[quote=bspears]Free, He will never leave. He is scared his clients would not follow.  The ads EDJ's runs keeps the clients there along with the grey walls and smattering of furniture they put into every single office.  Or maybe its the great wall art they provide.  But, it could be because Spiffy hasn't learned to sell himself and not the mothership.  He is so drunk he speaks of EDJ's in first person.  Its great to see people defending EDJ's for a few months and then WHAM...they come on here and say "I'm outta here!", "Freefromjones" etc....I know a few months from now Spaceman Spiff will be Blastoff Spiff to the independent model. Come home, were waiting.[/quote]

Cmon now bspears. If you want to make a point make one but at least write a complete sentence. I respect the fact that you are now happy because you made a change. That fact doesn't make you any less of a person because of that nor does it make anyone less of a person who decides to stay at Jones. I hope that you find happiness at your new BD.

[quote=bspears]I wish I could have started in the PASS program in St Louis.  PASS means "I couldn't or won't do the work it takes to buid an office"...and just wait for the 3-7yr broker to leave and jump on that book!!  And then be praised for my business building knowledge, and my great depth of investment knowledge..  You realize with all the turnover...after about 3 years noone knows the guy took over a 40 million book,,,the new people think they just dk'd like they did, starved the first few years until the business feeds itself. You know, like the guy in Paducah, who now is in home office.  What a great producer he was...oh ya...he took over 100mil office.  EDJ SUCKS!!!  The secrets are slowly getting out...I had a wholesaler ask me why EDJ is losing so many producing brokers...I said......EDJ SUCKS![/quote]

Oh, don't get me started on the PASS guys.  Hey, what a sweet gig that is.  Louis Ray's harem, I call them.  Bunch of vultures.  Oh yeah, the word is on the street...the word is getting out on the streets...

[quote=babbling looney]

I'm doing the numbers (no breakpoints): $10,000 mutual fund sale = $500 dealer concession. 

$100,000 mutual fund sale = $5000 gross commission

I'm calculating $350,000 into mutual funds every month, no breakpoints, = $17,500 gross production *BELOW STANDARD*

I'm kind of following you, but I think this requirement is for broker's that have been in the game for a while and not new/new's.

Unless things have very much changed since I was a Jones, the gross production requirements apply to everyone. New/new or GP's nephew.  There was no considerations given to demograpics, population size or anything else. Segment 3 quota was the same in
Beverly Hills as it was in Sandbox, Utah.  B Seg 1 produces X amount, Seg 2 XX amount and Seg 3 XXX amount.  You have a certain time frame to get to each segement and if you didn't you were subject to all kinds of "help".

Those figures sound about right except that not everyone gets mutual funds and with bonds paying 1 to 1.5% you need to move more like $500,000 each and every month to keep your head below the foxhole.   Not too hard in some locations, but really a bitch in small towns when you are also competing with other Jones brokers, independent firms and bank brokers.  Really hard for a new/new who hasn't built up a base of 20 million or more AUM.  Not so hard for the Goodnight who was handed the first 20 to 30 million.  It doesn't matter to Jones who you are.  Just produce.  

 No, this is everyone’s requirement, regardless of of existing branch, new branch, or goodboy (i mean goodknight), regardless.  yes, it does take four years to get there, but the numbers are steep, especailly w/o any chumming.

[quote=FREE] Space says how many people would triple it? Lets look at your Ica guide that I am sure you have at your finger tips-1990 ,$10409  year 2000 $47435 wow!!! I left out a few zeros. It was pretty easy in that decade. [/quote]

 Those are correct and beautifully elegant words.

 ed

[quote=bspears]I wish I could have started in the PASS program in St Louis.  PASS means "I couldn't or won't do the work it takes to buid an office"...and just wait for the 3-7yr broker to leave and jump on that book!!  And then be praised for my business building knowledge, and my great depth of investment knowledge..  You realize with all the turnover...after about 3 years noone knows the guy took over a 40 million book,,,the new people think they just dk'd like they did, starved the first few years until the business feeds itself. You know, like the guy in Paducah, who now is in home office.  What a great producer he was...oh ya...he took over 100mil office.  EDJ SUCKS!!!  The secrets are slowly getting out...I had a wholesaler ask me why EDJ is losing so many producing brokers...I said......EDJ SUCKS![/quote]

That PASS program should be renamed Louis Ray's "Chosen Few."  Dont' even get me started on that crap.  My advise to anyone coming out of college is: get on EDJ PASS program.  That is the most ridiculously gross hand-out in history.  But make my words: Eddie will hold them up like production superstars, and ask you if you would like for one of them to call you up and give you some of their best sales ideas.

[quote=bspears]Free, He will never leave. He is scared his clients would not follow.  The ads EDJ's runs keeps the clients there along with the grey walls and smattering of furniture they put into every single office.  Or maybe its the great wall art they provide.  But, it could be because Spiffy hasn't learned to sell himself and not the mothership.  He is so drunk he speaks of EDJ's in first person.  Its great to see people defending EDJ's for a few months and then WHAM...they come on here and say "I'm outta here!", "Freefromjones" etc....I know a few months from now Spaceman Spiff will be Blastoff Spiff to the independent model. Come home, were waiting.[/quote]

 That's funny.  I appreciate your words.

 My damn feet hurt,

 ED

[quote=EdJehovah]

[quote=bspears]I wish I could have started in the PASS program in St Louis.  PASS means “I couldn’t or won’t do the work it takes to buid an office”…and just wait for the 3-7yr broker to leave and jump on that book!!  And then be praised for my business building knowledge, and my great depth of investment knowledge…  You realize with all the turnover…after about 3 years noone knows the guy took over a 40 million book,the new people think they just dk’d like they did, starved the first few years until the business feeds itself. You know, like the guy in Paducah, who now is in home office.  What a great producer he was…oh ya…he took over 100mil office.  EDJ SUCKS!!!  The secrets are slowly getting out…I had a wholesaler ask me why EDJ is losing so many producing brokers…I said…EDJ SUCKS![/quote]

That PASS program should be renamed Louis Ray's "Chosen Few."  Dont' even get me started on that crap.  My advise to anyone coming out of college is: get on EDJ PASS program.  That is the most ridiculously gross hand-out in history.  But make my words: Eddie will hold them up like production superstars, and ask you if you would like for one of them to call you up and give you some of their best sales ideas.

but=buy

[quote=Maxstud]

Ed my advice to you is to find a different firm
or go indy.  For a grown man to be so miserable in their career
and not do anything about is pathetic.  by the way you can but a
footbath at walgreens.

Good luck.
[/quote]



Seriously, the complaining about EDJ is rediculous. They provide enough
tools for anyone to be roughly sucessful with EDJ’s chosen market. In
fact EDJ provides more support and has lower hurdles than the national
wires making it easier to suceed.



For small accounts you can play off the the Hartford Target Funds 
a dash of TIPS for added calcium. For larger accounts you can buy
stocks/bonds and full selection of A-shares/UITs.



Yes EDJ is lame, and the model is flawed, but sucess depends on you
much more than it does on the tools and enviroment at your disposal.

Here is the real answer for the increase in minimums.  Its called self financing:

http://www.bizjournals.com/stlouis/stories/2007/03/19/focus8 .html?jst=s_cn_hl

They needed to be able to squeeze it out of the ones that pay the most percentage wise.

Listen we  are just raising the target for people who have plateaued. No seg 2  will be throw under the bus for doing 17 for a prolong period of time. Some find a comfort-zone in seg 3. So why not raise it a bit. Those that are going onto 4 or 5 will not be affected one iota.

 Bam, it is interesting these requirements are happening at the same time. If IR's do more, We can build more! Personally I  feel they should not waste that money and become more stream lined. Which one day could mean more payout. My understanding is they are hiring 1000 new home office personnel over a certain time period. I now pay for 1.5 boa's, 2-3 corp people.

and the funny part is, the home office people you call are generally useless.

[quote=EJ2001]

Listen we  are just raising the target for people who have plateaued. No seg 2  will be throw under the bus for doing 17 for a prolong period of time. Some find a comfort-zone in seg 3. So why not raise it a bit. Those that are going onto 4 or 5 will not be affected one iota.

 Bam, it is interesting these requirements are happening at the same time. If IR's do more, We can build more! Personally I  feel they should not waste that money and become more stream lined. Which one day could mean more payout. My understanding is they are hiring 1000 new home office personnel over a certain time period. I now pay for 1.5 boa's, 2-3 corp people.

[/quote]

Don't take this as a knock or smart remark, but imagine; you're giving up $.60 for every dollar you earn and in return you get 1.5 BOAs, 2-3 corporate people and they're still not efficient or meeting your needs.  What if you were in control of that $.60 and had control over your hiring needs? 

[quote=csmelnix]

Don't take this as a knock or smart remark, but imagine; you're giving up $.60 for every dollar you earn and in return you get 1.5 BOAs, 2-3 corporate people and they're still not efficient or meeting your needs.  What if you were in control of that $.60 and had control over your hiring needs? 

[/quote]

You are probably correct, as it is I only work 3-4 days a week. Does going independent make sense? Maybe 10 years ago, jeez,  5 years ago. I really feel its the individual, the time, and the place. Oh, that other saying too, some men lead, some follow, and some retire ( Me soon).

Listen, some of you new to this business work hard, study,  if not go see Tom Bartow he could still light a fire under my a$$. That SOB had me do a cold call on speaker phone in front of a regional call session. I didn't need it, but those poor souls starving (starting) in 00, 01,02 sure needed the boost. 

Why not just join a firm that provides emlpoyer approved face-to-face (not a list like many insurance companies) access to employees? 

It is as close as you can get to simply being handed a book.

Private replies welcomed.

[quote=EJ2001]You are probably correct, as it is I only work 3-4 days a week. Does going independent make sense? Maybe 10 years ago, jeez,  5 years ago. I really feel its the individual, the time, and the place. Oh, that other saying too, some men lead, some follow, and some retire ( Me soon).

Listen, some of you new to this business work hard, study,  if not go see Tom Bartow he could still light a fire under my a$$. That SOB had me do a cold call on speaker phone in front of a regional call session. I didn't need it, but those poor souls starving (starting) in 00, 01,02 sure needed the boost. 

[/quote]

If this doesn't make someone want to stay with EDJ until retirement I don't know what would.  In your position I don't blame you for staying, but I hope Bartow at least had the common courtesy to give you a reecharound.