Edward Jones

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Edward Jones Reviews

954 Reviews
3.8
954 Reviews
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Edward Jones Managing Partner Jim Weddle
Jim Weddle
640 Ratings
  • 4 people found this helpful  

    Training ground for going Independent

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor in Jacksonville, FL
    Former Employee - Financial Advisor in Jacksonville, FL

    I worked at Edward Jones full-time (more than 5 years)

    Pros

    Own Branch, Hire your own staff, Work with clients you want too, Diversification Trips, Profit Sharing 100% vested.

    Cons

    Micro management, limited investment options (Bonds, Insurance carriers and business lines, advisory is all proprietary, now creating proprietary products developed by insurance annuity carriers), limited outside research views, lack of true medical benefits, if in a "location rich" area hard to maintain profitability, not much 'street creed' among investors and other advisors, lack of regional leadership, constant turnover in FA attrition, no loyalty within the firm and your dedication, low compensation, nickle and dime you for branch expenses (net closer to 33%), No room for growth and the list goes on....
    If I had it to do again, I would have made a different choice. I was at EDJ for 7 years and the culture of the firm is DEAD. I was sold a bill of good and was set up to fail.. I made it but thought I would retire there, should have left many years ago.
    I love being Independent. Made the same amount of money from a whole year at EDJ as an independent in 33% of the time.

    Advice to ManagementAdvice

    Do unto others as you would want done unto you.
    Pay the seasoned advisors what they deserve, quit over charging for all the branch items that are corporates responsibility's, don't force us to recruit new financial advisors... we don't believe in the culture and shouldn't have to force those lies on the new forces.
    Get a new CEO who has the firm culture at heart. Realize that the reps will be just as loyal as you are to them!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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