Edward Jones Reviews in Portland, OR | Glassdoor

Edward Jones Portland Reviews

6 reviews

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Portland, OR

2.9
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Approve of CEO
Edward Jones Managing Partner Jim Weddle
Jim Weddle
5 Ratings

6 Employee Reviews

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Pros
  • Work-life balance is a top priority (in 95 reviews)

  • Great training program for new advisor (in 129 reviews)

Cons
  • Door-to-door residential prospecting is a core sourcing strategy (in 123 reviews)

  • Door knocking sucks most of the time (in 127 reviews)

More Pros and Cons

  1. "Received some of the best training in the industry with Edward Jones."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Portland, OR
    Former Employee - Financial Advisor in Portland, OR
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Edward Jones full-time (More than 3 years)

    Pros

    Edward Jones is consistently rated by Forbes as one of the top 100 companies to work for. They are a professional organization and ensure all of their employees are ethical and honest in their business. They are community focused and encourage their employees to engage with the people in the city in which their office is located.

    Cons

    As a financial advisor at Edward Jones, you will be asked to do a lot of sales type activities and put in very long hours. The ability to earn a high salary is a far stretch and can take a financial advisor many, many years to achieve. And, their health insurance coverage is a high deductible coverage so be prepared to spend a lot of your own money out of pocket.


  2. Helpful (10)

    "Sold a bill of goods. Be very careful with the hype."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Portland, OR
    Former Employee - Financial Advisor in Portland, OR
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Edward Jones full-time (More than 3 years)

    Pros

    Paid training during the series 7
    Occasional paid trips
    Certain level of control over your hours and breakdown of your day

    Cons

    The numbers they sell you upfront are fantasy.
    EXTREME nepotism. Sons and nieces of partners will be given many millions in assets, which is the ONLY way to make this work.
    Performance standards for anyone without connections and free clients are completely unrealistic.
    You will be used to generate leads for other brokers.
    The pay is terrible. 40% of commissions is very low compared to other firms.
    The PRODUCTS are awful.
    High commissions on trades is a complete conflict of interest. try a fee based model.
    You are pushed to sell the most expensive products.

    Advice to Management

    This is a firm stuck in the 20th century. Be upfront with the new hires, many of which are young and absolutely taken advantage of.

  3. "Business model"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Portland, OR
    Current Employee - Financial Advisor in Portland, OR
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Edward Jones full-time (Less than a year)

    Pros

    Good sales people and technical software.

    Cons

    Too much sales pushing in an environment where there should be none, especially as a Financial Advisor. Its a conflict of interest.

    Advice to Management

    Too much overhead at the local office, share the BOA with 2 FA's or more.


  4. "Excellent Training at Headquarters"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Portland, OR
    Current Employee - Financial Advisor in Portland, OR
    Recommends
    Positive Outlook

    I have been working at Edward Jones full-time (Less than a year)

    Pros

    Great potential for high salary

    Cons

    Don't see family very much

    Advice to Management

    Improve communication between corporate and field


  5. "Commission sales, never forget that."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Portland, OR
    Current Employee - Financial Advisor in Portland, OR
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Edward Jones full-time (More than a year)

    Pros

    Autonomy and freedom as to the investments and clients I choose. My own office, assistant and strategies. Lots of help and support from the home office. No incentive to churn your friends and relatives.

    Cons

    Regulations make the job nearly impossible, long hours, late nights, frustrating conversations with a support staff who is friendly but often you will hear 3 different answers to one question. An over-saturated market in my area- 4-5 jones offices within 2 miles.

    Advice to Management

    don't recommend an advisor open up shop when you've got 2 other offices down the street. Provide more marketing help, call lists in addition to door knocking.


  6. Helpful (1)

    "Great potential, but only for a very specific DNA"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Portland, OR
    Former Employee - Financial Advisor in Portland, OR
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Edward Jones full-time (More than 3 years)

    Pros

    If you can stick in the business, your pay will be excellent over the course of time
    Independence
    Profit sharing and profitability bonus can be very lucrative
    GREAT place to gain experience on many different types of assets/investments, esp for a young person looking to find a niche in the world of finance
    Very ethical company

    Cons

    VERY, very, very challenging to begin as a young person without much experience
    Expectations become lofty quickly
    People with connections often get great perks (this frustrated me immensely)
    You must be expecting a highly sales-based job - at times the "advice" is secondary

    Advice to Management

    give young advisors without connections a leg up
    realize that when the economy/market is poor, sales are extremely difficult (expectations do not change)


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