Jones IR position general question | Wealth Management
Jones IR position general question
Dec 8, 2006 8:38 am
I have been offered a position with Jones has a IR and I am reserved about accepting. I am licensed 7/63 have 2 years in the industry in customer service. I enjoyed it but haed beening on the phones.
I have been looking at Jones like the model and company however I am not sure if I am nervous or just doubtful about position. I am looking to open my branch in an area that is of mixed classes and races. I would have about an 7-10 mile radius from any other branch in he area.I feel there is a need to educate the middle class and minority base more and I know he is money in the particular area. I have an drive to go door to door, as well as sell the products. Yet, I do not want to pressure people into buying unneeded products. I am very hones and ethical person. I am the type that feels there are times when a client needs a "c" share...which means no commission for me....
After reading some of the goodknight program posting and hearing how some of the clients wih less then 50k are given away...I will be dealing largely with these type of clients. I have a hard to understanding why some IR forget where they came from meaning (they started small) I do not want to forget about these folks...
So Questions......
Can I still be successful and make 60- 70K concentrating on such clients?
Dec 8, 2006 8:42 am
Sorry for previous post errors..I need a new keyboard some leters are not working..please bare with me...
I have 2 years in the industry on the phones (trading/CustSer.) I hated phones that is why I left previous company....
Dec 8, 2006 9:03 am
If you are only making 60-70K (net) that is barely meeting Jones standards and they will find a way to get you to leave. Maybe you should look to go into business with someone else and be a sub-producer for them.
cuw44:
If you hated phones, do you think you'll be more comfortable door knocking?
Going to a firm as a sales assistant also requires a fair bit of time on the phones.
Is this the correct industry for you?
Dec 8, 2006 9:49 am
Cuw, not sure this would be for you. You might enjoy years 5+ in the business, but it does not sound like you could make it the first few years. Whether with Jones, MS, ML, Indy, whatever, it's all about pounding the pavement, making calls, knocking on doors...at least the first few years. The "service" end of it plays second fiddle while you are building your business.
Also, your comment about "forgetting where they came from"...it is more about giving your small accounts to someone that could spend more time giving service to them, and could benefit from the potential commissions (and practice) as well. It is really a win/win. Sometimes you end up with too many clients (especially from early in your career).
And BTW, C shares do pay commission, just not upfront.
Regarding 60-70K income at Jones...once you are established (around the middle of yr. 3), the minimum acceptable threshold is $14K gross/mo., so $65-70K is barely making it. If that is what you're looking to make, there are other, MUCH easier jobs to find and make this kind of money. If you are to succeed in this industry, you have to plan on at least 6 figures once you are established (200K+ gross).
Could you explain what it was you disliked about working the phones? That might help.
I WAS IN A INBOUND CALL CENTER... I LIKE PEOPLE AND LIKE TALKING ON THE PHONE BUT NOT TAKING 100-150 CALLS A DAY.....
Dec 8, 2006 11:05 am
You really expect us to believe your crappy spelling and grammar is due to your KEYBOARD? Is that why you missed the second "t" in "leters".
Dude, if you're going to succeed in this business you first need to learn to be accountable and stop making excuses using outside forces as excuses for your own lack of performance. That would be a good start in ANY career.
Well kids, here's an angry PM sent by our short-tempered illiterate advice seeker cuw44. You tell me....can he hack it with this attitude? Read and weep......
IF YOU THINK MY SUCCESS IN LIFE DEPENDS ON MY SPELLING AND MY INFORMAL
WRITING ON SOME FOURM THEN YOU REALLY NEED TO EXAMIN YOUR LIFE..... DUDE
THE WAY I WRITE ON THIS FORUM WHICH HAS NOTHING TO DO WITH MY LIFE, JOB OR THE FACT THAT I CAN BE A SUCCESSFUL.
AND IF YOU THINK I AM MAKING EXCUSES THEN YOU ARE WRONG EXCUSES ARE
MY DOG ATE IT.....I AM TRYING TO GET INFO O SEE IF HIS POSIION IS A
CAREER CHOICE FOR ME....
IF THAT IS ALL THE FEEDBACK YOU CAN GIVE THEN THANKS BUT NEXT TIME DONT BOTHER...
GOOD LUCK TO YOU...MAKE SURE YOU SPELL GOOD WOULDN'T WANT YOU TO GET CANED...OPPS THATS CANNED WITH 2 N'S
ahhhh.... intelligence exemplified....
Dec 8, 2006 1:12 pm
Hey blarm-maybe you should get his resume so you can take it to your BOM? He really looks like Merrill material to me......if you're looking to hire someone to work in the mailroom, that is.....
Dec 9, 2006 6:11 pm
Looks like somebody woke up on the wrong side of the rock...
Jones IR position general question | Wealth Management
Jones IR position general question
Dec 8, 2006 8:38 am
I have been offered a position with Jones has a IR and I am reserved about accepting. I am licensed 7/63 have 2 years in the industry in customer service. I enjoyed it but haed beening on the phones.
I have been looking at Jones like the model and company however I am not sure if I am nervous or just doubtful about position. I am looking to open my branch in an area that is of mixed classes and races. I would have about an 7-10 mile radius from any other branch in he area.I feel there is a need to educate the middle class and minority base more and I know he is money in the particular area. I have an drive to go door to door, as well as sell the products. Yet, I do not want to pressure people into buying unneeded products. I am very hones and ethical person. I am the type that feels there are times when a client needs a "c" share...which means no commission for me....
After reading some of the goodknight program posting and hearing how some of the clients wih less then 50k are given away...I will be dealing largely with these type of clients. I have a hard to understanding why some IR forget where they came from meaning (they started small) I do not want to forget about these folks...
So Questions......
Can I still be successful and make 60- 70K concentrating on such clients?
Dec 8, 2006 8:42 am
Sorry for previous post errors..I need a new keyboard some leters are not working..please bare with me...
I have 2 years in the industry on the phones (trading/CustSer.) I hated phones that is why I left previous company....
Dec 8, 2006 9:03 am
If you are only making 60-70K (net) that is barely meeting Jones standards and they will find a way to get you to leave. Maybe you should look to go into business with someone else and be a sub-producer for them.
cuw44:
If you hated phones, do you think you'll be more comfortable door knocking?
Going to a firm as a sales assistant also requires a fair bit of time on the phones.
Is this the correct industry for you?
Dec 8, 2006 9:49 am
Cuw, not sure this would be for you. You might enjoy years 5+ in the business, but it does not sound like you could make it the first few years. Whether with Jones, MS, ML, Indy, whatever, it's all about pounding the pavement, making calls, knocking on doors...at least the first few years. The "service" end of it plays second fiddle while you are building your business.
Also,
 your comment about "forgetting where they came from"...it is more about giving your small accounts to someone that could spend more time giving service to them, and could benefit from the potential commissions (and practice) as well. It is really a win/win. Sometimes you end up with too many clients (especially from early in your career).
And BTW, C shares do pay commission, just not upfront.
Regarding 60-70K income at Jones...once you are established (around the middle of yr. 3), the minimum acceptable threshold is $14K gross/mo., so $65-70K is barely making it. If that is what you're looking to make, there are other, MUCH easier jobs to find and make this kind of money. If you are to succeed in this industry, you have to plan on at least 6 figures once you are established (200K+ gross).
Could you explain what it was you disliked about working the phones? That might help.
I WAS IN A INBOUND CALL CENTER... I LIKE PEOPLE AND LIKE TALKING ON THE PHONE BUT NOT TAKING 100-150 CALLS A DAY.....
Dec 8, 2006 11:05 am
You really expect us to believe your crappy spelling and grammar is due to your KEYBOARD? Is that why you missed the second "t" in "leters".
Dude, if you're going to succeed in this business you first need to learn to be accountable and stop making excuses using outside forces as excuses for your own lack of performance. That would be a good start in ANY career.
Well kids, here's an angry PM sent by our short-tempered illiterate advice seeker cuw44. You tell me....can he hack it with this attitude? Read and weep......
IF YOU THINK MY SUCCESS IN LIFE DEPENDS ON MY SPELLING AND MY INFORMAL
WRITING ON SOME FOURM THEN YOU REALLY NEED TO EXAMIN YOUR LIFE..... DUDE
THE WAY I WRITE ON THIS FORUM WHICH HAS NOTHING TO DO WITH MY LIFE, JOB OR THE FACT THAT I CAN BE A SUCCESSFUL.
AND IF YOU THINK I AM MAKING EXCUSES THEN YOU ARE WRONG EXCUSES ARE
MY DOG ATE IT.....I AM TRYING TO GET INFO O SEE IF HIS POSIION IS A
CAREER CHOICE FOR ME....
IF THAT IS ALL THE FEEDBACK YOU CAN GIVE THEN THANKS BUT NEXT TIME DONT BOTHER...
GOOD LUCK TO YOU...MAKE SURE YOU SPELL GOOD WOULDN'T WANT YOU TO GET CANED...OPPS THATS CANNED WITH 2 N'S
ahhhh.... intelligence exemplified....
Dec 8, 2006 1:12 pm
Hey blarm-maybe you should get his resume so you can take it to your BOM? He really looks like Merrill material to me......if you're looking to hire someone to work in the mailroom, that is.....
Dec 9, 2006 6:11 pm
Looks like somebody woke up on the wrong side of the rock...