Edward Jones paid Towry £30m in acquisition deal

I'd have outbid TL and paid £2 for Edward Jones on a deal like that !

more proof that Towry will take money for doing nothing

At the time Tim Kirley (EJ UK country head) told us that whilst they had received higher offers it was felt that TL's offer was the best for clients and staff. I'm not sure that the advisers and BOAs out of a job (not me, I resigned) and the 7,500 clients that have left (and all those that are still trying to) would agree.

I heard (Stateside) that there were no other offers and had Towry not taken, they would have simply binned the lot and left. It came downt o the wire too, little more than 48 hours and the entire rug would have been pulled. It was a lousy business model for the UK. It bled money, for the most part had horribly inept employees which is why it bled money. Ex-EJ if you are that brilliant why are you bleating on about it here instead of simply moving on and advising your clients? Because you are an out of work would be stock broker with time on your hands perhaps? Just asking.

Anon 3 - why do these things always degenerate in to silly personal comments ?

I was merely reporting what we were told at the time. I never claimed to be brilliant although my clients clearly trust me rather than Towry as they have followed me (and, no, before you ask none were solicited). For your information I am not out of work - I resigned because I had another position to go to and am an IFA and I am even busier than I was at EJ (and mine was one of the 10% of offices that was profitable).

Nothing silly. EJ hired people with no financial experienc e. The ones who had the real goods generally did not work for the likes of EJ. There are other companies that do the same thing. But honestly, having EJ on your resume is not a great asset to you.

As for personal: So it's OK to make personal comments about Fisher, or anyone else who happened not to take and/or agree your choice?' If you resigned and have moved on, why are you even on here? Why would it matter? Especially IF, as you claim, you did not poach any EJ clients and did NOT freak our vulnerable people into panicking and leaving the company that bought the US company that abandoned them.

You type, I read. I give my take on your words. Just as you give your take on Towry and Fisher's every word.

Cliche alert:

What goes around comes around.

If you can't stand the heat stay our of the blogs and comments.

P.S. I would not go bragging that only 10% of the EJ offices were profitable. Your clients might read this. They may question the judgement of a 'so-called stock broker' who chose to work for a company with a 90% failure rate. I certainly would not consider you a good judge of things financial :-)

Just Saying..........................