weddle stating, "....this will get us in line with other firms." He also said that they will refund if the client comes back. Whats that ratio?  That's really unfortinate, it was a good selling point for Jones.

A small one, I’m guessing. Did you go indy?

I did last September. It’s so enlightening. Going indy is like the American Dream. You own your business, you are helping familys, and making good money doing it. I love it!

What percent of clients moved, and what was the biggest objection you got from them? Thanks for the help.

90% of aum moved, (I only wanted 92% or so) only objection was "change" which is overcome with a little open discussion and honesty.

[quote=Broker24]Honestly, although I agree that extra fees are a nuisance, if you manage it
correctly, there are very few fees actually charged. I don't have anyone
with the $3 fee (I manage it with the low-balance reports). Most firms
have an IRA fee (most wirehouses are higher than EJ), and we waive it if
you have more than $500K in Household assets with us - so about half
my clients don't pay that fee. Some of the other fees are in liue of
commissions (i.e. stock dividend reinvestment). For $100/yr, you get 2
fee-free IRA's, unlimited checking and unlimited dividend reinvestment.
That can save a lot of $$.

It's not perfect, but it really stacks up very comparably to most other
firms. [/quote]

Sure, they are "fee-free," but you must still keep at least $1500 in at least one acct, because only one acct does not have the mmkt balance.  And as for, "half you client's with 500k?"  I bet.  Your probably one of those pretty little over paid "overhead" skamps up in St. Louis that is paid to post responses to this website.  Your posts are too canned. 

 My damn feet hurt,

 ED

[quote=farotech]

ironhorse - what percent interest does the cash account pay?

maxstud - little fees make big clients mad

[/quote]

 .25%

 My damn feet hurt,

 ED

Broker24...half of your clients have assets over 500,000? That's BS.

The average account size at Jones is less than 100k. You must be in the top 1% of producers if what you say is true.

Either you are a lying St. Louis troll, or you are telling the truth and you are the elite, and therefore your experiences and opinions are irrelevant to normal producers. Therefore, no one should listen to what you say.