There are newer employer reviews for Edward Jones
There are newer employer reviews for Edward Jones

See Most Recent

Helpful (1)

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

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

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 Management

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.

Other Employee Reviews for Edward Jones

  1. Helpful (1)

    Stressful environment.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    No opinion of CEO

    Pros

    Good people. Good internal culture.

    Cons

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

    Advice to Management

    Embrace changes


  2. Helpful (3)

    Just another "good ol' boys' club"

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Disapproves of CEO

    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 Management

    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.


There are newer employer reviews for Edward Jones
There are newer employer reviews for Edward Jones

See Most Recent

Work at Edward Jones? Share Your Experiences

Edward Jones

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.