Thread regarding Edward Jones layoffs

Just biding my time at this point

I am so sick of all of the non-stop change that isn't improving a g**mn thing around here. I'm sick of being paid below market, considering all of the licenses I'm required to hold to do my job. I'm sick of HQ people punting every question to another department because they don't know the answer and their leaders don't know what the word accountability means. I'm tired of being the whipping post for every FA that is having a bad day or is told to do something they don't feel like doing.

Therefore, I'm going to su-k it up for just a few more years until I reach the Rule of 70 and can keep my LP units (for whatever they're worth), then I'm out. There are plenty of firms in this industry that will pay far better than Edward Jones.

I hope that every last bit of this Enterprise Reimagined backfires in spectacular fashion and leaves PP/DC and the rest of the ELT that's ruined so many lives on the hook to figure out how to run a firm without any US employees that give a chicken fried f**k about the future of this company.

I'm done. Almost 20 years of my life reduced to hating the place I go to every day to barely break even.


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| 12 views | | 9 replies (last March 17) | Reply
Post ID: @OP+1kkhntb59

9 replies (most recent on top)

I don’t have an LP or care to. But I’m at the point of seeing how long I can get away with not working, taking all my sick time, and getting paid till they fire me… I wish I were joking.

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Post ID: @zz+1kkhntb59

@OP , I submitted my resume to 3 companies recently. The salary is 3x what I make at EJ. Fingers crossed I can get some interviews.

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Post ID: @rb+1kkhntb59

@dz , you're correct. We don't know how much folks have in their LP if they opt to work for another financial firm. We also really don't know about the new offering of B shares offered this fall. If someone wants to leave and they have an LP so be it.

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Post ID: @e1+1kkhntb59

OP, you won’t be able to keep your LP and get another job in the industry. Someone else correct me if I’m wrong but part of the rule of 70 agreement is that you are not able to work for another firm in order to keep your LP.

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Post ID: @dz+1kkhntb59

@OP Will backfire 1 day. LCR is rubber stamp now. Anyone with concerns is reimagined. Smartly done and has plausible deniability. ELT thinks fines are ok if profits > losses. New business model.

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Post ID: @dv+1kkhntb59

@d2 T- hat is not the way LP capital works. You invest your own money and when you liquidate, you get your own money back. You are not taxed on the money you invest, only on the dividends you receive, which are taxed annually.

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Post ID: @dt+1kkhntb59

@d2 I have enough LP capital accumulated that I don’t want to deal with the tax consequences of liquidating. Plus, on the event that this place doesn’t go to absolute h*ll, the income stream would be a nice thing to have.

It’s not because I’m dedicated, I just don’t want to pay more in taxes if I can avoid it. Plus, the thought of bailing out to make more at another firm while the partnership still has to pay me every month for the rest of my life makes me smile.

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Post ID: @dh+1kkhntb59

@OP , why would you wait till the Rule of 70? I meet the Rule of 70 and I'm not waiting to see what happens at EJ. This place will turn on their employees in a heartbeat.

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Post ID: @d2+1kkhntb59

Ge-z, we sound like the same person, but I'm out of F's to give at this point. Been firing away at whatever jobs I can find at this point. I got bad vibes for what 2026 has in store for us. I think ELT is now actively at war with the associates and they don't care that the mask has slipped. Unbelievable how in just a couple years we went from a great reputation in STL where everyone assumed they would retire here, to now this freak show dumpster fire run by clowns and literal psychopaths.

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Post ID: @b3+1kkhntb59

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