Edward Jones

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

 

A good company but a little misguided.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Financial Advisor Trainee in Minneapolis, MN
Current Employee - Financial Advisor Trainee in Minneapolis, MN

I have been working at Edward Jones full-time (less than an year)

Pros

Great company values and culture. They want to support you every step of the way.

Cons

They have a certain number of employees they want and will find an excuse to separate employment.

Advice to ManagementAdvice

Really talk to new employees to understand what the real world is like.

Doesn't Recommend
Neutral Outlook
Approves of CEO

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

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  1. 3 people found this helpful  

    Inclusive culture but no upward mobility

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

    I have been working at Edward Jones full-time (more than an year)

    Pros

    As a BOA, you will sit in an office with (or without, some spend a lot of time out of the office) one financial advisor. If you have a financial advisor with years of experience and a developed client book, your day will be filled with scheduling client appointments and processing paperwork, executing marketing campaigns, and triple-checking your work to make sure you followed FINRA regulations.

    The company culture is very warm and family-friendly but make sure you drink the Kool Aid. The home office provides great back up support and will help with any process. The training provided to new BOAs is incredibly comprehensive- you could start the job with no office experience and become an expert in 6 months. For anyone with prior experience, it's a little redundant and simplified for the lowest common denominator.

    Benefits package is pretty comprehensive: medical, dental, vision, 401k matching, profit-sharing, vacation & sick days, adoption and tuition assistance.

    Cons

    If you have a new financial advisor, your day will be spent pretending to be busy because you have no clients to service while your financial advisor panics about making numbers which is entirely out of your control. The only advancement for BOAs is to become a Senior BOA, the same position with a small pay bump, unless you decide to train to become a financial advisor or move to St. Louis to work from the home office.

    Maternity leave is short-term disability/FMLA unpaid time/any sick days you haven't already used, so not tremendously supportive for a "family-oriented" company. Compensation is below average for this position which is really more customer service than administrative. BOAs are paid hourly and some financial advisors are militant about not paying for a full day if they tell you to leave 15 minutes early. Medical insurance is high (VERY high) deductible so be prepared to pay for most of your healthcare costs out of pocket.

    Advice to ManagementAdvice

    Pay us better, make us salaried, give us some advancement opportunities that aren't dependent on the financial advisor's success, and go back to a co-pay based health insurance plan. You say that we're your biggest client retention tools, please treat us that way.

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

    financial advisor

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor in Madison, WI
    Current Employee - Financial Advisor in Madison, WI

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

    Pros

    independence, work life balance, unlimited earning potential

    Cons

    only get paid on comission and 40/60 slip

    Advice to ManagementAdvice

    great manangment, constantly have your feet to the fire

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
There are newer employer reviews for Edward Jones

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