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luvindy View Drop Down
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    Posted: Aug/11/2022 at 11:30pm
Originally posted by spudpotato spudpotato wrote:

How do you know he’s EJ?

Originally posted by luvindy luvindy wrote:

First, good luck on your move away from Edward Jones. 

The super OSJ's are fine as a way to get to indy world, but treat it as a stop rather than a career path. Unless you like having to deal with an extra layer of bullshit for a few percentage points of payout, but that shouldn't be your motivator if you're going to do this right.

Sometimes you just know.
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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Originally posted by Nathan Explosion Nathan Explosion wrote:

Originally posted by spudpotato spudpotato wrote:

How do you know he’s EJ?

Originally posted by luvindy luvindy wrote:

First, good luck on your move away from Edward Jones. 

The super OSJ's are fine as a way to get to indy world, but treat it as a stop rather than a career path. Unless you like having to deal with an extra layer of bullshit for a few percentage points of payout, but that shouldn't be your motivator if you're going to do this right.

 

pretty obvious...probably talking to Cornerstone or similar type of group......they prey on the low hanging fruit

edit...dont mean that as an insult just how the world works.

I knew a guy that reviewed the Cornerstone contract for jonesies leaving... it basically says it's a 7 yr commitment and the clients are cornerstones.  LOL

These super OSJ groups are just out to make $ on dumb advisors in transition who are susceptible prey. 


"We probably have a 98% close rate." - Circlejerk 7-28-22
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bkd77 View Drop Down
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Everybody has their opinion, which is fine. I don’t take offense to any of the comments. I’m just looking for insight and trying to learn as much as I can to make a good decision for myself and my family. I may be low hanging fruit for someone to prey on but we all are at different levels and we all started somewhere or transitioned to something else at one time. 
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RIA or fuck off at this point.
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Nathan Explosion View Drop Down
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Originally posted by spudpotato spudpotato wrote:

How do you know he’s EJ?

Originally posted by luvindy luvindy wrote:

First, good luck on your move away from Edward Jones. 

The super OSJ's are fine as a way to get to indy world, but treat it as a stop rather than a career path. Unless you like having to deal with an extra layer of bullshit for a few percentage points of payout, but that shouldn't be your motivator if you're going to do this right.

pretty obvious...probably talking to Cornerstone or similar type of group......they prey on the low hanging fruit

edit...dont mean that as an insult just how the world works.


Edited by Nathan Explosion - Aug/11/2022 at 7:52pm
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helado View Drop Down
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It's not that OSJ's own your book.  It's that b/ds won't allow you to switch OSJ's without your existing OSJ's blessing.

...and why would they give up their override?
My posts are for abrasive entertainment only. Nothing posted is investment, legal, tax or any type of advice, nor is anything mentioned true or even based on real events. Posts are complete fiction.
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Originally posted by advisorman advisorman wrote:

Not at RJ. At Cambridge. Voluntary affiliation and I can change OSJ at any time. No OSJ owns any advisors books to my knowledge at Cambridge. That would be stupid for an advisor to agree to that.

Former Edward Jones reps turned LPL reps:
"If Bellicheat pulls that rabbit out of his a$$ with this kid at quarterback, I'll personally kiss his ring." - Sporsfreak, 09/20/16

"Jags/Vikes Super Bowl. Write it down" - Sportsfreak 01/19/18
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advisorman View Drop Down
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Not at RJ. At Cambridge. Voluntary affiliation and I can change OSJ at any time. No OSJ owns any advisors books to my knowledge at Cambridge. That would be stupid for an advisor to agree to that.
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missionshooter View Drop Down
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Advisorman,

An OSJ at RayJay doesn't have you by the balls just like an OSJ at LPL does?

I find that hard to believe....


"We probably have a 98% close rate." - Circlejerk 7-28-22
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advisorman View Drop Down
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That’s because you are at LPL!
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missionshooter View Drop Down
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Originally posted by advisorman advisorman wrote:

OSJ at least give you a single point of contact for compliance not some random idiot at home office. Can possibly get higher payout and little more upfront money.


Yes, but home office you don't have to beg the cocksucker to sign a form to release you .  The OSJ is your supervisor and is your master.  

Give me home office supervision for $400/month @ LPL anyday.  


"We probably have a 98% close rate." - Circlejerk 7-28-22
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How do you know he’s EJ?

Originally posted by luvindy luvindy wrote:

First, good luck on your move away from Edward Jones. 

The super OSJ's are fine as a way to get to indy world, but treat it as a stop rather than a career path. Unless you like having to deal with an extra layer of bullshit for a few percentage points of payout, but that shouldn't be your motivator if you're going to do this right.
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luvindy View Drop Down
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First, good luck on your move away from Edward Jones. 

The super OSJ's are fine as a way to get to indy world, but treat it as a stop rather than a career path. Unless you like having to deal with an extra layer of bullshit for a few percentage points of payout, but that shouldn't be your motivator if you're going to do this right.
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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advisorman View Drop Down
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OSJ at least give you a single point of contact for compliance not some random idiot at home office. Can possibly get higher payout and little more upfront money.
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Nathan Explosion View Drop Down
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Originally posted by bkd77 bkd77 wrote:

@nathan explosion...there are some that came from my firm but not a lot I don’t think. 

gotcha......LPL has a lot of those lingering that market to certain captive firms....in the midwestWink
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@nathan explosion...there are some that came from my firm but not a lot I don’t think. 
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Originally posted by bkd77 bkd77 wrote:

I’m looking more at the OSJ but wanted to make sure that the B/D was good too.  The OSJ that I’m leaning towards provides some things that I think I would need help with and it would would be a smoother transition for me personally coming from a captive environment. Thanks for the feedback @helado. 

No problem.  If that's the case, I'd lean towards whatever b/d the OSJ is with that you're going to be leaning on.  

You'd be well served at any of those b/ds.  
My posts are for abrasive entertainment only. Nothing posted is investment, legal, tax or any type of advice, nor is anything mentioned true or even based on real events. Posts are complete fiction.
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helado View Drop Down
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Originally posted by advisorman advisorman wrote:

Biggest check. Commonwealth sucks

Of course it's the biggest check.  They are putting lipstick on a pig to go public.  

You're experience there definitely did, haha.  
My posts are for abrasive entertainment only. Nothing posted is investment, legal, tax or any type of advice, nor is anything mentioned true or even based on real events. Posts are complete fiction.
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Nathan Explosion View Drop Down
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Originally posted by bkd77 bkd77 wrote:

I’m looking more at the OSJ but wanted to make sure that the B/D was good too.  The OSJ that I’m leaning towards provides some things that I think I would need help with and it would would be a smoother transition for me personally coming from a captive environment. Thanks for the feedback @helado. 

is this an OSJ where a lot of the people came from your same captive firm?
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I’m looking more at the OSJ but wanted to make sure that the B/D was good too.  The OSJ that I’m leaning towards provides some things that I think I would need help with and it would would be a smoother transition for me personally coming from a captive environment. Thanks for the feedback @helado. 
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