Edward Jones

  www.edwardjones.com
  www.edwardjones.com
There are newer employer reviews for Edward Jones

1 person found this helpful  

Not a good fee based advisory business, cant meet production goals unless you sell high upfront commissions only

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Financial Advisor
Current Employee - Financial Advisor

I have been working at Edward Jones

Pros

no start up costs, will train you every inch of the way on how to sell, your on your own to learn how to make your clients money. Good way to get foot in door for college grads and people with no capital to start thier own business

Cons

40% payout accross the board basically, your on your own but still not feel as though you are in control. They offer a fee base or commission base, your choice, but if your looking to be a fee based broker, ed jones profitability and requirements do not meet standards for using fee base products, meaning you wont be meeting standard commission guidelines if you try to build fee base business, you will most def go broke and lose your job trying to do whats right for the client

Advice to ManagementAdvice

do not offer the option to sell advisory fee based products to new financial advisors in the firm, a person either believes fee base or commission base. OFfering both and only using the commission base as a way to track individual performance is like shooting yourself in the foot. it is hard to sell a fee structure if you believe in commission only, and vice versa.

Approves of CEO

925 Other Employee Reviews for Edward Jones (View Most Recent)

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  1. 1 person found this helpful  

    Stressful environment.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Edward Jones

    Pros

    Good people. Good internal culture.

    Cons

    Door to door sales strategy is antiquated and can be dangerous.

    Advice to ManagementAdvice

    Embrace changes

    Doesn't Recommend
    No opinion of CEO
  2. 1 person found this helpful  

    If you have an education or a specialized skill, do not work here

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - HQ Associate
    Former Employee - HQ Associate

    I worked at Edward Jones

    Pros

    Easy job
    Name recognition within St. Louis
    Access to top management but it doesn't get you anywhere
    If you want to be doing the exact some thing for 20 years this is the place

    Cons

    VERY few promotions from within
    Pay stinks
    benefits are very expensive and not that great
    Lack of career progression
    Lack of acquisition of new skill
    The 'Beverly Hillbillies' run the firm
    No cultural awareness
    No regard for higher education, in fact some were criticized for getting avanced degrees
    General partners will flat out lie to you
    Movement to other departments is almost impossible
    No cultural or gender diversity

    Advice to ManagementAdvice

    Pay people more, stop telling associates that they can go to management and speak freely only for associates to be criticized. Expand to other markets and just becasue someoen can sell does not mean they can manaage a firm

    Doesn't Recommend
    Disapproves of CEO
There are newer employer reviews for Edward Jones

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