Greenhorn Introductions - Ed Jones area Metrics

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Ed Jones area Metrics

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Topic: Ed Jones area Metrics

Posted By: Gob
Subject: Ed Jones area Metrics
Date 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?

Replies:

Posted By: Nathan Explosion
Date 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?

Posted By: CashFlow
Date Posted: Jun/23/2023 at 6:02pm

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.

Posted By: CashFlow
Date 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.

Posted By: CFLRS
Date Posted: Jun/23/2023 at 10:26pm

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!

Posted By: BullishT
Date Posted: Jun/24/2023 at 9:43am

CFLRS wrote:

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?

Posted By: Hacksaw
Date Posted: Jun/24/2023 at 10:07am

BullishT wrote:

CFLRS wrote:

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."

Posted By: Guests
Date Posted: Jun/25/2023 at 10:02am

PM me and I can send you some demographics of the zip code.

Posted By: Gob
Date Posted: Jun/25/2023 at 6:27pm

@ Nathan…. Huh?

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

Posted By: Gob
Date Posted: Jun/25/2023 at 6:29pm

I’m

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?

Posted By: freebird
Date Posted: Jun/25/2023 at 6:34pm

Jones leads the industry, so if they are there it will be worth your time

Posted By: Hacksaw
Date Posted: Jun/26/2023 at 9:07am

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."

Posted By: Nathan Explosion
Date Posted: Jun/26/2023 at 9:27am

Hacksaw wrote:

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 wrong Confused

Posted By: WarPig
Date 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

Posted By: RIArules
Date Posted: Jun/26/2023 at 9:52am

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

-------------
“We are all Antifa” - Hacksaw 9/12/2025

Posted By: CashFlow
Date Posted: Jun/26/2023 at 10:14am

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.

Posted By: B24
Date Posted: Jun/26/2023 at 10:21am

This thread sucks

Posted By: Iamlegend
Date Posted: Jun/26/2023 at 10:24am

RIArules wrote:

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

When did the modern age begin?

Posted By: RIArules
Date Posted: Jun/26/2023 at 10:38am

Iamlegend wrote:

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)

-------------
“We are all Antifa” - Hacksaw 9/12/2025

Posted By: Gob
Date Posted: Jun/26/2023 at 10:54am

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.

Posted By: CFLRS
Date Posted: Jun/26/2023 at 11:22am

Gob wrote:

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.

IDK much about Jones...but I doubt Jones (or that location of their current offices) has any data/relevance the area's growth potential.

Posted By: luvindy
Date Posted: Jun/26/2023 at 12:08pm

Anyone with triple digit assets should put up with some newb level shit and stick around.

-------------
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,

Posted By: BullishT
Date Posted: Jun/26/2023 at 12:32pm

I’m mister manager!

Posted By: WarPig
Date Posted: Jun/26/2023 at 12:40pm

Gob wrote:

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.

To answer your question. Maybe.

Your best bet would be to look pure demographic data. Population/Age/etc

A clever workaround… call leading response or another mail house. Ask them to see how many people, based on the criteria you give them, they can mail to. If it’s lots .. you are good to go.

Posted By: Nathan Explosion
Date Posted: Jun/26/2023 at 12:44pm

Gob wrote:

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.

jones has info on total households, jones Has, HHs above 250k in investible assets and total investible assets in a certain region.

Posted By: DucatiSportGT
Date Posted: Jun/26/2023 at 2:19pm

CashFlow wrote:

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.

We're all retards here.

-------------
Bring back Helado!

Posted By: WarPig
Date Posted: Jun/26/2023 at 4:59pm

DucatiSportGT wrote:

CashFlow wrote:

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.

We're all retards here.

All of us

Posted By: Guests
Date Posted: Jun/27/2023 at 10:55pm

Nathan Explosion wrote:

Gob wrote:

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.

jones has info on total households, jones Has, HHs above 250k in investible assets and total investible assets in a certain region.

Better than that it has the breakdown of every single zip code in each region.

Posted By: freebird
Date Posted: Jun/27/2023 at 11:16pm

Whoa!

Good luck getting your hands on this top secret data. They keep it locked away with the research that says...

1. multiple goals = more assets

2. 5-7 contacts turns a prospect into a client

3. clients wants to make choices such as commission vs managed

4. clients want to select their own portfolio from a menu of quality investments

5. FA's need to be reprogrammed by agile coaches

6. a diverse workforce will capture the diverse assets

7. roth conversions are to be discussed by CPAs, not advisors

8. innovate NEW software like Moneyguide Pro from 2002 will solve most of the firms problems

9. it's time for teaming after everyone else has done it for 30 years

10. shutting down all lines of communication in the field increases communication and comraderie

That's off the top of my head, but there's more research in that vault and they'll pull it out as needed

Posted By: Nathan Explosion
Date Posted: Jun/27/2023 at 11:28pm

I got a mini lecture from someone in BOA admin and hiring of what “I should be doing” with my BOA’s role…….weird call.

Posted By: WarPig
Date Posted: Jun/28/2023 at 7:27am

freebird wrote:

Whoa!

Good luck getting your hands on this top secret data. They keep it locked away with the research that says...

1. multiple goals = more assets

2. 5-7 contacts turns a prospect into a client

3. clients wants to make choices such as commission vs managed

4. clients want to select their own portfolio from a menu of quality investments

5. FA's need to be reprogrammed by agile coaches

6. a diverse workforce will capture the diverse assets

7. roth conversions are to be discussed by CPAs, not advisors

8. innovate NEW software like Moneyguide Pro from 2002 will solve most of the firms problems

9. it's time for teaming after everyone else has done it for 30 years

10. shutting down all lines of communication in the field increases communication and comraderie

That's off the top of my head, but there's more research in that vault and they'll pull it out as needed

You sound like an ex-girlfriend

Posted By: BullishT
Date Posted: Jun/28/2023 at 8:10am

Serious question Gob, if you are taking over $70mm does it really matter what else is in the area? You’ll spend several years just mining the existing client base

Posted By: freebird
Date Posted: Jun/28/2023 at 8:25am

WarPig wrote:

freebird wrote:

Whoa!

Good luck getting your hands on this top secret data. They keep it locked away with the research that says...

1. multiple goals = more assets

2. 5-7 contacts turns a prospect into a client

3. clients wants to make choices such as commission vs managed

4. clients want to select their own portfolio from a menu of quality investments

5. FA's need to be reprogrammed by agile coaches

6. a diverse workforce will capture the diverse assets

7. roth conversions are to be discussed by CPAs, not advisors

8. innovate NEW software like Moneyguide Pro from 2002 will solve most of the firms problems

9. it's time for teaming after everyone else has done it for 30 years

10. shutting down all lines of communication in the field increases communication and comraderie

That's off the top of my head, but there's more research in that vault and they'll pull it out as needed

You sound like an ex-girlfriend

The hatred is real. Give me a bit and I’ll dig into the picture frames

Posted By: B24
Date Posted: Jun/28/2023 at 8:28am

Gooood. I can feel your anger. Let the hate flow through you!

Posted By: whalehunter
Date Posted: Jun/28/2023 at 8:31am

B24 wrote:

Gooood. I can feel your anger. Let the hate flow through you!

Posted By: BigCheese
Date Posted: Jun/28/2023 at 9:59am

Note to AH moderators...

Free opens up the can of worms and brings picture frames into focus...lost my shit that Free is now counting frames as a reason to leave the mothership...priceless!

Posted By: B24
Date Posted: Jun/28/2023 at 10:06am

BigCheese wrote:

Note to AH moderators...

Free opens up the can of worms and brings picture frames into focus...lost my shit that Free is now counting frames as a reason to leave the mothership...priceless!

You should start a financial advisor picture framing business and cut Jones out of the action. LOL

Posted By: BigCheese
Date Posted: Jun/28/2023 at 10:10am

B...two steps ahead...

Been thinking of names thought I would put it out for the rest to critique...

Manscape frames...just a cut above...

Square frames Inc...

Spiffs favorite....blinders frames... we close your mind to reality....

Chicken Little Pitchers...where Piggy goes all the way home...

In before Luv Frames Inc...

and my favorite of all time....

Where's Wolf...

This could take us to the Fall when all hell breaks loose!

Posted By: Nathan Explosion
Date Posted: Jun/28/2023 at 10:33am

This thread has potential

Posted By: luvindy
Date Posted: Jun/28/2023 at 11:18am

Nathan Explosion wrote:

This thread has potential

Well said.

-------------
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,

Posted By: BigCheese
Date Posted: Jun/28/2023 at 6:14pm

Encouraged by the potential...

Helado...his frames are ice cold...and remember he's the smartest guy on these forums just ask him.

Conrad...his frames are blue as could be...cuz he's a political...or just likes the banter...

B...just do what he says frames...cuz he's said it before...

Spud...will transition frames when her family is out of the house...

RC...she's conducting a survey on which frames are the most appropriate...and then will proceed on her timeframe...

Free...His frames are in honor of Yogi...he's not redundant just does everything twice...like resign...

Mission...his frames are a sexual position...definitely on top...pity the poor recipient...oh and loves green...as in machine...

And I am sober at this moment...more to come when I may not be...don't worry for those that haven't been identified...its likely coming soon...

Posted By: Nathan Explosion
Date Posted: Jun/28/2023 at 7:53pm

Well played.

Posted By: Guests
Date Posted: Jun/29/2023 at 12:52am

For certain, iMo is smarter than me. Both from an IQ perspective and a raw finance perspective.

WHO IN THE ACTUAL FUCK GETS A CFA FOR FUN!!!!!!! LOL

Posted By: BigCheese
Date Posted: Jun/29/2023 at 10:06am

They say three times a charm...and to all who care...a bit sluggish this am...must have been that edible...

Ricky- His frames are full of hookers and Chix with Dix ...oh wait that could be redundant...but a hell of a guy who has been through life and back and still banging it...business or otherwise...

IAL- The fucker must have frames from college...old and crusty...might be time to go hi-tech...google glasses...

Nathan- His frames are 7200 yards, par 72ish...never met an office he couldn't get away from...and still hit his level...he's got it dialed...but he's too young for the senior tour...and too old for much else...

Wet- His frames are the theme of a drone or super secret agent...always watching over us...and never really telling us how he feels but you know he is documenting for further investigations.

Mo- His frames are built with nuts and bolts...he's solid...can tell in 30 seconds if you can afford him...and proclaims he gives solid advice for free...what a guy...

Apac...his frames have Elon Musk imbedded...and should heed his own advice...never put all your dough with Elon...ever...and know when to pull out...and pay the tax man. Imagine what a financial advisor would say...reminds of the famous Gillette commercial...Wilma!

Ducati- His frames have two wheels...the sucker is fast at everything he does...which doesn't play well in some arenas...but like Helado...his quick wit will take him places...

Hacksaw- His frames are all about M&A...he's proven the guy understands the metrics and who wins and loses in every deal. A hell of a resource when you walk the plank over to ownership...

To be continued...

Posted By: luvindy
Date Posted: Jun/29/2023 at 10:13am

BigCheese is finally checking in to the looney bin.

-------------
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,

Posted By: Guests
Date Posted: Jun/29/2023 at 10:22am

helado and probably about 60% of the people on this forum are smarter than me. I got dumber as I learned more. that's how it works.

Posted By: BigCheese
Date Posted: Jun/29/2023 at 11:21am

Two days away from the countdown...I am good with looney...

Posted By: Nathan Explosion
Date Posted: Jun/29/2023 at 11:25am

Cheese found some of the good Mendo shit….but he is pretty spot on

Posted By: BigCheese
Date Posted: Jun/29/2023 at 12:05pm

Interesting how picture frames are now used as a metaphor...it was mendo shit...I can't remember...

Posted By: spudpotato
Date Posted: Jun/29/2023 at 4:49pm

I have no idea what the hell you are talking about.

Posted By: Iamlegend
Date Posted: Jun/29/2023 at 5:31pm

spudpotato wrote:

I have no idea what the hell you are talking about.

#metoo

Posted By: Nathan Explosion
Date Posted: Jun/29/2023 at 5:56pm

spudpotato wrote:

I have no idea what the hell you are talking about.

BigCheese is super stoned on some crystallized Mendocino County homegrown and comparing everyone to Edward Jones picture frames…….pretty standard stuff really.

Posted By: BigCheese
Date Posted: Jun/29/2023 at 6:23pm

No such thing as Super...I am just more seasoned...

Posted By: spudpotato
Date Posted: Jun/29/2023 at 8:19pm

I guess I need to see these frames…

Posted By: Hacksaw
Date Posted: Jun/30/2023 at 8:29am

spudpotato wrote:

I guess I need to see these frames…

Luv will show you if you want to come by his office after 5. #luvspud

-------------
I response to my post:

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

"I stand corrected."

Posted By: missionshooter
Date Posted: Jun/30/2023 at 10:59am

Hacksaw wrote:

spudpotato wrote:

I guess I need to see these frames…

Luv will show you if you want to come by his office after 5. #luvspud

-------------
Our purpose is to partner for a positive impact- to improve the lives of our clients and colleagues, and together, better our communities and society.

Posted By: luvindy
Date Posted: Jun/30/2023 at 12:16pm

Hacksaw wrote:

spudpotato wrote:

I guess I need to see these frames…

Luv will show you if you want to come by his office after 5. #luvspud

Posted By: BigCheese
Date Posted: Jun/30/2023 at 1:12pm

Round 4 turning the corner...

Sportsfreak- His frames ooze "Welcome to God's Waiting Room"...

Circles/Windy- His frames are drizzled with failed crypto...still proclaiming its the World Currency...

Frank Winkler-The original chicken little... his frames proclaim...Piggy you are no role model....STFU

Dashover- His frames cry for an easier route to the promised land...now AI may help...or hurt...

CFLR- His frames scream from the rafters...I gotta better OBA...one that pays enough so I can work part time...and have a balanced life...you SOB...so jealous...

MacDuff- Another master of the acquisitions...his frames project stardom cuz he figured out alot of us are in Medicare...or soon to be...

Newbie- His frames must proclaim his love for his team...the Nets...thank god he knows Ricky and his band of hookers and trannys...

Another diatribe sober...what the hell is wrong with me...stay tuned its a four day holiday...for some of us! When is all hell supposed to break loose?

Posted By: CFLRS
Date Posted: Jun/30/2023 at 3:54pm

I made it on a list! Heart

Posted By: Nathan Explosion
Date Posted: Jun/30/2023 at 5:01pm

CFLRS frames drive on the wrong side of the road

Posted By: Gob
Date Posted: Jun/30/2023 at 5:10pm

BullishT wrote:

Serious question Gob, if you are taking over $70mm does it really matter what else is in the area? You’ll spend several years just mining the existing client base

Good point, and the likely scenario. The goal would be to build up the revenue then hire someone to manage the relationships.

Here’s another question: Do ed jones boas have non competes or non solicits?

Posted By: Nathan Explosion
Date Posted: Jun/30/2023 at 5:28pm

Gob wrote:

BullishT wrote:

Serious question Gob, if you are taking over $70mm does it really matter what else is in the area? You’ll spend several years just mining the existing client base

Good point, and the likely scenario. The goal would be to build up the revenue then hire someone to manage the relationships.

Here’s another question: Do ed jones boas have non competes or non solicits?

Not directly……but if the dude you are talking to is planning this with the intention of monetizing the deal with his BOA….it complicates the equation. Sounds like this guy wants to go Indy and then immediately get acquired????

You can t just “take over” a Jones book or branch.

Posted By: BigCheese
Date Posted: Jun/30/2023 at 5:59pm

Round 5 before an edible and a great cab...the ultimate buzz

RIARules- His frames needs no explanation...

knuk- Late to the game, his frames indicate he likes Lasso...methinks he likes the 7 ft blonde...

rankstocks- His frames although still hunter green after all these years, proclaim...THE ORIGINAL Baller... nothing but kudos to this dude...

advisorman- His frames exude extreme knowledge of the penal system...loves lawyers...and being in the news...and winning...

Greggansberg His frames cry out for a shorter surname...barring that another kudo to the seminar sleuth who is right up there with Rank...gotta give this guy love he's the engergizer bunny of new biz. Doesn't need it but craves the yes..

Ron14- He's Mr. NFL so it goes without saying too much that his frames are oblong...but he seems fairly normal...probably suffering from CTE with too many blows to the head...

HCCW- His frames are disappointed...at least he admits the current regime and its challenges...but give the guy credit...he finds a silver lining amongst all the doomsayers...and at least unlike the Spiffster, he recognizes the pain...and doesn't sugarcoat his thoughts...

No guarantees the next few dittys are with a sober mind...just sayin...but it ain't Aaron Rogers after 36 hours of incarceration...I mean darkness...I see Nathan has got in on the fray...

No one is exempt, everyone feel free to add your frames to this now wonderful thread...originally I did it so Gob could qualify...there is a post bogie to get entrance isn't there? Or was I just looking for an excuse to be looney...

Posted By: Nathan Explosion
Date Posted: Jun/30/2023 at 6:04pm

BC…spud, Gary, RC, Bullisht……where’s the love

Posted By: Iamlegend
Date Posted: Jun/30/2023 at 8:23pm

Nathan Explosion wrote:

Gob wrote:

BullishT wrote:

Serious question Gob, if you are taking over $70mm does it really matter what else is in the area? You’ll spend several years just mining the existing client base

Good point, and the likely scenario. The goal would be to build up the revenue then hire someone to manage the relationships.

Here’s another question: Do ed jones boas have non competes or non solicits?

You can t just “take over” a Jones book or branch.

He is buying an RIA book.

Posted By: Nathan Explosion
Date Posted: Jun/30/2023 at 8:49pm

So he is buying an RIA book but wants to tap into Jones research???? Wtf

Posted By: freebird
Date Posted: Jun/30/2023 at 11:20pm

Gobs -just stop by Applebees instead of getting the BOA. Seriously

Posted By: Iamlegend
Date Posted: Jun/30/2023 at 11:20pm

Nathan Explosion wrote:

So he is buying an RIA book but wants to tap into Jones research???? Wtf

He was wondering about the area itself since it has 3 Jones branches in a small town.

Posted By: WarPig
Date Posted: Jul/01/2023 at 12:09am

GOB asked a fair question. Not sure why it’s a thing.

Can you share some details of the purchase?

Posted By: BullishT
Date Posted: Jul/01/2023 at 6:57am

Iamlegend wrote:

Nathan Explosion wrote:

So he is buying an RIA book but wants to tap into Jones research???? Wtf

He was wondering about the area itself since it has 3 Jones branches in a small town.

Little does he know EVERY small town has 3 Jones branches…I’m in a lake town for the weekend (population 1,100) and sure enough there’s an Edward Jones office down by the marina…

Posted By: Guests
Date Posted: Jul/01/2023 at 8:18am

freebird wrote:

Gobs -just stop by Applebees instead of getting the BOA. Seriously

Then take her indy with you and pay her enough to get the first and second mortgage on the double wide paid off so she can watch the clock and not actually help with the most important weeks of your career then thank yourself for being a bIdNeZ owner making great decisions and ride off into the sunset!

Posted By: WarPig
Date Posted: Jul/01/2023 at 9:26am

HCCWManager wrote:

freebird wrote:

Gobs -just stop by Applebees instead of getting the BOA. Seriously

You girls should just hug it out.

Posted By: freebird
Date Posted: Jul/01/2023 at 9:45am

HCCWManager wrote:

freebird wrote:

Gobs -just stop by Applebees instead of getting the BOA. Seriously

Then take her indy with you and pay her enough to get the first and second mortgage on the double wide paid off so she can watch the clock and not actually help with the most important weeks of your career then thank yourself for being a bIdNeZ owner making great decisions and ride off into the sunset!

Please suspend him for violating the TOS and including personal info lol

Posted By: Hacksaw
Date Posted: Jul/01/2023 at 9:50am

HCCWManager wrote:

freebird wrote:

Gobs -just stop by Applebees instead of getting the BOA. Seriously

That sounds personal. Like an ex-wife scorned.

-------------
I response to my post:

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

"I stand corrected."

Posted By: Iamlegend
Date Posted: Jul/01/2023 at 10:34am

BullishT wrote:

Iamlegend wrote:

Nathan Explosion wrote:

So he is buying an RIA book but wants to tap into Jones research???? Wtf

He was wondering about the area itself since it has 3 Jones branches in a small town.

Little does he know EVERY small town has 3 Jones branches…I’m in a lake town for the weekend (population 1,100) and sure enough there’s an Edward Jones office down by the marina…

This

Edit: The Dollar General of investment management

Posted By: Guests
Date Posted: Jul/01/2023 at 10:45am

Hacksaw wrote:

HCCWManager wrote:

freebird wrote:

Gobs -just stop by Applebees instead of getting the BOA. Seriously

That sounds personal. Like an ex-wife scorned.

Says the guy with less ownership of his book than I have of LP with EJ 😂 Let’s leave this cat fighting to those of us who actually bring in assets.

Posted By: Guests
Date Posted: Jul/01/2023 at 10:55am

Iamlegend wrote:

BullishT wrote:

Iamlegend wrote:

Nathan Explosion wrote:

So he is buying an RIA book but wants to tap into Jones research???? Wtf

He was wondering about the area itself since it has 3 Jones branches in a small town.

Little does he know EVERY small town has 3 Jones branches…I’m in a lake town for the weekend (population 1,100) and sure enough there’s an Edward Jones office down by the marina…

This

Edit: The Dollar General of investment management

Wells

Posted By: Iamlegend
Date Posted: Jul/01/2023 at 11:21am

HCCWManager wrote:

Iamlegend wrote:

BullishT wrote:

Iamlegend wrote:

Nathan Explosion wrote:

So he is buying an RIA book but wants to tap into Jones research???? Wtf

He was wondering about the area itself since it has 3 Jones branches in a small town.

Little does he know EVERY small town has 3 Jones branches…I’m in a lake town for the weekend (population 1,100) and sure enough there’s an Edward Jones office down by the marina…

This

Edit: The Dollar General of investment management

Wells

Nothing funny about my 73% net payout.

Posted By: freebird
Date Posted: Jul/01/2023 at 11:22am

Coming in hot!

Posted By: freebird
Date Posted: Jul/01/2023 at 11:30am

Iamlegend wrote:

HCCWManager wrote:

Iamlegend wrote:

BullishT wrote:

Iamlegend wrote:

Nathan Explosion wrote:

So he is buying an RIA book but wants to tap into Jones research???? Wtf

He was wondering about the area itself since it has 3 Jones branches in a small town.

Little does he know EVERY small town has 3 Jones branches…I’m in a lake town for the weekend (population 1,100) and sure enough there’s an Edward Jones office down by the marina…

This

Edit: The Dollar General of investment management

Wells

Nothing funny about my 73% net payout.

Do you have to pay your assistant and for your space and utilities and benefits and all that after the 73%?

Posted By: Guests
Date Posted: Jul/01/2023 at 11:36am

Iamlegend wrote:

HCCWManager wrote:

Iamlegend wrote:

BullishT wrote:

Iamlegend wrote:

Nathan Explosion wrote:

So he is buying an RIA book but wants to tap into Jones research???? Wtf

He was wondering about the area itself since it has 3 Jones branches in a small town.

Little does he know EVERY small town has 3 Jones branches…I’m in a lake town for the weekend (population 1,100) and sure enough there’s an Edward Jones office down by the marina…

This

Edit: The Dollar General of investment management

Wells

Nothing funny about my 73% net payout.

Funny indeed. I was above 60% last year and didn’t have a guy I report to in my office or a brand I have to explain away to prospects and beg that I’m not really a part of.

Wells 😂.

Posted By: Guests
Date Posted: Jul/01/2023 at 11:40am

freebird wrote:

Iamlegend wrote:

HCCWManager wrote:

Iamlegend wrote:

BullishT wrote:

Iamlegend wrote:

Nathan Explosion wrote:

So he is buying an RIA book but wants to tap into Jones research???? Wtf

He was wondering about the area itself since it has 3 Jones branches in a small town.

Little does he know EVERY small town has 3 Jones branches…I’m in a lake town for the weekend (population 1,100) and sure enough there’s an Edward Jones office down by the marina…

This

Edit: The Dollar General of investment management

Wells

Nothing funny about my 73% net payout.

Do you have to pay your assistant and for your space and utilities and benefits and all that after the 73%?

I think his supervisor pays for that actually. Not a bad deal.

Posted By: WarPig
Date Posted: Jul/01/2023 at 11:49am

Iamlegend wrote:

HCCWManager wrote:

Iamlegend wrote:

BullishT wrote:

Iamlegend wrote:

Nathan Explosion wrote:

So he is buying an RIA book but wants to tap into Jones research???? Wtf

He was wondering about the area itself since it has 3 Jones branches in a small town.

Little does he know EVERY small town has 3 Jones branches…I’m in a lake town for the weekend (population 1,100) and sure enough there’s an Edward Jones office down by the marina…

This

Edit: The Dollar General of investment management

Wells

Nothing funny about my 73% net payout.

What’s the velocity on your book big guy?

Posted By: Iamlegend
Date Posted: Jul/01/2023 at 12:59pm

freebird wrote:

Iamlegend wrote:

HCCWManager wrote:

Iamlegend wrote:

BullishT wrote:

Iamlegend wrote:

Nathan Explosion wrote:

So he is buying an RIA book but wants to tap into Jones research???? Wtf

He was wondering about the area itself since it has 3 Jones branches in a small town.

Little does he know EVERY small town has 3 Jones branches…I’m in a lake town for the weekend (population 1,100) and sure enough there’s an Edward Jones office down by the marina…

This

Edit: The Dollar General of investment management

Wells

Nothing funny about my 73% net payout.

Do you have to pay your assistant and for your space and utilities and benefits and all that after the 73%?

Nope. That is my net after local expenses. 70-74% depending on the month.

Posted By: Iamlegend
Date Posted: Jul/01/2023 at 1:00pm

HCCWManager wrote:

freebird wrote:

Iamlegend wrote:

HCCWManager wrote:

Iamlegend wrote:

BullishT wrote:

Iamlegend wrote:

Nathan Explosion wrote:

So he is buying an RIA book but wants to tap into Jones research???? Wtf

He was wondering about the area itself since it has 3 Jones branches in a small town.

Little does he know EVERY small town has 3 Jones branches…I’m in a lake town for the weekend (population 1,100) and sure enough there’s an Edward Jones office down by the marina…

This

Edit: The Dollar General of investment management

Wells

Nothing funny about my 73% net payout.

Do you have to pay your assistant and for your space and utilities and benefits and all that after the 73%?

I think his supervisor pays for that actually. Not a bad deal.

I pay, but that is net after local and BD expenses.

Posted By: Iamlegend
Date Posted: Jul/01/2023 at 1:01pm

WarPig wrote:

Iamlegend wrote:

HCCWManager wrote:

Iamlegend wrote:

BullishT wrote:

Iamlegend wrote:

Nathan Explosion wrote:

So he is buying an RIA book but wants to tap into Jones research???? Wtf

He was wondering about the area itself since it has 3 Jones branches in a small town.

Little does he know EVERY small town has 3 Jones branches…I’m in a lake town for the weekend (population 1,100) and sure enough there’s an Edward Jones office down by the marina…

This

Edit: The Dollar General of investment management

Wells

Nothing funny about my 73% net payout.

What’s the velocity on your book big guy?

Around 70 bps

Posted By: WarPig
Date Posted: Jul/01/2023 at 1:34pm

Iamlegend wrote:

WarPig wrote:

Iamlegend wrote:

HCCWManager wrote:

Iamlegend wrote:

BullishT wrote:

Iamlegend wrote:

Nathan Explosion wrote:

So he is buying an RIA book but wants to tap into Jones research???? Wtf

He was wondering about the area itself since it has 3 Jones branches in a small town.

Little does he know EVERY small town has 3 Jones branches…I’m in a lake town for the weekend (population 1,100) and sure enough there’s an Edward Jones office down by the marina…

This

Edit: The Dollar General of investment management

Wells

Nothing funny about my 73% net payout.

What’s the velocity on your book big guy?

Around 70 bps

So under 70 bps .. HCCW, what’s your velocity?

Posted By: Iamlegend
Date Posted: Jul/01/2023 at 1:59pm

WarPig wrote:

Iamlegend wrote:

WarPig wrote:

Iamlegend wrote:

HCCWManager wrote:

Iamlegend wrote:

BullishT wrote:

Iamlegend wrote:

Nathan Explosion wrote:

So he is buying an RIA book but wants to tap into Jones research???? Wtf

He was wondering about the area itself since it has 3 Jones branches in a small town.

Little does he know EVERY small town has 3 Jones branches…I’m in a lake town for the weekend (population 1,100) and sure enough there’s an Edward Jones office down by the marina…

This

Edit: The Dollar General of investment management

Wells

Nothing funny about my 73% net payout.

What’s the velocity on your book big guy?

Around 70 bps

So under 70 bps .. HCCW, what’s your velocity?

Why does this matter? If someone has more multimillion accounts they will have lower velocity. Large bond brokerage accounts will lower velocity as well.

Posted By: WarPig
Date Posted: Jul/01/2023 at 2:23pm

Iamlegend wrote:

WarPig wrote:

Iamlegend wrote:

WarPig wrote:

Iamlegend wrote:

HCCWManager wrote:

Iamlegend wrote:

BullishT wrote:

Iamlegend wrote:

Nathan Explosion wrote:

So he is buying an RIA book but wants to tap into Jones research???? Wtf

He was wondering about the area itself since it has 3 Jones branches in a small town.

Little does he know EVERY small town has 3 Jones branches…I’m in a lake town for the weekend (population 1,100) and sure enough there’s an Edward Jones office down by the marina…

This

Edit: The Dollar General of investment management

Wells

Nothing funny about my 73% net payout.

What’s the velocity on your book big guy?

Around 70 bps

So under 70 bps .. HCCW, what’s your velocity?

Why does this matter? If someone has more multimillion accounts they will have lower velocity. Large bond brokerage accounts will lower velocity as well.

I like data. You brought up your margin and we all know that number doesn’t exist in a vacuum.

Let’s just wait for HCCW to chime in and then we will have an accurate comparison.

Posted By: Iamlegend
Date Posted: Jul/01/2023 at 2:44pm

WarPig wrote:

Iamlegend wrote:

WarPig wrote:

Iamlegend wrote:

WarPig wrote:

Iamlegend wrote:

HCCWManager wrote:

Iamlegend wrote:

BullishT wrote:

Iamlegend wrote:

Nathan Explosion wrote:

So he is buying an RIA book but wants to tap into Jones research???? Wtf

He was wondering about the area itself since it has 3 Jones branches in a small town.

Little does he know EVERY small town has 3 Jones branches…I’m in a lake town for the weekend (population 1,100) and sure enough there’s an Edward Jones office down by the marina…

This

Edit: The Dollar General of investment management

Wells

Nothing funny about my 73% net payout.

What’s the velocity on your book big guy?

Around 70 bps

So under 70 bps .. HCCW, what’s your velocity?

Why does this matter? If someone has more multimillion accounts they will have lower velocity. Large bond brokerage accounts will lower velocity as well.

I like data. You brought up your margin and we all know that number doesn’t exist in a vacuum.

Let’s just wait for HCCW to chime in and then we will have an accurate comparison.

What is your net and velocity?

Posted By: WarPig
Date Posted: Jul/01/2023 at 3:28pm

Iamlegend wrote:

WarPig wrote:

Iamlegend wrote:

WarPig wrote:

Iamlegend wrote:

WarPig wrote:

Iamlegend wrote:

HCCWManager wrote:

Iamlegend wrote:

BullishT wrote:

Iamlegend wrote:

Nathan Explosion wrote:

So he is buying an RIA book but wants to tap into Jones research???? Wtf

He was wondering about the area itself since it has 3 Jones branches in a small town.

Little does he know EVERY small town has 3 Jones branches…I’m in a lake town for the weekend (population 1,100) and sure enough there’s an Edward Jones office down by the marina…

This

Edit: The Dollar General of investment management

Wells

Nothing funny about my 73% net payout.

What’s the velocity on your book big guy?

Around 70 bps

So under 70 bps .. HCCW, what’s your velocity?

Why does this matter? If someone has more multimillion accounts they will have lower velocity. Large bond brokerage accounts will lower velocity as well.

I like data. You brought up your margin and we all know that number doesn’t exist in a vacuum.

Let’s just wait for HCCW to chime in and then we will have an accurate comparison.

What is your net and velocity?

Let's stay focused here. This is about your not so humble brag and HCCW. Once all the data is in, I'll declare a winner.

BTW: What your LOS.. you too HCCW.

Posted By: Iamlegend
Date Posted: Jul/01/2023 at 3:42pm

WarPig wrote:

Iamlegend wrote:

WarPig wrote:

Iamlegend wrote:

WarPig wrote:

Iamlegend wrote:

WarPig wrote:

Iamlegend wrote:

HCCWManager wrote:

Iamlegend wrote:

BullishT wrote:

Iamlegend wrote:

Nathan Explosion wrote:

So he is buying an RIA book but wants to tap into Jones research???? Wtf

He was wondering about the area itself since it has 3 Jones branches in a small town.

Little does he know EVERY small town has 3 Jones branches…I’m in a lake town for the weekend (population 1,100) and sure enough there’s an Edward Jones office down by the marina…

This

Edit: The Dollar General of investment management

Wells

Nothing funny about my 73% net payout.

What’s the velocity on your book big guy?

Around 70 bps

So under 70 bps .. HCCW, what’s your velocity?

Why does this matter? If someone has more multimillion accounts they will have lower velocity. Large bond brokerage accounts will lower velocity as well.

I like data. You brought up your margin and we all know that number doesn’t exist in a vacuum.

Let’s just wait for HCCW to chime in and then we will have an accurate comparison.

What is your net and velocity?

Let's stay focused here. This is about your not so humble brag and HCCW. Once all the data is in, I'll declare a winner.

BTW: What your LOS.. you too HCCW.

Who died and appointed you czar? LOL

Posted By: Hacksaw
Date Posted: Jul/01/2023 at 4:37pm

HCCWManager wrote:

Hacksaw wrote:

HCCWManager wrote:

freebird wrote:

Gobs -just stop by Applebees instead of getting the BOA. Seriously

That sounds personal. Like an ex-wife scorned.

Says the guy with less ownership of his book than I have of LP with EJ 😂 Let’s leave this cat fighting to those of us who actually bring in assets.

I’ll take my future over your’s any day.

Don’t be mad at me that everyone isn’t as scared to leave as you are.

-------------
I response to my post:

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

"I stand corrected."

Posted By: Hacksaw
Date Posted: Jul/01/2023 at 6:27pm

HCCWManager wrote:

My velocity is 1.05 and los 14.

I likely make a bit more than IAL, and certainly more on the book velocity itself, but I’d still be happy to buy his book one day. Embarrassed

Hack, we can exchange tax returns in 5 or 10 years, even if I’m still at Jones and not at an Indy lite like you or IAL etc I’d still take my earnings over yours.

I guess I shouldn’t expect an employee to understand my situation - No matter how many times it’s explained. But that’s okay. You make good money, and are obviously a better prospector than I am.

I’d say in 10 years I will be past you, and maybe even in the next 3-4. But it still wouldn’t likely make up for all the years before, that you’ve made a lot more. But money isn’t my goal anyway. Which is difficult for some people to understand.

-------------
I response to my post:

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

"I stand corrected."

Posted By: WarPig
Date Posted: Jul/01/2023 at 6:37pm

Hacksaw wrote:

HCCWManager wrote:

My velocity is 1.05 and los 14.

I likely make a bit more than IAL, and certainly more on the book velocity itself, but I’d still be happy to buy his book one day. Embarrassed

Hack, we can exchange tax returns in 5 or 10 years, even if I’m still at Jones and not at an Indy lite like you or IAL etc I’d still take my earnings over yours.

I’d say in 10 years I will be past you, and maybe even in the next 3-4. But it still wouldn’t likely make up for all the years before, that you’ve made a lot more. But money isn’t my goal anyway. Which is difficult for some people to understand.

I find that money isn't the goal when you are not great at making it. I have a guy on my team though that is an exception to the rule so not saying you are not the same but I hear this kind of thing often in our business.

For example.. No one that is great at building a business stops at 40mm and then says they are building a lifestyle practice. However there are a ton of people that try to convince you they set out to build lifestyle practices and could run bigger businesses if they wanted to .. but they just don't. They value their time SO much more than you do so they only added 4mm a year so they could preserve their lifestyle.

Posted By: BullishT
Date Posted: Jul/01/2023 at 7:02pm

WarPig wrote:

Hacksaw wrote:

HCCWManager wrote:

My velocity is 1.05 and los 14.

I likely make a bit more than IAL, and certainly more on the book velocity itself, but I’d still be happy to buy his book one day. Embarrassed

Hack, we can exchange tax returns in 5 or 10 years, even if I’m still at Jones and not at an Indy lite like you or IAL etc I’d still take my earnings over yours.

I find that money isn't the goal when you are not great at making it.

Posted By: Nathan Explosion
Date Posted: Jul/01/2023 at 7:32pm

This thread has taken an interesting turn. This is the point where Helado comes in and say if one of our clients saw this dick measuring contest they would be appalled.

Posted By: Hacksaw
Date Posted: Jul/01/2023 at 7:35pm

WarPig wrote:

Hacksaw wrote:

HCCWManager wrote:

My velocity is 1.05 and los 14.

I likely make a bit more than IAL, and certainly more on the book velocity itself, but I’d still be happy to buy his book one day. Embarrassed

Hack, we can exchange tax returns in 5 or 10 years, even if I’m still at Jones and not at an Indy lite like you or IAL etc I’d still take my earnings over yours.

I agree. People use it as an excuse on why they don’t grow. I never have. I am growing, just different than most - because I wasn’t as good at growing that way, and frankly didn’t like it. So I found a different way (and still try things like FMT).

And there’s nothing wrong with “not growing”. Find joy in life. If building a million dollar + book isn’t your goal, there’s nothing wrong with that.

-------------
I response to my post:

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

"I stand corrected."

Posted By: Hacksaw
Date Posted: Jul/01/2023 at 7:37pm

HCCWManager wrote:

Hacksaw wrote:

HCCWManager wrote:

My velocity is 1.05 and los 14.

I likely make a bit more than IAL, and certainly more on the book velocity itself, but I’d still be happy to buy his book one day. Embarrassed

Hack, we can exchange tax returns in 5 or 10 years, even if I’m still at Jones and not at an Indy lite like you or IAL etc I’d still take my earnings over yours.

I’m actually not an employee on the current model but that’s as lite as saying you are a real independent financial advisor. 😝

I am currently a small owner in an RIA, and have a contract where I own my own book of clients. You have neither of those things.

-------------
I response to my post:

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

"I stand corrected."

Posted By: BullishT
Date Posted: Jul/01/2023 at 7:58pm

Hacksaw wrote:

WarPig wrote:

Hacksaw wrote:

HCCWManager wrote:

My velocity is 1.05 and los 14.

I likely make a bit more than IAL, and certainly more on the book velocity itself, but I’d still be happy to buy his book one day. Embarrassed

Hack, we can exchange tax returns in 5 or 10 years, even if I’m still at Jones and not at an Indy lite like you or IAL etc I’d still take my earnings over yours.

And there’s nothing wrong with “not growing”. Find joy in life. If building a million dollar + book isn’t your goal, there’s nothing wrong with that.

I always thought “lifestyle practice” just meant once you hit your desired income you stop trying to grow, and focus on creating efficiencies so you can work less.