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luvindy View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote luvindy Quote  Post ReplyReply Direct Link To This Post Posted: May/13/2015 at 5:51pm
Originally posted by Profound Profound wrote:

Thank you guys for the advice and opinions.  I really appreciate just different point of views on everything and it has helped me see the bigger picture.



This might be one of the most BS free zones you will ever encounter. Not kidding.
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,
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Profound Quote  Post ReplyReply Direct Link To This Post Posted: May/13/2015 at 7:18pm
No, I think my (potential) regional manager was trying to help me with time management.  Should I turn every small account down?  No, but I shouldn't accept them ALL either.  Find that balance and how to have enough households and capital.

I was a little confused that's all and talking to you guys along with other further research has helped clear it up.  I like that everyone involved in the company isn't just painting this perfect picture.  I know it will be hard work....6 and sometimes 7 days a week..........10-12 hours a day.

As a teacher and former accountant I have no issues with hard work and long hours.  My only worry was those numbers and making sure I meet my quota.  Any more advice would be welcomed. 




Edited by Profound - May/13/2015 at 7:19pm
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RIArules View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote RIArules Quote  Post ReplyReply Direct Link To This Post Posted: May/13/2015 at 8:14pm
Are you a CPA?
“We are all Antifa” - Hacksaw 9/12/2025
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jtp View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote jtp Quote  Post ReplyReply Direct Link To This Post Posted: May/13/2015 at 9:00pm
Originally posted by Profound Profound wrote:


No, I think my (potential) regional manager was trying to help me with time management.  Should I turn every small account down?  No, but I shouldn't accept them ALL either.  Find that balance and how to have enough households and capital.

I was a little confused that's all and talking to you guys along with other further research has helped clear it up.  I like that everyone involved in the company isn't just painting this perfect picture.  I know it will be hard work....6 and sometimes 7 days a week..........10-12 hours a day.

As a teacher and former accountant I have no issues with hard work and long hours.  My only worry was those numbers and making sure I meet my quota.  Any more advice would be welcomed. 





I am a new Jones FA. I know many other new Jones FAs. In each case, the number of new households (i.e. accounts) we have is our most difficult hurdle.

You will take every single tiny bullshit account you can get and you will like it.
knock knock. who's there? you're new financial advisor
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Profound Quote  Post ReplyReply Direct Link To This Post Posted: May/13/2015 at 9:21pm
Originally posted by RIArules RIArules wrote:

Are you a CPA?

I worked as an Investor Accountant for years.  Hired in the mailroom, when one of the VP's saw how good I was with crunching numbers he hired me in the Investor Accounting department for FNMA.  Never got my CPA though.

JTP, that was my plan all along.  Good to know others feel the same way.  Please keep me updated on how you enjoy it. 

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Post Options Post Options   Thanks (0) Thanks(0)   Quote ClarenceBeeks Quote  Post ReplyReply Direct Link To This Post Posted: May/13/2015 at 9:26pm
The regional leader is in a totally different level than you are right now.  This business is all about your progressing evolution.  In the beginning, you take whatever crumbs and fumes you can get.  I remember one day I went home happy because a prospect walked in and opened an account for each of his 8 children.  He never funded the accounts.  You evolve over several years and one day you become like that regional leader who has way too many clients with over 500k and can afford to talk about being selective.  

You're going to hear different shit from different people, and you're confused by that?  You should probably just keep your safe job.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Profound Quote  Post ReplyReply Direct Link To This Post Posted: May/13/2015 at 9:32pm
Originally posted by ClarenceBeeks ClarenceBeeks wrote:

The regional leader is in a totally different level than you are right now.  This business is all about your progressing evolution.  In the beginning, you take whatever crumbs and fumes you can get.  I remember one day I went home happy because a prospect walked in and opened an account for each of his 8 children.  He never funded the accounts.  You evolve over several years and one day you become like that regional leader who has way too many clients with over 500k and can afford to talk about being selective.  

You're going to hear different shit from different people, and you're confused by that?  You should probably just keep your safe job.


Except no job is safe. A school can close, a new principal can come in and clean house, test scores go down....etc.

There is no such thing as a safe job for the most part.

The confusing part was everything I heard from everyone who prospered in this company aligned until I spoke with a higher-up who told me what felt like the complete opposite. Thanks to some advice from people who aren't worried about quickly telling me "just give up" I pieced the puzzle together.

Edited by Profound - May/13/2015 at 9:34pm
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luvindy View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote luvindy Quote  Post ReplyReply Direct Link To This Post Posted: May/13/2015 at 9:54pm
Originally posted by Profound Profound wrote:

   I know it will be hard work....6 and sometimes 7 days a week..........10-12 hours a day.

I have no issues with hard work and long hours. 


I said all of the same stuff and spent 3/4 of my first year watching Cosby Show re-runs from 12-3 every day because I couldn't get off my ass to go be rejected.


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,
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Post Options Post Options   Thanks (0) Thanks(0)   Quote RichMexican_ Quote  Post ReplyReply Direct Link To This Post Posted: May/14/2015 at 12:26am
Originally posted by luvindy luvindy wrote:


Originally posted by Profound Profound wrote:

 <span style="line-height: 1.4;">  I know it will be hard work....6 and sometimes 7 days a week..........10-12 hours a day.</span>

I have no issues with hard work and long hours. 




I said all of the same stuff and spent 3/4 of my first year watching Cosby Show re-runs from 12-3 every day because I couldn't get off my ass to go be rejected.




Rejection eats at your soul little by little. That is the hardest part.
"Don't throw your pearls to the pigs."
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SometimesNowhere Quote  Post ReplyReply Direct Link To This Post Posted: May/14/2015 at 4:49pm
Originally posted by RichMexican_ RichMexican_ wrote:

Originally posted by luvindy luvindy wrote:


Originally posted by Profound Profound wrote:

 <span style="line-height: 1.4;">  I know it will be hard work....6 and sometimes 7 days a week..........10-12 hours a day.</span>

I have no issues with hard work and long hours. 




I said all of the same stuff and spent 3/4 of my first year watching Cosby Show re-runs from 12-3 every day because I couldn't get off my ass to go be rejected.




Rejection eats at your soul little by little. That is the hardest part.

Confused
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Post Options Post Options   Thanks (0) Thanks(0)   Quote srm11 Quote  Post ReplyReply Direct Link To This Post Posted: May/15/2015 at 12:36am
Profound - the Regional Leader is not drinking enough koolaid apparently. 

The reason the 'Jones formula' works is because it revolves around activity.  Doorknocking is activity.  You knock on enough doors and you find enough people to do business.  You cant meet 20 people on a monday and expect to have 20 accounts by the following Friday.  You meet 20 people on a Monday, you will probably have 1 account a month from now.  But eventually you have 1000 prospects and you can turn 50 of those into accounts. 

You take whatever account you can get.  $100 a month PAC plan?  Done, sign them up.  Does it make you money?  No, but you mix those in with the bigger clients you will find and it keeps your household goals up and above the line. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote jtp Quote  Post ReplyReply Direct Link To This Post Posted: May/15/2015 at 7:36am
Originally posted by RichMexican_ RichMexican_ wrote:

Originally posted by luvindy luvindy wrote:


Originally posted by Profound Profound wrote:

 <span style="line-height: 1.4;">  I know it will be hard work....6 and sometimes 7 days a week..........10-12 hours a day.</span>

I have no issues with hard work and long hours. 




I said all of the same stuff and spent 3/4 of my first year watching Cosby Show re-runs from 12-3 every day because I couldn't get off my ass to go be rejected.




Rejection eats at your soul little by little. That is the hardest part.


I agree 100%. It's a paralyzing mind fuck. But failing my kids would be a much worse kind of hell.

Pass a kool-aid packet and roll up a 20, BOOM.
knock knock. who's there? you're new financial advisor
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Ted View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Ted Quote  Post ReplyReply Direct Link To This Post Posted: May/15/2015 at 8:01am
Long hours are not a badge of honor. It's better to work effectively for a shorter duration. Very few people can work long and effectively.

Effectively = only seeing people or fighting to see people
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RIArules View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote RIArules Quote  Post ReplyReply Direct Link To This Post Posted: May/15/2015 at 8:20am
Ted, you have no concept of the GREEN BADGE OF COURAGE. You have to have stories for the summer regional, after all.
“We are all Antifa” - Hacksaw 9/12/2025
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RIArules View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote RIArules Quote  Post ReplyReply Direct Link To This Post Posted: May/15/2015 at 8:22am
I think I will don my triple crown polo today, in homage. Actually, because I haven't done laundry in a while...
“We are all Antifa” - Hacksaw 9/12/2025
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RipRock View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote RipRock Quote  Post ReplyReply Direct Link To This Post Posted: May/15/2015 at 9:19am
Whats the #1 Jones guys do $ AUM?
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B24 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote B24 Quote  Post ReplyReply Direct Link To This Post Posted: May/15/2015 at 9:43am
Originally posted by RipRock RipRock wrote:

Whats the #1 Jones guys do $ AUM?

I think he's around $450-500mm.

Keep in mind, these are solo guys that generally serve the mass-affluent.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SometimesNowhere Quote  Post ReplyReply Direct Link To This Post Posted: May/15/2015 at 9:45am
Dude, that guy has to have like 4500 HH. That's fucking stupid.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote RichMexican_ Quote  Post ReplyReply Direct Link To This Post Posted: May/15/2015 at 9:54am
Originally posted by SometimesNowhere SometimesNowhere wrote:

Dude, that guy has to have like 4500 HH. That's fucking stupid.


Or is it? Just put them all in A shares and tell them we will talk again in 7 years.
"Don't throw your pearls to the pigs."
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: May/15/2015 at 10:00am
Originally posted by B24 B24 wrote:


Originally posted by RipRock RipRock wrote:

Whats the #1 Jones guys do $ AUM?


I think he's around $450-500mm.

Keep in mind, these are solo guys that generally serve the mass-affluent.


Can someone verify this? I'm under the impression it's higher than that.
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