I submitted my internal survey feedback, and I did not hold back about how broken matrix teams really are. I want my leader to be someone I am in the trenches with every day. Instead, I get loaned out to separate teams while my formal manager sits on... — read more
The MP Horserace
It’s gone pretty quiet lately on the race to pick up after the mess Penny is leaving behind. What’s the latest odds? Is “Mr. Hustle” Chewy still several lengths ahead? I can’t imagine anyone is still talking seriously about David G or KJ? ... — read more
What was your biggest raise at EJ?
What's the biggest percentage increase you've gotten at EJ? Mine was 6 percent, and that was the high point.
HBA = needs improvement
It seems like if you are an HBA, a lot of managers are pushing for needs improvement to try to push out HBA’s. Mine came as a surprise, with a PIP, doesn’t seems like they want improvement but a resignation/termination. This place has changed so... — read more
Since "Open Thread for June 1st RTO" was deleted...
here is the archived version: - TheLayoff.com archive: Edward Jones, "Open Thread for June 1st RTO:" Complete capture of the deleted thread: the original post + all 43 replies, with vote counts, reply rels... Full post text... — read more
Be careful how you deal with problematic leaders at EJ
A senior leader kept making derogatory remarks, so I eventually stopped engaging with them socially. After that, my manager started ignoring my contributions, and not long after that, I suddenly had a bad performance review for the first time ever... — read more
LP Offering
What's up with this $1.2 billion offering? Where does the money go? This is the first time I've been eligible for LP and none of this makes any sense. No projections? No baseline roi expectations? No specified purpose for raising the funds? A... — read more
LP offer
Did anyone get their verbal LP offer yet?
Ted was a farmer!
A mushroom farmer. So are his executive successors today. They keep us in the dark and feed us sh-t. Hello there mushrooms.
Stop doing business with Edward Jones
One of the most effective approaches to damage a firm or companies reputation is to share how poorly they are treating employees. Most clients will stop doing business with Edward Jones and I would imagine it will pursuade others from wanting to do... — read more
Busy Work
Yeah culture has changed but what about stuff we still do that makes no sense? Trimester review. I have a 10 person team, my dl has 7 so I have to write 40 reviews a year and he has to write 28. There is nothing anyone can do anything about in a... — read more
Trust is Our Currency
Penny said (and I’m paraphrasing) “We are in the business of serving clients, and trust is our currency.” Well, guess what? That applies in the Field as it does in the Home Office. And the thing about trust is… it’s hard to gain, easy to lose. How... — read more
Next Round of ISPs
Rumor has it the next round of ISPs will take place later this year and in T1 2027. Any truth to this? On the one hand, I’m sad to hear it, knowing many families will be impacted. On the other hand, I’ve seen too many instances of friends hiring... — read more
Hey Y'all...
Time for the trimester update! Predictions: PP may or may not be there, but will at the very least have a pre-recorded message and be wearing a blazer with at no less than 3 gaudy colors. The phrase "We hear you, we feel you..." will get... — read more
Big money from investors
Marketing got a whole lotta $$$ from an investor group two weeks ago. But gotta use it by end of 26. How does this group roll? Nothin smooth. No job seem safe and keep fillin these peeps with contract folk.
AI Hype
I love this company. I came here from a completely different industry 5 years ago. I was drawn by the owner’s story in a Harvard Business Review article. I still think it’s a great company, on the balance. What I wish the leaders would understand is... — read more
More May Come
Read the HO QA questions and the ELT answers and seems to me like they will now be masking ISPs and layoffs with a term titled Future Ways of Working… I am all for the future and the tech we can invest in but my issue is we are nowhere ready for all... — read more
2025 MP/GP/ELT comp
https://www.financialadvisoriq.com/c/5115064/722894/edward_jones_chief_penny_pennington_dips According to this article, PP's income took a 3.5% cut and only took home $27.8mil in GP earnings. In fact, the top 6 partners (including FL who's now... — read more
Rumor Has it…
They are eliminating all of the TLs in practice management, giving them 60 days to find a new job in the firm with not many other details provided on what then. As many of us saw, once you were ISP’d there was no going back, you were black balled... — read more
The leader litmus test
There are two types of leaders. The confident ones hire the best minds around them, people who'll challenge them and give honest advice. The insecure ones hire yes-men. The second kind is running this company straight into the ground, and they're... — read more
United Way trivia event:
Am I the only one that finds it odd that this large charity event we hold every year does not have our MP anywhere near it? I swear this woman is a ghost and is checked out from this company. She makes time to fly around the country for photo ops at... — read more
Digital Town Hall - GCC India update
Heard the update on GCC. A lot of questions were asked by attendees of which some were selected for response. The answers were non-answers which was not surprising. People can handle uncertainty and difficult truths much better when they are... — read more
Sc--wing over Class A LP holders
In the new LP filing, it looks like capital is being restructured in a way that totally sc--ws over Class A LP holders. It appears the new Class B has no guaranteed return, but will receive all variable profits. It appears Class A retains the 7.5%... — read more
Digital managed solutions
As a CFP is it my fiduciary obligation to recommend clients pay .65 vs 1.35? Nice to know exactly what full service advice costs the GPs.
CES
I highly recommend to fill out the CES that was sent out and make sure to put in comments. I am not sure how much ELT will care about these, but they at least get shared out in meetings with results and that has some importance.
Home office compensation
For decades, Edward Jones’ home office compensation and benefits have been well below average. 20% below-market salaries and bonuses; terrible health benefits; stingy PTO; a pathetic $500 401(k) match. Although there’s a heavily-trod path of young... — read more
What Happens If Associates Do Not Participate in the Class B Purchase
If the workforce collectively refuses to sign the promissory notes or buy into the new Class B LP structure, the firm's engineered restructuring playbook faces a critical roadblock. Management cannot easily absorb the capital shortfall, leading to a... — read more
The Private Partnership Exit & Debt-Shifting Playbook
Stage 1: The Valuation Peak & The Secret Trigger The Catalysts: Historical peak returns (e.g., 50%+) begin a sharp, permanent downward trajectory toward lower double digits (e.g., ~23%). The Executive Realization: Aging senior partners realize... — read more
LP Update Nothing Burger
Was it just me or was that LP update nothing new?
LP Liquidation
Does anyone know how long its taking the firm to liquidate LP's after ISP? My last day was July 2 and I still haven't gotten my LP liquidation. Just curious if anyone that had an LP after being ISP'ed can tell me about how long it took to get the... — read more
Edward Jones named to the PEOPLE’s 2026 Companies That Care list
We home office associates find this award horribly ironic. Wonder how much they had to pay to make it on this list.
PP sighting off campus over weekend
I’m a former Jones associate who was laid off through a VSP. I was at West County Mall Saturday with a friend who also used to work for Jones, but left long before the current nonsense. After we parted ways, she stopped at Michael’s and ran into... — read more
Public/ Private
PP said we’re not selling the firm. But do you think going public is a possibility?
Are HBAs sc--wed?
Worst case, they will be asked to relocate to St. Louis or Tempe at some point soon. Best case, they will be allowed to continue in their remote roles with no prospect of advancement. I would love to hear your thoughts.
What's severance like these days?
I've heard everything from 3 weeks per year down to 2 weeks total. Where's the actual official info available?
LP Structure
Why would anyone take this. Here’s a few things I’ve thought about: You have no control or say over how the firm is run No covenants and Class B has no rate floor, so you are last in line for any payouts If something happened in the... — read more
AI response quotes my opinion
Just an FYI for you. I entered a comment (on this site) about how Jones is reducing payouts on LP A share and provided my conjectures on its future. I was searching for sites that might provide more information on the offering. Guess what— AI quoted... — read more
I Am The Richest Woman in America
I'm the richest woman in America. I have a firm that despises me due to my faults. I have 10 ELT members. Two love only themselves. Each of them loves no one but one is very loyal. I have a wardrobe that transports me to the “big tent” that I... — read more
I think my leader is antisemitic
What do I do
Home office meeting was a joke
Their answers to questions were so bad. They are so disingenuous. There feels like there is so much more of a push to do more work and their answers are just around that they do so much research on pay, bonuses are good, etc. We don’t buy it. Why... — read more