FAs typically just sell whatever their company offers. They have no incentive to distinguish between good or bad products, since their fees tend to be based on % of incoming funds, not the performance of the products. This is the same for EJ, Ameriprise, or certain divisions of big banks like JPM Chase, BoFA, Wells Fargo etc. Whether or not it’s their business to recruit CFA people is up to them. Having a CFA charter (or trying to get one) doesn’t make someone super special, especially in a recession.
where do u guys get “an MBA looking for a bank teller job”?
EJ to chartholders is like H&R BLock to CPAs.
delero Wrote: ------------------------------------------------------- > EJ to chartholders is like H&R BLock to CPAs. This.
CPierce Wrote: ------------------------------------------------------- > There is nothing wrong with EJ > > it’s primerica you guys need to fear. OMG, yeah. I went to a Primerica “Interview” in August of 2008 because I hadn’t gotten any bites on resumes I was sending out. Their first question, “DO you know what the stock market is?” I was the only person in the room wearing a button down shirt. Even the name makes me feel grimey, Primerica, the name sounds of mediocrity.
delero Wrote: ------------------------------------------------------- > EJ to chartholders is like H&R BLock to CPAs. nice
I am curious about ejs products and services. I’m familiar with ameridump and the loaded 10b-1 fee mutual funds and, annuities, and vul insurance policies. Most of this is one size fits all financial advising. But how about ej?
What’s a 10b-1 fee?
12b-1. My bad. Fee for the funds advertising, promotional expenses.
QuantJock_MBA Wrote: ------------------------------------------------------- > 12b-1. My bad. Fee for the funds advertising, > promotional expenses. Yeah I know - sorry, just being a smarta$$.
ASSet_MANagement Wrote: ------------------------------------------------------- > OMG, yeah. I went to a Primerica “Interview” in > August of 2008 because I hadn’t gotten any bites > on resumes I was sending out. > > Their first question, “DO you know what the stock > market is?” > > I was the only person in the room wearing a button > down shirt. > > Even the name makes me feel grimey, Primerica, the > name sounds of mediocrity. Had a similar experience with them coming out of undergrad many years ago. The amount of misinformation they were putting out was mind numbing.
Primerica = pyramid scheme.
Primerica = the only “finance” company that has ever offered me an interview. FML