{ "media_type": "text", "post_content": "Ive currently worked at Edward Jones for 2 years. I have 54mm AUM, grossing approximately 480k annual revenue. \n\nI have considered going independent, but don’t know a ton about that process. I am looking to build a team and grow my practice beyond the limitations of Edward Jones. \n\nWhat is the recommended process to start looking at options?", "post_id": "5f8792eaf59a26002439fb0b", "reply_count": 48, "vote_count": 4, "bowl_id": "599feb177c057d0010be0554", "bowl_name": "Financial Advisors", "feed_type": "bowl" }

Ive currently worked at Edward Jones for 2 years. I have 54mm AUM, grossing approximately 480k annual revenue. I have considered going independent, but don’t know a ton about that process. I am looking to build a team and grow my practice beyond the limitations of Edward Jones. What is the recommended process to start looking at options?

Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

Awesome that you’re at that level two years in. However, it would be risky to move so quick in the business. Clients like a proven track record. They may feel slighted if you bolt on them so soon after signing them up. Plus, how many clients do you have in this short period. If it’s a small amount but large per household, then you risk missing a few on transition and stuck back tracking. I would stick around. Continue doing what you’re doing and transition after year 5.


That’s the plan. This is just for high level info. Plan to get in 5-6 years before moving

Agree with FA 5, continue the success in asset gathering, and further deepen the client relationships. When you are ready to move, you have to be pretty sure the clients will leave with you. Clients hate moving, but will do it if they trust you and want to continue to work with you. I am starting my 7th year now, a few clients have already asked me what my plans are.

Recent IconRecent

How much of the 54mil did you bring in yourself over the last 2 years? It’s a lot easier to move assets you brought in than ones you were given.


I’m at $31m in 46 months and I’m far ahead of anyone in the region less than 55 months past can serve. Can’t imagine getting $35m in 30 months.

If you have that much momentum with bringing in new AUM, stay where you are until that momentum dwindles. Then make the switch. Don’t stop riding the waves when the surf is good. Grow now, transition later.


Old thread resurrection, but how’s that growth fund performing now compared to EJ LP shares in this recession?

Start talking to other firms. Get a feel about what you like about them, what they can offer you, their process and systems. Talk with other EJ advisors(or whoever else you know that has left to go Indy) and use them as a resource. I just transitioned 5 months ago and couldn’t be happier but it’s a process.


You are obviously a stud, so very wise to make the jump to Indy before getting in “too deep”. Lots of good third party recruiters out there to help you through the process. No matter what you do, if you can have that kind of success at Jones, you’ll crush it as an Independent.


Where are you located?

Yeah, the green dome is dumb as can be. That’s the worst part. Make sure that whoever you talk to has been through this before and has transitioned advisors successfully before. Make sure they have a good attorney that will walk you through everything you can and shouldn’t do.


Dang, 87% payout at jones? That’s great!

Then if you can bring over approx 1/3 of your book, you’ll make the same money AND have equity in your practice. No brainer.

Depends, are you in a large metropolitan area or small town. The process to go indy and set up your practice is going to depend largely on your geographic area and the support you receive when you transfer.

That’s amazing production for that asset level. Congrats. I assume mostly fee based?


Send me a message if you want to learn more about the Independent Hybrid space.

Additional Posts

Top top post!


Post to test


Not crashing anymore.


Maybe we should implement something like automatic posts refresh? I got a notification about "someone like mypost" but it isn't displaying at the post title...


Ah now it did.


Post new user


Posting from the top side.

Not seeing any other posts!

Most ridiculous title you’ve seen on LinkedIn? Bonus points for their real job title


Last year, My girlfriend was making 80k while I was making 200k so I took her out to dinners and took care of the groceries etc. Basically made sure it’s an equitable relationship. She got a new job this year and is now making 210k (more than me) but still expects me to pay for all the dinners and groceries. I’ve already talked to her about this but just resulted in argument. Is there any coming back from this situation to make this equitable relationship or is break up the only option here?


Do you all feel guilty about flying/ubering so much in the midst of the climate change crisis? I think we should...How do you balance personal ethics about this with work needs?


135k base and I would like to buy a Porsche. I have 20k in student loans and no other debt. Go for it? I'm not even into cars but every time I’m dashing through the Target parking lot and see one, it’s like love at first sight😍. That is my only justification 😂


What’s a personality trait that you believe is hurting you professionally?


Best "Consultant Speak" sentence you've hated yourself for saying /typing?


Hot take: consultants at MBB have big egos and seem to promote the idea that they're the "best of the best" not realizing that, in 2021, the "best of the best" works in "tech" typically as engineers and consultants are actually just overworked also rans with oversized egos.


Six consultants meet at a bar for the first time. Deloitte says: I am Deloitted to meet you. Fill in the blanks…. McKinsey: EY, BCG, KPMG, PwC, others….


Yay or nay to shutdown again for 4 weeks? Full shutdown to bring this damn virus under control once and for all so we can start rebuilding immediately after.


How do you deal with a team member who is not a morning person? We have our team meeting and client meetings at 9:30 AM and they always sounds groggy and slow on the phone. It looks very bad in front of the clients. They look like they just woke up too when they occasionally turn their camera on. I don’t think 9:30 AM is unreasonably early but also don’t want to tell people how to manage their personal schedule. Any suggestions will be welcome!


Generalization for discussion: “Why is it so frowned upon to take holidays/PTO in the US?”


Male client just told me to tell one of women on my team that her communication style is “too aggressive” so if anyone knows of a good bridge to throw him off of, I’m open to suggestions.


New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
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


Embed this post

Copy and paste embed code on your site


Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or