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

I've edited out your first name, I wouldn't use it.  Good luck on starting out.  Feel free to use the Rookiegarten if you want or the other subforums as you need.

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.

yes i know i can not do options for clients at jones

i do the option trading myself i have been buying puts on SPY and calls on TSLA using robinhood not doing too bad i will say

yes i am not getting referrals so it is all people new to me. some people want to move their account right away but most say its not the right time and to call back in six months

Does your compliance officer know this??????

Get off Robinhood and prospect 

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

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.

Plain and simple - if you have an outside account that is not disclosed it is a FINRA violation, you can get fined, and EJ will can your ass. 

As a newb, it is very unlikely to get an exception for that account even when you disclose it and will have to shut it down immediately. 
 

Yes they did...The old PASS program was actually very well structured.  The new FACD evolved into a weak and shitty program.  The back office forced mediocre talent into the regions and they were entitled turds.  Good riddance.......now if we can have a real apprentice program that will be good....

as to this newbie......ive got nothing.  How to get to Level 1....gather assets....lots of them.

This guy feels fake. 

Either that or they are hiring clueless people.

im not dfake i am a real jones advisor with a legacy branch i just got 1 million in asset transfer from another adviser who no longer is with jones. i am being told to call the client and ask for more money but the last guy i called said he cant put in anymore. he has a 3000 account and he cant put in more. anther lady has 8000 but whats to redeem it and I told her its a good time to add more money she will think about it so im hoping for more money from her next week.

my performance leader called me to say he wants to see me at level 1 within a year and need to do my business plan so im working on that

what other ways can i get clients. should i ask other advisers for their bottom clients?

Have you considered ESL classes?

What the hell.......thats not how this works broseph......gain trust.  Show them you have half a clue and they will want to consolidate what they have with you.  Whoever is giving you advice in you region is an idiot.

So you think you can be successful but just taking the crappy clients other people don't want?  Do what should have been doing all along - go find clients of your own.

I was going to say remedial English. Unfortunately for the OP the way people conduct themselves here is some reflection of the way they conduct themselves in real life.

Sad, but true.

For the sake of a few specific people I can think of, I hope you're wrong.

Level 10 is million + in production.   I would say avg aum for lev 10 is 150 mill or above.