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Edward Jones

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Edward Jones

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Edward Jones Reviews

Updated Oct 22, 2021

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Found 3,375 of over 3,603 reviews

3.9
72%
Recommend to a Friend
87%
Approve of CEO
Edward Jones Managing Partner  Penny Pennington
Penny Pennington
605 Ratings
Pros
  • "Has sufficient support from the home office(in 176 reviews)

  • "Great Training for a new advisor(in 168 reviews)

  • Cons
  • "Old school mentality to prospecting (door knocking strongly encouraged)(in 221 reviews)

  • "The emphasis they place on door to door prospecting(in 170 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

    Ratings by Demographics

    This rating reflects the overall rating of Edward Jones and is not affected by filters.

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    1. 5.0
      Current Employee

      Well Worth It

      Sep 20, 2021 - Financial Advisor in Concord, NH
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Flexibility Pay Limited micromanaging if you can perform

      Cons

      Tough to get started Grinding for the first few years

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    2. 2.0
      Former Employee

      Great work life balance, not much else positive

      Oct 21, 2021 - Financial Advisor 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Freedom, flexibility, growth opportunities, and working for a big name

      Cons

      Pay is very little in the beginning. The culture is weird where until you are a higher level FA or related to an existing FA, you feel like you are on the outside looking in and treated way differently. Unless your are related to a high level FA, don't expect to receive any portion of a book of business that would assist you in getting your feet wet and supporting you financially as you build your own. Super huge conflict of interest regarding how goodknights (Asset sharing plans) are divvied out.

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    3. 5.0
      Current Employee, more than 3 years

      Great culture with a lot of support and growth potential

      Sep 26, 2021 - Financial Advisor in Provo, UT
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Edward Jones has a culture of putting client’s needs first and provides employees a supportive atmosphere where your growth and potential is only limited by your efforts.

      Cons

      Often times I have been frustrated by our conservative nature with regard to our culture of compliance. Don’t get me wrong, making sure we are compliant with all regulations from FINRA, DOL, etc is extremely important, but it feels like we are tying one hand behind our back just to make sure we don’t cross any lines. As a result I think our home office interprets most regulation in a way that creates a bunch of unnecessary, time wasting work, that can cause delays in opening accounts or making account changes that cause me a lot of frustration.

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    4. 3.0
      Current Employee

      Constant challenges lacking direction

      Sep 13, 2021 - Technical Consultant in Tempe, AZ
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Very challenging environment that provides the environment to grow. Great benefits based on a fair merit system, profit sharing, and LP available for dedicated employees.

      Cons

      Previous management had a clear direction and expectations while current externally hired management poorly implements agile methodology with heavy emphasis on unrealistic dates, ignoring feedback from senior employees. Leadership fails to clearly explain the need for projects and provides no insight how to get there nor why. It is very difficult to recommend employment here as most employees are getting burnt out with the constant context switching and contradictory methodology implementations.I hope the environment improves, but this might take quite a while to do so

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    5. 5.0
      Current Employee, more than 5 years

      Great Company - Solid Leadership - Rock Solid Culture

      Jun 24, 2021 - Financial Advisor in San Francisco, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Penny is a solid Managing Partner and there are cracks in the 'business as usual structure' of Edward Jones (this is very, very good). There is an active push to bring more diverse people to the table to reflect the changing demographics of America and the changing face of wealth - and an active pushback from the more conservative elements of the firm who just can't tolerate this. I feel as if the company finally realized in order to survive, there would have to be an evolution of thinking and practice and we are seeing the start of this and the bearing of fruit. It's tough going though, but ultimately the right path.

      Cons

      Still there remains a 'good ole boy' network, especially at the top that only wants you in a position of power in the org if you're 'one of them'. It's very limiting as a Financial Advisor - there are many good options Edward Jones won't allow you to work with. You'll do a lot of work and check a lot of boxes that provide no value, but protects the firm. This is a long game - you have to be with the firm a min of 5 years to see the real benefits

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      6 people found this review helpful
    6. 4.0
      Former Employee, more than 1 year

      Pretty solid

      Oct 22, 2021 - Financial Analyst in Pittsburgh, PA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      good pay and benefits but not the most supportive starting out

      Cons

      you don't make as much money as you should when you're starting out

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    7. 5.0
      Current Employee

      Great Culture

      Oct 19, 2021 - Financial Advisor in Saint Louis, MO
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Privately held company that doesn't have to answer to shareholders every 90 days. It makes a big difference in the employees lives when the firm can plan longer term. Clients truly come first here.

      Cons

      As great as it is here, the firm continues to grow which is great, but leads to some bureaucratic discomfort.

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    8. 5.0
      Current Employee

      good company

      Oct 21, 2021 - Financial Advisor in Appleton, WI
      Recommend
      CEO Approval
      Business Outlook

      Pros

      base salary plus commission for first 4 years

      Cons

      some advisors start with little to no assets, others are given a good book to start

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    9. 3.0
      Former Employee

      Balanced review

      Jul 13, 2021 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      They offer lots of internal training opportunities to grow your skills and a lot of feedback concerning your work performance. Great place to gain skills and training. The sky is the limit if you can pass as many licensure exams and network build relationships and have proven record of successful results.

      Cons

      Hiring leaders are not fully held accountable for the hiring experience as it relates to proper feedback for candidates. Some hiring leaders have unreliable expectations of candidates and new hires. There used to be a full diversity and inclusion department that targeted professional organizations and built relationships in the community to improve the organization’s diversity. Hiring leaders in some cases find ways to not hire as many diversity hires which include women and people of color because the hiring leaders are measured on diversity interview slates only not hires. Race and gender are key to diversity and inclusion of thoughts and have proven to factually make a organization more successful. They want more skills for less compensation. The compensation is lower than most competitors and theres a lot of micromanaging. Additionally, there are a lot of clicks and family members that work for the company that makes the experience sometimes feel less favorable. The workloads are heavy everything is data driven and at times this isn’t good when certain measureables aren’t considered why someone may not meet certain standards. HR doesn’t manage leaders actions well. There are some great leaders and not so great leaders that have been there for years and will probably retire there. If you are applying for a role that requires licensing and you fail your exam you are given 30-45 days to find another role. Good luck finding another role during this time hiring leaders take forever to hire new hires including internal hires.

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    10. 3.0
      Former Employee, more than 3 years

      Good Training. If you want to make money go somewhere else.

      Sep 22, 2021 - Financial Advisor in Phoenix, AZ
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great sales training. I went through when they were still door knocking, I've heard they've moved on to call list that you have to purchase now, so there's a start. Lots of potential for compensation, but you're better off going to an RIA if you really want to make money.

      Cons

      It really is sort of a "right place, right time" when it comes to taking over an office and receiving assets. They have initiatives to help women and LGBTQ+ so if you're a guy, good luck with receiving assets from a retiring financial advisor. Mentorship was poor because everyone is focused on building their own practice. They also teach you nothing about investments from the Home Office, they tell you to use cookie-cutter portfolios and if you try to question them they tell you to focus on getting clients rather than learning.

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    Viewing 1 - 10 of 3,375 Reviews

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