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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

873 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. 3 people found this helpful  

    Just another "good ol' boys' club"

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

    I worked at Edward Jones

    Pros

    Name recognition
    Ability to set up shop nationwide
    Decent training and access to materials
    Vacation bonus incentives
    OT pay available while training

    Cons

    Workplace ignorance/insensitivity is highly prevalent
    Immaturity of new hires is obvious - some of the employees are plucked right out of high school without even attending or finishing college
    Diversity is non-existent: if you are a woman, immigrant, or ethnic minority, prepare to stand out like a sore thumb
    Very "small town" "mid-Western" feel, not recommended for worldly job-seekers used to living in a city or those who have worked globally
    Very poor medical coverage/benefits

    Advice to ManagementAdvice

    Get a clue when it comes to workplace sensitivity and making sure you squash inappropriate comments, behavior, and attitudes before they get out of hand. This training program was a wannabe-frat house complete with over-sexed booze hounds ruining it for the rest of us.

    Doesn't Recommend
    Disapproves of CEO
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