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Ron 14
Gold Member Licensed Teller Joined: May/12/2010 Status: Offline Points: 19385 |
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What is FACD program? Is it service only or do you have your own clients?
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mindtech
Member Joined: Feb/18/2012 Location: Canada Status: Offline Points: 433 |
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I know that RL. Always talking about how he wishes Ted was still alive today because change isn't a good thing. And if he's complaining about Penny regarding fee based, he's an idiot. Weddle was on the record stating that Jones would never go fee based, yet under his watch they allowed it. Look, it sounds like I'm knocking Jones, but I'm not. I tell everyone this: Jones is a good company if you follow their rules. Jones is a good company if you toe the line. Jones will treat their advisors well. Just don't fuck your BOA and don't rock the boat otherwise it was nice to know you, you don't be around next year. |
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Coldjumper
Rookie Joined: Mar/25/2020 Status: Offline Points: 20 |
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No one really knows what it is and that's the honest truth. It was billed to me as something extra for people who have graduate degrees, but after being in the program I think it's just for younger folks. Every person in charge of it seems to have a different idea of what it is. Basically, we get a few more months of "free" prospecting before we get put on standards and we spend a lot of classroom time learning the products and how to build portfolios. We get a few of the classes they only give to advisers who are level 5+ so it has it's usefulness. If you get lucky and the FA they pair you with is cool it's a sweet gig because they will kick you the clients they don't want to mess with, which is generally anyone under 250k if you're a level 8+. Most people aren't lucky though and get paired with level 3's who try to poach every good prospect you bring in
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Coldjumper
Rookie Joined: Mar/25/2020 Status: Offline Points: 20 |
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Jones is a company and all of them have their pros and cons. I'm young, I'm idealistic, and my goal is to eventually own my own shop. If EJ is the path for me to do that I'll be more than happy to toe the company line for as long as I need to. Fact of the matter is I have a ton of useless book knowledge and very little practical experience in this field, and I need to get my hands dirty, get the stupid rookie mistakes out of my way, and build my book. Once I do that I can start thinking about my exit strategy, but that is a long long ways off
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Ron 14
Gold Member Licensed Teller Joined: May/12/2010 Status: Offline Points: 19385 |
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Cold - if I were you I would just be patient. I know that is hard but Jones isn't a bad place and as long as you are surviving financially, which I assume you are without kids and another income, Id stay put. Unless you can go Indy, every other place in the middle is equal to or worse than Jones. This industry is a shitshow.
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missionshooter
Senior Member Joined: Feb/12/2014 Status: Offline Points: 6136 |
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Ya they definitely fuck. That's 4 sure |
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luvindy
Moderator Joined: May/17/2010 Status: Online Points: 25774 |
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Details about what she looks like and is in to would be appreciated. |
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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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Wet_Blanket
Admin Group Team America (not iMo) Joined: Mar/10/2010 Location: New England Status: Offline Points: 43650 |
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Have you ever considered a rewarding career in compliance?
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The true 🤡 was the Biden voter all along.
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Ron 14
Gold Member Licensed Teller Joined: May/12/2010 Status: Offline Points: 19385 |
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.....and if the carpet matches the drapes
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Guests
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It's 2020. There better not be any fucking carpet.
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PEACH_cm
Senior Member Joined: Jan/16/2013 Status: Offline Points: 7184 |
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mindtech
Member Joined: Feb/18/2012 Location: Canada Status: Offline Points: 433 |
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This is the quality type of post I come here for.
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Gray
Member Joined: Feb/08/2020 Status: Offline Points: 354 |
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Coldjumper - are you still with us? So I am guessing you moved forward in the Jones process by now, but WTH did they have you prospecting for during all those extra months? "When I grow up and become an FA, will you do business with me?" That is not aimed at you, just wondering what they expected your pitch to be, while they artificially "held" your license.
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Spaceman Spiff
Gold Member Joined: Mar/11/2010 Status: Offline Points: 10546 |
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He gave me enough info to call some friends in the home office who run the FACD program and I got him fired. He was leaving anyway, so I just saved the firm and my LP profit a little time and money. It's amazing what info people will give up on an internet forum.
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missionshooter
Senior Member Joined: Feb/12/2014 Status: Offline Points: 6136 |
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This was a good thread.
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Gray
Member Joined: Feb/08/2020 Status: Offline Points: 354 |
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I hear the pay for that is better than the new asset bonus pay for new FAs. |
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Gray
Member Joined: Feb/08/2020 Status: Offline Points: 354 |
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If I told you I'm a red head, would it make it all better? |
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missionshooter
Senior Member Joined: Feb/12/2014 Status: Offline Points: 6136 |
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Do you look like Ygritte from Game of Thrones? Edited by missionshooter - Sep/10/2020 at 12:51pm |
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spudpotato
Senior Member Joined: Jan/23/2018 Status: Offline Points: 2390 |
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Seriously? *sigh*
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mindtech
Member Joined: Feb/18/2012 Location: Canada Status: Offline Points: 433 |
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If OP was stupid enough to talk to Spiff, then yes OP deserves it. These fucking kids on the internet think everyone is their friend.
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