Jones, interrupted
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[quote=Grosspayout]
Don't exactly know what to make of this but.....
There is a meeting next week in St. Louis where ideas will be presented on the future of the firm including:
1) Dual advisor offices
2) Licensed sales associates
3) Sales teams
4) How partnership is distributed --not necessarily based solely on profit?
Supposedly everything is on the table. The comment was made that Jones will look significantly different in the next 2-3 years.
Thing is just this short list is not earth shaking and could have been done at any time. I'm assuming Weddle is driving this. Maybe someone has seen the writing on the wall and convinced someone (Weddle?) that the firm can't continue as it has. It has to make changes or FAs are going to walk.
I have a suggestion--ENOUGH WITH THE SEGMENTS! THEY HAVE SERVED THEIR PURPOSE.
Talk is cheap. We'll see what, if anything, they come up with.
[/quote]
Do you know any of the results of this meeting?
Spamfilter...
Good question. No, I haven't heard anything about the meeting and what may have been idiscussed. I will try to do some sleuthing.