Edward Jones

www.edwardjones.com
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Edward Jones Reviews

Updated February 16, 2015
Updated February 16, 2015
134 Reviews
2.0
134 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Edward Jones Managing Partner Jim Weddle
Jim Weddle
134 Ratings

Review Highlights

Pros
  • If you choose the team carefully you can have a good work/life balance (in 43 reviews)

  • Great training especially if you have limited to no financial knowledge (in 70 reviews)


Cons
  • It can be tough to see enough decision makers by going door to door during the daytime (in 57 reviews)

  • Door knocking was one of the hardest things I've ever done in my life (in 68 reviews)

More Highlights

134 Employee Reviews Back to all Reviews

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  1.  

    Not a work life balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Edward Jones

    Pros

    Learned a lot and was held accountable for my results and performance

    Cons

    Leadership did not care about their people and it was a very dysfunctional team atmosphere. Compensation was below industry standards and their benefits were not all that they were cracked up to be. There was little opportunity for growth and was promised things were change and opportunities would arise but I just kept giving more and nothing in return.

    Doesn't Recommend
  2. 2 people found this helpful  

    The culture of the firm that is portrayed in Fortune and in all the recruiting marketing is not a fair representation.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Saint Louis, MO
    Former Employee - Anonymous Employee in Saint Louis, MO

    I worked at Edward Jones full-time (more than 3 years)

    Pros

    EDJ has a very tight leash on anyone or anybody that is out in the public representing the firm. Not just advisors mind you - I am speaking mainly about the local regional leadership, the home office leaders and the recruiters and managers in the field. As such their training on company message is great - if you are interested in being very well trained in exactly what to say about the firm in exactly the way they want you to say it there is no better place to be. You will be taught the history of the firm, the history of growth and how the firm became employee owned.

    You will learn exactly what your responses should be when questioned about (1) the investment selling methodologies, (2) the seemingly inappropriate relationships in place with preferred product partners, (3) the employee morale issues that are hidden to continue being ranked as the best place to work, (4) the pressure applied to non-Christians or non-white's.

    In fact the training received in how to ignore or explain & rationalize is best in class.

    If you are considering working for Edward Jones as a financial advisor beware. I have seen situations where intelligent hard working people have been pushed to failure indirectly by other financial advisors in the region, by the leaders in the region and by support people in the home office.

    If you are considering going to work in the offices in St. Louis or Tempe - or in Toronto understand that depending upon your leader - how close or how far they are from getting partnership or how close or how far their boss is from getting partnership (general, not limited) you may have the greatest culture or nothing short of all out political Armageddon. For the most part don't worry about the people who have been at Jones for more than seven years...but the ones hired in from Merrill Lynch, UBS and other places to teach Edward Jones the firm what is needed are horrible to work with.

    With that said I have met the Managing Partner and all the leaders in the firm - great people. If the title has "director" in it be careful.

    Cons

    Never say a word publicly about anything or anyone that can come off as a criticism. You will be marked for removal. Do not outshine the master (your boss) or the person that your boss is grooming. Don't use math or statistics to disprove a broad or incorrect statement (especially in recruiting). Meetings started with Christian prayers, multiple and often references to Jesus in general meetings and assembly will make for an uncomfortable time.

    Advice to ManagementAdvice

    Honestly - trust but verify. Ask people questions about what is really happening and then don't punish or penalize them when they talk. Better yet don't let the scared department lead punish or penalize them after you leave.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  3. 1 person found this helpful  

    Salary is abysmal

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Tech Specialist
    Former Employee - Tech Specialist

    I worked at Edward Jones

    Pros

    Good work life balance is good.

    Cons

    Pathetic salary and bad work environment

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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  5.  

    It was good

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Edward Jones

    Pros

    High potential for earnings, however not likly to get there right out of college

    Cons

    Probably using the see what sticks method while hiring is not a good idea

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  6. 3 people found this helpful  

    don't make a mistake or you will get terminated fast

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

    I worked at Edward Jones full-time (less than a year)

    Pros

    Great people in company, there is great potential to advance but you will work your tail off for it. 70 hour weeks..
    Other FAs will try to help you as much as possible however your still on your own.. technology and research is pretty good , but stock screen monitor is horrible..Base salary for training first 4 months is good. good other 6-8 months if your bringing in a lot of business....bonuses our good...commission scale is not.

    Cons

    They want you to be their robots.. very basic investment ideas..You will not have much time to get up and running so start fast. Knock on doors and get your friends family to do whatever kind of business, EJ will say. .Do not make a mistake at all or you will get terminated instantly with no chance to explain.. Remember they go througha lot of new FA trainees fast..

    Advice to ManagementAdvice

    get to know your people on a real life basis and maybe your retention rate of possible great new FAs will be better..

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7. 3 people found this helpful  

    Need Level Playing Field

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Edward Jones full-time (less than a year)

    Pros

    The training has been awesome. My field trainer is a gem. I have enjoyed the culture and the people.

    Cons

    I am starting in a city of 75,000, and FAs are being hired on after the other. The PDP phase is easier if you get to take over an office, or if you have grown up in the area and have a lot of connections. Otherwise, to start cold in an area you have moved to just a couple years ago has been extremely difficult. I love the job, but my prospects were indecisive, fickle, and would seem interested and then drop off the face of the earth. These are things I cannot control, but I will not make it despite the fact I have worked so hard and most all my new accounts were from cold door knocking and slowly building a report. It takes time to build a business...not done in 17 weeks for some.

    Advice to ManagementAdvice

    Make it a level playing field...allow time for those who are doing the work.

    Approves of CEO
  8. 4 people found this helpful  

    Take a good look at everything before you leap

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor in Detroit, MI
    Current Employee - Financial Advisor in Detroit, MI

    I have been working at Edward Jones full-time (more than a year)

    Pros

    Great Training for sales, Get in the right region and the Vet FA's will help you and will be genuine about it. Home office is great support, hard work will pay off, and they will give you a salary to help you until you get your feet on the ground.

    Cons

    Get in the wrong region and it will be a hellish place to work, a lot of Edward Jones offices in the area makes it hard to do "Face to Face" (Door Knock), Will allow other offices to poach your accounts if they are high producers, want you to concentrate on sales on planning, Health Care deductible is way to high, they hold your hand and have portfolios made for you, they do not support your outside mutual funds so if you provide them and something goes wrong you pay for your own lawyer, the mutual you will provide create a conflict of interest for you because they are sharing in revenue with the mutual fund companies, stick with an outdated business model, low pay at beginning even with salary, and they only care how much money you make if you don't make enough then they try and push you out. You will work 65-80 hours a week. Edward Jones claims that they pay for everything, but they do not. You have to cover your own costs. It pretty much comes out of your pocket. Behind on times.

    Advice to ManagementAdvice

    Train the adviser's to actually create a financial plan, lower the cost of advisory, and encourage them with out steep performance lines. This causes people to put clients into commission first and then 2 or 3 years down the line they switch to advisory, even if they qualified for advisory in the 1st place. Give advisory's more flexibility when it comes to advisory. Allow an individual to think about signing off to take over an office, don't make him feel like saying no is a dumb idea. The last thing is stop telling us what we are doing wrong and at least celebrate some of our success's. There is more but I am going to stop there.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Must drink the kool-aid

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

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

    Pros

    Excellent training for financial advisors.

    Cons

    Financial advisors are not treated well unless they are star producers. The commission is tiny compared to independent FAs. The business model of one FA per office is extremely outdated and cost-inefficient.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 1 person found this helpful  

    Service

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Investment Service Specialist in Saint Louis, MO
    Current Employee - Investment Service Specialist in Saint Louis, MO

    I have been working at Edward Jones full-time (more than 5 years)

    Pros

    If you want to develop leadership, and that's the only thing you are looking for, working in Service may not be that bad for you.

    Cons

    Very hard to move out of Service. Company does not value advanced degrees. Your job is working in a glorified call-center

    Advice to ManagementAdvice

    Reward your hard-workers, not your trainers who don't take phone calls.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  11. 2 people found this helpful  

    Great stepping stone...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - FACD in Tempe, AZ
    Former Employee - FACD in Tempe, AZ

    I worked at Edward Jones full-time (more than a year)

    Pros

    Meet great colleauges who will become your friends for life (even after Jones).

    Cons

    Hard work for little pay

    Advice to ManagementAdvice

    Be nicer and more encouraging. You are not gods, you are humans. Be more sensitive to the pressures of training.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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