I’d just left Edward Jones, after running one of their most successful offices for over 15 years. While I always knew there would be transitional challenges, even in the early exploratory days, little did I know when I resigned that such a fire fight would ensue.
Before I left Edward Jones in March 2012, I did about two years of due diligence. I ended up with five different offers—from both independent broker/dealers such as Securities America and their “super OSJ” Cooper McManus (which is ultimately the offer I accepted) as well as two of the large national wirehouse firms (both of which offered me big bucks to join their ranks).
You can read the rest of my story here, but long story short, my transition turned out to be quite an ordeal. Not because of poor planning on my part. Not because Securities America and Cooper McManus failed to support me. Not because my family lost faith. No, the problem was that Edward Jones went after me in a big way. They did not want me to leave. And they alleged I’d done them wrong.
Fast-forward 2 years and 2 months: Here I am, happily building the business of my dreams. My daughter, Christina, has finally joined Lindsey and Lindsey Wealth Management. She is an apt and able partner. In fact, she recently passed her FINRA series 24 exam (she also holds the securities licenses 7 and 63 and, in 2013 after completing additional education, and passing the CFP® board exams, she has obtained the CFP® designation).
Together, we are having the time of our lives, serving clients in the way we would want to be served ourselves. At Lindsey and Lindsey, the interests of our clients come first. Our focus on full disclosure and the highest standards of fiduciary care ensures our interests are aligned with theirs. We are not swayed by financial incentives for recommending. We do only what's right for them.
And I’ve got to tell you, the firm is doing great from a business perspective, too. The firm’s initial AUM in April 2012 was $100 million. Our AUM has grown to $135 million today. We have a robust pipeline of new prospective clients, and have more freedom than ever before to market our services and promote the firm using the latest and greatest means.
Case in point: The firm’s Facebook page. I established the Facebook page with the help of a marketing consultant and social media expert on January 12, 2014. We expected a handful of friends and clients would “like” the page. When I checked our metrics on July 4, 2014, our country’s independence day, we had exactly 850 people following the page. I’m told that is quite something in the realm of financial advisor Facebook pages. And, as important as gaining followers and building a community around a philosophy or a theme, I quite enjoy expressing my values, character and opinion on the various social media accounts we’ve established.
So, as I reflect on my own independent journey, I give thanks that I found the right people and organizations to help me make wise choices and determine best routes. Looking out to the future, I am excited about the possibilities—and happier than ever just to be alive and well. Life is now truly good.
If you are reading this blog, and are unhappy with where you are in your professional life, I’d be happy to correspond via email or to talk on the phone. I’ve been blessed and am happy to share what I’ve learned with you. Click here to find my contact information.
Wishing you a safe and happy Fourth of July,
John Lindsey, CFP®