new ed jones financial advisor

hi my name is XXXXX. i am a finacial advisor with ed jones. i was hired earlier in the year and have found this online community.

i am working as the legacy advisor and will be getting some assets through a goodnight plan

i am trying hard to convert prospects to clients but no one wants to make any changes during this pandemic.

i am here to come looking for advise and to learn more about being a good financial advisor

Edited by Wet_Blanket - Oct/22/2020 at 9:29am

We luv new jonesies here.

Keeping finding new prospects. It takes time to convert people. Don't expect it to happen as fast as you would like.

option_trader83 wrote:

how long does it take usually for prospect to become client. i only have bring in a few so far but i need to twist arms to make them sign paper

It varies man. Depends on you, depends on them, depends on how they came to you. A cold call prospect is generally going to take longer than a referral, etc.

I think the average cold prospect takes something like 9 touches on average before becoming a client.

Just keep hustling. I know it sounds cliche, but just talk to as many people as you can everyday. You will find some "low hanging fruit" (i.e. people that move NOW), and keep adding the rest to your CRM and keep in touch, and drip on them. That keeps your pipeline full next year, and the year after, etc.

I was thinking the same thing...

King of sarcasm and speling

what is the best way to move to level 1

option_trader83 wrote:

what is the best way to move to level 1

Get off Robinhood and prospect

option_trader83 wrote:

i do not knowwho the compliance offer is and they wont care its only a 5000 dollar account its small

i am not allowed to go door knocking anymore and i have the use social media do you have other ideas

You MUST disclose ALL outside accounts to Compliance.

I'm not sure, but you could risk termination by not doing so. Why would you take that risk?

Delbs wrote:

option_trader83 wrote:

i do not knowwho the compliance offer is and they wont care its only a 5000 dollar account its small

i am not allowed to go door knocking anymore and i have the use social media do you have other ideas

Yes they will! FINRA too

This

B24 wrote:

option_trader83 wrote:

i do not knowwho the compliance offer is and they wont care its only a 5000 dollar account its small

i am not allowed to go door knocking anymore and i have the use social media do you have other ideas

Have you disclosed on your Robinhood account that you work in the industry?

You're playing with fire by not disclosing it to Jones. Getting fired over something really silly would be really....stupid.

My guess is that it isn't his account. He is probably setting up robinhood accounts for clients then trading in them. Not only is this a huge violation and will get him fired immediately, but he's also opened up to law suits once he inevitably loses all his "clients" money.