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Started By
Message
re: Why does anyone want to work for Edward Jones, Northwestern Mutual, etc?
Posted on 9/14/18 at 8:39 pm to lsucoonass
Posted on 9/14/18 at 8:39 pm to lsucoonass
quote:
Wrong
90% of people at places like EJ arent even breaking probably 100k. To make serious money (like 250+) you have to be in private wealth management. You aren't getting super wealthy managing 401k's.
None of that is to say you can't make a good living at EJ, NWM, and such.
2
Posted on 9/14/18 at 8:41 pm to EarlyCuyler3
quote:
You're always a big hit in these threads
Because you retards that live in Livingston Parish working for some metal fab shop think you know about finance when in reality you don't know shite. I know and work with these people every day.
Posted on 9/14/18 at 8:43 pm to TigersSEC2010
quote:
Why does anyone want to work for Edward Jones, Northwestern Mutual
One of these is clearly not like the other, but the fact that you don't seem to know this tells me plenty about you.
Posted on 9/14/18 at 8:47 pm to Mingo Was His NameO
quote:
There serious money in wealth management. EJ and other low level shops, not so much.
Posted on 9/14/18 at 8:48 pm to slackster
quote:
slackster
I forgot 100k a year is rich on this site
Posted on 9/14/18 at 8:49 pm to slackster
Edward Jones is a garbage broker dealer. NW Mutual is a top mutual company
Posted on 9/14/18 at 8:49 pm to Mingo Was His NameO
quote:
90% of people at places like EJ arent even breaking probably 100k. To make serious money (like 250+) you have to be in private wealth management. You aren't getting super wealthy managing 401k's.
Depends on the firm, but even someone working at a place like EJ can bring in $250k/yr with $60MM AUM.
Posted on 9/14/18 at 8:49 pm to Mingo Was His NameO
quote:
Because you retards that live in Livingston Parish working for some metal fab shop think you know about finance when in reality you don't know shite. I know and work with these people every day.
Don't know where Livingston Parish is baw. You're just an arse.
Posted on 9/14/18 at 8:51 pm to Mingo Was His NameO
quote:
forgot 100k a year is rich on this site
Yeah, it is a substantial income whether this site wants to act like it is or not.
Posted on 9/14/18 at 8:54 pm to slackster
That's a huge income for anyone. Everyone is just FOS on here.
Posted on 9/14/18 at 8:56 pm to slackster
quote:
Yeah, it is a substantial income whether this site wants to act like it is or not
I agree that's why I said serious wealth and that 100k was really good income
Posted on 9/14/18 at 8:58 pm to Mingo Was His NameO
quote:
90% of people at places like EJ arent even breaking probably 100k. To make serious money (like 250+) you have to be in private wealth management. You aren't getting super wealthy managing 401k's. None of that is to say you can't make a good living at EJ, NWM, and such
There are plenty of FAs at NWM that clear $250k per year and Directors that clear $1M.
It ain’t for everybody but the 10% that can stick with it and make a career out of it do very well.
You have to really know somebody that knows somebody that knows somebody, ect, ect, ect to really have a fair shot at making it though.
Posted on 9/14/18 at 8:58 pm to LSUgolf04
My mom clears 250k a year selling insurance products to people in fricking Arkansas. Arkansas.
Posted on 9/14/18 at 9:02 pm to TigersSEC2010
quote:
Why does anyone want to work for Edward Jones, Northwestern Mutual, etc?
I think the question is who the frick gives their money to these people to invest?
Posted on 9/14/18 at 9:03 pm to Mingo Was His NameO
quote:
I agree that's why I said serious wealth and that 100k was really good income
A company like EJ is not as top heavy as a MerrillLynch, but making excellent money for you and your family is much more attainable at a retail shop like that than it is as Merrill.
Posted on 9/14/18 at 9:04 pm to TigersSEC2010
I had a dipshit friend of a friend ask for a meeting. I gave it to him because I'm a sucker. He didn't know what a fiduciary duty was. I had to awkwardly tell him I wasn't interested like 5 times after that.
Posted on 9/14/18 at 9:04 pm to Martini
quote:
I think the question is who the frick gives their money to these people to invest?
People that want to retire and not be poor?
Posted on 9/14/18 at 9:06 pm to Man4others
quote:
Edward Jones is a garbage broker dealer. NW Mutual is a top mutual company
My point was that you aren't going to go anywhere at a retail firm like EJ calling all of your broke 25 year old friends to open a Roth IRA.
That awkward attempt to "catch up" is much more in the wheelhouse of NW Mutual.
Posted on 9/14/18 at 9:18 pm to slackster
Edward Jones offices are located in strip malls, they have a lower payout grid and their products on their platform are terrible. Merrill Lynch has offices in top locations, have higher payout ratios and you have access to top products.
NW Mutual is a top “Mutual Company” so it’s slightly different type of financial firm
NW Mutual is a top “Mutual Company” so it’s slightly different type of financial firm
Posted on 9/14/18 at 9:19 pm to Martini
quote:
I think the question is who the frick gives their money to these people to invest?
They don’t just let any Joe Blow off the street invest your money. You have to pass a series of very very difficult (damn near impossible) tests.
Now selling insurance is a different story.
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