Actually, money really wasn’t a consideration for me until after I made the move.  Clearly, money alone is a lousy reason to do anything.  The question stands, however.  How does a net increase over the last four years help you?

The 10/17 deposit of my LP earnings of over 14k does not hurt one bit. (here it comes, the bond in drag people) More IRs in town = more visability for us. I am not ABC Investments, like it or not the name has recognition. (can't wait for that argument) P/S sharing was quite generous last year, a result of more IRs. (here we go about owning and paying you own bonus)

So, you are now saying that money IS a big motivator for you? It will change..

No, that's not what I said, although I'm not going to give it back!

Look, I'm not one to fault you for believing in the LP.  All I'm asking is how does having more and more brokers help you personally?

The return of the LP is a direct function of the saleforce. The value of the P/S contribution is also directly related to the salesforce.  That gets pretty personal.

What is the P/S contribution?

Well, whatever it is, if it's worth it to you, then you're where you belong.  However, that doesn't make everyone else wrong.

Where did I say everyone was wrong? Someone commented that Jones was losing ground. I think that the SIA survey disbanded that thought. (PS was a good amount plus payout on income over the 200k+/- limit)

The return of the LP is a function of the salesforce, but on it's profitability, not it's size.  Pushing unprofitable offices in lowers LP payout.

When I was with Jones, I always asked at regional meetings if the focus of the growth of the firm shouldn't have been more focused on retention of veterans primarily, and expanding the number of offices secondary.  The question was usually brushed off, and we were encouraged to recruit more brokers.  Do you think that makes any sense?

A poster earlier made the observation that Jones seems to lose brokers at the 5-7 year mark.  Well, I can't speak firmwide, but it certainly seemed to be accurate in the region I was in. 

[quote=Guest1]Hey EX, do some reading. Second line from the bottom. You have heard of the SIA, yes?[/quote]

Guest,

That's nice.  I did see that.  I was pointing out your source of the information. I doesn't surprise me that Jones decided to spin some stats to make their point. 

The counter point has already been made ad nauseam on this site.  Who is Jones hiring? newbies Who are they losing? vets. Who cares about the headcount?

It's always about the money to some degree. 

But I am ALL 'bout the happiness.  I'm happy to run my own business and have my own S corp.  I'm happy to have more products..especially fee based.  I'm happy to be compensated at the same level on A B C shares as far as payout.  I'm happy I don't have to pay any of my net for national advertising.  I'm happy to get free stock options.  I'm happy to get better tax breaks.  I'm happy to have my own retirement plan where my wife is now a participant.   I'm happy I don't have mandatory meetings about hiring and training noobs and have to watch stupid corporate videos.  I'm happy I still take two trips a year paid for by my firm (production related) And yes....I'm happy to take home more money when the day is done and not be tied to a bonus bracket.

I guess I'm just a happy guy?

Some people like being employees and some people like being employers. 

What's the turnover rate on advisors at Jones?  The firm I am with sits at 97% going on 6 years now.  It's not about the money?  It is for somebody - if it isn't for you then it is for your b/d.  Content to pay them 60% v yourself and hope to get L/P offerings or profit sharing?  Some people believe big brother can control their margins better than they can that's why they remain employees.  In the end, maybe it isn't about the money for you but undoubtedly it becomes a quality of life issue for all of us and when you can only grow by adding more and more accounts v working under a business model that provides payouts that allow you as an advisor to specify the type of client you wish to work with I will take the latter everyday.  There's more to doing what's right for your client when their money dues hit and I know I can service my clients better when I hold 200 on my book v 600+ accounts on yours.  The funny thing about that is I net more too and have an exit strategy that I control!

Zacko keep preaching brother it's music to the ears of those who get it.

Oh yea?  Speaking of big brother - how hard is it to do VA business now at Jones?  Have they hired their dedicated compliance department yet to review every VA application?

Hey kool-aid

Oh yeah!  (Breaks through EDJ office wall)

Does it really matter who follows Doug "3 Mil" Hill?

The big question is what is the net growth of the FIRM?  THAT'S WHAT MATTERS......................