Edward Jones

www.edwardjones.com

Edward Jones Reviews in Des Moines, IA

950 Reviews
3.8
950 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Edward Jones Managing Partner Jim Weddle
Jim Weddle
636 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

3 Employee Reviews Back to all reviews

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  1. 3 people found this helpful  

    Hardest work I've ever done

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

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

    Pros

    You'll ultimately be given your own office to run with significant autonomy. A chance to build and run your own business with minimum interference. Technical support when called upon is generally positive, prompt, and quite helpful.

    Cons

    Compensation is not as glowing as advertised. Significant dropout rate of new advisors in first 3 years. Lots of pressure for you to help recruit new advisors. Training geared towards selling rather than building strong portfolios for clients

    Advice to ManagementAdvice

    Tendency to describe those who leave as slackers who just didn't work hard enough...as in, yes their is turnover but we're losing those who really weren't willing to do the work. Don't significantly raise goals in the midst of a significant economic downturn.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  2. 9 people found this helpful  

    Horrible, Untrustworthy Company to Work For

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

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

    Pros

    None. Any pros are by far outweighed by the cons. There is some freedom to the work, which is not really freedom at all as you will feel constantly under the gun to produce more revenue and clients.

    Cons

    To achieve success, you have to be willing to be unscrupulous and somewhat dishonest to clients. You have to sell expensive and under-performing mutual funds. We all know (or should) that index funds are the best solution for the vast majority of clients, but this company will delude you into thinking you are doing right by someone by steering them into something else. Have some respect for yourself and DON'T. Just don't work here, you will end up hating yourself and what you've done to clients.

    Advice to ManagementAdvice

    Move entirely away from a commission based structure and into a fee based model. Lower your overhead costs, especially in St. Louis. Do something to help reduce the massive turnover in employees every year. In fact, just sell the company and move into another line of work. This one doesn't suit you.

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

    Thick Skin is Required

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Financial Advisor in Des Moines, IA
    Former Employee - Financial Advisor in Des Moines, IA

    I worked at Edward Jones

    Pros

    Their is potential for a lot of upside in your compensation.
    Can be very fulfilling experience.

    Cons

    The first few years will be the most difficult possible and you will feel like quiting 5/7 days a week.
    This job require at least 80 hours of work a week; if you have a lot of family commitments this job may not be for you.

    Advice to ManagementAdvice

    Don't Go Public and Don't Sell Out!

    Recommends
    Approves of CEO

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