Hulk-

Stand corrected. 57% of revenue came from transaction in May.

43% came from somewhere else.

Care to guess?

[quote=footsoldier]

Hulk-

Stand corrected. 57% of revenue came from transaction in May.

43% came from somewhere else.

Care to guess?

Hulkster-

I am sorry if you feel it is bitching and moaning. I'll reframe the question counselor.

Where did more than 40% of the revenue come from last month? Fees. And most of the fees came from........drum roll...REVENUE SHARING.

I have opened my eyes to the real customer at Edward Jones. Sooner or later you will too.

So, with that in mind - when will you jump ship foot?

Unless the conflicts go away (and they most certainly won't) I would expect a change in the future. Ducks in a row come to mind.

Timing is everything. Fragrasso's book is a gold mine of information on how,why,and when to make the change.

[quote=footsoldier]Timing is everything. Fragrasso's book is a gold mine of information on how,why,and when to make the change. [/quote]

You bet it is.  Anybody considering a jump to indy should read it.

Prepare...prepare...prepare...

[quote=footsoldier]

Hulkster-

I am sorry if you feel it is bitching and moaning. I’ll reframe the question counselor.

Where did more than 40% of the revenue come from last month? Fees. And most of the fees came from…drum roll…REVENUE SHARING.

I have opened my eyes to the real customer at Edward Jones. Sooner or later you will too.

I kinda like the other IH better

IH-

Eliminate the conflicts of interest and you will get my attention. Otherwise I failed you my green man. It should be 10 out 10. I wouldn't want to make an impact on you.

Have fun at the regionals.

[quote=Incredible Hulk] [quote=footsoldier]

Hulkster-

I am sorry if you feel it is bitching and moaning. I'll reframe the question counselor.

Where did more than 40% of the revenue come from last month? Fees. And most of the fees came from........drum roll...REVENUE SHARING.

I have opened my eyes to the real customer at Edward Jones. Sooner or later you will too.

If you honestly believe that Jones' only purpose is to make money for the GP's you are dumber than you sound on this site. Are they out to make money? Yes. At the expense of the client? No.

[/quote]

Incredible-

I think this is EXACTLY the point:

You said "When I looked at MY OWN Profit and Loss Statement..."

Let me ask you : When you looked at YOUR OWN P & L - I assume the final number is a positive? Is says you are "profitable" in $XXX.

Did YOU get a check in that amount?

Was it automatically deposited into YOUR personal account?

Can YOU control ANY/ALL of the numbers on there?

A Profit and Loss statement at Edward Jones is another ruse. It's a fake. It's smoke and mirrors to make people feel like they are running their own branch.

The Profit and Loss Statement is another myth. This is merely a formula created by General Partners to measure a branches' profitability. The positive number you finally reach (maybe 2-3 years out) is only the measurement by which you are given :

a) Quarterly Bonus

b) Limited Partnership Offering (if the number meets the minimum)

And keep in mind, LP offering involves YOU cutting a check to EDJ or EDJ financing your LP and charging you interest.

Am I right so far? Have I said anything untrue?

When you are given credit for Revenue Sharing on 'your P & L' - it is nothing more than a number assigned in a plus category.  And that number is based on the total dollars you maintain in Mutual Funds/Annuities/Life Insurance.  The supposed NET PROFIT of YOUR Branch is really still held in the General Fund. You are given a bonus using that number- and then it is condensed and placed on a tiered basis. CORRECT or NO?

Then, when all is said and done the FINAL REAL PROFIT made from every branch on all THREE (according to Bachmann) continents are totaled- WHO GETS THE FINAL CHECK SPLIT 387 ways?

Jack Kauff GP

Ivanna Humpalot GP

Ima Hogg GP

Get the picture? Even if Edward Jones gave you FULL credit for Revenue Sharing- you'll never see the check. That Regional Leader with the GP after his name gets the check for every hour you stood on your feet recruting at the Job Fair in the local college.

Okay, I am done with this. But Jeez Oh Pete- use your head man- your profit & loss statement is freakin' joke. As a matter of fact, I kind of wonder when the IRS is going to jump on them for the formula washing.

He's been taken into double secret GP witness protection program.

From the moment Spiked outed him, field supervision task force (in full riot gear)repelled down the side of his office building, burst through the window, dropped in tear gas, threw pillow cases over his and the heads of his BOAs, whisking them out the back door into an unmarked EDJ green van, squealing down the alley.

The next thing they knew...the pillow cases were jerked off and they were sitting in old meat locker type room with one light dangling above them....manilla folder shoved across the table....

"Your new name is Incredble Hulk, your new office is next door to a chinese restaurant, your last job was at a proctologists office refilling the ky jelly dispenser."

I think Devoted SA writes for the show “24”.

guest1-

I trust you had a wonderful time humming kumbaya with your troops at the regional meeting.

The real question. Do they know who you really are?

[quote=doberman]I think Devoted SA writes for the show "24".[/quote]

Dobe... You sure know how to flatter a girl. Truth is I spent a lot of time at shool looking out the window daydreaming.

Foot...Sure, Guest1's troops know who he REALLY is. IF they serve on leadership team under him. From afar when we were new/news our RL looked like THE nicest guy, smiling, waving, shaking hands, kissing babies etc. Then my rep joined the "russian mafia" and we quickly learned what the REAL RL was like......

One wrong move, one waver under command and he would unzip his head like in "Men in Black" and let the alien that lived inside come out to rip your head off, leaving only a trail of primordial ooze behind.

viva la Edward Jones!