Jones new platform
84 RepliesJump to last post
Thanks Spears. I agree… Glad you are starting to see things through my eyes…
Miss JI love hearing you guys talking out of your butts. We do lose some big producers from time to time. Just like everywhere else. Guys go indy, they take a big check to go somewhere else, retire, become GPs. Who knows. It is not at a rate of 190 a month. And nowhere near 50 a month from the $250K+ segments. Attrition last year was under 10%. Let’s round up and say we’ve got 11,000 FAs. Thats 1100 last year. 91 a month. That includes everyone from study on up. So your numbers are way off. I you really want, I can find out how many producers from the $250K+ segment we lost.
Didn’t you read my post…they all lie. They act like you guys can’t grow, based on all the brokers you’ve hired the last 10 years…just assinine. Unbelievable with all the 1st in broker satisfaction and client, or excuse me, customer statement’s rated number 1…how could you lose even 1 broker. Unbelievable…I love you Jonesers, every one of you.
We can read.. It's call busting balls. (Got it) Spears- We love you too.. That is the thing.. Without people like you the world just wouldn't be the same.. I can only imagine.... the world would no longer rotate on it's axis. OMG!Didn’t you read my post…they all lie. They act like you guys can’t grow, based on all the brokers you’ve hired the last 10 years…just assinine. Unbelievable with all the 1st in broker satisfaction and client, or excuse me, customer statement’s rated number 1…how could you lose even 1 broker. Unbelievable…I love you Jonesers, every one of you.
Miss Jones, I love you and your firm. You are number 1. I wish I could be like you, and do what’s right for my clients. I just haven’t brought myself to jump on the phones selling bonds all day, like I use to. I don’t know how I got corrupted. I guess LPL has pounded into me the advantage of financial planning. JERKS!!! Could you swing by and pick me up on your way out doorknocking? I do miss this…it would be like taking a coke head out for a little picker upper! Pretty please…
WELL, Okay but only because it’s you… I have a soft spot for ya.
Cute.. But now Bspears we should both get back to work..I thought the point of a place like LPL was that you get to run your business as you want to. They don't give you any direction on how to run your office. So if you want to do financial planning go for it. If you want to run a transactional business, fine. If you want to put everyone in annuities, more power to ya. So was it LPL that told you to do financial planning or did you just reach a point where YOU realized that you needed to do it?Miss Jones, I love you and your firm. You are number 1. I wish I could be like you, and do what’s right for my clients. I just haven’t brought myself to jump on the phones selling bonds all day, like I use to. I don’t know how I got corrupted. I guess LPL has pounded into me the advantage of financial planning. JERKS!!! Could you swing by and pick me up on your way out doorknocking? I do miss this…it would be like taking a coke head out for a little picker upper! Pretty please…
The real truth is ...this board is getting really boring and I decided to have some fun with you spiffy. I actually do both, planning with our different platforms based on risk tolerance and transactional. Miss Jones is too nice to mess with so.....your it!! How's those CIT bonds holding up??
How is attrition defined? (I seriously can't remember). Does that include the 200 new people every 2 weeks (about 4000/year)?I love hearing you guys talking out of your butts. We do lose some big producers from time to time. Just like everywhere else. Guys go indy, they take a big check to go somewhere else, retire, become GPs. Who knows. It is not at a rate of 190 a month. And nowhere near 50 a month from the $250K+ segments. Attrition last year was under 10%. Let’s round up and say we’ve got 11,000 FAs. Thats 1100 last year. 91 a month. That includes everyone from study on up. So your numbers are way off. I you really want, I can find out how many producers from the $250K+ segment we lost.
THIS TOPIC IS NOT FOR JONES BASHING PLEASE! I JUST WANT TO KNOW IF ANYONE KNOWS ANYTHING NEW. well, we got off track again… …the jones attrition talk has become a self parody! it’s hilarious!
Attrition doesn't matter. EDJ is the best mr or ms new new. GP's don't matter. The only thing that matters is making a buck. Your words.
As Doug Hill said many times when talking to the troops; EDJ has the greatest salesforce in the world. Feel better! I am going to cash my overtime check now and have a glass of merlot.i never said jones is better, or anywhere near perfect. i just laugh about the vitriol. and there is PLENTY to criticize, but attrition (relative to any competitor) ain’t even in the ballpark of problems to address (facts are facts).
Roll out mid 2008, mutual fund advisory account that will include the preferred funds, non-preferred funds and no-loads. It will have auto re balancing using either a portfolio designed by home office or by FA. FAs will be required to meet with clients who have these accounts.
A stock and EFT version may roll out later.
Oh shit!!! I’m going to apply to the local drycleaner…I’m doomed! UNCLE, UNCLE, UNCLE, UNCLE…
Mr. Maxstud,
I think you may be right. I can tell you 2 things: 1. the FA will not have control over pricing 2. The FA will not have control over portfolio design. I think you may be wrong about the mid-2008. I say they will dangle the carrot for 1 more year and at the regionals in 2008 they will say that we are rolling it out in 2009.They'll probably have the RL or someone from filed supervision sit in with you when it happens. After all if they require you to do it, someone will have to watch!!!
no, no–they will have a written agreement signed by the FA and the client. To the effect that, yes, this costs more over time but here is exactly what you will receive in return (the standard: quarterly rebalance, port reviews, etc). These will be uploaded for storage and for compliance.
Everything Maxstud said I have heard corroborated at high-level, but I was hoping the ETF part would not wait until version 2.0I also feel that this could FINALLY free the firm from a huge reliance on kickbacks. Using no loads plus fee will not be a lot more costly than Ashares, if at all, yet the firm receives a highr % of that total cost. I cannot believe anyone would be against it at Jones-all it is is another option.
It WILL be ready in 2008