[quote=blarmston]met a guy today who is moving 380k from edward jones..... Its probably the largest account firmwide... He may even get a call from the top to persuade him to stay[/quote]

Now, that's funny!!

Isn’t it amazing that a perfectly decent conversation deteriorates when Bill comes into the picture, ranting, raving and calling names.   That kool-aid is GREEN Bill, and it sure does get you riled. 

[quote=compliancejerk]

[quote=Bill Fakkland]I don't play either card, dickwad. I speak only for myself and what I know. Reports mislead in many directions. I will admit, however, to being a moron. But, as my Father always said, it's better to be a moron than a dickwad. Or was it the other way around. [/quote]

I've said it before and I'll say it again, Bill you are one funny guy!

I see the GP'anese classes are finally paying off. Your use and grasp of the language would make any gp proud.  Have you seen your email, I mean wire to Mr. Hill congratulating him on his "early" retirement from his managing partner position?

[/quote]

compliancejerk

The last guy to say something like that was Doug "3 Mil" Hill Mr Bill F-upped's Idol and he had to pay 3 million to stay out of jail..............

Wasn't Bill F-up the one defending selling 80 year olds 30 year bonds?   They don't even buy green bannas.......so why not take advanatage of them, yes Doug "3 Mil" Hill would be very proud

Roger that Player it was him.  But remember, he doesn't play either card, just his own.

csmelnix…I give you the second place award for the most inarticulate poster on the board! Before you run to find your dictionary, that means you are a really bad writer. Player, of course, wins the award for the poster most likely to be seen on America’s  most wanted. His ramblings and ranting conjure up the image of a young Charles Manson cutting and pasting ransom letters for kidnap victims. I would be very afraid of being Player’s client. His wild-eyed appearance, sitting in his office in camoflage clothing would be my first warning sign. Csmel, on the hand, is just a dumb guy who can’t write or spell. Hopefully he can find work as a politician someday.

[quote=Bill Fakkland]csmelnix...I give you the second place award for the most inarticulate poster on the board! Before you run to find your dictionary, that means you are a really bad writer. Player, of course, wins the award for the poster most likely to be seen on America's  most wanted. His ramblings and ranting conjure up the image of a young Charles Manson cutting and pasting ransom letters for kidnap victims. I would be very afraid of being Player's client. His wild-eyed appearance, sitting in his office in camoflage clothing would be my first warning sign. Csmel, on the hand, is just a dumb guy who can't write or spell. Hopefully he can find work as a politician someday. [/quote]

This comment from the guy that uses dickwad and moron in his post ......  what a jokester.

Does anyone know of someone who was with EDJ but is no longer and lives in Southern Illinois?  Rep, BOA does not matter.  Please PM me if you do.  Thanks fellas.

An Oh btw the Bill F you are just all goofy .  You be drinkin too much of that Jones Juice.  Let me tell ya' somethin' boy...the GPs have been peein' in y'alls' jug!

dickwad - thanks for proving my point....You are a former professor; an overeducated know it all; registered democrat, and have nothing of substance to counter the real issue raised.  Going in on my response to you earlier chuckling as I misspelled a few words knowing full well your response would be just that.  YOU ARE A TOOLE!!!!!

Opine that for a bit Professor. 

[quote=Lance Legstrong]

An Oh btw the Bill F you are just all goofy .  You be drinkin too much of that Jones Juice.  [/quote]

Hey, it might not be "jones juice" that's getting to him. It coud be fumes from the dry cleaner next door to his office.

Oh… I see. You spelled words wrong on purpose. I never thought of that obvious possibility. Do you dribble soup on your polyester tie on purpose too? You know, the one that comes down to about button 3 on account of your gut. I think we all know who the funniest guy on this forum is. I wish Edward Jones would tighten up their hiring practices so that uneducated folk like csmell don’t flunk out, join a firm with lower standards, and ultimately infect this forum with not only bad spelling and grammar, but an overall disease of extreme dullness.

Bill,

I bet your the kind of guy that gets out of the shower to piss. 

BTW it's hard to join a firm with lower standards than Jones.  Stay comfortable in their box...

Go back and read some of your old comments that counter anti-jones arguments.  You play the same card over and over again.  You hit on somebody for their misspellings and their intelligence.  Like I said before you and BPD counter the same way over and over again.  Not surprising considering you come from the well trained IR world of EDWARD JONES (as I genuflect).  There is no other firm that is more of a laughing stock than that of the one you're with.  Maybe that's the reason the report that began this thread and that you failed to ever counter, came out the way it did. 

[quote=Bill Fakkland]Oh... I see. You spelled words wrong on purpose. I never thought of that obvious possibility. Do you dribble soup on your polyester tie on purpose too? You know, the one that comes down to about button 3 on account of your gut. I think we all know who the funniest guy on this forum is. I wish Edward Jones would tighten up their hiring practices so that uneducated folk like csmell don't flunk out, join a firm with lower standards, and ultimately infect this forum with not only bad spelling and grammar, but an overall disease of extreme dullness.[/quote]

My god you're so ridiculuous you're a caricature of a real professional.

Do you wear short sleeved shirts under your suits?

I’m shocked that we were picked dead last. I went home and told my wife and kids the sad news. Everyone was crying. Even little tiny Tim was sobbing until the dog knocked his crutches out from under him and everyone had a good laugh. I really don’t know where to turn. Our business model doesn’t make sense. I guess it would be better if we at Jones left our senseless branches next to the Dental clinic, boarded a bus for New Jersey and jammed ourselves into a room full of really nice greyish cubicles. THAT would be fun. Then I could hear Ricky Roma next door selling the next great investment banking product to Mrs Delores Kawicki of Great Neck, New York. I now realize that making 3-4 hundred grand a year, driving to my own office where no one bothers me but my hyperactive BOA’s, leaving at 4 pm. every day to watch my kids play sports or coach baseball is really a pathetic, horrible way to live.





Bill…I thought what you wrote was hillarious…Sounds like you have worked hard and are enjoying the fruits of your work. I love the ability to spend time w/family in a town I grew up in.

Now to address the I am stupid, flunk out of jones and join a firm with lower standards:  let's see.

Bill you work for a firm that:

limits/restricts all product offerings to 8 fund families, 6-7 VAs, in house bonds etc.  Forces you to do insurance business through them and double dips on your commission.  You can't align yourself with a CPA, attorney or financial institution to add revenue sources to your, I mean, Jones business.  You have to give up your ability to manage your (Jones') clients assets if you wish to utilize Jones' trust services.  You spend countless years building up a business that at the end of the day belongs to Jones instead of you.  You work under a model that provides no exit strategy for you.  You are unable to provide tax or estate planning advice/guidance.  You lack the ability to provide your clients with comprehensive financial planning.  You have zero ability to provide fee based planning or an advisory fee arrangement, you can not annuitize your practice.  Jones prohibits IRs from dealing in any type of alternative investments, hedge funds, managed futures, options, limited partnerships etc., under the guise that they are "risky" AKA they don't trust their IRs to do what is right and lack the ability to properly police them.  The only way to grow under jones' model is to constantly add more and more accounts, which prevents you as an IR from properly servicing clients and providing the guidance they deserve.    Jones owns your business you don't, they own your clients, you don't.  You have some of the most ancient technology on the street. Still, they at Edward Jones feel that they deserve to take at least $.60 of every dollar you earn.  You still pay an enormous premium for health insurance, pay for your phones, 1/2 your postage and marketing costs, the national marketing, and any bonus you may give to your BOA.  Jones is a great strategic partner aren't they?

I left jones to join one of the most respected independent firms on Wall St., I am a 100% owner of my business.  My b/d believes in an open architecture platform where they add more products and platforms to the shelves instead of limiting them.  This gives me much greater control to build a business model that I want to pursue.  I can do insurance business internally or via direct appointment and by the way, I keep 100% of that target premium.  I can charge a fee to provide financial planning, I have several fee based platforms I can utilize, I maintain the management of my clients accounts if I chose to use my b/d's trust services.  I have complete control over my exit strategy.  I control my overhead which allows me to control my net and this allows me to decide how I grow my business, what type of client I want to work with and avoid the need to take all comers and continuously open more and more accounts in order to grow.  I also have the ability to align myself with a CPA or attorney, even a financial institution if I so desire.  My b/d also allows me to utilize option strategies, alternative investments like 1031s, REITs, limited partnerships, fund of hedge funds, managed futures and more - they actually have the ability to supervise that type of business and have the confidence in the advisors knowledge and ability.  My b/d is known for having some of the best if not the best technology in the industry.  And the best part, it only costs me $.10 on the dollar. 

Yes, I am very stupid compared to you as evidenced by my choice.

How about my failure at Jones?  I left just after selling there for 5 years, during which I gathered about 379 house hold accounts and had a bit over $28,000,000 in AUM.  I decided I wanted to control my own destiny and business due to a number of events while at Jones.  During my due diligence, I identified 150 (roughly) house holds that I wanted to bring, of which 141 came with me.  I have been indy now for 3 years, I have now 184 house hold accounts and $42,000,000 in AUM.  I grossed $470k this past year and was able to NET - a language you can't understand at jones, .68% of that.  My practice is close to being 93% annuitized or recurring revenue.  That is velocity per client you will never see at jones. Every house hold gets a comprehensive financial plan built for them, sometimes I charge a fee for it, most times I do not.  Every client account receives a detailed financial policy statement that covers their objectives and goals, and risk tolerances.  It details what investments can not be used, what their accounts will be measured by, that is, what risk adjusted rate of return formula is used and why, what benchmarks are used to compare and why, what the asset allocation parameters are and the rules for which rebalancing or a trade is to be affected.  They are told how this particular account fits into their overall financial plan. 

You see dickwad - this is why I left jones, because I failed there, I failed to deliver the service my clients deserved because of the restrictions jones placed on me.  Boy, I guess I am stupid.

csmelnix....

[quote=Bill Fakkland]Oh... I see. You spelled words wrong on purpose. I never thought of that obvious possibility. Do you dribble soup on your polyester tie on purpose too? You know, the one that comes down to about button 3 on account of your gut. I think we all know who the funniest guy on this forum is. I wish Edward Jones would tighten up their hiring practices so that uneducated folk like csmell don't flunk out, join a firm with lower standards, and ultimately infect this forum with not only bad spelling and grammar, but an overall disease of extreme dullness.[/quote]

bf,

you are such a "card". I love the way you describe your KYC classmates above. Lower standards than your firm, again with the jokes.  I throughly enjoyed how you were able to use dickwad and moron in a previous post.  It really shows what standards you wsh your firm would improve on.

What a way to start the week…csmell vomiting his entire sorry career all over the place in a fit of insecurity and compliance dude not being funny. I need coffee.

[quote=Bill Fakkland] I wish Edward Jones would tighten up their hiring practices so that uneducated folk like csmell don't flunk out, join a firm with lower standards, and ultimately infect this forum with not only bad spelling and grammar, but an overall disease of extreme dullness.[/quote]

That extreme dullness seems to keep you pretty engaged.

[quote=Bill Fakkland]What a way to start the week...csmell vomiting his entire sorry career all over the place in a fit of insecurity and compliance dude not being funny. I need coffee. [/quote]

Would it help if they used shorter words so that you could understand what they were saying?

[quote=Bill Fakkland]What a way to start the week...csmell vomiting his entire sorry career all over the place in a fit of insecurity and compliance dude not being funny. I need coffee. [/quote]

Compliancejerk called you "BF" and I think THAT'S pretty funny.