You can spot an L3/L4 leader from 100 yards away. They stick out like a Weird Al ringtone at a funeral. No stress on their face, they’re weightless despite the gravity of their decisions. Be better. It doesn’t take much.
How does Penny have 73% approval on Glassdoor?
How? How many folks do you know who actually think she's doing a good job?
New job, leaving this dump
Got a new job and put my 2 weeks in right before this mess unfolds. Good luck everyone
The Time to Stand Up Is Now
The firm cannot function without Limited Partners. We are the engine, the gas, the tires — everything that makes this machine move. The General Partners may steer the wheel, but we’re the ones doing everything else. And how do they thank us? By... — read more
Moving assets
I just looked at the transfer and account closing fees at EDJ. They're really going to stick it to us when we take our accounts elsewhere.
Find another position?
I checked the external Edward Jones site for careers and there are only 11 jobs posted for headquarters. So much for finding another position. I’m not in the office right now, but a coworker said there were no headquarter jobs listed on the internal... — read more
DEPPI
Amplify made me look at the org charts they sent in June and is it me or is Jones leadership now just PP and friends? Women, new yorkers and indians i guess. Even the few blacks got pushed out. When they went heavy on DEI I was fine with it. Been... — read more
Edward Jones planning layoffs before the end of August
Edward Jones will reduce the size of its home office that employs more than 9,000 people by the end of this month, but it’s unclear how many will lose their jobs or how deeply the St. Louis area will be impacted, the company said... — read more
Conflicting Messages from leadership
Aside from the doublespeak (giving words different meaning), we were told the purpose of ER was to ‘reduce layers and increase spans’. We were told, ‘this isn’t about money or profits, the firm is doing great!’ But now we are being told each area has... — read more
It wouldn't be the worst thing to be laid off
Things have changed so much. These days, promotions only go to people who repeat whatever leadership says. Used to be a place where new ideas mattered but now it’s safer to just nod along. You speak up and suddenly you are not on the list for... — read more
Why even wait 10/11 days?
Clearly they already know who is staying or going. What is the point of announcing this now? I’d be fine with receiving the Amplify news and then receiving the “fate email” later today or tomorrow. But now we’re faced with 8-9 business days of faking... — read more
ER …Reminder…
Don’t forget to clear your calendar after you learn of your fate on 8/25 or 8/26. They want to give you space to appreciate the moment and get you ready for the fun ride that’s to come.
PP must go!
Second quarter net new assets and household growth are both down. FAs are leaving. Home office productivity and morale are at an all-time low due to the 6 month enterprise reimagined debacle. This is a colossal failure of leadership. She has... — read more
New EJ Contractors
I know some associates who hold MBA’s from accredited colleges/universities whose positions are now being performed by home based contractors in India. Does anyone know the employment qualifications for Indian home based contractors? Are they same... — read more
Where is PP?
We are due for an inspirational talk. When is the next one?
ISP criteria
The ISPs will be communicated in a couple of weeks and I know many of us will be impacted. The cascade 2 process feels like a black box. I hope the ISP selection criteria is objective - i.e. based on criteria like skills, capabilities, performance... — read more
This iteration of ER feels like a repeat of every other reorg/cuts
More layers of useless management will be added so those who play the politics can secure cozy spots. Meanwhile, the reliable people who actually do the work will be targeted, unless they’re still needed as the mules carrying the load for others. We... — read more
Listen to your body
About six months ago I left my job at EJ after nearly 20 years and honestly it changed my life. The constant stress and toxicity were ki-ling me, to the point where my blood pressure was through the roof. Almost a year later, I’m off meds and feeling... — read more
Need some updates!
I wish we could get an update. It would be helpful to know targets in each department. Wondering if it will impact leaders more than associates. Who’s going to do the work if they remove associates? Already super lean
WMFM open forum
Did anyone catch open forum yesterday? How come all of the L4 leaders of chuy so nervous? Chuck, Russ and di seemed to be so uncomfortable when they were answering questions.
Unused Sick Days and Vacation Days
Does anyone have idea if the unused sick days and vacation days will be payed out, either VSP or ISP?
Good days/bad days
I have my good days and bad days at the firm. Opted to not take the VSP and I'm torn. My mental health is important to me and so is providing food on the table and paying my bills; like everyone else. Won't let me guard down, but I'm certainly not... — read more
It's different, but is it better?
When ER was first announced, I thought it could be a decent idea. Cut the bloated leadership, weed out the toxic people who are just here to ladder-climb, prune those who clearly don't carry their weight. Focus on work that helps our branches and... — read more
What’s the difference…
…between EJ associates and leaders? EJ leaders lick the boot as it steps on them.
Employment Contract
does anyone have a copy of their Employment Contract with Edward Jones?!
How is adding an ELT member for Penny’s office aligned with ER? So what is she actually doing?
Is anyone else wondering how adding a new member to ELT – someone who manages the managing partner’s office – is helping accomplish a stated goal of enterprise reimagined (reducing the number of leaders)? And really, if our managing partner needs... — read more
LP - liquidate now?
Is anyone else thinking about liquidating their LP while they still can, even if they survive this nonsense? I have zero trust left in the ELT. I'm wondering if I should liquidate now to at least get my money back. I don't think I will ever invest... — read more
Hold Times Will Get Much Much Worse
Former HQ associate who left recently due to severe psychological challenges which were brought on by working at Jones. The forces training that is going on is so bad. They are forcing associates who are not completely comfortable in certain topics... — read more
The uncertainty is ki-ling me
Lately I can’t shake the feeling that everything could fall apart with one email. Does anyone actually feel secure anymore or are we all just pretending?
Not an ideal client
I am a tenured associate but not an ideal client. I don’t have 250K of investable assets. But I save my money, have invested in the 401K and am a limited partner. With all the leader changes and firm changes, I’m starting to think my money isn’t safe... — read more
Such Poor Taste
I’m an HC associate and yesterday Suzan sent out the HC Newsletter. Not sure if she even writes these, but it was in such poor taste. Rather than highlighting and thanking the 500+ associates who will start to depart next month, she kicks off by... — read more
Edward Jones = CHAOS
Utter chaos. Too much change at one time. Many people making decisions who know absolutely nothing. This is not going to end well.
SOS
It’s so bad. A lot of people are in a really bad place as we wait to hear what happens. I’m doing the job of 3 people. This isn’t the Jones I know.
Freedom Day
From this point forward, September 5 shall be officially recognized as Freedom Day in my household.
Pooling
Thoughts on pooling? Seems like that will be the source of most of the ISPs as they repeatedly mention reducing duplication.
Wrong leaders
Some of the GPs that are leading the cascade 2 design are not qualified to do so. Despite the known gaps in ability somehow they survived the cut again. 😒
People are losing their jobs while you throw money away on a coffee shop!
So let me get this straight… They’re building a new coffee shop in the Manchester building and redesigning the floors to be more modern—while laying people off?! What a joke. This is the opposite of being human-centered!
List of GPs reimagined
When will they release the list of GPs that were reimagined? Does anyone have one? And why are they calling it “retirement”? I have associates in my area that really think our GP is taking early retirement and congratulating him when that’s not the... — read more
How does Edward Jones handle employees that have an external job offer?
I'm essential to my team and have been waiting for a promotion for ~1.5 years. I'm about to get an offer for +50K, which would necessitate me to go from an 11 to a 13. I'm wondering if EJ would even remotely consider making a realistic counter... — read more