MY TIME WITH EDWARD JONES WAS DISEMPOWERING FROM DAY ONE. I JUST DID NOT KNOW IT THEN!
NOT TO BORE YOU WITH THE DETAILS, LET ME LIST THE WAYS:
- CLIENTS HAD TO SELL PROPRIETARY PRODUCTS NO MATTER THEIR QUALITY BECAUSE EDWARD JONES DID NOT DO PROPRIETARY PRODUCTS! SIX YEARS LATER THEY INTRODUCED PROPRIETARY PRODUCTS AND WANTED THEM SOLD TO CLIENTS.
- WOMEN DID NOT FLOCK TO EDWARD JONES; IT WAS A MALE DOMINATED CULTURE. WOMEN WERE SUBJECTED TO SEXIST ENVIRONMENTS ESPECIALLY IF THEY WERE ADMINISTRATIVE STAFF RATHER THAN INVESTMENT REPS/ADVISORS.
- I WAS ASKED WITHIN MY FIRST MONTHS TO BE ON THE REGIONAL LEADERSHIP TEAM TO FOCUS ON RECRUITING WOMEN AND MINORITIES. AND TO TOP THAT OFF, A WOMAN WHO WAS, UNKNOWN TO ME AT THE TIME BUT CONFIRMED BY THE WOMAN IN QUESTION AND OTHERS, READY TO BRING LEGAL ACTION FOR HER MALE SUPERIOR’S REACTION TO HER ANNOUNCEMENT OF A PREGNANCY, WAS INTRODUCED TO ME BY LEADERSHIP IN THE HOPES THAT I WOULD INTERVIEW HER FOR AN OPEN POSITION IN MY OFFICE. IT WAS AN EFFORT TO APPEASE HER AND STOP THE LEGAL ACTION.
- SINGLE WOMEN WERE THE MINORITY AND TREATED AS SUCH.
- MY OFFICE FLOODED AND NO ONE EVER VISITED THE DAMAGE OR FOLLOWED UP WITH ME.
CURRENT CLIENTS, I WAS TOLD, ONLY SHOULD RECEIVE 5% OF MY TIME; THE REST WAS TO BRING IN NEW ASSETS…
that is enough of that, the firm of 2004 became very much less “Main Street” than “Wall Street” by 2011 when I left very unceremoniously…
Profit is the motive. Clients are the means. Employees are the tools. Not my style. I do not disempower, I empower.