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

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The Balanced View

  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Financial Advisor in Denver, CO
Former Employee - Financial Advisor in Denver, CO
Recommends
Approves of CEO

Pros

Probably the best big firm in the brokerage business. It is very careful not to even offer very risky products to clients. This keeps everyone out of trouble - clients, the firm, and advisors. The willingness to offer guidance is outstanding - at many firms, advisors guard their knowedge carefully and jealously, so as to keep their advantage. At EDJ my experience was that there was an enormous amount of camaraderie and willingness to spend time coaching and mentoring younger advisors. The tools available to help clients are outstanding as well. Many firms allow only top producers to use things like the Morningstar X-Ray - EDJ makes this available to all advisors. Also, the customer contact database is far superior to other firms I have worked for.

Cons

The work of a financial advisor is tough at all firms. EDJ could do more to support young financial advisors in their careers to reduce the failure rate. Benefits for financial advisors are very costly after the subsidy period is over (2 years?). At the end of the day all financial advisors at EDJ and other firms are sales people - that is what is valued the most - their understanding of portfolio construction and financial planning is hit or miss depending on the individual skills of the advisors they hire. My experience is that the experience of the average advisor is a little thin. I would not want my parents to invest with an EDJ advisor unless they had "real" credentials - a CFP or bachelor's or masters in financial planning. Truth be told, this is rare, not just at EDJ, but across the industry.

Advice to Management

EDJ is a great company with so much going for it that sometimes it is difficult to recognize weaknesses. Perhaps because EDJ has such a committment to a buy and hold strategy it is very slow to recognize when a company is really a loser and tends to hang on to buy and hold opinions on stocks and bonds when those should really be sells. I think EDJ should work to strengthen its research capabilities so as to not be caught off guard by Chrysler or Lehman Bro's bonds or by Worldcom, Citi, Wachovia stock implosions.

Other Employee Reviews for Edward Jones

  1. good place to start

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Representative
    Former Employee - Investment Representative
    No opinion of CEO

    Pros

    this is a good place to start .. lots of training but not alot of upward mobility. Good for someone fresh out of college

    Cons

    stagnant growth, not alot of technological tools, focus to much on selling the hot items and not enought on broad learning that can help your clients.

    Advice to Management

    spend more time teaching, the IRs are not dumb and can handle more advanced techniques, lose to many clients to the flash of other firms


  2. Lots of work

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Oklahoma City, OK
    Current Employee - Anonymous Employee in Oklahoma City, OK
    No opinion of CEO

    Pros

    Good company benefits. Home office support

    Cons

    Start with no office cold calls door knocking

    Advice to Management

    Vets need to help out the new guys


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

See Most Recent

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