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New EDJ Advisor

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NajaESG View Drop Down
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    Posted: Sep/07/2022 at 9:31pm
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



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Nathan Explosion View Drop Down
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Nathan Explosion Quote  Post ReplyReply Direct Link To This Post Posted: Sep/07/2022 at 9:37pm
Hug
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Post Options Post Options   Thanks (0) Thanks(0)   Quote RIArules Quote  Post ReplyReply Direct Link To This Post Posted: Sep/07/2022 at 9:47pm
God damn.
Every month 200,000 illegal aliens come across the border directly south from me.
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Post Options Post Options   Thanks (1) Thanks(1)   Quote missionshooter Quote  Post ReplyReply Direct Link To This Post Posted: Sep/07/2022 at 10:39pm
Welcome buddy!!   Great to have you with us! Heart

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. 


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


"We probably have a 98% close rate." - Circlejerk 7-28-22

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Post Options Post Options   Thanks (1) Thanks(1)   Quote luvindy Quote  Post ReplyReply Direct Link To This Post Posted: Sep/07/2022 at 10:46pm
I'm glad to know our brothers that fight for the flag believe in the free market rather than handouts.


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Post Options Post Options   Thanks (0) Thanks(0)   Quote freebird Quote  Post ReplyReply Direct Link To This Post Posted: Sep/07/2022 at 11:43pm
Originally posted by missionshooter missionshooter wrote:

Welcome buddy!!   Great to have you with us! Heart

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. 

JC
Conrad on 5-16-22:
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Post Options Post Options   Thanks (0) Thanks(0)   Quote spudpotato Quote  Post ReplyReply Direct Link To This Post Posted: Sep/08/2022 at 6:06am
This can’t be real. You’re asking a forum what your goodknight size will be?

C’mon NadaEQ, ask your partner. Usually you know before hiring what it’ll be since EJ doesn’t do scratch starters anymore…
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Post Options Post Options   Thanks (1) Thanks(1)   Quote HCCWManager Quote  Post ReplyReply Direct Link To This Post Posted: Sep/08/2022 at 6:42am
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. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote NajaESG Quote  Post ReplyReply Direct Link To This Post Posted: Sep/08/2022 at 8:17am
Thanks for the welcome, the sarcasm, and the words of wisdom. I ask because I’m brand new and was given little info on my GK outside of that I would get one. Didn’t think I was asking for handouts, but if that’s how it looks, not sure what to say beyond I’m trying to understand the process and how to maximize my chance at success.
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Hacksaw Quote  Post ReplyReply Direct Link To This Post Posted: Sep/08/2022 at 8:39am
Ignore the GK and go get clients. 

Any clients you get in a GK from someone with $50mm will be the shittiest ones - don’t make him money, pains in the ass, never respond. 

Focus on growing your book*, the rest comes second. 




*your book - actually owned by EJ
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Post Options Post Options   Thanks (0) Thanks(0)   Quote missionshooter Quote  Post ReplyReply Direct Link To This Post Posted: Sep/08/2022 at 10:39am
What were you making at your previous job that they only gave you $100k base salary?


"We probably have a 98% close rate." - Circlejerk 7-28-22

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Post Options Post Options   Thanks (0) Thanks(0)   Quote DucatiSportGT Quote  Post ReplyReply Direct Link To This Post Posted: Sep/08/2022 at 10:51am
I'm a CFP and Jones was never offering me 100k base to start. 
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NajaESG View Drop Down
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I used to make 225k base as a strategy consultant.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote richchick Quote  Post ReplyReply Direct Link To This Post Posted: Sep/08/2022 at 11:20am
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. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Nathan Explosion Quote  Post ReplyReply Direct Link To This Post Posted: Sep/08/2022 at 11:20am
Originally posted by DucatiSportGT DucatiSportGT wrote:

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

if you were a CFP and had a legit book they would offer you a completely different package.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote WarPig Quote  Post ReplyReply Direct Link To This Post Posted: Sep/08/2022 at 11:31am
Originally posted by NajaESG 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




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NajaESG View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote NajaESG Quote  Post ReplyReply Direct Link To This Post Posted: Sep/08/2022 at 11:40am
Thanks! I will be non-stop learning and trying to master prospecting as soon as I am done getting my licenses
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Post Options Post Options   Thanks (1) Thanks(1)   Quote freebird Quote  Post ReplyReply Direct Link To This Post Posted: Sep/08/2022 at 11:42am
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 
Conrad on 5-16-22:
A woman is a person, of either sex (male or female)…who choses to live life in the gender role of woman.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote gregsanberg Quote  Post ReplyReply Direct Link To This Post Posted: Sep/08/2022 at 11:46am
Originally posted by NajaESG 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?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote BullishT Quote  Post ReplyReply Direct Link To This Post Posted: Sep/08/2022 at 11:52am
Originally posted by gregsanberg gregsanberg wrote:

Originally posted by NajaESG 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?

Because he was probably working 60hrs/week and he wants to make $500k working 30hrs/week?
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