New EDJ Advisor

Welcome buddy!!   Great to have you with us! 

Edited by missionshooter - Sep/07/2022 at 10:52pm

missionshooter wrote: Welcome buddy!!   Great to have you with us!  I will say this.....Trust the process.  You have the support of a wonderful company behind you. We believe in you, but you have to believe in yourself and roll up your sleeves and get to work. We are celebrating 100 years of a process from Ted Jones that flat out works, but only if you work. Put your head down and get out there.  This is a family here and we will support you along the way. Your regional leader has your back if you need him. The table is set for you to stand out in your community as a respected leader.

Of your vet has 50 mil you are looking at a 2.5 mill GK. Unfortunate for you but that’s the truth. It won’t be even 5 million. Keeps your performance standards ridiculously low though so that helps. You are also getting a 100k salary though and new asset bonuses. Most GKs are not worth it beyond being able to cut your teeth on figuring out how to say things during appointments and maybe some filler seats at seminars so you don’t look like a total newb. Do reviews of the GK clients to get your appointment process down and figure out the system, offer them a t-bill, brokerage cd, or a money market mutual fund like pcocx to get some new money in the door with the relatively great rates that are being offered and see if that can also get you some referrals from those clients and build some trust enough to hopefully move those old accounts to fee based where appropriate and turn them into engaged households. Then move on to doing the real work of building a practice of real clients of your own, not someone else’s problem clients. 

Ignore the GK and go get clients. 

I'm a CFP and Jones was never offering me 100k base to start. 

Hey kid. If you’ve spent more than two minutes on here you’d know we are a bunch of sarcastic assholes. You should be asking these questions instead: how do I get in front of prospects, how do I sell, what do I tell people in this market. GK might keep you busy for a hot second but should be like the last thing on your mind. Good luck. 

NajaESG wrote: Just started with EDJ as a newbie Advisor this month in Virginia. I am a career changer coming from a military and then Strategy Consulting background. My offer was 100k base salary, with standard scale down over 4-5 years.  I am already in the office I will most likely stay at in a multi-FA (two advisor) situation, and the advisor I am paired with is a level 5 with 50-60m in assets. I am interested in knowing what my Goodknight size will be? I get the sense that they were only going to give me 5-6m based off of my hiring conversations, but couldn't get them to be solid on that number. From what I have read on the forums, such a small GK is a bit of a joke. Is there room to negotiate a higher amount, and how do I go about doing that? NajaESG

EJ doesn’t want anyone starting with less than 20, but the one who works and shows they are likely sticking around will be who gets the 20. 5 is more of a bother. 20 is somewhat legit and it could come from outside that office you’re in 

gregsanberg wrote: NajaESG wrote: I used to make 225k base as a strategy consultant. In all seriousness...why would you leave $225k and become a financial salesperson?