Edward Jones Reviews

Updated August 29, 2015
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Edward Jones Managing Partner Jim Weddle
Jim Weddle
158 Ratings

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

  • Great training and home office support (in 70 reviews)

Cons
  • If you don't like or can't bear going door-to-door Edward Jones is not for you (in 57 reviews)

  • The door knocking model is not for the faint of heart (in 68 reviews)

More Pros and Cons

305 Employee Reviews

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  1. Helpful (2)

    Best in small towns

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Disapproves of CEO

    Pros

    Great place to start in this industry. ... Generally good people. ... Model works best in a small town where you can make yourself known.

    Cons

    Company pressures you to sell certain investments and a certain model of investing advice. .... A few bad months and you are done. ... Partners at the home office can make a lot of money off people in the field.

    Advice to Management

    In metro areas, put two or three advisors in an office. ... Provide more independence for advisors. ... Be less rigid about Segs and more patient with young advisors.


  2. Helpful (1)

    BOA

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

    I have been working at Edward Jones part-time

    Pros

    Company has high standards of ethics in the industry. Promote a work/life balance. Good back office support available at all hours.

    Cons

    Most of the BOA's feel very under valued and at the mercy of the FA. Only 2 people in an office, so not much team work feel.


  3. Helpful (1)

    Damaged Goods

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Seattle, WA
    Former Employee - Financial Advisor in Seattle, WA
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    Pros

    I transferred to EJ with 14 years experience. They have their own way. I had to re-learn. Better to start at Jones than to transfer to.

    Cons

    After a 2009 auto accident with traumatic brain injury, Edward Jones was get rid of me.

    Advice to Management

    The brokerage business is the same, no matter where.


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  5. Good Place to Start

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Good introduction to finance, flexible

    Cons

    No opportunities for advancement, limited training opportunities


  6. First Year

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Fort Worth, TX
    Current Employee - Financial Advisor in Fort Worth, TX
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Edward Jones (Less than a year)

    Pros

    Freedom to expand own business climate. Business culture. The ability to become your own boss. Hours you put in determine your level of success. Willing to work would reflect positively.

    Cons

    Lack of strong leadership, local management. Edward Jones uses an old school technique to gather your own prospects face to face. Expectation is high to go door to door.

    Advice to Management

    Have a longer learning process that actually pairs a new advisor with a leader or trainer for a much longer period rater than just a weekly 1 hour meeting.


  7. Clear Direction

    Current Employee - Senior Systems Administrator in Saint Louis, MO
    Current Employee - Senior Systems Administrator in Saint Louis, MO
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Edward Jones (More than 8 years)

    Pros

    Senior leadership knows how to steer the ship. Good pay and benefits. No layoffs.

    Cons

    It depends on the area you are working.


  8. Helpful (1)

    HQ

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Chump in Manchester, MO
    Current Employee - Chump in Manchester, MO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    EJ has onsite cafeteria. This helps since a 1 hour lunch break is unheard of and/or frowned upon. Descent salary.

    Cons

    Culture, culture, culture. If you are an independent thinker or prefer autonomy, look elsewhere. Watch your back!


  9. Tough Work But

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor Trainee in Tulsa, OK
    Former Employee - Financial Advisor Trainee in Tulsa, OK
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Excellent training program for people with and without existing experience. Thy will teach you everything you need to know about selling an investment from their focus list.

    Cons

    Limited investment lineup for aggressive investors. You will compete with other Edward Jones advisors and if you are not "cut-throat" you will lose.

    Advice to Management

    No need to give this, they love e fact that they are a partnership, but fail to mention they act as any other corporation. If you are not a General Partnet, your opinion is null and void.


  10. Financial Advisor

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Edward Jones full-time

    Pros

    No limits on earning potential. Very good career for self motivated individual.

    Cons

    Very difficult industry to get started in. Edward Jones provides excellent training, but could benefit from an associate advisor program for new advisors to partner with a senior advisor. Low pay during study and training process. Difficult to establish yourself in a new market fast enough to keep up with the Jones performance expectations.

    Advice to Management

    Continue to work on your new advisor programs and support. Pilot an associate advisor program working with a senior advisor.


  11. Financial Advisor

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Edward Jones is an excellent company. The FA opportunity is great for the right person. My experience has been very much in line with what was explained throughout the interview process. To succeed you need to follow the recipe and work hard for the first 3-5 yrs while building your business. Your left completely alone once your our in the field. This is a pro and a con in my opinion.

    Cons

    This is a very difficult business to make it in. If you know in advance where you hope to eventually be working, scout out the neighbourhoods, how many have no solicit signs? If your primary means of obtaining new prospects is by door knocking, it will be very challenging if all of the neighbourhoods are no solicit. Working alone is not for everyone, and you really are alone here. There is great support if you want to call another FA in your region, but you are still really on your own and it feels like it.



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