Thread regarding Edward Jones layoffs

@29y The company does not want actual leaders who question stupidy and provide a check and balance system on some of the detached ideas GP/Directors come up with. No, they want yes men kool aid drinkers who will wear the suit jacket, kiss their a$$, and find the next position to outsource. Oh, and don't forget to have an OCD obsession over sales force reopened cases with no context. Somehow, this is the end all be all of home office...a reopened SF case number.

@29y , it's not just the leadership. It's the outsiders not knowing the EJ culture.

The home office experience is equivalent to medium security prison. Several of us in the Home office are unfortunately experiencing new leaders replaced by good experience leaders. The new leaders have no leadership experience no people management experience. If if anyone question this decision, they’re bullied given bad assignments and treated badly. This is the new culture. This is the Edward Jones of today.

@1aq Everything is fine though according to CES survey results. Everyone is happy and we are crushing the expectations! The new GCC india and EDJ bank in utah will magically fix all this and have clients running back to us. Once clients see that we have gone all in on the AI slop bucket, there will be nothing that can stop us! Raymond James will be begging us for a partnership. /s

According to pp it's way more than that figure you claim. Look at her outflow stats per day per fa and do the math. Your claimed $3B figure is only a chump change rounding error compared to aum for ed jones. Outflows are actually huge now, and accelerated. Not your very tiny claimed figure.

@a2 , I think you should do what makes YOU comfortable. If you were offered an LP of $30k and can pay the full amount, do it. I know the LP was offered in different monetary increments.

I personally don't see why it would hurt to put some cash in the LP and see what happens after the 1st quarter.

You get all the money back if you want to liquidate.

@fa, I've never been happier making more money elsewhere like I am now. The past 5 years at the firm took a toll on me.

I knew the writing was on the wall when DC showed up.

Whoever remains there in 2027, I wish you the best of luck. Once a best places to work has become the worst place.

@fa I can tell you are out in the field because everything you mentioned is what the FAs and BOAS complain about on the phone calls or any off the record conversations you have with them around st louis at social events.

They report closer to $4B. What's worse is that those are only the publicly reported moves. There are probably 2x if you include unreported. I know &Partners has taken a lot more than the one on this report.

I’ve worked with the field for four years. I recognize A LOT of these names. The firm has been fighting attrition since 2024 and STILL can’t seem to pull their heads out of their as--s to figure out why FAs are leaving.

First you forced SalesForce, then Money Guide, then everyone needs to become a CFA of some sort so they can adequately “use” money guide. Then they are so focused on hiring diversity in the field versus actual people who want to work as an FA and they waste time, money, resources and the efforts of region and performance leaders (not their name anymore) trying to skill up these id--ts they hire, only to lose most in the first few years to another firm. Mess with bonuses, take away CSTs, forcing single offices into multi offices. Sh---y technology, outsourcing home office to India.

They try to fancy up flight risk FAs with a Vet FA Home Office event that costs the firm $70k to bring in 40 advisors from a few regions to STL and blow smoke up their as--s (and bring the “hype”) to the field with leadership GP speakers who have no idea what actually goes on at home office every day.

I don’t blame FAs for leaving. I don’t blame Raymond James for taking advantage. Or & Partners. Or anyone else. The same goes for home office employees. As they leave left and right for competition at higher pay… EDJ slowly sinking. Ted & Pat rolling in their graves.

We may have lost some great FAs but the firm isn't afraid to trim the fat. I talk to A LOT of advisors, with some I am utterly puzzled how they maintain any clients. Perhaps some of these numbers reflect the FA hiring frenzy was too aggressive.

Looks like raymond james is taking a lot of our people. Ive also noticed we are setting a new trend where we only report the "good" numbers without any context to the market being highly inflated due to 1/3 of stock values tied to AI. This article goes into how we don't report attrition rates anymore, so it will be interesting how the numbers shake out by year end. Last year lost close to 1500 FAs and that set a new record that was swept under the rug.
https://www.advisorhub.com/edward-jones-roster-growth-stalls-asset-flows-jump/

That's crazy! The website also shows specific advisors and their locations that left EJ. I knew it was bad but was not aware how much had left in 2026!

Those that have been offered LP are you planning to take it or keep your money and see how this plays out?

I have always taken the full amount offered but for the first time ever I do not feel comfortable handing over my hard earned money for a new LP offer that's variable with no guarantee or floor if profits are down.i think I'm going to do what EJ used to do and not rush into opportunity but rather test the waters before jumping. After all we are being told these offers are supposed to come every two years in the future. I may let this one pass and maybe try the next offer.....