If you are affected and if you have a Jones account, will you be keeping your money at Jones? I realize most of us are small fish to leadership so it probably wouldn’t even be noticed if I took my money out. I have nothing against my financial advisor but I’m not sure where I would go. Any thoughts?
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@bt same. The fees are insane.
I didn't want to move my money here in the first place when I took this job. I almost turned down the job because of it.
There’s no way I’m keeping my hundreds of thousands of dollars that would have built up quite a bit over the next couple of years (thanks to circumstances I hadn’t shared with anyone at work) with this company. They’ve lost a lot of trust in general and no way am I helping contribute to the bottom lines of this leadership team.
I wish nothing but the best to my former colleagues who are wonderful, but part of me is relieved I don’t have to keep pretending everything there is just fine and dandy when the company culture has been degrading for years. So once I figure out what option works best for me, I’ll be taking my money elsewhere.
I took the VSP and leave in May. I plan to move everything I can to Fidelity. If EDJ doesn’t want me here anymore, then they must not want my $2.2M anymore either. BYE BYE!!!!
@a6 if you initiate the move from your new brokerage and call them first, they will often cover the fees for you. You don't have to let your current advisor know you are are moving the funds if you are no longer an associate, they will try to retain you.
Depends on if my fees go up and it's less expensive elsewhere. I really like my FA but if it comes down to my money....well....
If I could, I would move my funds out while being here.
@a6 usually it’s a $95 transfer fee per account, but it’s common for the receiving firm to waive those fees. Something to ask when you transfer out.
i really love my home office FA. She said they aren't making us leave and i hit rule of 70. So commission for me is minimal. I'll stay if she does. otherwise.... buh bye.
I plan to move my assets. Does anyone know the transaction fees to move out of jones to other financial firms?
Better yet, take your account and your advisor with you to a different firm. Enough people do that and someone may notice….
good joke. heckno fees are too high
I retired from Jones 3 years ago, but moved all my money to Raymond James. I left one trust account for my LP interest. I don’t regret the move at all. Good luck to everyone at Jones.