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Ed Jones area Metrics
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Gob View Drop Down
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    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?
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Nathan Explosion View Drop Down
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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?  
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Originally posted by Gob 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. 
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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.  
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Originally posted by Gob 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!
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Originally posted by CFLRS CFLRS wrote:

Originally posted by Gob 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.
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Best username ever!




…..who?
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Originally posted by BullishT BullishT wrote:

Originally posted by CFLRS CFLRS wrote:

Originally posted by Gob 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."
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PM me and I can send you some demographics of the zip code. 
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Gob View Drop Down
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@ Nathan…. Huh?

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


Edited by Gob - Jun/25/2023 at 6:27pm
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Gob View Drop Down
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I’m
Originally posted by CashFlow 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?
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Jones leads the industry, so if they are there it will be worth your time
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Originally posted by Gob 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."
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Nathan Explosion View Drop Down
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Originally posted by Hacksaw Hacksaw wrote:

Originally posted by Gob 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 wrongConfused
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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
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This is the shoddiest thread I have seen on AH in modern history.
Someone just HAD to fuck around and find out.
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Originally posted by WarPig 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.  
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This thread sucks
"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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Originally posted by RIArules RIArules wrote:

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

When did the modern age begin?
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Originally posted by Iamlegend Iamlegend wrote:

Originally posted by RIArules 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)
Someone just HAD to fuck around and find out.
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Originally posted by RIArules 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. 
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