I am going through the interview process at Edward Jones. I have heard about the goodnight asset sharing from several existing FAs. How much in assets typically get shared?

like
Posting as :
works at
You are currently posting as works at

That's a touchy subject. The Goodnight is a great way for the organization to get new advisors to join the firm - usually in areas they want to expand but veteran advisors don't want to move to. Also, the $5M are households of $1000-maybe $150k and a LOT of them. So veteran advisors use it to clean out their books - and they still get 50% of the commission trails for a period of time - usually 2 years. For you it's good in that if you work them, they are at least warm leads to talk to, learn the business, etc. It's good all around, but don't think that's your business 10 yrs from now. Statistically you lose 60% of those clients in 5 years, but that's ok - they're not the ideal client you want to keep. It's a good thing for everyone involved- but it's not going to support you. You need $20M+ to be successful, which is why EDJ puts you on a 5yr/$26M asset growing plan. Hope that helps.

like

$5 million in assets is normally the low end. I received a $20m goodknight and $20m RTP 2 years later and I was very fortunate. $2.5-$10m is common. Just depends on the region.

like

I just got hired and am only getting 6. Is there a way I can source additional goodknight assets from others in the region?

Can someone explain “goodnight assets”

The guy’s last name that developed the program was Goodnight.

like

Got 5 but honestly would've been better off without it. Went Indy a few years and only have 2 clients from it still with me. Also - definitely favoritism in how assets got divided up

Related Posts

like

Hi all, I’m looking to switch into Strategic Finance at a tech company and was looking to chat with someone in a similar role. I have total 4 yoe, the last 3 being in a quant role at a major valuation firm. I want to switch into a more cross-functional and strategic role while still working in finance which is why a strategic finance role seemed a good fit. Finding it tough to get interviews so looking to connect with people in these roles. Thanks!

like

Hi fishes, has anyone attended Accenture Test Automation interview? Do they ask to write code or tell code lines???

Hey guys, so I just finished my final interview on Monday (today's Friday) for a company in Norway and was told to wait until next week as they're interviewing this week. It's been a few days and has been replaying the entire interview on my mind wondering if it was alright. What do you do while waiting? I need to take off my mind from worrying - obviously I want this job so badly!

like

I am currently in oracle with very good work life balance, and the manager is pretty chill and does not ask updates like everyday , not a lot of meetings as well and quite recently got an offer from JP morgan. JPMC team is credit risk and role is not fixed yet, that will be decided after onboarding .Want to know how is the WLB there compared to oracle. Can I settle down in jp morgan. I am tired of giving interviews and looking for new jobs 😞

like

Boston Consulting Group How long does it take from submitting an application online to next steps (either interview or rejection)?

like

Interviewing with a tech company. Intend to join only in January. Can I state that upfront in the interview? Or do I pretend it’s immediate and negotiate date after offer?

like

So I recently started a position with Fox. When it was presented to me in interview, I was told I would be working aligned with Fox Sports & Entertainment, not so much News. Now that I’m here, I’m seeing everything I’ll be doing is with the News team & makes me uncomfortable. No diversity, outdated software & process.
Financially, it’s the best position I been in. But mentally in this environment, it’s depressing & slow. Nothing innovative or engaging. What would you do?

like

For experienced accounting professionals considering a transition into a career with solid work/life balance, a fast-growing biotech company near San Francisco is hiring for a SOX Compliance Manager and Senior Accountant/Manager roles. Roles pay well over $100k.

Generous benefits, fun company culture, and VERY favorable stock options. Message me if interested, and I will try to screen you for an interview!

EY-P 🐠, I’m looking to interview for an SD role doing M&A IT at EY-P. Would anyone be willing to share their interview experience with me.

like

I have been shortlisted for interview in Accenture for JavaScript Developer on this coming Saturday.

What questions will the ask? Is that tough to crack?
How many rounds do they normally take for getting hired?

Please let me know

like

What kind of questions are asked in tech interviews around respect? I’ve done a Google but haven’t found much.

like

Hi fishes! Nagarro declined the counter offer letter ₹33,00,000 + shares worth 4.5LPA

I've 6+ yrs experience (mobile dev.)

Nagarro offered 18LPA. Initially I told HR for 22 but he mentioned 18 into their internal portal to their senior so after clearing all interview rounds I got 18.

When I asked the HR, he told me to accept it for now and bring the counter offer letter so they can revise offer letter.

But now they declined. Weird.

like

Upcoming MBB interview, I'm working really hard to be prepared and to succeed. Now I'm worried that if I do get the offer, I'll struggle at the job because it isn't coming naturally to me.

Thoughts? Advice?

like

Hello All, I have applied for an open position in Ralph Lauren however, I have not yet received any call for the interview. Can someone please help? I need some reference to join. 5.5 years experience in SCOM Administration. Looking for technical growth after maternity break.

Mckinsey 🐟🐠 - Anyone have insights into applying to Asian offices (greater China/Singapore) as a second generation Chinese-Canadian? I am fluent in the language but have never studied/worked in those regions except for a brief exchange semester. How should I go about it without any connection to those local offices?

like

Does anyone know PWC advisory is still hiring freeze? I got positive feedbacks on interviews, but recruiter said they are waiting for approved hiring plans

helpful

Hi Accenture
I gave my technical interview and cleared it, also submitted my documents and was waiting for HR discussion but now they have changed the status to below , just wanted to ask are they going to offer me or should I lose hope for Accenture India

Post Photo
like

Has anyone here ever worked at CareerStaff Unlimited? What was your experience like? I interview with them on Monday. Thank you!

like

Any advice or insight into Deloitte DevSecOps interviews or even Security interviews at Deloitte in general Deloitte

like

More Posts

Are your bonuses paid in cash, stock, or through deferred programs?
What level are you?

like

Thoughts on GTO coin? I just bought 5k yesterday....it's only on binance and they are partners with tron (TRX)

Hello guys!

Any idea if HR will be able to help with offer letter? My profile is stuck at evaluation in progress from quite some time. All the interviews and negotiations are already done.

like

How long does it take to get offer letter from MasterCard after HR discussion ?

like
like

I was really hoping for Rothy’s to have at least 1 black Friday deal 😏

like

Who in this group does groups with Eureka Math?

like

I am hesitating to take lead role. But for my experience (8 YOE) I will have to take up that role at least in my next switch.

Could you please suggest me how can I come out of this fear. I am afraid of taking lead role because of below things.

1. Taking ownership for entire team deliverables.
2. Had to attend every requirement call and as well as technical review calls. (When BA is not good, need to provide acceptance criteria points).
3. Providing and justifying resource/work estimates.

like

I work at a medical device manufacturing plant as a training coordinator, I have a military background and a degree and am trying to advance but am feeling stuck. I am a literal jack of all trades, and am trying to get out of the hourly life, I’m working an average of 100 hour weeks and have been for at least the last 6 months.

like

Forgot to set my lineup and left Kamara in. How lucky am I to still win this week? 🥲

Post Photo
like
like

PwC: for those laid off, how much does Cobra cost for us? Or can someone point me in the right direction? Only have 2 days to transfer 401k, wealth builder, and insurance/etc so scrambling now

like

Shoutout to the strategy manager 1 in the saltie girl thread, just had buttermilk and bourbon for the first time and I’m in loveeeeeeee

like

Anyone have direct experience working for Avalere or Ipsos? Weighing between Consultant roles between them and both are offering around $125k-130k base

like

I’m quitting two weeks before my coworkers maternity leave starts. They told me I’d have to cover her work and there’s no way that’s gonna happen. Also I just got into grad school.

likefunny

How likely would your agency be to sponsor a visa right now? I feel like it’s a bit of a lost cause. For context, I’m a Canadian looking to make a move back to London at an AD level (worked there previously as a Sr AM on a Tier 5).

like

I’m a dental assistant with 12 years experience. I have been staying home with my kids for the last 10 years but recently went back to temping. I would love to find something that was work from home instead. I have a passion for dentistry and the gut/oral health connection. Im also getting my Holistic Gut Practitioner certification. Anyone know of anything that’s work from home?

Which island to stay on in Hawaii if looking for a mix of exploration/culture/relaxation? And would you recommend air bnb or hotel? (Not a member of any loyalty programs)

like

Do Infosys provide permanent WFH ? Or they force to join from location.Infosys

like

Additional Posts in Financial Advisors

Does anyone put money in VAs for a business client? What are the PROS/CONS/DIFFERENCES? Scenario: 5 doctors want principle protection first and growth of principle second. Each doctor is 20% vested. The business is cash rich and time horizon is 3 to 5 years. Thoughts/Advice welcome. I already have the potential company/product with no surrender period so I don’t need referrals but I’m thinking there will be at least one person who only reads part of this post and referred me anyway. :-( TIA

like

Do you all find time to read books for pleasure with jobs like ours?

like

Anyone have any experience as a franchise owner? Looking to diversify....

like

What’s your credit score and debt amount?

Married peeps, joint or separate checking accounts?

like

How would you handle a person at your job that makes inappropriate jokes in public? Just curious ...

likehelpful

How much travel would you consider to be reasonable on a daily basis for a client?

likesmart

Who here votes proxies for their client? Who here doesn't care at all?

like

Anyone use a Mac for work? Can it handle Excel and PPT?

likehelpful

Thinking about having my wife stay home w/ kids. Her job pays 100% of our health benefits today. Curious, are there options for group health insurance through like alumni or other associations? Cont

like

Things I miss about my 20�s: waking up without heartburn.

like

Laziness vs adult ADHD, how do you tell the difference

like

How much do y’all make - but for real

like

How do you sign your emails? Close with �Best�? �regards�, etc.?

like

Any Fish who are also musicians?

like

What does a mental health day look like for you? Took one today & it was the best thing I’ve done for myself. Bonus Q: did you own up to it being a mental health day or did you go to “the dentist"

like

Has anyone ever thought of retiring early in a low cost country? Like Costa Rica or India

like

How do you create more personal (beyond just business) friendly relationships with clients 20+ years older? Where do you find common ground?

like

*** CFP Prep Materials ***
Is anyone interested in purchasing CFP prep materials? I have Dalton study materials including their course books, their review study books as well as their flash cards.

like

Would you say that you're genuinely liked by the majority of people at your office? I just don't really seem to vibe with many people...

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal