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Raymond james, EDJ, or Cambridge?

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alphathena View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote alphathena Quote  Post ReplyReply Direct Link To This Post Posted: Aug/18/2022 at 8:16pm
Not specifically looking but was trying to look get a sense of the players and was just wondering.
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Nathan Explosion View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Nathan Explosion Quote  Post ReplyReply Direct Link To This Post Posted: Aug/18/2022 at 8:54pm
Originally posted by alphathena alphathena wrote:

Not specifically looking but was trying to look get a sense of the players and was just wondering.

Well here’s the thing.  EDJ gets a bad rap cuz they are hyper selective.  There are a lot of advisors that tried to get into Jones or were there that just couldn’t cut it so they settled for a no name indy or Better Call Saul type of RIA.  

They say Jones is harder to get into than Harvard.  I think it’s a bad analogy.   Harvard freshmen don’t know anything.  Jones is filtering people from all across the industry spectrum.   Which one would you choose?   So you can see why the vibe is off.  
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I Miss Jim View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote I Miss Jim Quote  Post ReplyReply Direct Link To This Post Posted: Aug/18/2022 at 9:23pm
Originally posted by Nathan Explosion Nathan Explosion wrote:

Originally posted by alphathena alphathena wrote:

Not specifically looking but was trying to look get a sense of the players and was just wondering.

Well here’s the thing.  EDJ gets a bad rap cuz they are hyper selective.  There are a lot of advisors that tried to get into Jones or were there that just couldn’t cut it so they settled for a no name indy or Better Call Saul type of RIA.  

They say Jones is harder to get into than Harvard.  I think it’s a bad analogy.   Harvard freshmen don’t know anything.  Jones is filtering people from all across the industry spectrum.   Which one would you choose?   So you can see why the vibe is off.  

Been with jones for 14 years. Never been anywhere else. Not looking to leave. 

Great support and training for new FAs now. Probably no better place to start a career. Experienced FAs have some legitimate gripes (myself included). Indy may be a better fit for some. Overall, it’s balance positive for me and I have a great situation.

Hiring is way more restrictive than it used to be. When I started  we applied the shotgun (throw against the wall and see what sticks) approach. Attrition rate was 90 plus percent. I stuck it out and have been rewarded for it.

New FA comp and support are infinitely better than they were 14 years ago. Harder to get hired now. Easier if you are a woman, identify as a woman, are sexually confused or can claim a “diverse“ ethnicity.

Regardless of what is in writing on your contract offer, you will almost certainly start with assets. Jones has pretty much eliminated the “scratch start” FA concept. Most new hires in my region start with $20-30mm right out of the gate. 
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Nathan Explosion View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Nathan Explosion Quote  Post ReplyReply Direct Link To This Post Posted: Aug/19/2022 at 12:20pm
Originally posted by I Miss Jim I Miss Jim wrote:

Originally posted by Nathan Explosion Nathan Explosion wrote:

Originally posted by alphathena alphathena wrote:

Not specifically looking but was trying to look get a sense of the players and was just wondering.

Well here’s the thing.  EDJ gets a bad rap cuz they are hyper selective.  There are a lot of advisors that tried to get into Jones or were there that just couldn’t cut it so they settled for a no name indy or Better Call Saul type of RIA.  

They say Jones is harder to get into than Harvard.  I think it’s a bad analogy.   Harvard freshmen don’t know anything.  Jones is filtering people from all across the industry spectrum.   Which one would you choose?   So you can see why the vibe is off.  

Been with jones for 14 years. Never been anywhere else. Not looking to leave. 

Great support and training for new FAs now. Probably no better place to start a career. Experienced FAs have some legitimate gripes (myself included). Indy may be a better fit for some. Overall, it’s balance positive for me and I have a great situation.

Hiring is way more restrictive than it used to be. When I started  we applied the shotgun (throw against the wall and see what sticks) approach. Attrition rate was 90 plus percent. I stuck it out and have been rewarded for it.

New FA comp and support are infinitely better than they were 14 years ago. Harder to get hired now. Easier if you are a woman, identify as a woman, are sexually confused or can claim a “diverse“ ethnicity.

Regardless of what is in writing on your contract offer, you will almost certainly start with assets. Jones has pretty much eliminated the “scratch start” FA concept. Most new hires in my region start with $20-30mm right out of the gate. 

sorry Jimbo.....my post was total sarcasm......
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advisorman View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote advisorman Quote  Post ReplyReply Direct Link To This Post Posted: Aug/19/2022 at 4:50pm
He only has 34 posts and is with EJ so cut him slack
King of sarcasm and speling
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missionshooter View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote missionshooter Quote  Post ReplyReply Direct Link To This Post Posted: Aug/19/2022 at 6:31pm
Yeah EDJ has a reputation for some of the brightest FAs with their tax planning and financial planning skills.  


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

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