SS-

Only a Jones broker would attempt to include LP income in total comp. Remember you paid for it, it was not given to you. Of course you could have paid less down and financed it, giving the GP's interest income as well.

If I used your sordid logic, I would include my portfolio returns in my comp. Clearly they are separate and can't be included. If your GP's handed you LP , I would buy your argument.

It is not bad to be a Jones broker, I was one for almost a decade. In my opinion you are limiting significantly the options you could have available if you were elsewhere including most of the wirehouses.

Example. Just yesterday I was talking to a friend who is still at Jones. He was concerned that his muni inventory was down to 8 bonds. I searched the global inventory (which most bd's participate)and found over 1200 bonds that fit the criteria. How is this good for your Jones clients when you don't have enough tools or some suit back in St Louis is telling you to utilize funds because rates aren't attractive. Your firm, as much as you fight against it, is not offering A++ service if it can't compete in the marketplace. SS you clearly are way behind, and someday you will see the light. I fought it as long as I could, ultimately the things that I disliked about Jones became more important to me than what they did right.

Those trips are very intoxicating for me and my family. Even though they are taxed, they were generally very good and now that I am independent, I actually miss them more than anything else. Clearly that was not enough to keep me at Jones.

[quote=Spaceman Spiff][quote=now_indy][quote=Spaceman Spiff]

You guys must be bored today trying to figure out how to make my math look bad.  Don't you have some wrap account to push?

Indy - first, yeah I knew what he meant.  But I also think he knew what I meant and it was an attempt to make the lowly Jones broker look bad. 

Second, I love how you only quoted part of my response.  The rest that you didn't quote said exactly what you did.  Minus the calculation to get my net up to $10K.  Thanks for that.  Now I know how many $$$ I need to take from you to net $10K next month.  I think I'm halfway there.  

[/quote]

Would you like me to do the math on what you actually take home if you net $10K next month?  I would show you, but I'm a nice guy, and don't want to depress you. (don't forget to put some into the toilet paper and trash bags fund)

[/quote]

Are you going to include my office profitability check, my profit sharing contribution, my diversification trip, and my LP distribution?  Or are you just going to use your distorted view of how bad it is to be a Jones broker? 

Seriously, I'm just poking a little fun at you.  Don't get your panties in a wad.

foot - OK, I get it.  For the hundreth time, Indy is better than Jones.   

Joe, I figured as much.

[quote=The Truth]The problem is you cannot expect "compliance" to take a stance when you
are paying people $40K per year. Put yourself in their shoes. Would you
take on a big producer/GP at Jones when you are barely able to make ends
meet? No way and that is why nothing is ever done.[/quote]

You mean they (compliance) make 40k?  I made 34k last year, and had 6k in expenses, not including my gas and wear and tear on my sh*tty car.  If you start from scratch at Jones, you do just that: scratch sh*t like chickens.

[quote=EdJehovah]

[quote=The Truth]The problem is you cannot expect "compliance" to take a stance when you
are paying people $40K per year. Put yourself in their shoes. Would you
take on a big producer/GP at Jones when you are barely able to make ends
meet? No way and that is why nothing is ever done.[/quote]

You mean they (compliance) make 40k?  I made 34k last year, and had 6k in expenses, not including my gas and wear and tear on my sh*tty car.  If you start from scratch at Jones, you do just that: scratch sh*t like chickens.

[/quote]

If you would get to work and stop posting maybe you would make more than 40K..... How could you make less than that in your first year????

[quote=noggin] [quote=EdJehovah]

[quote=The Truth]The problem is you cannot expect “compliance” to

take a stance when you are paying people $40K per year. Put yourself in

their shoes. Would you take on a big producer/GP at Jones when you are

barely able to make ends meet? No way and that is why nothing is ever

done.[/quote]

You mean they (compliance) make 40k? I made 34k last year, and had

6k in expenses, not including my gas and wear and tear on my shtty

car. If you start from scratch at Jones, you do just that: scratch sht like

chickens.

[/quote]

If you would get to work and stop posting maybe you would make

more than 40K… How could you make less than that in your first

year???

[quote=Starka] [quote=noggin] [quote=EdJehovah]

[quote=The Truth]The problem is you cannot expect "compliance" to
take a stance when you are paying people $40K per year. Put yourself in
their shoes. Would you take on a big producer/GP at Jones when you are
barely able to make ends meet? No way and that is why nothing is ever
done.[/quote]

You mean they (compliance) make 40k?  I made 34k last year, and had
6k in expenses, not including my gas and wear and tear on my sh*tty
car.  If you start from scratch at Jones, you do just that: scratch sh*t like
chickens.

[/quote]

If you would get to work and stop posting maybe you would make
more than 40K..... How could you make less than that in your first
year????

[/quote]

Actually Noggin, that's about $100,000 gross at EDJ.[/quote]

You should have progressed to Segment 2 by month 12.  Segment 2  is 8K minimum per month. 1st year you should do from scratch is at least 90K gross, if not you will really starve in year 2......