Read the HO QA questions and the ELT answers and seems to me like they will now be masking ISPs and layoffs with a term titled Future Ways of Working… I am all for the future and the tech we can invest in but my issue is we are nowhere ready for all that and I feel still years away from what they are wanting to do.
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@zr Yeah Stifil is 5 days a week in office with downtown commute. I'm in the same boat as you. I'm burnt out from this industry and want out. It's not easy making a career change after so much time at one place and in this line of work, but I think long term it will pay off for my sanity
@zm yeah, don’t go to Stifel either, they are just as much of a sh-t show. I’m leaving financial completely … su-ks cause I have all my finra licenses (paid for by wells, EDJ holds them), but at this point it’s not worth the headache of the hogwash corporate in this field just to keep licenses active.
@zh I half agree...the workload and stress at Wells Fargo was way worse for me, but the pay is way way better there. Overall, I am glad I left WF, but if I had know what a crapshow this place was going to become, I would have looked elsewhere.
@zc Wells Fargo is way better. I came from there and I wish I never left. I’ve never seen so many a-s kissers bowing to GPs, ELT and a MP in my life till Edward Jones. It’s atrocious. A lot of us that I know who came from Wells the last 4-5 years are trying to get back over there.
@vz Our only hope is that the job market and the CEO obsession with AI gets better by 2028. I also think the 5 days RTO will begin to backfire for most companies as well once smaller (and smarter) start to offer hybrid/remote roles as part of the bene packages. EDJ will double down on stupidity and be waaaay behind the trend, again. We bring absolutely nothing to the table now for recruiting and retaining talent, other than "We aren't as bad as Wells Fargo, yet.".
@n4 I'm apprehensive that Chewbacca will be worse but won't shed any tears for PP leaving.
@kx 10000 AI token bet that she moves to Colorado within 3 months of retiring from EDJ. She will want nothing to do with us hayseed midwesterners or the desert rats of Tempe. She will still keep her Ladue gated estate for any would-be photo op events, but that's about it. She is checked out, and can't wait to leave the dumpster fire she started.
She’s always hated St. Louis. Now that she’s got her Holy Grail there’s no longer a need to hide anything.
@g7 You are 100% correct. We brought in all the flunkies of other big corps and brought in all their low iq tunnel vision ways. None of these clowns know how to think outside the box or use common sense. EDJ to them is nothing more than another notch on their belt to get rich quick. They are selfish, greedy, narcisists with psychotic tendencies. PP hates the associates here, and I am starting to think she even hates st louis too.
@hy - I think the OP was stating they’re raising it from 35% to eventually 50%. We all agree that subpar FAs, no matter the firm will and should eventually get cut, but the “we’ll leave you alone as long as your running a sound, ethical, and profitable office” is no longer.
@g7 PIP for FAs was already in place, he’s just increasing the percent. And as someone who used to have to fire those FA’s that went on PIP, and had four months to improve before they were fired, they should raise the standards because there are people out. There are just floating on their free pay from the day that they get hired. An unlicensed financial advisor is hired and paid to study and go through classes and get licensed to become a financial advisor and that takes about 4 to 6 months, then they have another six months or so once they go live as an advisor to not hit pip. So somebody can be hired and fu-k around for a year before they’re even caught. Get the education from Edward Jones and then leave and go somewhere else that doesn’t have the same standards. So, yeah, unfortunately there are a lot of financial advisors who su-k the firm dry that are level new.
@gn Right? Ops and Service are still picking the pieces up and trying to find our footing after 'leadership' wrecked both of those areas. Nobody has any time or patience left any more of these big re-orgs that do nothing but break things and create chaos. Sorry if leadership has nothing else important to do to look relevant, but stop tinkering with things that you already broke and we are still trying to fix. Dummies!
@bj what new org design? I thought Edward Jones did a reorganization last year?
@f7 Yes - DC is implementing PIPs on 1/1/28 for any FA who is at 50% of standard. This will now impact profitable FAs in some markets.
The ignorance continues to grow at an abnormal rate all because the MP hires failed bankers, execs from Uber, quotas, and hiring leaders who’s experience and success was never a prerequisite. This house of cards started in 2019, exacerbated by COVID, weakened by hiring policies, and destroyed by outsiders that PP let in. It’s like the AB takeover in STL in 2008 - the incompetent generation who inherits the company is the one who destroys it.
Great. What do these monsters have planned for us this year? Can they just F-off and leave us alone for just 10 min?? No, they can't. None of these changes ever pan out to be good for the people who do the work. Are branches going to be eliminated soon now too?
Your "future way of working": not here.
@dj Look, you’re completely right, but here’s how this actually plays out on the employer side. The ADA doesn't guarantee your preferred accommodation or a permanent pass to work from home. If an employer can accommodate you inside the office—even by testing out an alternative—they are fully within their legal rights to do that.
What EDJ will do is change up the rules and mandate a "recertification." They’ll require a trial period where you come into the office using adjustments like noise-canceling headphones or a private, quiet space - especially for those who were in office pre-Covid and now medically remote. Then, if that setup fails, the burden falls back on you to get an updated form from your doctor proving why the in-office attempt didn't work.
They know all the legal angles and loopholes here. I know someone who works in legal, and trust me, EDJ IS actively working on these strategies for medical accommodations to protect their position while technically meeting the requirements of the interactive process and getting people back into the office.
@dj they are only legally required to make "reasonable accomodations" for medical exceptions. Those accomodations don't have to be allowing WFH. They could be in office accomodations.
@ba - I'm on board with everything you said, except medical accommodations. These are protected under the ADA, and no employer can arbitrarily or unilaterally end such an accommodation for any person on the basis that they want butts in the building. That will get EDJ sued faster than PP can put on a new hideous blazer.
What they can do is force you to renew it periodically and hope that either (1) the process is so cumbersome that people give up, (2) you no longer need the accommodation per your medical professional so they can get you back in the office, or (3) they will tighten job requirements to the point that they will claim that the work can only be done from inside the building (which is BS because so much of the work has been done remotely for so long that such an argument would likely flop in court).
If SM or her minions even attempt to cancel my remote work accommodation, I won't get angry, I'll get even (financially).
@ba Thank you! Someone else finally able to get their head out of the sand and read the tea leaves. Everything is being done like a bad game of chess. Every few months a move is made, and then a counter move by people who actually make this place function. My hunch is that not enough people have quit with June RTO, so the sc--ws will be tightened up after the CES score are reviewed (and swept aside) and LP offer closes. All teams are getting ready for "new role descriptions" by end of year. You think that is to help pay us more? He-l no! It's to figure what roles are to be eliminated and/or offshored to the GCC in india. These monsters are drunk on power, their fragile egos damaged, money IS their God, and now they are behaving like cornered rats. (very dangerous!). I expect a massive dumpster fire for 2027 as we further destroy this place all while the AI bubble starts popping. Don't worry, we will be going all in on AI slop as everyone else is pulling back to hide from market correction when 90% of AI startups go belly up and tank the Nasdaq. 1/3 of the stock market value right now is directly tired to AI, so what do we think is going to happen when the market corrects itself? EDJ will use the down turn as perfect excuse to lay more of us off before PP bolts out the door.
@be I don’t doubt any of that about HC and all the personnel are witnessing in the pipeline from SM and ELT. Recently heard about the Org Design coming up… accidental slippage by someone in front of me in the Dorsett cafe… it’s coming. Lots of new jobless peeps, be prepared.
A lot of this is being driven by Human Capital. Suzan McDaniels rules the world of EJ personnel policies. Just wait. Relocation offers are coming for HBA’s too. There is so much bad stuff coming out of HC. Those of us working with that area are horrified. Look no further than the HC SLT for the future of the firm. And yes, the projects are WOW.
It won’t be future ways of working. It’ll be … remote HBA gone first. If you can’t drive to stl or Tempe, bye (tho the article says they wont. Haha. So they think we are that d-mb…) Medical HBA forced to office with in office accommodations, or quit. Then 5 days a week in office. Once those things weed out home office, then maybe it’ll be future ways of working. But they’ll be at the head count they want at home office by mid 2028. And yes. BOAs will be out the door too. Esp ones who are older and or not registered so they can do transactions for the FAs. They don’t need the older $$ BOAs with knowledge or any BOAs who don’t have licenses.
@OP - Not to be callous but many who are currently at EJ and read your post do not have a “future”. They are looking to cut a 1/3 of home office headcount by 2029. BOAs will start seeing a thinning of their ranks in 2027.