Edward Jones

  www.edwardjones.com
  www.edwardjones.com

Edward Jones Reviews in Chicago, IL

Updated November 14, 2014
Updated November 14, 2014
912 Reviews
3.7
912 Reviews
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Edward Jones Managing Partner Jim Weddle
Jim Weddle
616 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 69 reviews)


Cons
  • Out of date prospecting, door to door simply doesn't work in some areas (in 53 reviews)

  • Door knocking was one of the hardest things I've ever done in my life (in 67 reviews)

More Highlights

25 Employee Reviews Back to all reviews

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  1. 3 people found this helpful  

    Branch Office Administrator

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Branch Office Administrator in Elmhurst, IL
    Former Employee - Senior Branch Office Administrator in Elmhurst, IL

    I worked at Edward Jones (more than 10 years)

    Pros

    Edward Jones is a great company to work for especially if you have a good office partner, Each office has one investment advisor and a branch office administrator. They have an excellent training system especially if you're new to the industr. It is a service oriented position which allows you to get to know your clients and to help them with their financial services. Getting to know the clients and help them made the position meaningful. the benefit package is a good one

    Cons

    There is really no room for advancement, since there are only two positions; the investment advisor and the support staff position.

    Advice to ManagementAdvice

    Acknowledging the support staff with more money or better perks would probably keep more people. investment advisors are compensated at a much higher level as the profit center.

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Not the place to start

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

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

    Pros

    -It's great to have name brand recognition and the free marketing that comes with working for a known commodity like Edward Jones.
    -Great training program
    -Also, if you are looking to avoid micro management, this is the place for you.

    Cons

    It can be tough to see enough decision makers by going door to door during the daytime. This is a pretty big obstacle if this is your first time building a book. Also, the majority of new advisors do not have an office, which can create a perceived credibility issue in the eyes of prospects.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    Prepare to revel in mediocrity

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

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

    Pros

    Amazing benefits(eventually). Supportive culture. Opportunity to create an amazing career.

    Cons

    Strong emphasis for new people to sell financial products rather than offer financial advice. "Successful advisors" that teach and mentor wouldn't have enough revenue to make it out of a wirehouse training program. Door to door sales in a major metropolitan area is not as effective as in rural areas. Putting new advisors on top of each other's territory.

    Advice to ManagementAdvice

    Talking about being a community based advisor and then placing new "folks" either on top of each other or in area that has been already been marketed to is not a great practice.

    Recommends
    Positive Outlook
    No opinion of CEO
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  5.  

    Great Summer Experience

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

    I have been working at Edward Jones as an intern (less than an year)

    Pros

    So hard to go over everything, but the best for sure is the experience you gain working directly with a Financial Advisor. The program is ran by people who truly want the best for you. Regardless of if you plan to follow this career path, it is an amazing summer where there is never a dull moment; I'd reccomend this internship to anyone looking to work in the field.

    Cons

    While the internship program tries their best to make sure you are constantly busy, there are some times when your advisor doesn't need your help and the program leaders don't have something for you to do. Also, some activities don't work for every intern; all offices are different.

    Advice to ManagementAdvice

    Keep doing what you're doing.

    Recommends
    Positive Outlook
    Approves of CEO
  6. 4 people found this helpful  

    Can't imagine living a better life than I am with jones

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

    I have been working at Edward Jones full-time (more than 3 years)

    Pros

    -Independence to work as you please and do what is successful for your particular strengths
    -Income potential. I started straight out of college, taking over a very small book (less than 5 million), and didn't sell to any friends or family, yet still have made more than 100% of my friends every single year just by following Jones' recipe
    -Work life balance. I come in as I please and leave as I please
    -Pride in running your own office
    -satisfaction in truly making a difference in your clients lives (being that you truly do what's right for your clients)
    -traveling. Not only are the diversification trips unbelievable, but the summer regionals are very nice and the due diligence trips are great.

    Cons

    -Nepotism. Friends or family of regional leader or GPS always get the best situation.
    -Those that take over good situations always have the best advantage for leadership roles and partnership. I feel like they need to take what you take over onto consideration when giving out leadership roles

    Recommends
    Positive Outlook
    Approves of CEO
  7. 2 people found this helpful  

    Think carefully before doing this

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

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

    Pros

    A good opportunity if you can take the trade offs

    Cons

    The health insurance is horrible - don't take this job if you need to use your insurance/go to the doctor your first few years

    Advice to ManagementAdvice

    Be clearer with people interviewing that the health insurance deductible is 6500 a year for a family every year, and that premiums will go up every year. Long term disability coverage fluctuates based on someone's income while employed. The St. Louis trainings are grueling and this job takes huge physical endurance. Reconsider this if you have family or personal responsibilities as it is not easy.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Great company to work for if you have a family

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern in Chicago, IL
    Former Employee - Intern in Chicago, IL

    I worked at Edward Jones as an intern (less than an year)

    Pros

    Great work life balance at this company, treat employees generally well and most seem happy. Work for yourself and make your own opportunities.

    Cons

    If you aren't driven or don't like interacting with others this is not the job for you. Can be rough to start and build you client base.

    Neutral Outlook
    No opinion of CEO
  9. 1 person found this helpful  

    Difficult to be successful there

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

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

    Pros

    Positive work environment, good leadership

    Cons

    Small two branch offices make the days lonely. Door knocking was one of the hardest things I've ever done in my life. It is particularly difficult in saturated areas.

    Advice to ManagementAdvice

    Stop opening up branches in saturated areas like St. Louis and Chicagoland. You shouldn't drive down one street and find three Edward Jones in less than a mile.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Great company and culture but know what you are signing up for

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

    I worked at Edward Jones full-time (more than 8 years)

    Pros

    Ability to control your own destiny and be your own boss, great culture within the regions, help/training readily available...just need to ask, helping people achieve their goals and dreams

    Cons

    I love EDJ but know this: It's a 100% commission/fee-based after 2 years, door-knocking/prospecting = lots of rejection, handling clients complaints = managing people of all different types, high stress situations at times (but what important job doesn't have that)

    Advice to ManagementAdvice

    Think outside the box - as EDJ is anything but a flat organization. Flat in the field, yes, but their are so many layers of corporate B.S. in St. Louis that it almost creates an "us" versus "them" culture. If it's truly a partnership, then advisors should know about how they could potentially ascend within the region and the firm. With the bold growth initiatives of 2020 there needs to be more field based area leaders that aren't 20+ year vets aka middle aged, white males. Embrace younger, successful advisors that think outside the box for these roles along with women and minorities. You may "say" you are doing some of this, but you are not.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Middle of the pack

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

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

    Pros

    Great opportunity to start without established book, network of financial advisors very helpful, reasonable monthly sales goals

    Cons

    Limited Market/stock Research and mediocre commission structure

    Advice to ManagementAdvice

    Provide better market and stock research to help FAs service their clients

    No opinion of CEO

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