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The ceiling at Edward Jones is extremely high. There really is no limit to what you can achieve as a Financial Advisor with this company. Once you have established yourself, you have a lot of financial security and freedom with your time.
The failure rate of new financial advisors is astronomical. I would say in my area about 5% of new advisors lasted beyond the first year. The company treats new employees like spaghetti thrown against a wall, they just wait and see who sticks. Also, they advertise that first year advisors typically make at least 40K, however this is only accurate if you are among the 5% of successful advisors. Of the 95% who leave after about six months, they will likely make around 10K during that time. Most advisors who do make it do so not because of skill or work, it's typically luck. Happening to find the right client(s) at the right time during the right economic circumstances. Many hard working, educated, and talents new advisors had no chance to make it their first year.
Advice to Management
Leadership at Edward Jones ought to be much more concerned about where they put new Advisors and how many new Advisors they place in a given area during a given time.