For the longest time, salaries capped out at grade 15. Now there's grade 16 with a max comp of $450,500. Makes me wonder... is this a move to accommodate the new "managing director" role, or a means to bump up GP W-2 comp while reducing the GP... — read more 

Laid eyes on the merit increase matrix for 2027, and it's as pathetic as the firm's leadership. Since we're all now meeting expectations because it's impossible to exceed (guess they're saving those ratings for EJ India), increases for meets will... — read more 

For those who took VSPs and ISPs, would you ever consider returning as consultants? What would be compelling enough for you? I’m not a decision maker, and I’m asking purely out of curiosity. I know many who happily took the package and made plans for... — read more 

Just got a look at our sad excuse for benefits and the related costs, and for me +spouse + family are up 6.9%. In fact, benefits costs for my family is up 82.6% since 2015 (up 60% since 2020). If I'm lucky to score a bare-bones 3% raise in January... — read more 

I watched the movie Gladiator II the other day. 2 things struck me: 1) as leaders, be careful whom you trust - they may not have your best interest (or that of the “empire”) in mind 2) it’s much easier to tear down than to build up. The Virgil... — read more 

Any current LPs planning to put their money into LP this time or pass? I have serious concerns about where this ship is headed and am thinking of passing on this opportunity as I am not entirely comfortable having my hard earned money go to the... — read more 

This is definitely something the firm is not talking about. Check it out: https://winthropco.com/edward-jones-knowledge-center

Employment Rescinded

Any news on that front?

I’ve been struggling with two questions. Thoughts? 1) ER was meant to restructure the organization and right size it. Phase 1 was focused on Senior GPs picking their leadership team. How is it a year later that 30ish GPs get reassigned and some to... — read more 

Has anyone seen any actual numbers or anything that looks like legit data collection from this thing? All we have gotten so far is AI slop emails from a couple higher ups claiming participation is up (duh, you pretty much forced us to take it) and... — read more 

May as well rename "Edward D Jones & Co" to "McKinsey Graduates & Co" because that's who's really running the firm in to the ground. The current MP office occupant at this point is just a podcast participant and generic figurehead with no respect... — read more 

Yes that was a statement made by leadership. If you were on that call what might be your thoughts if you were or were not ISPed last week? Would you feel comfortable? Would you feel someone genuinely cared? Would you feel safe?

Suzan McD sent word through Amplify today that engagement scores (CES) are up and everything at the firm is great. Penny sent the monthly update saying assets are flowing out at an alarming rate and we need to get a handle on it. And then, my... — read more 

really? Another distraction from doing the primary job of running the firm. Never has there been a MP more focused on playing chess for their own next act than focusing on the job at hand.

Once upon a time, there was a Regional Leader who enjoyed playing the part of Supreme Leader. One day, not long ago, he decided to be generous. He called a lady, a loyal employee, at a Level 10 office and offered her a limited partnership with... — read more 

Hi, This is my first time receiving LP offer. I have received $40K in offer and plan to take it. Though I have read the prospectus, it is dense information and I could use input/perspective from folks who have gone through this previously. 1) If I... — read more 

Good luck, everyone.

Testing is almost completely impossible now.

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 

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's the biggest percentage increase you've gotten at EJ? Mine was 6 percent, and that was the high point.

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 

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 

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 

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 

Did anyone get their verbal LP offer yet?

A mushroom farmer. So are his executive successors today. They keep us in the dark and feed us sh-t. Hello there mushrooms.

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 

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 

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 

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 

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 

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.

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 

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 

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 

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 

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