Jones LP Offering
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[quote=joedabrkr] [quote=Spaceman Spiff]
My guess is that if Jones brokers left because the LP they were offered was too small, then they were just looking for an excuse to leave anyway. I haven't talked to anyone yet who got as much LP as THEY felt they deserved. I haven't talked with a client yet that didn't think I should have made them more money last year. Some people gripe about everything.
I've read the disclosures and I don't remember getting pissed at Jones after I was done.
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Dude I'm just curious do you wear boxers with the EdJones logo on them?
They must have made a round of stronger kool-aid to feed you guys.....
[/quote]
ahahahaha
Yeah, it’s funny to me that they make such a big deal about LP…if you’re
good after 5 years and get the $24k LP, that’s maybe what–$5k/yr in
additional income? Better than nothing, but really a big financial incentive?
That’s an extra 2.5% payout for a $200k producer…nothing vs. going indy or
taking a nice package to go upstream to a wirehouse.
[quote=Cowboy93]Yeah, it’s funny to me that they make such a big deal about LP…if you’re
good after 5 years and get the $24k LP, that’s maybe what–$5k/yr in
additional income? Better than nothing, but really a big financial incentive?
That’s an extra 2.5% payout for a $200k producer…nothing vs. going indy or
taking a nice package to go upstream to a wirehouse.[/quote]
They make a big deal out of LP because, in the words of the aging exotic dancer, “You shake what ya got…”
skolbrother-
it's good to see you are still out there!
Starka-
my buddy is accepting the offer because he does not want to hoist any red flags.
[quote=joedabrkr] [quote=Spaceman Spiff]
My guess is that if Jones brokers left because the LP they were offered was too small, then they were just looking for an excuse to leave anyway. I haven't talked to anyone yet who got as much LP as THEY felt they deserved. I haven't talked with a client yet that didn't think I should have made them more money last year. Some people gripe about everything.
I've read the disclosures and I don't remember getting pissed at Jones after I was done.
[/quote]
Dude I'm just curious do you wear boxers with the EdJones logo on them?
They must have made a round of stronger kool-aid to feed you guys.....
[/quote]
No, not today at least. I hold off on those until our Regional Meetings.
You know, you guys who for whatever reason don't like Jones make a bigger deal out of the LP offerings than anyone at Jones that I talk to does. You love to say how much of a joke it is, that indy payout is better, kool-aid drinkers, etc. No doubt you folks think the grass is greener on your side of the fence. Why do you care what happens at Jones so much more than you care what happens at MER, MS, WB, AGE or any other firm?
Spiffy,
I guess it's just the "Holiler than Thou" attitude that the GPs have at Jones. No firm is perfect, yet Jones talks aboout how honestly they do business then get spanked just like everyone else. The RL talks about how much he wants you to succeed and then the first time you stumble he's there showing you the door or questioning your loyalty to the firm. It's so much hype, it reminds me of an AmWay or A.L. Williams meeting talking like it's just one big happy family when in reality, half of the region can't stand the other half. Jones needs to quit blowing their own horn and then I think the talk of kool-aid drinkers and what a joke Jones id would end.