It has been a year since I have looked at this site and the children are still at it.  Including Player (he never meet an Emoticon he didn't use) and (never told a lie he wouldn't defend until the end).

Yo Player, how is that fuzzy math, you tool.

[quote=Devoted SA]

Player, yes it's true New IR's are encouraged by mentors, DL's, TL's, regional leaders and senior vets to "churn & burn" assets taken over in an existing ofc. My RR and I took over an existing ofc in '99 with about $3 mil in assets and were told to "hit the phone and start dialing for dollars" (which was their loose translation for meet all your existing clients, and introduce yourself as their new rep).

Thankfully seven years later, we escaped the Jonestown compound and are living and working INDEPENDANTLY!

[/quote]

Maybe you don't have time to learn spelling, but independently is spelled this way. How is meeting existing clients and introducing yourself as the new rep "churning & burning"???

How is meeting existing clients and introducing yourself as the new rep "churning & burning"???

Its not. 

But unfortunately that isn't what usually happens when an IR jumps from the mother ship. What IS churning and burning is when the replacement IR and the transitional guy in StL calls the clients and badgers them into selling perfectly good investments for no good reason other than to make money for the new guys.  What is also unethical is to tell lies and spread innuendos about the outgoing IR. Casting doubt on the honesty, integrity and credibility so they can make movements in the portfolios.

If you don't think this is S.O.P., you have your head where the sun don't shine.   I wasn't gone from my office for less than a few hours when they started calling.  I had clients calling me at my home complaining about the aggressive phone calls and begging to transfer out of Jones just so they would leave them alone.  They actually did me a big favor by being so patently greedy.

Babbling- I don’t have any personal experience to judge on as you do. I certainly take at face value the validity of your experience. I do think that with a TR that could happen but with a replacement IR one would hope that they are trying to build a business not twist and churn client’s accounts.

noggin,

I was a TL in FS. Whatever babbling looney, zaco, lance, iluminati has stated I've witnessed. TR's get a piece of the action until the new IR comes in.....you figure it out

Compliancejerk & Babbling- Thanks for your inputs. I appreciate it.

It absolutely amazes me when somebody leaves a firm and is supprised by the tactics the firm takes to keep its clients.  When you work for a corporation/firm they own the rights to your sweat and effort.  Just ask Stan Lee why his royalty checks for creating Spiderman have totaled $0. 

We all sign the non-compete agreement, and then go against it in the first 30 seconds after you get out the door.  If you wonder why your firm calls you a liar and untrustworthy, it's because in their eyes you are.

I'm not calling you a liar or untrustworthy, but please don't cry about it when your firm does.  It's just the natural course from your choice.  They are just trying to keep their clients they paid you all of those commission checks to get.

PS. I haven't had any Kool-aid this weekend.  So don't blame this post on it.  My fresh batch of Kool-aid is sitting in the fridge wainting for Monday morning.

I'm not calling you a liar or untrustworthy, but please don't cry about it when your firm does.  It's just the natural course from your choice.  They are just trying to keep their clients they paid you all of those commission checks to get.

Bull pucky. Of course you are calling me a liar and untrustworthy.  I don't care.  How does that justify churning and burning in client's accounts just because I got fed up with the lies and manipulation of Edward Jones and left for greener $$$$$ pastures?  It doesn't.  Whatever you think of the leaving reps, there is no justification for treating the clients in the unscrupulous way that Jones does when the IRs leave. 

By the way you should let that Kool-aid warm up before your weekly enema.

[quote=babbling looney]By the way you should let that Kool-aid warm up before your weekly enema.[/quote]

 ...if only KAL realized how silly he/she sounded...

I drink my Kool-aid the normal way, I don’t think it would have the same effect going in through out door…Buuurrrp!

[quote=babbling looney]

What is also unethical is to tell lies and spread innuendos about the outgoing IR. Casting doubt on the honesty, integrity and credibility so they can make movements in the portfolios.

If you don’t think this is S.O.P., you have your head where the sun don’t shine. I wasn’t gone from my office for less than a few hours when they started calling.

How do the clones justify settling with Maine but saying Calif has no case beacuse the federal settlement covers the individual states? They should fire their attny’s and have the best salesforce in the world make their case to the courts in California.

It’s about the dollars moron. Maine settled for $250k. You’d spend more than that defending it in court. Eliott Spitzer wannabe in Calif wanted in the neighborhood of $40 Mil. Extortion. Judge saw it for what it was and threw it out. That’s why they defended it. Keep wasting your time whining about jones instead of building your business. The new jones guy knocking in your neighborhood appreciates it.

Hulk,

How long have you been in the business 1 or 2 years.  From your zealous love for mother Jones I would guess 18mos... Am I close???  I could care less what happens in CA, unless of course it exposes more of the hypocrisy at the cult of Jones.  I think the damage to Jones has been done.  I predict that in 5 years Jones will have about 20preferred fund families with lower rev sharing payments that reflect the diluted influence jones has over the ir's.  You already have non-pref'ds at regional mtgs and a disclosure to hand out that makes you look like an idiot.  Keep doorknocking.  You'll be glad you did in 5 more years when you pull you head out and leave.

IH are you getting your material from funny man bill fakland? The reason I ask is because you really are funny because I actually think you beileve what you post.

There is a big difference as to what's said by the TR "team" in stl and what the tr says out in the field. Were you ever out in the field as a TR?  How big of a book were you given for doing a good job in stl? the way everything is run at your "regional firm" there you'd think you're working at a financial MacDonald's or Wal-Mart, sure they've served billions but try to live 24/7 on micky d food and look what happens to you (there was some film done about that).  Sure Wal-Mart is good for a wide selection of items, but what happens when you wish to buy a cd put out by Deutsche Grammophon or a Hapsel suit you have to pay a little more for better quality.

As for drinking, some rl's are able to put it back and then there are some that seem as if that's all they do, so yes it is possible.  Still have seen proof of case being thrown out by Judge McMaster - FYI do your research on him and you'll see that a number of attempts have been made to have him removed from the bench (by both sides of the "floor") and as this "Spitzer wannabe" is like a dog with a bone, you may wish to wait for his appeal.

exdrone is correct - the shine is off your firm. ej is no worse than the rest, and it definately is NOT any better either and that's what this really about.  time for your firm to stop that part of the kool-aid plan.

Anyone see the Reg Rep cover story about ole EJ?  It’s available on this very site.

[quote=noggin][quote=Devoted SA]

Player, yes it's true New IR's are encouraged by mentors, DL's, TL's, regional leaders and senior vets to "churn & burn" assets taken over in an existing ofc. My RR and I took over an existing ofc in '99 with about $3 mil in assets and were told to "hit the phone and start dialing for dollars" (which was their loose translation for meet all your existing clients, and introduce yourself as their new rep).

Thankfully seven years later, we escaped the Jonestown compound and are living and working INDEPENDANTLY!

[/quote]

Maybe you don't have time to learn spelling, but independently is spelled this way. How is meeting existing clients and introducing yourself as the new rep "churning & burning"???

[/quote]

Noggin....Yes it's true, I confess I've been busy, transferring assets from Jones to our new office.  If you listen closely you might hear the sniffling from the three worthless IRs they handed our assets to.

Don't you try to tell me there hasn't been a time EVER in your career with Jones you've been a few points short for a div-trip and you looked over every account, for every angle to make sure you qualify for the next trip. And don't tell me you haven't seen your fellow IRs, at one point in time do the same thing.

OH, BTW I'll "learn" to spell. You, on the other hand will still be living in the dark and running on that hampster wheel to make your measly 60% a month, while lining the pockets of the jeeps!

Nicole, sweetheart. Thanks for updating every single thread on this message board about the California deal. As you well know, we are all waiting on pins and needles for the final resolution to this matter. I have personally been consuming mason jars of Vodka in huge quantities due to incredible stress this looming judgement is placing on me, my family and my business. In fact, just a few minutes ago, I attempted suicide by ramming my head repeatedly with my computer monitor. It didn't work because of the soft, squishy nature of the screen and all I got was a mild headache, which was easily relieved by ingesting crack coccaine, which was provided to me by the Dentist next door. Yes, Nicole, we are all very worried and we wait eagerly for every bit of news that you so ably and consistently provide. I wish I could have had an excellent BOA like you who stands at the ready to inform and report, rather than actually doing work.

 Bill, you’re funny, even with the Kool-Aid addiction…

Keep on running on that hamster wheel Bill. You might get thrown a few pellets from the GP’s.

Oh, and another thing…you do know I don’t count as one of your 25 contacts for the day right?