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Captive going Indy
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B24 View Drop Down
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Points: 23771 		Post Options Post Options   Thanks (0) Thanks(0)   Quote B24 Quote  Post ReplyReply Direct Link To This Post Posted: Aug/11/2022 at 4:25pm
Originally posted by advisorman advisorman wrote:

Not at RJ. At Cambridge. Voluntary affiliation and I can change OSJ at any time. No OSJ owns any advisors books to my knowledge at Cambridge. That would be stupid for an advisor to agree to that.

Former Edward Jones reps turned LPL reps:
"If Bellicheat pulls that rabbit out of his a$$ with this kid at quarterback, I'll personally kiss his ring." - Sporsfreak, 09/20/16

"Jags/Vikes Super Bowl. Write it down" - Sportsfreak 01/19/18
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helado View Drop Down
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Points: 27688 		Post Options Post Options   Thanks (0) Thanks(0)   Quote helado Quote  Post ReplyReply Direct Link To This Post Posted: Aug/11/2022 at 6:43pm
It's not that OSJ's own your book.  It's that b/ds won't allow you to switch OSJ's without your existing OSJ's blessing.

...and why would they give up their override?
My posts are for abrasive entertainment only. Nothing posted is investment, legal, tax or any type of advice, nor is anything mentioned true or even based on real events. Posts are complete fiction.
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Points: 32276 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Nathan Explosion Quote  Post ReplyReply Direct Link To This Post Posted: Aug/11/2022 at 7:52pm
Originally posted by spudpotato spudpotato wrote:

How do you know he’s EJ?

Originally posted by luvindy luvindy wrote:

First, good luck on your move away from Edward Jones. 

The super OSJ's are fine as a way to get to indy world, but treat it as a stop rather than a career path. Unless you like having to deal with an extra layer of bullshit for a few percentage points of payout, but that shouldn't be your motivator if you're going to do this right.

pretty obvious...probably talking to Cornerstone or similar type of group......they prey on the low hanging fruit

edit...dont mean that as an insult just how the world works.


Edited by Nathan Explosion - Aug/11/2022 at 7:52pm
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Points: 13405 		Post Options Post Options   Thanks (0) Thanks(0)   Quote WarPig Quote  Post ReplyReply Direct Link To This Post Posted: Aug/11/2022 at 8:02pm
RIA or fuck off at this point.
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Points: 5 		Post Options Post Options   Thanks (0) Thanks(0)   Quote bkd77 Quote  Post ReplyReply Direct Link To This Post Posted: Aug/11/2022 at 8:47pm
Everybody has their opinion, which is fine. I don’t take offense to any of the comments. I’m just looking for insight and trying to learn as much as I can to make a good decision for myself and my family. I may be low hanging fruit for someone to prey on but we all are at different levels and we all started somewhere or transitioned to something else at one time. 
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Points: 5663 		Post Options Post Options   Thanks (0) Thanks(0)   Quote missionshooter Quote  Post ReplyReply Direct Link To This Post Posted: Aug/11/2022 at 10:12pm
Originally posted by Nathan Explosion Nathan Explosion wrote:

Originally posted by spudpotato spudpotato wrote:

How do you know he’s EJ?

Originally posted by luvindy luvindy wrote:

First, good luck on your move away from Edward Jones. 

The super OSJ's are fine as a way to get to indy world, but treat it as a stop rather than a career path. Unless you like having to deal with an extra layer of bullshit for a few percentage points of payout, but that shouldn't be your motivator if you're going to do this right.

 

pretty obvious...probably talking to Cornerstone or similar type of group......they prey on the low hanging fruit

edit...dont mean that as an insult just how the world works.

I knew a guy that reviewed the Cornerstone contract for jonesies leaving... it basically says it's a 7 yr commitment and the clients are cornerstones.  LOL

These super OSJ groups are just out to make $ on dumb advisors in transition who are susceptible prey. 


"We probably have a 98% close rate." - Circlejerk 7-28-22
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luvindy View Drop Down
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Points: 23949 		Post Options Post Options   Thanks (0) Thanks(0)   Quote luvindy Quote  Post ReplyReply Direct Link To This Post Posted: Aug/11/2022 at 11:30pm
Originally posted by spudpotato spudpotato wrote:

How do you know he’s EJ?

Originally posted by luvindy luvindy wrote:

First, good luck on your move away from Edward Jones. 

The super OSJ's are fine as a way to get to indy world, but treat it as a stop rather than a career path. Unless you like having to deal with an extra layer of bullshit for a few percentage points of payout, but that shouldn't be your motivator if you're going to do this right.

Sometimes you just know.
8/31/12,Sportsfreak:
"If Barak wins this election, or appears to be clearly winning, we are all fucked. Market will tank big time."
Dow 13,090 S&P 1406
5/23/13 UC:Dow 20k before 20% crrectn Dow 15,
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