Job Responsibilities
Open new financial accounts; responding to customer/prospect
inquiries concerning statements, stock quotes, EFTs, ACHs,
rollovers, transfers; create correspondence with compliance-
approved Wordpower; plan, organize and maintain monthly seminars,
birthday parties and financial classes; arrange catering services
and/or meeting site complete with menu selection, number
guarantee, pricing and seating arrangement; daily addcash into
customer accounts and subsequent bank deposit; screening calls
and mail; marketing area-wide business for luncheon seminars.
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Job Requirements
Edward Jones requires BOA's in training to complete a 6-months
training course in all areas of the financial field. This
training is completed during work hours on the "JonesNet" - a
dedicated server. You may proceed at your own pace and a minimum
percentage is required to promote to full BOA. Upon submitting
your online tests, immediate feedback is given as to your
standing.
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Uppers
1. Jones has not had a reduction in employees since 1971 - job
security!
2. You are not micro-managed.
3. Jones empowers its BOAs to become team players and managers.
4. Adequate online training is available in beginning, advanced
and special topics.
5. 24/7 assistance is available with the touch of a button.
6. Jones appreciates its employees and constantly rewards us with
shared profits quarterly.
7. Regional meetings are held with adequate mileage compensation,
paid time to attend, quality presentations and lots of goodies
for us to take back to the office.
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Downers
1. Pay scale is much too low.
2. Equipment is outdated - but that is quickly improving this
year and over the next 9 months.
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Lifestyle
I work 40 hours a week in a very relaxed atmosphere. I usually go in at 8:30
a.m. and work until our last client is complete. I have a choice of taking a
lunch hour or leaving early. Overtime is paid without hassle. Dress code is
business casual. Jones has an annual picnic for employees and spouses and BOAs
have a monthly meeting and a BOA movie night. Anytime we are required to travel
to a meeting, Jones reimburses us quite well and we are paid to attend the
meeting. You and your IR MUST click - you are a team and a 2-person office.
Once you find the right IR, you job is heaven!
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Compensation
Base salary depends on experience, education and motivation.
Bonuses are quarterly, providing the Investment Representative is
in the profitable segment. General Partnerships are available
after 3 years of service. 401k options are available after 1
year of service. Full benefits are available with no pre-
existing conditions clause for neither employee nor spouse.
Stock options are available only for senior level employees.
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Advice to Jobseekers
Don't ever think you will have nothing to do. If you are
committed to "your" business, you will seek, find and utilize
many marketing areas. This is a wonderful company and a great
position. We have over 7000 individual offices just in the US -
the outlook is 10,000 by 2007.
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