...Page 1 of 3 Edward Jones Case : Team One In facing fluctuating markets, emerging competition, and evolving industry platforms, Edward Jones must continuously strive to maintain its strong brand status while steadily expanding its business. Its mission to build long-term relationships with clients big and small and provide excellent, comprehensive service from dedicated advisors has been the backbone of its success. The challenge Edward Jones faces is how to ensure it will increase its market share and be competitive in light of recent industry changes and uncertainties while upholding its client satisfaction. One strategic initiative presently contemplated is to reduce company costs by consolidating financial advisors in 5-10 person offices in large metro areas. While this strategy offers some benefits, we believe the opportunity costs outweigh the cost savings. Therefore Edward Jones should not proceed and consolidate existing offices in large metro areas. Currently, Edward Jones has 8,205 branches located in large metro areas. 70% of them are located in locations where there are more than 10 offices in the area, each office has one advisor and one BOA on average. If we were to consolidate these offices, we would close a total of 2462 offices and build 492 new larger offices. (See Appendix 1) We would put 5 advisors in one office while decreasing the number of BOAs to 3 per large office. From this, our expenses, including rent, utilities, and BOA salary will decrease by...
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...with Edward Jones, which includes the lack of an online presence, possible cannibalization from larger firms, and the inability to manage funds from institutional investors. I conclude that the most effective of all of the theorized strategies would be a combination of Edward Jones’ original business model with an online platform. This plan would allow Edward Jones to stay true to its fundamentals, as well as attract new clientele and provide better service to its existing clients. Introduction Edward Jones has become the fourth largest brokerage firm in the United States. By holding on to a fundamental business strategy based on the core concepts of close client relationship and long-term investment focus, Edward Jones was able to offer excellent service and performance. However, with the industry rapidly changing, Edward Jones must evaluate its core values to sustain its competitive advantage but in a manner that will allow them to expand its services, and continue to compete with the top players in the industry. Key Issues and Problems When observing Edward Jones Financial, I found three critical issues and problems with the firm. Edward Jones built its business model around creating an environment that would allow entrepreneurs to thrive and run their own businesses to a certain extent. This is what originally led to Edward Jones’ success when the company first started; however, it is also the catalyst for the issues of the firm that were present in 2006. Edward Jones’...
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...such as the company's over-all mission or key personnel—should re-main constant in the midst of turmoil to help reduce people's anxiety. The third order of operation is to implement the change. This involves managing the transition effectively. It might be helpful to draw up a plan, allocate resources, and appoint a key person to take charge of the change process. The company's leaders should try to generate enthusiasm for the change by sharing their goals and vision and acting as role models. The process of planning and implementing change in organizations could be done by minimizing employee resistance and the cost to an organization, while also maximizing the effectiveness of the changing effort. Edward Jones doesn’t require change to remain competitive, but more so to produce or offer the best product and services for their employees to offer to clients. Another reason for change is because of opportunities,...
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...Introduction This manual sets forth the official compliance policies of Edward Jones. All individuals employed by or working at the firm are required to familiarize themselves with the content and review the manual at least annually. While the manual addresses policies of a compliance nature, individuals are expected to conform to the laws, rules and regulations of the industry and their particular jurisdiction regardless of whether they are covered in this manual. Standards of fairness and good business practice apply in all circumstances. Violations of laws, rules, regulations and firm policies can result in disciplinary or regulatory sanctions against an associate, as well as fines or responsibility for consequential losses resulting from the violation. References to "associate" or "associates" in this manual include general principals and financial advisors unless otherwise specified. Such references also include individuals working both in the home office and in a branch office. Please do not keep the printed manual as a reference as it will eventually be out-of-date. Commissions and Sales Background FINRA Rule 2121 requires prices and commissions charged to the client be fair and reasonable. Policy The firm and vendors with whom it has dealer agreements has either set commission amounts or a range of commissions that may be acceptably charged to a client. Individuals may not make any arrangements with clients outside the parameters set by the firm in its commission...
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...Elevator Pitch and Experience Ramon Duenas MKT/421 April 07, 2015 Brian Kermoade Elevator Pitch We focus on 3 preventive measures when putting investor capital at risk in the equity field. First of reducing cost basis is apart of the 3-tiered success model. We do not pay retail for anything. Selling premium against a long stock is one strategy to outperform the S&P 500 index. Stocks can only go up, down or sideways. This strategy profits for any 2 out the 3 directions in underline decides to go. A leverage vehicle is the way to go just like in Las Vegas a slight edge is required to be profitable. We focus on at least a 70% profitable of success is requirement to put a trade through. Options provide this unique theory form the Black-Scholes model that led them to win a Nobel Prize in 1997. This exactly how the big firms create wealth through arbitration and selling volatility. Next staying small is the probably biggest factors we do to keep the ball in are court. We are never skew are trades one way long or short. Nor are we heavily invested in sector. We look for opportunity when it is present. This prevents us from getting catastrophic loss in any one product. We like highly liquid stock so we can go and leave as we please. We do not want to be stuck in a trade when a personal emergency arises. And you need to liquidate your hard working capital instantaneously. Future Company Employers People with a current have a brokerage account...
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...household and is being neglected and her only safe place is school and she loves it. The other little girl in Edward P. Jones story her mother takes care of her and makes sure she gets to school and has everything she needs for the first day. Where these two are the same is that they are both black, they both go to school and they both love it. “The Sanctuary of School” is Lynda Barry’s narrative essay about her experience as a neglected child and how she learned to use art to cope with her situation. In her essay Barry describes a memory of being a seven-year-old child of parents who focus their attention on finances instead of her and her brother. Barry writes about an occasion when she leaves her house in the early morning hours and finds herself at her school’s playground. She is found by the school janitor, who allows her to assist him as he does his duties to prepare the classrooms. Soon after she greeted by the school secretary and a teacher who both wave at her. When her teacher, Mrs. LeSane, arrives she runs toward her in tears of relief. Mrs. LaSane asks Barry to carry her purse, which Barry feels to be an honor. It is here that Barry finds her security in art, drawing a house with a blue sky and sun in the corner and flowers. Barry learns to use this skill to help deal with her home life, describing it as a “life preserver.” “The First day”, by Edward P. Jones is about a five year old girl and her mom who went to apply for a school. The first school they didn’t get...
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...Using wonderful literary devices, Edward P. Jones is able to show the effect of nature on Moses’ character, in his story, ‘The Known World’. He is deeply impacted by the natural world that surrounds him, and the author has successfully drawn attention to it. This is displayed strategically with the selection of detail as well as the vivid imagery that is presented. Firstly, Jones puts in a lot of detail specifically focused on nature to portray Moses’ attitude toward it. He describes Moses taking a bit of the soil, eating it ‘as though it were a spot of corn bread’ (19-20) and ‘clos[ing] his eyes’ (17-18). Eating this dirt ‘tied him to a small world’ (30-31) that he almost favoured more than his own life. Jones continues by transitioning the geography of his story to the scenery of the sun ‘fad[ing] to dark blue’ (22). This shows how he is enjoying the beauty of nature; by tasting the mud and adoring the view around him. Moses again ‘breathes deeply’ (48), smelling the coming of rain, and feels it ‘surge’ (49) through his body. Again, the connection between him and his natural surroundings is remarkably revealed. The link between Moses and the environment around him is thoroughly presented in this story with precise detail. Another way in which the author shows the association between Moses’ character and nature, is through vibrant imagery. Jones is heavy on the description of Moses’ surroundings, but little is focused on Moses himself. Details of the environment are so evocative...
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...Edward Burne Jones was an English painter, illustrator, and designer and a key figure in the second phase of Pre-Raphaelitism. In 1853 he began studying at Oxford University, intending to train for a priesthood, but his interest was turned to art first by William Morris, his fellow student, and then by Rossetti, who remained the decisive influence on him. He left Oxford without taking a degree in 1856 and settled in London. Rossetti gave him a few informal lessons and he attended life drawing classes for a while, but essentially he was self-taught; his taste was more classical than Rossetti's and his elongated forms owed much to the example of Botticelli. He favoured medieval and mythical (especially Arthurian) subjects and hated such modernists as the Impressionists, describing their subjects as ‘landscape and whores’. His own ideas on painting are summed up as follows: ‘I mean by a picture a beautiful romantic dream, of something that never was, never will be—in a light better than any that ever shone—in a land no-one can define or remember, only desire—and the forms divinely beautiful.’ He had a fairly low-key career until 1877, when he became famous overnight with the showing of eight large paintings at the opening exhibition of the Grosvenor Gallery. Thereafter he acquired huge fame and prestige, not only in Britain, but also on the Continent: he had considerable influence on the French Symbolists, and the ethereally beautiful women who people his paintings, like the more...
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...As you grow, you learn. About your surroundings, your family, the world and yourself. In this short story, we learn about a young girl as she tells her story with youthful perspective and unique insight.“This is my mother: as the questions go on, she takes from her pocket document after document as if they will support my right to attend school, as if she had been saving them up for this moment” when she observes this situation, she can pick up on only what is visually shown to her. So then would a child know of world rank and race, or of their own parents? If the narration in this book were factual, what would the girl at five know about her surrounding world and the ecosystem of her own home? The first day by Edward p. Jones is a short story...
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...Problem 1 a. How is Dow Jones index computed? Write 1 paragraph on the history of when the Dow Jones Index was first initiated. Computation Method: Dow Jones is a price-weighted index. So, to calculate the DJIA, the sum of the prices of all 30 stocks is divided by a devisor which is named the Dow Divisor. The divisor is adjusted in case of stock splits, spinoffs or similar structural changes, to ensure that such events do not in themselves alter the numerical value of the DJIA. Early on, the initial divisor was composed of the original number of component companies; which made the DJIA at first, a simple arithmetic average. The present divisor, after many adjustments, is less than one (meaning the index is larger than the sum of the prices of the components). That is: Where p is the prices of the component stocks and d is the Dow Divisor. Events like stock splits or changes in the list of the companies composing the index alter the sum of the component prices. In these cases, in order to avoid discontinuity in the index, the Dow Divisor is updated so that the quotations right before and after the event coincides: History: Dow Jones & Co. was founded in 1882 by Charles Dow, Edward Jones and Charles Bergstresser. Despite popular belief, the first averages were not published in the Wall Street Journal but in its precursor, called the Customer's Afternoon Letter. The first averages didn't even include any industrial stocks. The focus was on the growth stocks of...
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...individual thinks and behaves. In Other words, the victim’s value systems, beliefs and goals are washed away and replaced by a new set of ideas that are beneficial to the dominate group such as cult not to the individual. There are various types of brainwashing such as thought reform, mind control and influence which cults used to manipulate their followers. The word brainwashing originated in 1950 when Edward Hunter, a journalist, wanted to describe the techniques used by Chinese Communists. Cults use more precise techniques which do not depend on physical coercion Meaning; forcing the followers to behave in an involuntary manner. The effects of cult involvement can last for sometime after a person leaves a cult. The term Mind control is being used on the public by religious organizations is the new form of persuasion. This technique helps cult leaders get what they want, without necessarily having to put a spell under the followers. Mind control allows you to enter a person unconscious and create influences. Getting people to agree with Jim Jones was easier since he was seen as a powerful leader of the group. They trusted his opinions and judgments. Back then it was not common for people to find someone to guide them toward a decision. Mind control techniques are not always negative it helps you manage your own ability to communicate within. You can use them to be more influential at work and improve your lifestyle. The term thought reform keeps...
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...relationship between 3-Month T-bill rate and Dow Jones Index Index 1. Introduction………………………………………………3 2. Modeling the relationship between the 3-Month T-bill rates and Dow Jones Index (First Model)……………………3 3. Hypothesis and Testing…………………………………...4 4. Empirical Analysis………………………………………...5 5. Further Comparison………………………………………5 6. Conclusion…………………………………………………7 7. Appendix……………………………………………………8 8. Reference…………………………………………………..10 1. Introduction The 3-month T-bill rates and Dow Jones index are really close to the whole economic environment; the 3-month T-Bill rates are the preeminent default-risk-free rates in the US money market that is often used by researchers to proxy the risk-free asset whose existence is assumed by much conventional finance theory. Given their importance and visibility, it is not surprising that these interest rates has been studied extensively in economic and finance. Dow Jones Index, undoubtedly, is one of the most important economic indicators of the global financial market, This paper investigates the relationship between these two important economic data. In order to cover the business circle, the data which I choose is from 2001/01/01-2010/12/31, including the subprime lending crisis period. I use SAS and excel to get the information which indicates the relationship between these two representing data. 2. Modeling the relationship between the 3-Month T-bill rates and Dow Jones Index (First Model) In order to present...
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...1. What kind of paper is the National Enquirer? The National Enquirer is an American supermarket tabloid, which can be traced back to 1926. The paper was founded by William Griffin when he was given a loan by William Randolph Hearst to create the New York Evening Enquirer (Funding Universe, 2010). This paper was sold in New York City and as a partial repayment of Griffin’s loan, Hearst wanted to experiment new ideas in the Enquirer. Because of the unsuccessful articles published and antimilitary publications in World War II, sales never peaked. William Griffin later sold the tabloid magazine to Generoso Pope, Jr. Pope slowly decreased the amount of articles written about the war and added new columns that included worldwide events. In the early 1950s, the Enquirer started focusing on tales of murder, crimes, and confessions. Later, the paper added a gossip column, which assisted in raising sales of the magazine and by 1953, the Enquirer was considered a tabloid magazine (Funding Universe, 2010). The new gossip columns included stories about Elvis and other celebrities, in which they would write about scandals and betrayals. In 1957, the magazine was renamed the National Enquirer and by mid-1960s, the tabloid was available in retail chain stores across the United States. Before Pope died in 1988, the magazine was circulating throughout the United States and generating enormous profits, thus when Pope passed, many publishing companies bid for the opportunity to own the tabloid...
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...Problem Set 6 Professor Orly Sade Question 1: Use the constant dividend growth model to suggest which of the following three stocks you should invest in. Explain your answer. Firm X Firm Y Firm Z Dividend per Share (d1) Current Share Price K Return on Equity Reinvestment in Firm / Plow back (b) Question 2: Suppose that the consensus forecast of security analysts of XYZ company is that the earnings next year will be E1 = $5 per share. Suppose that the company tends to plow back 50% of its earnings and pay the rest as dividends. The Chief Financial Officer (CFO) estimates that the company’s growth rate will be 6% from now onwards. (a) If your estimate of the company’s required rate of return on its stock is 10%, what is the equilibrium price of the stock? (b) How can you find if your own 10% estimate of the stock’s required rate of return is shared by the rest of the market? (c) Now assume that the required estimate of 10% is shared by the market, what does the market price of $50.00 per share imply about the market’s estimate of the company’s growth rate? $1 $100 10% 10% 95% $10 $180 10% 10% 50% $15 $200 10% 15% 25% Question 3 Starting date: Closing Prices on the date (Nov 5) of the submission date of Problem Set 6 Ending Date: Closing Prices, Nov 24. Assume that you have $100,000 that you decided to invest in either 1 company or 2 companies from the 30 companies that are listed below (these are the companies that the dow index is constructed from). Your performance in...
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...------------------------------------------------- World War I[edit] See also category: World War I poets In England[edit] For the first time, a substantial number of important English poets were soldiers, writing about their experiences of war. A number of them died on the battlefield, most famously Edward Thomas,Isaac Rosenberg, Wilfred Owen, and Charles Sorley. Others including Robert Graves,[4] Ivor Gurney and Siegfried Sassoon survived but were scarred by their experiences, and this was reflected in their poetry. Robert H. Ross[5] characterised the English "war poets" as a subgroup of the Georgian Poetry writers. Many poems by British war poets were published in newspapers and then collected into anthologies. Several of these early anthologies were published during the war and were very popular, though the tone of the poetry changed as the war progressed. One of the wartime anthologies was The Muse in Arms, published in 1917. Several anthologies were also published in the years after the war had ended. In November 1985, a slate memorial was unveiled in Poet's Corner commemorating 16 poets of the Great War: Richard Aldington, Laurence Binyon, Edmund Blunden, Rupert Brooke, Wilfrid Gibson, Robert Graves, Julian Grenfell, Ivor Gurney, David Jones, Robert Nichols, Wilfred Owen, Herbert Read, Isaac Rosenberg, Siegfried Sassoon,...
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