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Started By
Message
re: Any Edward Jones FA's in here?
Posted on 3/1/13 at 9:59 am to mandevilletiger34
Posted on 3/1/13 at 9:59 am to mandevilletiger34
quote:
Please explain in more detail
They make you disclose any outside business activity that you are going to have while working with them. They can deny your request to do jobs on the side. And most likely they will.
1
Posted on 3/1/13 at 11:44 am to Broke
Along with ej, I am also looking into some if the local insurance agencies. With my construction background I have been looking at a claims/ property loss adjuster. Don't know much about this position though.
Posted on 3/1/13 at 3:41 pm to mandevilletiger34
Stay away form Edward Jones. I made that mistake, you will starve you 1st year.
This post was edited on 3/1/13 at 3:41 pm
Posted on 3/1/13 at 3:48 pm to HTOWNTIGER1
quote:
Stay away form Edward Jones. I made that mistake, you will starve you 1st year.
I did work for them for a while. But, as most FA's do that work there, moved on to bigger payouts.
Posted on 3/1/13 at 3:51 pm to Broke
Anybody have any thoughts on Modern Woodmen of America?
Posted on 3/1/13 at 3:55 pm to dome53
quote:
Anybody have any thoughts on Modern Woodmen of America?
Find something else. They sell insurance. But tell you what. Call a thousand people and ask them if they have Woodmen insurance. You'll get your answer
Posted on 3/1/13 at 5:23 pm to HTOWNTIGER1
quote:
Stay away form Edward Jones. I made that mistake, you will starve you 1st year.
in fairness to EJ it can happen at other full service brokers also. My brother used to work for AG Edwards. Same crap happened to him.
Posted on 3/1/13 at 7:41 pm to Fat Bastard
Had a friend who did EJ for 5+ years. He worked his arse off for the 1st 2 years. Tons of cold calls. Built a nice clientele. Made a good living. His 2 problems with it were more morality based.
He made very little money on the trailing commissions but great money on new purchases or movement of assests. Obviously this leads to problems. Most people need simple investments and a buy and hold strategy for the long term. But he made more money when he did things that were not in the best interest of his clients.
The other issue he complained about. He said the guy with the smallest portfolio would require the most work. A guy with a 2000.00 Roth IRA would call twice a week and ask questions whereas the guy with 1.5 million under management would simply come in once a quarter for an update.
He made very little money on the trailing commissions but great money on new purchases or movement of assests. Obviously this leads to problems. Most people need simple investments and a buy and hold strategy for the long term. But he made more money when he did things that were not in the best interest of his clients.
The other issue he complained about. He said the guy with the smallest portfolio would require the most work. A guy with a 2000.00 Roth IRA would call twice a week and ask questions whereas the guy with 1.5 million under management would simply come in once a quarter for an update.
Posted on 3/1/13 at 8:01 pm to nogoodjr
quote:
But he made more money when he did things that were not in the best interest of his clients.
vous prechez au choir mon ami.
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