It seems that the CFAI Jobline has been infiltrated by Ed Jones financial advisor postings. This is too bad, because up until this point the site has been a great resource for quality analyst jobs across the country. I hope the site retains the exclusive edge it has had in the past…but fear that it is headed on a path to ‘Monster’ like status.
+1, I hate seeing Edward Jones financial advisor posting everywhere. I don’t think anyone here is pursuing the CFA with hopes of landing a job as a retail financial advisor. (In Canada that’s what the CSC is for, and I think the US has series exams for that position)
I hate filtering through literally dozens or hundreds of EJ postings
sounds like the CFAI jobline has provided access to some pretty exclusive jobs at edward jones! next: j.t. marlin
What’s wrong with Edjo? Some of those FAs make big money.
OHAI (like your name by the way)- Inherently, nothing is wrong with Edward Jones, or a financial advisor position. And yes, a successful advisor with a decent book of business can make good money. But posting those jobs on the CFAI jobline is out of place, purely because the vast number of people looking at those jobs don’t want that kind of work. I could argue that secretarial jobs at an asset management firm could be posted on the CFAI jobline, but why waste the space? It’s far removed from what the vast majority of posters/readers want or expect to see there.
Nothing wrong with Ed Jones at all, but to echo a previous comment (which I agree with), not too many candidated/charterholders are looking to work in retail financial advising with almost zero barriers to entry.
If someone here is willing to take a bank teller position, is Edward Jones that bad of an option?
SuperiorReturn Wrote: ------------------------------------------------------- > If someone here is willing to take a bank teller > position, is Edward Jones that bad of an option? OK, not a bad argument, I’ll concede you that. In fact, I’d say an FA at Edward Jones is above a bank teller, because it more directly deals with investments [rather than just say, cash and cash-like instruments]. But, when I think about it a bit more, I think I’d stand by my earlier statement and still say it’s really not the place for FA-type jobs. Folks who are candidates [or even charterholders] and looking for financial advisor/sales type roles are by far the exception, rather than the rule. Something like a CFP board seems like you’d get a better pool of candidates for Edward Jones. To go on there and fill the postings with Financial advisor/sales type roles is to take what 3% of the job-searchers are looking for and make it take up 93% of the listings. Frustrating at best, and [if unchecked] will absolutely cause people to stop using the site as a resource.
Wait, how do you know that there aren’t a ton of people looking for Edward Jones FA jobs on the CFA website?
ohai Wrote: ------------------------------------------------------- > Wait, how do you know that there aren’t a ton of > people looking for Edward Jones FA jobs on the CFA > website? No one gets their CFA designation to become an FA at EddyJ. This is my opinion: I do not like Ed Jo’s advisors because it takes nothing to become one. They have a sell sell sell mentality. There is a huge supply of FA’s, why not choose one who has shown their dedication with good education?
numi Wrote: ------------------------------------------------------- > sounds like the CFAI jobline has provided access > to some pretty exclusive jobs at edward jones! > > next: j.t. marlin j.t. marlin is the next j.p. morgan IMHO
Maybe Edward Jones is trying to improve the quality of its FAs.
I saw CFA behind a dudes name on the door of ej.
bchadwick Wrote: ------------------------------------------------------- > Maybe Edward Jones is trying to improve the > quality of its FAs. i would start by rebranding. there is a very negative stigma attached to the name
Yeah there are tons of Financial Advisors who are also chaterholders. But posting EJ FA jobs on the CFA job board is equivalent to getting junk-mail in your e-mail account.
Maybe it’s a sign of the times. 2007 CFA people might have been able to snub FA positions, but we have 2010 MBA people here considering bank telling.
Edward Jones lost any credibility it may have had with me when it hired a kid from my school who had a 1.8 GPA after taking 5 years to graduate. In 2009.
There is nothing wrong with EJ it’s primerica you guys need to fear.
Real Question What do EJ Advisors do? Do they simply push EJ products? Is there real/unique analysis done on individual clients? Overall I’m curious, if this is low cost asset allocation, then it may not be all that bad. But if it is selling front end load 10b-1 fee mutual funds and insurance, then they have no business reaching into the CFA pool.