Edward Jones

  www.edwardjones.com
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Edward Jones Reviews

Updated Jul 8, 2014
All Employees Current Employees Only

3.4 844 reviews

81% Approve of the CEO

Edward Jones Managing Partner Jim Weddle

Jim Weddle

(575 ratings)

64% of employees recommend this company to a friend

Review Highlights

Pros
  • If you choose the team carefully you can have a good work/life balance(in 35 reviews)

  • Great training one of the best programs in the industry for training financial advisors(in 62 reviews)


Cons
  • Out of date prospecting, door to door simply doesn't work in some areas(in 49 reviews)

  • Door knocking was one of the hardest things I've ever done in my life(in 63 reviews)

234 Employee Reviews Back to all reviews
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    • Culture & Values
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    1 person found this helpful  

    Great company, but business model not a good fit for me

    Financial Advisor (Former Employee) Seattle, WA

    ProsIndependence, great training, regional leadership in my area was and is fantastic, as are all the people I met while working for the company. If you can "drink the green kool aid", you will love it. The people that succeed are incredibly passionate about what they do and the company, and it's inspiring. Got to meet several former managing partners while working for the company. If you like being on your own without a boss, you will like it. You have support, but you have to seek it out and pick up a phone in order to get it. You really do get to build your business as you want to, as long as you are profitable and ethical, which is really empowering.

    ConsThe business model just wasn't a great fit for me- you are very isolated, working from home for a good portion of your training. You have trainers and mentors but, as they are also FAs, their priority is building their own business and you sometimes feel like you are imposing. I am more team-oriented and did not like the idea of sharing my office with just a BOA, which I might not have had any input on hiring. As with most financial firms, getting as many contacts as possible is the priority, and left very little time for any sort of life outside of work (I wanted to go back to school for my MBA, and was told there simply wouldn't be time). If you are a woman, be prepared to be severely outnumbered- my region had the best m-f ratio in the country, but I heard from other women that it was a boys' club and that there was some perceived biases that you couldn't do the job and be a good mother and wife (I heard that from a woman in the South). Even though you go door-knocking during the interview process, I was shocked at how difficult it was day in and day out. Pay for FA trainees is on par with industry, but a lot less than I made at my previous job as a retail manager for a large cell phone company. Be prepared for 60-70 hour work weeks and sleepless nights stressing over numbers. From what I was told, it doesn't get better until year 4. It's helpful to have a spouse that doesn't work, but my husband has his own career and it was too much for us at this time.

    Advice to Senior ManagementHonestly, it was a great experience and I am really grateful for the opportunity; it just wasn't a good fit for me and my family at this point in our lives. Having great regional leadership makes a huge difference, and I have nothing but respect for those that can stick it out.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Branch Office Admin

    BOA Branch Office Administrator (Former Employee) Charleston, SC

    ProsVery supportive of office staff. Great work / life balance. Edward Jones loves its family oriented culture.

    ConsFA's are given priority over BOAs. Some BOA are actually treated quite badly by their FAs and corporate does very little about this.

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    Enjoyed my time...

    Anonymous Employee (Former Employee)

    ProsEdward Jones offered employee training.

    ConsI can't think of any cons.

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
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    • Approves of CEO

     

    Great company to work for!

    Anonymous Employee (Former Employee)

    ProsThe people were always helpful, work/life balance was good, the culture was good. Overall good place to work.

    ConsPay was okay, could be better. They seem to lag behind other large firms when it comes to the systems that they use.

    Advice to Senior ManagementKeep your staff in the loop of things.

    Yes, I would recommend this company to a friend

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    Work/Life balance is awesome. Good people to work with.

    Paralegal (Former Employee) Saint Louis, MO

    ProsWork/Life balance, good people, value advancement of associates with initiative, good culture

    ConsManagement, compensation, poor decision making

    Yes, I would recommend this company to a friend

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    • Approves of CEO

     

    Received some of the best training in the industry with Edward Jones.

    Financial Advisor (Former Employee) Portland, OR

    ProsEdward Jones is consistently rated by Forbes as one of the top 100 companies to work for. They are a professional organization and ensure all of their employees are ethical and honest in their business. They are community focused and encourage their employees to engage with the people in the city in which their office is located.

    ConsAs a financial advisor at Edward Jones, you will be asked to do a lot of sales type activities and put in very long hours. The ability to earn a high salary is a far stretch and can take a financial advisor many, many years to achieve. And, their health insurance coverage is a high deductible coverage so be prepared to spend a lot of your own money out of pocket.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    • Approves of CEO

    1 person found this helpful  

    Great support and nice people

    Anonymous Employee (Current Employee)

    ProsGood benefits, 401k pretax and Roth available, profit sharing and you are immediately 100% vested. Home office is only a phone call away and their support and courtesy is amazing. Received support from home office when I had a difficult office situation. I now work with a very nice financial advisor and we get a long well. There is a lot of training modules on line so you can learn about services that your particular office does a lot of, ie, insurance, estate planning and a great variety of other services.

    ConsEdward Jones promotes the 2 office team and both the FA & BOA are encouraged to build the business. The boa wears so many hats it is difficult to master everything. The job can be quite stressful sometimes. I do not think we are fairly compensated especially in comparison to what the "team" accomplished but the financial advisor receives the perks. Compensation can vary greatly between boas depending on the profitability of that particular office so the pay is unequal even in your own region.

    Advice to Senior ManagementThe financial advisor is the money maker and should be compensated as such but he could not perform his duties and make the contacts and bring in new business or service the branch existing business without his partner. If you want the BOA to be a partner you should value them as such. I have been with this company for 7 years and think very highly of them. However, I am currently looking at a company where I have been offered a higher salary, profit sharing and more opportunity for advancement. I don't want to leave Edward Jones but I am feeling undervalued and in a sense duped into thinking that I am a real member of a team.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    • Approves of CEO

    1 person found this helpful  

    Great company with a lot of great people!

    Senior Recruiter (Current Employee) Maryland Heights, MO

    ProsVery flexible work environment with ability to work from home. The associates know their objectives and are empowered to reach them.

    ConsPay is not as high as other competitors in the industry.

    Advice to Senior ManagementIt is important to hire external talent but they need to continue to promote from within as well.

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    Definitely a place you could spend an entire career!

    Manager (Current Employee) Saint Louis, MO

    ProsGrowing, stable Fortune 500 organization; Partnership structure enhances culture and the firm's not working to meet the Street's expectations; Great benefits; High value placed on individual development, relationships, and results

    ConsChallenging Work/Life Balance; Often too heavily focused on results and not enough focus on the people and what it takes to get something accomplished; Numerous senior leadership positions, at least within Finance, have been filled by external hires, which appears to be eroding the culture within the division.

    Advice to Senior ManagementRealize that we can't operate at 110% all of the time!

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Disapproves of CEO

     

    Great opportunity to be your own boss.

    Financial Advisor (Current Employee) Denver, CO

    ProsA perfect blend of business independence and excellent back office support gives financial advisors the ability to build a successful business serving investors.

    ConsNew advisors receive a modicum of sales training and very little technical training. Investors are well advised to work with advisors that have been out for a few years.

    Advice to Senior ManagementConsider implementing a process that gives clients the choice of an experienced advisor if/when their FA leaves Edward Jones. This will help build brand loyalty and emphasize the client experience over individual branch location profitability. This may be a better growth strategy than cycling clients through repeated inexperienced FAs.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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