[quote=Bill Fakkland]Malcolm, you have said a lot of really dumb things before, but this one beats all. 3000 clients with no trails? How about 30,000,000 in MFs at year 4 with a LOT of trails and 567 clients, give or take. When I have "3000" clients, I'll be fine. Unless I jump from firm to firm like Liz taylor jumps husbands.[/quote]

The first thing you find out after going indy is how much you were screwed and lied to by EJ.  I was told that the MF co's kept .75% of the sales charge off the top. The rest was paid to Jones and I got a 40% payout on that.   AmFunds A-shares are 5.75% max. Jones gets 5% and you get a 40% payout.  Did I do the math right?

Then, I go indy and the MF company isn't taking the .75%.  I get the whole thing.  At Jones, you really get screwed at the 100K breakpoint.  Load is 3.5% and you get 40% of 2.75%.

Bill, check out how much you were screwed.  .75% times $30,000,000.  You could buy a nice house with that

Ellie, the sad truth is that I’m really not being screwed frequently enough. Thats not your fault, though. I think you may be forgetting the bonus, though…mine is going to be about a months net/net commissions here in April. That is substantial. I may buy a playhouse for my daughter and a new barbecue, and maybe a deck of smokes.

[quote=compliancejerk]

bpd,

you’re right they never lied.

So could you please explain why

1) your firm agreed to a $75 million dollar settlement

2) your managing partner returned $3 million from his last year’s compensation

3) your managing partner agreed to step down in the same settlement

I would like to answer your question, but can’t.  It may compromise my identity, do damage to a broker or two still at Jones, and stir up a bunch of ugliness that I just don’t want to start.  I’ll leave it at that.  I would love to give you name, day, setting, and context of what was said, but can’t with the the lawsuit in California still pending.

Another 65 gross month for me.....No fancy bonus brackets or varying payouts depending upon share class or firm policy.

53k net less my office expenses of about 10k.  So, 43 net pretax.  That's kinda like getting one of those fancy bonus checks too...but I wonder why they keep sending me one of those every month?  Go figure?

So, please don't tell anyone as it might be a mistake!

I just checked....

It's actually not a mistake! 

I actually keep about 80% of my commissions instead of 38%.  No "bonus" check though....oh well. Can't win em all.

[quote=zacko]

I just checked....

It's actually not a mistake! 

I actually keep about 80% of my commissions instead of 38%.  No "bonus" check though....oh well. Can't win em all.

[/quote]

No bonus?  Awwww.....that sucks!  Man I feel for ya.    

Are you crying all the way to the bank?

[quote=Bill Fakkland]Ellie, the sad truth is that I'm really not being screwed frequently enough. Thats not your fault, though. I think you may be forgetting the bonus, though...mine is going to be about a months net/net commissions here in April. That is substantial. I may buy a playhouse for my daughter and a new barbecue, and maybe a deck of smokes. [/quote]

That's great man.  You 'jes keep sellin' them three preferred funds, kay?

Sooth, how convienient

[quote=Guest1]Sooth, how convienient[/quote]

Sorry, but it's just not worth it to put people's livelihoods and careers at risk over some silly, bullsh*t ego battle. 

[quote=Soothsayer]

[quote=Guest1]Sooth, how convienient[/quote]

Sorry, but it's just not worth it to put people's livelihoods and careers at risk over some silly, bullsh*t ego battle. 

[/quote]

Stand your ground Sooth....smart man!  Don't take the bait.

Bait?? Sooth just found a way to say whatever the heck he wants and doesn't have to prove it. I call that convienient

I would like to answer your question, but can’t. It may compromise my identity, do damage to a broker or two still at Jones, and stir up a bunch of ugliness that I just don’t want to start. I’ll leave it at that. I would love to give you name, day, setting, and context of what was said, but can’t with the the lawsuit in California still pending.

And, I will answer you one final time…The incident I am speaking of is so freaking real and specific, that if I mentioned who said it, what he/she said, and when they said it, it would be obvious to anyone who was present, and they would recall the incident as well.  Then, throught the power of transitive logic, they could figure out who all heard what was said, and then figure out who is no longer working at Jones.  Got it?  Have a nice life!

BPD, Soothsayer has been quite clear that he cannot answer your questions without compromising other individuals.  He has taken an honorable postition.

Why do you persist in calling him a liar?  Is everyone with whom you disagree a liar?

If your attitude is a representative sample of the firm you represent, I must say it's pretty sorry.

Starka--

Thanks for understanding and "getting it."  If what I'm speaking of is that dangerous, believe me it's real.

[quote=Starka]

BPD, Soothsayer has been quite clear that he cannot answer your questions without compromising other individuals. He has taken an honorable postition.

Why do you persist in calling him a liar? Is everyone with whom you disagree a liar?

If your attitude is a representative sample of the firm you represent, I must say it’s pretty sorry.

Most recently, your post of April 30 2005 at 1:21am.

Sooth, you stated that Jones was called on something in the PRESS and said it was a lie. By stating what the "lie" was how are you compromising someone? If Jones publically stated it was a lie, who are you exposing?

Starka, sorry I missed where BPD called him a liar. I won't go that far but it is pretty chicksh*t to say something like that and then plead the fifth.

I have a reliable source that says 80% of Sooths business is in B share annuities. BUT, I can't reveal my source 'cause someone might get hurt.

Get it! Stupid tactics that make this board so fun to read.

Yes, I’ve noticed that you Jones people have trouble with reading comprehension.