Correct Mr Butler.

Sorry Sniper, but we have a revenue sharing agreement with over 25 fund families, not just the “preferred” families. Last I looked, Capital Guardian was getting the majority of EVERYONES money, not just Jones. Don’t know anything about " year long contests" or special treatments by using the “preferreds” matter of fact, you don’t know about any of that either. but, it did read well!

SPecial treatment is access to Jones IR's at most meetings and div trips that vendors pay a signifigant amount for.  When was the last time a Columbia wholesaler spoke at a Jones regional meeting? How about AIM?  How about Franklin prior to them becoming preferred?

Contests are six months long not a year and they are gross production driven in different categories. 

That's nice that Jones has so many revenue sharing agreements in place.  Do all vendors make annual payments to Jones for assets on the books?  Answer is no.  Only the preferred ones do.  Also the P&L credit that increases the IR's bonus is based upon preferred family revenue sharing only.   80 million per year is the largest revenue sharing as a percentage of total revenues of any firm in the industry.

I'm taking off...have a good 4 day weekend.   

Zacko, you’d be surprised how little the vendors pay towards the trip. Very little I have seen the numbers. Have a great Thanksgiving!

I would like to take the occasion of Thanksgiving to thank Guest 1,Big Pay Day, Player and Zacko. I come to this board daily and watch the banter. GOOD STUFF. Very entertaining.  It is very similar to listen to my buddies drink beer and debate who is the greatest quarterback of all time Elway or Montana. (personally I love Marino however I realize he is not the greatest due to no rings, but I digress) I speak in my opinion knowledgeably about Jones and life away from Jones as I recently left. Simply put Jones is a great firm and on some levels I still defend them. However, they do not have the platforms and products available that others do and this is a fact. What is also a reality is that what they do offer is sufficient for many clients if the representative is sharp. I am being literal to all of you I think it is funny, cost efficient entertainment so I hope all parties stay engaged in the debate. I have to also say I think Zacko has very sharp insight to the forum. Happy Thanksgiving.

Zacko- Your comment about P&L credit is very outdated, you might want to check it out. Have  a great Thanksgiving!

[quote=Guest1]Sorry Sniper, but we have a revenue sharing agreement with over 25 fund families, not just the "preferred" families. Last I looked, Capital Guardian was getting the majority of EVERYONES money, not just Jones. Don't know anything about " year long contests" or special treatments by using the "preferreds" matter of fact, you don't know about any of that either. but, it did read well![/quote]

If they have over 25 agreements, why does Jones only list their rev sharing agreements for the preferred 8 on their website?

[quote=Guest1]Sorry Sniper, but we have a revenue sharing agreement with over 25 fund families, not just the "preferred" families. Last I looked, Capital Guardian was getting the majority of EVERYONES money, not just Jones. Don't know anything about " year long contests" or special treatments by using the "preferreds" matter of fact, you don't know about any of that either. but, it did read well![/quote]

Do answer Ex-drone's question about why only eight firms were listed. If you have some evidence that Capital Guardian is taking the same percentage from every firm as they are at Jones, provide it. And yes, contests for trips, and a special status given towards production done with the "preferred families".

[quote=zacko]

Contests are six months long not a year and they are gross production driven in different categories. 

[/quote]

Thanks for the update. "Sales contests" just aren't things that clean, professional organizations conduct.

MB,



You’ll be happy to know that EJ doesn’t have a diversification contest anymore. It is called a diversification program. There, is that better?



BPD

Ex, Jones only list the preferred because that is where the percentages are. Look at Merrill, SSB or any other relevent firm, they only list the top contributors. They ALL have over 20+ agreements.

Mike, grow up! Jones offered "special" contest points for a total of 3 months. Big mistake, they saw that and dropped it. 3 months out of 20 years is pretty trivial. Are you previous Jones? Qualify for any trips?

[quote=Guest1]Zacko, you'd be surprised how little the vendors pay towards the trip. Very little I have seen the numbers. Have a great Thanksgiving![/quote]

Guest1

Then what happens to the excess commissions you don't see?

Ask anyone that has left Jones, it's not just that the (90 to 95%)payouts are higher, but the actual commission is higher...........and were does that go........to GPs'S

You are very naive, according to your postings....................Check out the FACTS

[quote=BigPayDay]MB,

You'll be happy to know that EJ doesn't have a diversification contest anymore. It is called a diversification program. There, is that better?

BPD[/quote]

Aside from changing the event's name, was anything else done? Are there still trips for those that complete the "program"? Does completion of the "program" affect reps' income?

Nothing wrong with winnings trips...but don't try to call it something else.  Diversification Program?

Well, I put 100k in C shares for the day and a 70k VA so Im outta here. 

Zack,

You may not be staying at the Westport but if you keep screwing your clients with C shares then THEY will be.

Oracle,

You are clueless.  Your comment shows it.  6% of net amount invested in full A share is nearly a 7 year breakeven with a C share as far as fees.  I actually take a pay cut for quite some time when I use C shares.  Reason I use C shares is two fold.  One: it allows us multi-family flexibility if we need to change funds and move to another family.  I know at Jones, moving to another A share would be your choice.  How can you think rationally when you have different payouts on A vs C?  You have trained yourself to think that A is better--when indeed they are not in many cases.

Secondly, as an advisor--I am being paid annually for the advice and service me and my office staff provide.  My responsibility (or liability)doesn't end--it begins with an investment purchase--as should my compensation. 

I still use A shares for larger breakpoints.  I have a choice--you don't.  So, it is you who is not doing right by your client.  I don't blame you however--it's the way you have been trained.

[quote=zacko]

Oracle,

I still use A shares for larger breakpoints.  I have a choice--you don't.  So, it is you who is not doing right by your client.  I don't blame you however--it's the way you have been trained.

[/quote]

Zacko is being very gracious in calling you trained, I think brainwashed definitely applies here.  And that signature of yours, wow.  I think we've got a real thinker here.

A Jones "IR" is often so conditioned that to what Jones preaches as being gospel.  They are trained to see Jones as the "Answer" and most other firms as less than ethical.  What a shame to not have an orginal thought.

Multi family flexibility would have been a nice benefit to the EDJ
Putnam and Goldman clients when they blew up—if they would have had C
shares.  These train wrecks didn’t bother my local Jones wizard
though, he just had his clients pay another “A” share load when he
churned them to another “preferred” fund family member. 



Oracle, btw, “A” share expenses for many of Hartford and Goldman funds
(my local EJ/IR’s favorites)are 1.41 to 1.45/year (Hartford-advisor,
cap app, div/gro: & Goldman-aggr grw, grw opp1.41-1.52/yr).
vs.  “C” share American funds-(am bal, wm, amf 1.40-1.45). 
So why pay any load to go with Goldman or Hartford when you can buy an
American Fund C share instead?  Oh yeah, I forgot, you get an
upfront commiss for the A share, don’t you?  Qualify for a special
trip, er “program”?



Oracle, as long as EDJ is selling pricey fund families like Hartford
and Goldman with A share expenses in the 140-150 bs pts range, bashing
Zacko for a C share ticket-well, it certainly proves you’ve picked the
wrong name for this forum. 

Cerb,



You will be dissapointed to know that the American Fd C share converts to an R share after 10 years. 12b1 goes from 1.00 to .25. Why is it that if C shares are so good for the client that they will not allow you to put in more than $500k?



When does a $100k order in C shares start to cost more than $100k in A shares?



Speaking of Goldmann, They along with Lord Abbett were just added to the EJ managed money platform.



What great firm are you affiliated with Cerb?



BPD