Edward Jones Reviews | Glassdoor

Edward Jones Reviews

Updated September 18, 2018
2,156 reviews

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4.0
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Edward Jones Managing Partner Jim Weddle
Jim Weddle
1,336 Ratings

2,156 Employee Reviews

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Pros
  • "Flexibility in working hours allows work/life balance" (in 110 reviews)

  • "Great training to get you up and running" (in 141 reviews)

Cons
  • "75-85% of time spent door to door trying to generate prospective clients" (in 135 reviews)

  • "You will do excessive door knocking" (in 172 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (77)

    "I pinch myself"

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

    I have been working at Edward Jones full-time (More than 10 years)

    Pros

    The second best decision of my life was saying yes to the EDJ opportunity. I have put four kids through college and am well prepared for my retirement. I will celebrate my 20th anniversary soon and look forward to the next 10 years.

    Cons

    No one will do the work for you. You must turn strangers into clients. There is no better way than starting with a handshake.


  2. "Happy"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Edward Jones full-time

    Pros

    Very well structured program that allows 3 full, paid months to study for the 7 and 66.

    Cons

    None, very happy with the program thus far.

  3. "Awesome Opportunity"

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

    I have been working at Edward Jones full-time (More than 10 years)

    Pros

    Fortune 500 with Excellent reputation for putting clients best interest first. Loved by clients and employees. Great training and support. Chance to become a partner. Lots of flexibility to build/run my business as I wish.

    Cons

    Lots of hard work. Tough to get started on the front end, but so worth it!

    Advice to Management

    Make sure candidates understand this is a primarily a sales job. EJ Financial Advisors have to sell themselves and believe in their hearts that their clients are better off working with them.


  4. "Test the waters as an On-Call BOA to find a generous advisor - part 2"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Branch Office Administrator in Tampa, FL
    Current Employee - Senior Branch Office Administrator in Tampa, FL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Edward Jones full-time (More than 8 years)

    Pros

    Still great home office support. In addition, very affordable family heath insurance. Profit sharing. Partnership. Close relationships with clients and their immediate family.

    Cons

    Rule of 72 doesn't work for BOAs. With a maximum 3% annual pay increase you double your income every 24 years (not 36).

    Advice to Management

    Transition the Trimester Branch Bonus from the FA's subjective allowance for the branch administrator: eliminate matching, reduce branch profitability by paying BOAs not a competitive wage; but, the highest wages in the industry(so we don't have to rely on bonus to pay for OUR kid's college tuition and because we’re worth it), increase 401k matching to the highest threshold(so we too can retire one day), and grant us a new title if that helps justify why the longest serving administrators in the most profitable branches should earn over $100k per year. Or, 1/10 of what their FA “earns”. Our hope is in you Ms. Pennington.


  5. "Training Opportunities"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Edward Jones part-time

    Pros

    Good support for newbies, and a driven culture.

    Cons

    Unsteady Income, frustrating business, and unclear prospect


  6. "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Edward Jones full-time

    Pros

    -They pay for you to start a business where you control the hours, clientele, and ultimately your income based on your work ethic.

    Cons

    -Can be tough to generate new clients, but that is not specific to EJ. If it were easy then pay/ benefits would be capped.


  7. "Senior Branch Office Admistrator"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Branch Manager
    Current Employee - Senior Branch Manager
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Edward Jones full-time (More than 8 years)

    Pros

    Amazing Culture with in company the employees are more than that they are treated like family . Benefits are amazing and the training and onboarding process are such that you are set up to succeed. Lots of Upside potential to grow within the firm.

    Cons

    The cons are that I did not start with the company sooner !!

  8. "Amazing Company"

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

    I have been working at Edward Jones full-time (More than 10 years)

    Pros

    Great training to get you up and running. Flexibility of schedule. Dedicated and trained office partner to help serve your clients. Unlimited income potential. Amazing culture.

    Cons

    A lot of work upfront to be successful. Can feel like you're alone in your business.

    Advice to Management

    You're doing a great job in a constantly changing industry.


  9. "Edward Jones Financial Advisor Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Edward Jones full-time

    Pros

    Great experience working hands on under a financial advisor. Very indicative of what life as a financial advisor would be. Great, marketable experience

    Cons

    Program could be unorganized often. Not much clear communication between the home office in St. Louis and your branch.


  10. "Great Company for the Right Person"

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

    I worked at Edward Jones full-time (More than a year)

    Pros

    Training. Mentoring/Coaching. Flexibility. Minimum Salary.

    Cons

    Compensation hard to understand.
    75-85% of time spent door to door trying to generate prospective clients.
    Door to door could last 1 to 3 years.


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