{ "media_type": "text", "post_content": "Is Edward Jones now allowing multiple reps to be in the same office?", "post_id": "60f982e758ca2e002b8f96e6", "reply_count": 18, "vote_count": 1, "bowl_id": "599feb177c057d0010be0554", "bowl_name": "Financial Advisors" }

Is Edward Jones now allowing multiple reps to be in the same office?

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EDJ absolutely is looking at more multi-FA offices. It’s on the EDJ Joneslink under the going forward info

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Yes, why?

Actually, we don’t own our book of business at EDJ. The firm owns it. An Independent FA does own it and can sell it at retirement for a nice cash out.

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Just curious. They’ve spent decades promoting the one rep office. I wonder what has changed?

Rents keep going up and in a fee based world it takes longer to get FA’s to profitability. That’s what’s changed.

Are newer FA’s being pushed to do Advisory business? 🤔

That’s great to hear.

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Do new FA's still knock door to door? Or was that marketing strategy abandoned because of covid?

Not able to right now, not abandoned just paused for covid. It works great in some areas and doesn’t work at all in others.

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