Advisorheads Homepage
Forum Home Forum Home > Introductions > Greenhorn Introductions
  New Posts New Posts RSS Feed - Ed Jones area Metrics
  FAQ FAQ  Forum Search   Events   Register Register  Login Login

Ed Jones area Metrics

 Post Reply Post Reply Page  123 7>
Author
Message
Gob View Drop Down
Rookie
Rookie


Joined: Jan/19/2018
Status: Offline
Points: 35
Post Options Post Options   Thanks (0) Thanks(0)   Quote Gob Quote  Post ReplyReply Direct Link To This Post Topic: Ed Jones area Metrics
    Posted: Jun/23/2023 at 5:40pm
Hi all, I tried to post in a different forum but didn’t have sufficient privileges.

Anyways, I am in early talks to buy out a retiring adviser who’s about 4 hours away from my city. He’s in a smaller town (8000 people) but there is 3 ed jones offices.

I am thinking about the potential of the area and wondering if anyone knows the metrics that Jones uses when opening a new office on an area. 

Ultimately, does jones having 3 offices in a small town mean they think there are significant assets at play?
Back to Top
Nathan Explosion View Drop Down
Platinum Member
Platinum Member
Avatar

Joined: Mar/08/2011
Status: Offline
Points: 35190
Post Options Post Options   Thanks (0) Thanks(0)   Quote Nathan Explosion Quote  Post ReplyReply Direct Link To This Post Posted: Jun/23/2023 at 6:00pm
No…it doesn’t matter…….what else do you bring to the table?  Do you have a professional or other network you can tap into for business?  
Back to Top
CashFlow View Drop Down
Senior Member
Senior Member


Joined: May/04/2011
Status: Offline
Points: 1536
Post Options Post Options   Thanks (0) Thanks(0)   Quote CashFlow Quote  Post ReplyReply Direct Link To This Post Posted: Jun/23/2023 at 6:02pm
Originally posted by Gob Gob wrote:

Hi all, I tried to post in a different forum but didn’t have sufficient privileges.

Anyways, I am in early talks to buy out a retiring adviser who’s about 4 hours away from my city. He’s in a smaller town (8000 people) but there is 3 ed jones offices.

I am thinking about the potential of the area and wondering if anyone knows the metrics that Jones uses when opening a new office on an area. 

Ultimately, does jones having 3 offices in a small town mean they think there are significant assets at play?

Jones will keep opening office as long as the lead advisor continues to do Goodnight’s.  A town close to me has either 5 or 6 with one being dominant and the rest very average at best (town of 25k) They want quantity over quality for a number of reasons.  I will say if you are buying them that is strange language being EJ but you had better plan on moving there or the others will steal you relationships. 
Back to Top
CashFlow View Drop Down
Senior Member
Senior Member


Joined: May/04/2011
Status: Offline
Points: 1536
Post Options Post Options   Thanks (0) Thanks(0)   Quote CashFlow Quote  Post ReplyReply Direct Link To This Post Posted: Jun/23/2023 at 6:05pm
I will also add that they could have seven advisors in an 8k town as long as they are remotely profitable (probably 250-300k) production.  That is not the metric from my understanding.  Take all I say with a grain of salt as I left almost 25 years ago but I do think I am right.  I am pretty good friends with the level 10 huge producer and that is my understanding. He does about $2.5-3.0 a year and has spun off several douche bags I mean Goodnight’s.  
Back to Top
CFLRS View Drop Down
Senior Member
Senior Member
Avatar

Joined: Nov/07/2020
Status: Offline
Points: 1091
Post Options Post Options   Thanks (0) Thanks(0)   Quote CFLRS Quote  Post ReplyReply Direct Link To This Post Posted: Jun/23/2023 at 10:26pm
Originally posted by Gob Gob wrote:

Hi all, I tried to post in a different forum but didn’t have sufficient privileges.

Come on!

I've made a huge mistake.
--
Best username ever!


Back to Top
BullishT View Drop Down
Senior Member
Senior Member
Avatar

Joined: Dec/05/2017
Location: Midwest
Status: Offline
Points: 2249
Post Options Post Options   Thanks (0) Thanks(0)   Quote BullishT Quote  Post ReplyReply Direct Link To This Post Posted: Jun/24/2023 at 9:43am
Originally posted by CFLRS CFLRS wrote:

Originally posted by Gob Gob wrote:

Hi all, I tried to post in a different forum but didn’t have sufficient privileges.

Come on!

I've made a huge mistake.
--
Best username ever!




…..who?
Back to Top
Hacksaw View Drop Down
Platinum Member
Platinum Member
Avatar

Joined: Mar/27/2010
Status: Offline
Points: 31319
Post Options Post Options   Thanks (0) Thanks(0)   Quote Hacksaw Quote  Post ReplyReply Direct Link To This Post Posted: Jun/24/2023 at 10:07am
Originally posted by BullishT BullishT wrote:

Originally posted by CFLRS CFLRS wrote:

Originally posted by Gob Gob wrote:

Hi all, I tried to post in a different forum but didn’t have sufficient privileges.

Come on!

I've made a huge mistake.
--
Best username ever!




…..who?


I response to my post:

Helado Posted: 13/Jan/2023 at 11:11pm

"I stand corrected."
Back to Top
Guests View Drop Down
Guest Group
Guest Group
Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: Jun/25/2023 at 10:02am
PM me and I can send you some demographics of the zip code. 
Back to Top
Gob View Drop Down
Rookie
Rookie


Joined: Jan/19/2018
Status: Offline
Points: 35
Post Options Post Options   Thanks (0) Thanks(0)   Quote Gob Quote  Post ReplyReply Direct Link To This Post Posted: Jun/25/2023 at 6:27pm
@ Nathan…. Huh?

I already have an established ria and am looking to purchase this other one. 


Edited by Gob - Jun/25/2023 at 6:27pm
Back to Top
Gob View Drop Down
Rookie
Rookie


Joined: Jan/19/2018
Status: Offline
Points: 35
Post Options Post Options   Thanks (0) Thanks(0)   Quote Gob Quote  Post ReplyReply Direct Link To This Post Posted: Jun/25/2023 at 6:29pm
I’m
Originally posted by CashFlow CashFlow wrote:

I will also add that they could have seven advisors in an 8k town as long as they are remotely profitable (probably 250-300k) production.  That is not the metric from my understanding.  Take all I say with a grain of salt as I left almost 25 years ago but I do think I am right.  I am pretty good friends with the level 10 huge producer and that is my understanding. He does about $2.5-3.0 a year and has spun off several douche bags I mean Goodnight’s.  

Do a profitable branch does around 300k?


Back to Top
freebird View Drop Down
Gold Member
Gold Member
Avatar

Joined: Sep/17/2021
Location: deep south
Status: Offline
Points: 10816
Post Options Post Options   Thanks (0) Thanks(0)   Quote freebird Quote  Post ReplyReply Direct Link To This Post Posted: Jun/25/2023 at 6:34pm
Jones leads the industry, so if they are there it will be worth your time
Back to Top
Hacksaw View Drop Down
Platinum Member
Platinum Member
Avatar

Joined: Mar/27/2010
Status: Offline
Points: 31319
Post Options Post Options   Thanks (0) Thanks(0)   Quote Hacksaw Quote  Post ReplyReply Direct Link To This Post Posted: Jun/26/2023 at 9:07am
Originally posted by Gob Gob wrote:

@ Nathan…. Huh?

I already have an established ria and am looking to purchase this other one. 

You’re not at Jones, and looking to buy a Jones guy who is 4 hours away and in a flooded market?

Chances are one of you is going to get screwed in this situation. 
I response to my post:

Helado Posted: 13/Jan/2023 at 11:11pm

"I stand corrected."
Back to Top
Nathan Explosion View Drop Down
Platinum Member
Platinum Member
Avatar

Joined: Mar/08/2011
Status: Offline
Points: 35190
Post Options Post Options   Thanks (0) Thanks(0)   Quote Nathan Explosion Quote  Post ReplyReply Direct Link To This Post Posted: Jun/26/2023 at 9:27am
Originally posted by Hacksaw Hacksaw wrote:

Originally posted by Gob Gob wrote:

@ Nathan…. Huh?

I already have an established ria and am looking to purchase this other one. 

You’re not at Jones, and looking to buy a Jones guy who is 4 hours away and in a flooded market?

Chances are one of you is going to get screwed in this situation. 

sounds like he is looking at an acquisition and he is looking of Jones info to gauge the biz....what could go wrongConfused
Back to Top
WarPig View Drop Down
Senior Member
Senior Member
Avatar

Joined: Dec/12/2019
Status: Offline
Points: 9532
Post Options Post Options   Thanks (0) Thanks(0)   Quote WarPig Quote  Post ReplyReply Direct Link To This Post Posted: Jun/26/2023 at 9:28am
You guys are fucking retards.

He never said he was buying a Jones office LOL

He asking since there are 3 Jones offices is there lots of potential in his town.

Ffs
Back to Top
RIArules View Drop Down
Platinum Member
Platinum Member


Joined: Mar/15/2010
Status: Offline
Points: 34261
Post Options Post Options   Thanks (0) Thanks(0)   Quote RIArules Quote  Post ReplyReply Direct Link To This Post Posted: Jun/26/2023 at 9:52am
This is the shoddiest thread I have seen on AH in modern history.
Is it too late to exhume Ken Starr?
Back to Top
CashFlow View Drop Down
Senior Member
Senior Member


Joined: May/04/2011
Status: Offline
Points: 1536
Post Options Post Options   Thanks (0) Thanks(0)   Quote CashFlow Quote  Post ReplyReply Direct Link To This Post Posted: Jun/26/2023 at 10:14am
Originally posted by WarPig WarPig wrote:

You guys are fucking retards.

He never said he was buying a Jones office LOL

He asking since there are 3 Jones offices is there lots of potential in his town.

Ffs

Not a retard but misread it as well.  
Back to Top
B24 View Drop Down
Moderator
Moderator
Avatar

Joined: Mar/09/2010
Status: Offline
Points: 25615
Post Options Post Options   Thanks (0) Thanks(0)   Quote B24 Quote  Post ReplyReply Direct Link To This Post Posted: Jun/26/2023 at 10:21am
This thread sucks
"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
Back to Top
Iamlegend View Drop Down
Platinum Member
Platinum Member
Avatar

Joined: Mar/09/2010
Status: Offline
Points: 22427
Post Options Post Options   Thanks (0) Thanks(0)   Quote Iamlegend Quote  Post ReplyReply Direct Link To This Post Posted: Jun/26/2023 at 10:24am
Originally posted by RIArules RIArules wrote:

This is the shoddiest thread I have seen on AH in modern history.

When did the modern age begin?
Back to Top
RIArules View Drop Down
Platinum Member
Platinum Member


Joined: Mar/15/2010
Status: Offline
Points: 34261
Post Options Post Options   Thanks (0) Thanks(0)   Quote RIArules Quote  Post ReplyReply Direct Link To This Post Posted: Jun/26/2023 at 10:38am
Originally posted by Iamlegend Iamlegend wrote:

Originally posted by RIArules RIArules wrote:

This is the shoddiest thread I have seen on AH in modern history.

When did the modern age begin?

Post Ron14.  A.R. (After Ron)
Is it too late to exhume Ken Starr?
Back to Top
Gob View Drop Down
Rookie
Rookie


Joined: Jan/19/2018
Status: Offline
Points: 35
Post Options Post Options   Thanks (0) Thanks(0)   Quote Gob Quote  Post ReplyReply Direct Link To This Post Posted: Jun/26/2023 at 10:54am
Originally posted by RIArules RIArules wrote:

This is the shoddiest thread I have seen on AH in modern history.

I did it!!

I am not buying a Jones office or going to jones. I have an ria and manage $150mm and in talks to purchase a smaller ria, around $70mm.

I’m concerned about the distance between the offices and am curious about the potential of the area. Since it has 3 jones offices I am curious if that means Jones thinks the area has growth potential. 
Back to Top
 Post Reply Post Reply Page  123 7>
  Share Topic   

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 12.03
Copyright ©2001-2019 Web Wiz Ltd.

This page was generated in 0.078 seconds.