Edward Jones Reviews

Current Employee – been working at Edward Jones full-time for more than 7 years

Pros – The history and culture are part of what makes working for Edward Jones so rewarding. Helping our clients to meet their financial goals is at the center of everything we do.

Cons – Small office setting is really like extended family. It takes a lot of work to keep the relationships productive and rewarding.

Advice to Senior Management – Don't try to change too much.

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

Former Employee – worked at Edward Jones full-time

Pros – Training, co-workers bend over backwards to help out new advisors.

Cons – Build client base by going door-to-door. First performance benchmark is at four months. If not met, termination of employment is a real possibility. 14 hours days (10 on weekend) expected of new advisors. Selling front-end loaded mutual funds (5.75%) difficult when many superior no-load funds are available.

Yes, I would recommend this company to a friend

Current Employee – been working at Edward Jones

Pros – Fortune 100 best companies to work for

Cons – Your pay, level of responsibility and bonus all depend on your branches financial advisors level from 0-10.

Current Employee – been working at Edward Jones

Pros – Good people to work with.

Cons – Business model works, just not everywhere.

Former Employee – worked at Edward Jones full-time for less than a year

Pros – If you make it it can be a great career, The success rate for new advisors is less than 10%. great perks if you hit the targets.

Cons – You are not an advisor, at least not in the early years, just a sales person. Be careful if you take a Goodnight plan. The experienced FA dumps many of their trash accounts and you spend time touching base not many prospects.

Advice to Senior Management – Screen your new FA's higher fewer and help them more in the early years.

Former Employee – worked at Edward Jones full-time for more than 3 years

Pros – Values driven company. Strong sense of company culture.

Cons – "Old boys club" strongly in place. Too much independence for Regional Leaders, without accountability to home office. They lose valuable talent due to politics within the region that Management is not aware of.

Advice to Senior Management – Solicit feedback from new FA's on their experience implementing EJ biz model in their community. It is not a cookie cutter biz plan industry, and you will never break into certain markets with that mentality.

No, I would not recommend this company to a friend

Former Employee – worked at Edward Jones full-time

Pros – -Provide you with all of the financial tools you need for analysis
-Veteran FA's will go out of their way to try and help new ones
-provide industry standard training for exams (no better or worse then most others)
-better base salary then Indy firms, but minimum wage for first 2-3 months
-Good Culture (client's interest)
-Some nice people

Cons – -Bad Culture (if you struggle , the company claims you are not a "hardworker" and doesn't offer much help to find a solution)
-Absolutely ZERO work/life balance first 3 years (you will work from 8 a.m to 9 p.m weekdays, and 6 hours Saturday
-One Size fits all approach, no innovation with sales/prospecting techniques
-Software/ technology is a complete joke (the system has fantastic content, however it takes me 2 hours to get into the system most days and terrible usability)
-Big Brother Feel -- you will receive calls from a faceless name in STL every other day
-If you are "New/New" you will work from home for 1 year
-Stiff contract (you can quit anytime, but be ready to pay them back for training)
-Door-knocking can work, but it isn't very enjoyable (Unless you are the perfect jones fit)
-Benefits worse then rest of the industry

My Advice
- If your not the type of person who talks to everyone they come across in any situation, then do not take this job. You are expected to basically befriend thousands of people in hopes that some of them will like you enough to give you some of their nest egg. To me, this was just incredibly draining and monotonous. You have to truly know that you want this job, be able to accept having no life for 3 years, and be extremely self-disciplined. I am a very hardworking person, but I need some structure in my work life, therefore it wasn't the best place for me.

 I thought It sounded like a good opportunity with alot of freedom. In truth you have too much freedom in your daily activities, but absolutely 0 freedom in long-term orientation, goals, and expectations.

Advice to Senior Management – - Don't manage through fear of being fired, manage by making the new hires truly feel like they are part of something and that they are valuable to the organization. I had that feeling for the week in STL, but as soon as I left, I just felt like I was just another one in, another one out.

No, I would not recommend this company to a friend

Former Employee – worked at Edward Jones full-time for more than a year

Pros – Great core values. Investment platform and resources are top notch. Great support group. Training and development are terrific. A lot of quality people that work for the company. Compensation is great once you find your niche and start producing.

Cons – Very old school approach at growing your business. If you are not provided an office with assets, you will have a tough time keeping on board with their door knocking and cold calling approach to growing your business. You are often times on an island by yourself with your own thoughts. Stringent standards you must meet or else you will be terminated.

Advice to Senior Management – Its the 21st century and although door to door can be an effective way to growing your business locally, you must teach alternative ways using favorable introductions with family and friends. People are very opposed to doing business at their door step.

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

Former Employee – worked at Edward Jones

Pros – Good working environment, solid business practices

Cons – Not much clarity on what to do to develop further with the company

Yes, I would recommend this company to a friend

Former Employee – worked at Edward Jones full-time for less than a year

Pros – Can't think of any at all.

Cons – When they tell you "95% of our FA's in training pass the series 7 test." Ask them for the statistic of how many are fired before they even get to sit for the exam. They won't tell you. But the truth is likely less than half of the 80 to 100 in each new study group will be fired before the fourth week of study. Very ruthless company, poor study tutors. You are and will always be just a number to them, not a person. I left a good paying job only to be fired three weeks into the study program because my scores weren't high enough. Believe EVERY bad thing you read on Glassdoor about Edward Jones. Learn from my life's mistake!

Advice to Senior Management – Treat people like people, not numbers. Get real, qualified teachers for the study line. Not failed teachers from the public school system. Re-evaluate the three week or your fired rule that you don't tell FA's in training about. Tell the truth from day one and save good people the hardship of the three month recruitment process only to be "separated from employment" three weeks after being hired. Not a way to run a company. Very evil!

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company