I’m in Service Division, which just hired 15 or so new employees, at the same time offering several of us VSP. These new employees will not know all the nuances that we more tenured associates (13 years for me) know in assisting the branches with a... — read more
Jennifer Marcontell, former top producer
Since Peacock recently left, here’s the YouTube interview Jennifer did. It was an interesting take on this. Let me know what are your thoughts. https://m.youtube.com/watch?v=K076caqaiO0
Branch Offices - are they aware of this?
I’m wondering if the branch offices (FAs and CST members) are aware of what’s happening to the home office, ER.
What happens if I resign?
If my VSP is denied, I’m thinking about resigning or should I wait until I get an ISP?
Can't take it
I have never ever in my life have had to deal with such woeful incompetence from an established firm. I am at a loss for words. Absolutely no one knows what they are doing here. You have leaders who are confused and do nothing. We have mandatory... — read more
Top FA Fired
Link below, Peacock was one of our top FAs. https://www.advisorhub.com/edward-jones-parts-ways-with-a-top-florida-broker-after-almost-30-years/
Partner Retirement Announcements?
Have there been any more General Partner retirement announcements?
Gee I wonder why we can't hire anyone good?
Maybe it's the cr-p pay, the terrible managers, and rapidly sinking culture. Only someone truly desperate would join this circus now.
Dear Penny
There was a time when working at Edward Jones felt like being part of something rare and deeply meaningful - a place where people mattered more than politics, and where values weren’t just posted on walls but lived in hallways, conference rooms, and... — read more
Why would we let go of good talent
What I don't understand is we have some great talent and great leaders. Edward Jones is letting go of people they have never come into contact with or know what they are responsible for. Great performers. Though, we have tons of folks that don't... — read more
Career Help for Laid Off Employees
I am worried about getting let go are they helping anyone find jobs or getting carreer help? I heard that because it is VSP they are not . Does anyone know?
When does ISP take place?
Service department VSP offer closed yesterday, when do they start the involuntary separation for that department?
Next step for Penny..
What happens if folks don't take the VSP? Currently from a good source I heard it's not a lot of folks.
Why not VSP for all?
I don't get why the VSP wasn't offered to all of us. Only giving it to leaders and the rule of 70 people seems like they want to just cut the rest of us with and not give us a choice. They are letting the poor performing GPs "retire" so I don't see... — read more
I don’t know what to do…
I was offered the VSP. I don’t know if I should take it. I feel like for every pro for taking it there is a con. And for every con for taking it, there is a pro. The severance is good money. But steady income is important. The culture is gone and... — read more
Ode to EDJ
I have been offered the VSP. I have accepted it but will wait to see if my acceptance has been accepted. 🙄 I have given my blood, sweat and tears to this firm for many years. In return I have gained so much knowledge, skill and wisdom. Over the years... — read more
Smoke and Mirrors
After about 6-9 months of actual gaslighting, PP finally ADMITS the firm is laying people off. Several weeks ago, my department is notified that 3,000 Home Office employees are being offered VSPs. TODAY, my department sends an email with a link to... — read more
Transparency Reimagined
In one of the first announcements of ER, I remember reading that they identified a reduction of $250M-500M was needed in Home Office expenses. After PP stated these layoffs are not about money, I went searching for that blurb to no avail. I know I... — read more
New position....
I'm in a new position and received VSP for Rule of 70.... not certain I'm going to last.... I'm a tenured associate and had a moment to almost walk out the other day. I find the Reimagined meetings like the movie "Groundhog day." Repetitive talk on... — read more
I pray every day to be laid off
That's all I wanted to say.
“Humble hustle” borrowed from Citi
See below, even our “humble hustle” slogan was taken from Chubak’s time at Citi. I guess we added “hungry” in there to make it ours. Are we not capable of having an original... — read more
Why are posts getting deleted?
Go Pacers!
Noncompete agreements?
Hi- does Edward Jones have noncompete agreements in place for employees or do any specific divisions have them? Wondering that ahead of time in the event I decide to leave. Thanks!
Are there non-competes for associates?
Hi - are there any non-compete agreements for associates looking to leave? Wasn’t sure if there was any certain stipulations. Thanks!
Heads up to high performers looking to move up
Your biggest obstacle might be your own manager. Mine spent months blocking my transfer because losing me would hurt his metrics. Had to go over his head to HR just to get considered for an internal role. The sad truth is that many middle managers... — read more
Who is going to aquire EJ?
PP made it clear that no plans to go public but she didn't say anything about a merger/aquisition. Large bank? Asset manager? Private equity?
Trying Trying
I’m trying to have an open mind ……Trying to be engaged in the firms results Trying not to tune out elt members talking at us with positivity and enthusiasm when so many of us are feeling significant uncertainty Trying trying trying And... — read more
PP is Hungry
Money hungry that is...
Tim Rea
Is Tim still around or has his departure been announced?
The Edward Jones History Book - Ted’s View on Layoffs
I stumbled across the Edward Jones History book today (searchable on JonesLink) and found this fun tidbit about layoffs when Ted Jones was in office. This is not marked as internal use only. “In 1968, Ted called the auditors in for an emergency... — read more
Dowd Bennett Leftovers
Why does EJ hire ambulance chasing failures that have zero financial literacy? We then elevate them to special DEI coordinator positions. These types of hires do nothing but cost the firm money and provides zero amount of service to clients.
Hustle culture
My manager forwarded one of those "hustle culture" motivational emails yesterday, and I almost replied with my resignation letter. Why do we pretend burnout is a badge of honor? I miss the days when "quiet quitting" was just called "working your... — read more
Family Matters
Tough to post as this may be my last as an associate of Edward Jones. I’m a Christian, and I know many of you are too (and if not that’s absolutely ok), so wanted to just start with a verse of the Holy Bible, it reads: Matthew 11:28: “Come to me... — read more
Involuntary Separation Package
Do we think this will happen if they do not have enough leaders/Rule of 70 take VSP? When do we think VSP & ISP will be offered to associates (non-leaders)?
Edward Jones taught me not to gamble
"Invest for the long term, don't engage in speculative short term 'gambling'." I'm forced to take a gamble on my livelihood; should I take the VSP, knowing they may say no you can't have it or should I take a gamble that they won't terminate me with... — read more
Does PP not care about the destruction of St. Louis and the lack of FEMA support? Or does she just not know?
I've only been with the firm for a short amount of time, but from what I've gathered about Ted, I would suspect he would've been on the ground himself and probably pulling GPs and FAs out of the office to help clean up while putting all the pressure... — read more
Penny Patio Renovation
One needs to start questioning the $1 million dollar patio renovation for Penny patio.......
Human centered?
They’ve talked about being human centered during times of layoffs. I am on my division calls where only thing I see are scared and sad faces. Is this the best way to treat our people? I realize that the org is bloated. Our leaders are at fault... — read more
Coward's Way Out
Senior management insists that the Voluntary Separation Program is not about money, yet offering a VSP to 3,000 employees tells a very different story. One that no amount of corporate messaging can cover up. Especially when the company proudly... — read more