EJ wins JD Power Cust Sat Award
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[quote=Player]
HEY CLONES AND DRONES........Your Number one rated Firm has still not told your clients the "TRUTH" , about their "FINES".......
But after all your CLIENTS don't or can't read the WSJ, according to Bill 3 Mil Hill, soon to be X-MGP at the FIRM, WOW does that fit............
I am amazed some one from Edward Jones would brag about this JD POWER AWARD..........WHAT A JOKE TO THE INVESTMENT COMMUNITY.....BUT WHAT DOES THAT SAY ABOUT JD POWER & ASSOC When they did the survey did they ask?
Are you aware about the FINES levied on Edward Jones for not Disclosing all of their fees they charged to you their loyal client ?
I WONDER WHAT THE RATING WOULD BE THEN ? 0
[/quote]
Player,
Jones was not the only firm doing revenue sharing.
Revenue Sharing is not illegal.
Jones got into trouble because of the lack of disclosure of the revenue sharing.
If revenue sharing were taken away it would impact the indys (the firms not the reps) very much because they are working on a very thin profit margin.
If revenue sharing is taken away then there will be a bigger move toward fee based and the regulators know this. In the end it would end up being more expensive for an investor if revenue sharing were taken away.
Do you have a civil comment in regard to these questions? ...or just more Jones bashing?
[quote=Oracle]
PP,
So what's your product mix?
BPD
[/quote]
So who are you, Oracle or BPD? Or are you the same person?
AnotherView,
For the record, I called the indy firm that I use to ask about kickbacks (revenue sharing), and was told that unequivocally, there were NO revenue sharing arrangements here. The only consideration given to the firm is that many funds give the brokers reduced or waived ticket charges.
For what it's worth.
ANOTHERVIEW STATED:
Player, ANOTHERVIEW, HERE IS MY ANSWERS
Jones was not the only firm doing revenue sharing. SO DOES THAT MAKE IT RIGHT ?
Revenue Sharing is not illegal. SO, THE SEC IS WRONG AND JONES IS RIGHT, AND JONES SHOULD NOT HAVE BEEN FINED, THEN WHY WAS JONES FINED ?
Jones got into trouble because of the lack of disclosure of the revenue sharing. TRUE, MANY OTHER FIRMS HAVE HAD FULL DISCLOSURE FOR YEARS, JONES STILL DOESN'T?
If revenue sharing were taken away it would impact the indys (the firms not the reps) very much because they are working on a very thin profit margin. REALLY, AND WHAT FIRM'S ARE YOU TALKING ABOUT? MANY INDY FIRMS DO NOT HAVE REVENUE SHARING, NOR HAVE THEY EVER....JONES ON THE OTHER HAND FOR YEARS HAS BEEN SQUZZING THE LIFE OUT OF FIRMS FOR REVENUE SHARING...THERE ARE MANY FIRMS THAT HAVE REFUSED DOING BUSINESS WITH JONES BECAUSE OF THIS
If revenue sharing is taken away then there will be a bigger move toward fee based and the regulators know this. In the end it would end up being more expensive for an investor if revenue sharing were taken away. YOU HAVE FUNNY MATH, IN OUR FEE BASED BUSINESS, USING PRODUCTS FOREIGN TO JONES, THE COST IS ACTUALLY LESS TO THE INVESTOR, THAN THE OLD JONES METHOD...YOU NEEED TO CHECKOUT WHAT IS OUT THERE BEFORE YOU MAKE THIS KND OF STATEMENT....YOU HAVE BEEN BRAINED WASHED....THERE ARE OTHER WAYS TO DO BUSINESS THAN THE JONES WAY
Do you have a civil comment in regard to these questions? ...or just more Jones bashing? NO,I JUST STATED THE FACTS, HOW ABOUT YOU DOING THE SAME, NOW PLEASE ANSWER THESE QUESTIONS, AND THE "WORLD" CAN SEE WHO DOES AND DOES NOT ANSWER A STRAIGHT QUESTION?
1) IF jONES DID NOT WRONG WHY THE 75 MILLION DOLLAR FINE?
2) WHY DID DOUG HILL, EDWARD JONES MANAGING GENERAL PARTNER PERSONALL PAY "3" MILLION DOLLARS OR FACE FRAUD CHARGES IN MISSOURI, IF HE OR THE FIRM DID NO WRONG?
3) I PERSONALLY AM "PO'd" THAT THE GENERAL PARTENRS AT EDWARD JONES HAVE ALLOWED THIS ONCE GREAT FIRM TO BE ASSOCIATED WITH THIS "ACTIVITY", and now the cover-up from it's clients, and I DON'T UNDERSTAND HOW YOU CAN'T FEEL THE SAME WAY?
4) I am disappointed that Edward Jones has become the laughing stock of the Finacial Services Industry, and that IR's like you are in such DENIAL of what has happen to this once GREAT FIRM, PLEASE DEFEND WHAT HAS HAPPEN, TO YOUR CLIENTS, TO YOUR FIRM, TO YOUR PRIDE, IF IT IS HASN'T AFFECTED YOU, AND YOU ARE NOT AS PO'D AS ME YOU DO NOT DESERVE TO BE A JONES IR?
Let's hear your STRAIGHT ANSWERS with FACTS?
The most important piece of information in this thread is that we now know that BigPayDay and Oracle are the same person. So much for youf bullsh*t conspiracy theory about dual personalities on this board, you loser. Speak for yourself…or should I say “for the both of you.” PATHETIC!
[quote=AnotherView]
Philo,
What firm is that?
AV
[/quote]
Does it matter?
The point is that it invalidates your earlier post that the indy clearing firms will be hurt by an end to revenue sharing. At least one firm, and I suspect others for whom I cannot answer, show that your statement is in error.
Bench Warmer,
Jones settled because they thought it was in the best interest of our clients and our advisors. It is very difficult to fignt the U.S. Government in court or for that matter in the press. We did not admit or deny any wrong doing.
Doug Hill took the sword for the firm. I know you won’t believe this, but it is the truth. HE negotiated the settlement and as he said "There is no one person bigger than the firm."
As far as other firms not doing revenue sharing, take a look at the following:
http://www.americanfunds.com/pdf/mfgepb-905_gfab.pdf
see page 26.
Yes there are SEVERAL indy firms on the list including Ray Jay and LPL.
As far as Jones being a laughing stock, I doubt it. Maybe to you Jones Failures, but our greatest critic, our clients, in a survey done in Jan and Feb of this year ranked Edward Jones #1 in customer satisfaction. We don’t have to answer to the press or envious, jealous Jones failures like you. We serve our clients. Period.
Although we do not do Wrap Fees in lieu of commission, we do have a Fee Based Advisory program for HNW who are investing $500k or more. Most folks investing under $500k can invest less expensivly than a Fee Based pogram and usually aren’t in a high enough tax bracket where writing off the advisory fees helps their taxes.
A few months ago you, Lance Legs, & uwec something or other were saying Jones didn’t have enough capital to stay in business. Well guess what? We just had our best trimester in the firm’s history. We are in the 40% bonus bracket, almost as high as the heydays of the late '90s. Our limited Partnership, which as averaged 22% since 1990, is at an annualized rate through the first 4 months of over 20%. Over 1/2 of our IRs went on a diversification trip last contest period. Did I mention being the Lexus of the Financial Services industry with our highest Customer Satisfaction rating in JD Powers annual survey? Jones dumped $58million into our profit sharing plan last year. (How much of that goes towards GPs? Zero!) Should I go on?
It isn’t as bad as you Jones Bashers (i.e. Jones Failures) wish it was.
You need to get Jones out of your head. Move on. Life’s too short. You may want to seek professional help.
Big Pay Day
________________________________________
The Grass is GREENER where you water it!
Sooth,
I figured you would try and dodge my above post where I answered Bench Warmer’s questions.
Your diversion isn’t working.
Bench Warmer doesn’t have a leg to stand on.
BPD
[quote=BigPayDay]Bench Warmer,
BigPayDay, Here are your answers
Jones settled because they thought it was in the best interest of our clients and our advisors. It is very difficult to fignt the U.S. Government in court or for that matter in the press. We did not admit or deny any wrong doing. Are you say JONES DID NO WRONG, YES OR NO ! no "WEASEL" words..?
Doug Hill took the sword for the firm. I know you won't believe this, but it is the truth. HE negotiated the settlement and as he said "There is no one person bigger than the firm." "BS", HE KEPT IS BUTT OUT OF JAIL...FACT! You are living in FANTASY LAND, CALL THE ATTORNEY GENERAL IN MISSOURI, ASK DOUG HILL TO TELL HIM, THAT IN WRITING! CHECK OUT THE WSJ, I KNOW YOUR CLIENTS DON'T READ IT, BUT YOU NEED TO, IT'S BEEN REPORTED SEVERAL TIMES, GO READ IT!
As far as other firms not doing revenue sharing, take a look at the following: NOT ALL FIRMS REVENUE SHARE , YES OR NO? i SAY NO, WHAT YOU SAY?
http://www.americanfunds.com/pdf/mfgepb-905_gfab.pdf
see page 26.
Yes there are SEVERAL indy firms on the list including Ray Jay and LPL. BUT NOT ALL, ARE THERE ?
As far as Jones being a laughing stock, I doubt it. Maybe to you Jones Failures, but our greatest critic, our clients, in a survey done in Jan and Feb of this year ranked Edward Jones #1 in customer satisfaction. We don't have to answer to the press or envious, jealous Jones failures like you. We serve our clients. Period.
Actually I was very successful at Jones, a Partner, always made top bonus level, recruited, and trained for the FIRM, I got PO'd because the GP's would not fully disclose what was going on , and kept telling us that the "SEC" CHECKING US(JONES) OUT WAS NOTHING! THAT WAS NOT TRUE, WAS IT?
THE GREED OF THE GP'S FINALLY CAUGHT-UP WITH THEM AND THE FIRM, YES OR NO ?
lthough we do not do Wrap Fees in lieu of commission, we do have a Fee Based Advisory program for HNW who are investing $500k or more. Most folks investing under $500k can invest less expensivly than a Fee Based pogram and usually aren't in a high enough tax bracket where writing off the advisory fees helps their taxes. YOU NEED EDUCATION, AND FACTS IN THIS AREA, CHECK IT OUT...THERE IS A REAL WORLD OUT THERE FOR YOU AND YOUR CLIENTS TO DISCOVER, like full discloser, of FEES & CHARGES, and JONES is not close to the lowest!
A few months ago you, Lance Legs, & uwec something or other were saying Jones didn't have enough capital to stay in business. Well guess what? We just had our best trimester in the firm's history. We are in the 40% bonus bracket, almost as high as the heydays of the late '90s. Our limited Partnership, which as averaged 22% since 1990, is at an annualized rate through the first 4 months of over 20%. Over 1/2 of our IRs went on a diversification trip last contest period. Did I mention being the Lexus of the Financial Services industry with our highest Customer Satisfaction rating in JD Powers annual survey? Jones dumped $58million into our profit sharing plan last year. (How much of that goes towards GPs? Zero!) Should I go on?
Get your Facts straight:
1) PLAYER never said such a thing as Jones had a Financial Problem, California could change that? DO NOT PUT MY NAME WITH THOSE OTHERS
2) JD Power award never asked those clients "How would you feel if Edward Jones got fined for 75 Million Dollars by the SEC, but didn't feel their clients were important enough to tell them about it ?
What do you think the rating would be then?
3) Your Ir's going on Trips, they pay taxes on, revenue they produced and they live off 38%, so getting back part of the 62% you left on the table is not really too smart is it ? There is no FREE LUNCH or TRIPS, even at EDWARD JONES?
It isn't as bad as you Jones Bashers (i.e. Jones Failures) wish it was.
I LEFT WHAT IS YOUR EXCUSE? How can you stand your FIRM , not disclosing to your CLIENTS, what has happen...or can you justify anything...like Bill 3 Mil Hill the FRAUD JUMPER?
You need to get Jones out of your head. Move on. Life's too short. You may want to seek professional help.
BigPayDay, I have moved on but when I read Hippocrates like you touting how GREAT THE FIRM IS, when the FIRM has failed to be HONEST to their CLIENTS....I FEEL ASHAMED,for Ted & Edward Jones, they would be rolling over in their graves, wouldn't you?
I don't understand how you have put up with out demanding FULL DISCLOSURE for YOU & your clients, or DOESN'T THAT MATTER TO YOU?
ASK YOUR CLIENTS WHAT THEY THINK ABOUT IT, IF YOU HAVE THE GUTS?
I feel us x-jonsers care more about the integrity of the Firm's past, than you hanger on's, at least we could look our clients right in the eye and say we have explained everything they should know about our GREAT FIRM, can you really do that now?
Big Pay Day
________________________________________
The Grass is GREENER where you water it!
BigPayDay
[/quote]
Bench Warmer,
So you do what you do for Ted Jones. How special. Sounds like you have a warm heart.
You say you’ve moved on.
Dude get a grip. Jones has you by the neck and they are shaking you till you can’t breath…and then you wake up and ask your boyfriend to spoon you because you’re scared.
Out.
BigPayDay (Brainwashed),
At least I can answer questions, let's see what your answers are ?
Are you AFRAID of the TRUTH?
There has never been a JONES SUPPORTER on here yet that has answered QUESTIONS, they only fire back insults...is that how they are teaching salemanship at Edward Jones......
SHOW US WHAT YOU ARE MADE OF "PUNK" make my DAY....
Bench Warmer,
So you do what you do for Ted Jones. How special. Sounds like you have a warm heart.
You say you’ve moved on.
Dude get a grip. Jones has you by the neck and they are shaking you till you can’t breath…and then you wake up and ask your boyfriend to spoon you because you’re scared.
Out.
Bench Warmer,
So you do what you do for Ted Jones. How special. Sounds like you have a warm heart.
You say you’ve moved on.
Dude get a grip. Jones has you by the neck and they are shaking you till you can’t breath…and then you wake up and ask your boyfriend to spoon you because you’re scared.
Out.
BPD
Bench Warmer,
So you do what you do for Ted Jones. How special. Sounds like you have a warm heart.
You say you’ve moved on.
Dude get a grip. Jones has you by the neck and they are shaking you till you can’t breath…and then you wake up and ask your boyfriend to spoon you because you’re scared.
Out.
BPD
[quote=BigPayDay]Sooth,
I figured you would try and dodge my above post where I answered Bench Warmer's questions.
Your diversion isn't working.
Bench Warmer doesn't have a leg to stand on.
BPD[/quote]
Dude--
I'm not dodging anything. Player is obviously some kind of infected screwball. Why are you dodging the fact that apparently you post under two different screen names? ANSWER THE QUESTION!
Sooth,
Appreciate the infected screwball comment.
No I only use one screen name, BPD.
BPD
[quote=Oracle]
PP,
So what's your product mix?
BPD
[/quote]
So, then why is this post by Oracle signed as BPD?