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Edward Jones Reviews

Updated January 7, 2018
242 reviews

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2.0
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Edward Jones Managing Partner Jim Weddle
Jim Weddle
120 Ratings

242 Employee Reviews

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Pros
  • Work-life balance is a top priority (in 98 reviews)

  • Great training program for new advisor (in 136 reviews)

Cons
  • If you would want to be a Financial Advisor you would need to do a lot of door to door cold calls (in 127 reviews)

  • Door knocking sucks most of the time (in 138 reviews)

More Pros and Cons

  1. "Pretty Good Company with Quite a Few Problems"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I have been working at Edward Jones full-time

    Pros

    National Presence with a local, small business feel.

    Cons

    As much as the execs want you to think it, you are not in charge. It is NOT your own business and contrary to what their kool aid tells you, the bottom line is the most important.

    Advice to Management

    Quit trying to manipulate your employees.


  2. "Don't Accept Without A Deal"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Edward Jones full-time

    Pros

    You are very much in charge of your own time and business.

    Cons

    You are very much in charge of your own time and business. Unless you are brought in by a friend or family member and given assets when you hire on, you are fighting an uphill battle. The same goes for help and support. Of course this may be different in other regions.

    Advice to Management

    Times and regulations have changed. What you did to be successful no longer works and/or is no longer allowed. You aren't helping new FAs by telling them to do what worked for you.

  3. "Hated their corporate philosophy"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Order Services in Tempe, AZ
    Current Employee - Order Services in Tempe, AZ
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Job could be done in my sleep. Super easy and generally flexible work hours.

    Cons

    The commissions they chargedare horrendous. I hated charging people hundreds or thousands of dollars when they could do the same trade at Fidelity, Schwab, Ameritrade etc for less than $8

    Advice to Management

    Put the clients first, not the broker.


  4. Helpful (6)

    "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Dallas, TX
    Current Employee - Financial Advisor in Dallas, TX
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Edward Jones full-time (More than 3 years)

    Pros

    Great Training for Licensing
    Home office culture is great
    "Semi" Autonomous

    Cons

    I truly believe EJ is a great place to work, as long as you pick the right region. Unfortunately, you won't figure that out until later. Door Knocking is the answer to every problem, however they know it doesn't work well in bigger cities (home office has stated this to me directly) and they don't help coach on alternate methods. I didn't come into this expecting any assets to be given to me, however when you see assets being given out more based on popularity rather than effort or experience it can be demoralizing. It's not a level playing field. When things are going well, no one acknowledges it, however if you are having a bad month you are talked down to and belittled. Training within the region is poor. Other FAs "volunteer" to train you (it helps them get points for partnership in the future) but most have no real desire to do it. They have no formal training on how to train others and most, definitely should not be training others.
    The only true way to succeed is to be given assets or to have an affluent personal network of friends and family that will bring their money to you. Benefits aren't very good. Medical is VERY expensive for a mediocre plan. Employees should have free accounts. We are charged annual fees for our own IRAs where other firms waive fees for employee relationships.

    Advice to Management

    More training to Regional Leadership on providing balanced coaching.
    Create a more level playing field. I should not be held to the same standard as someone who's dad is a level 10 FA and feeding him referrals of new clients.


  5. "Edward Jones job"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Saint Louis, MO
    Former Employee - Anonymous Employee in Saint Louis, MO

    I worked at Edward Jones full-time (More than 5 years)

    Pros

    Good people to work with

    Cons

    They move team leaders around too often. They don't get enough experience in their jobs and tend to be more bosses than leaders.


  6. Helpful (1)

    "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Neutral Outlook

    I worked at Edward Jones full-time

    Pros

    Competitive pay, nice people to work with.

    Cons

    Leadership could be better, training is not great.

    Advice to Management

    Pay more, train more, make the program longer.


  7. "Sr. BOA"

    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 (More than 10 years)

    Pros

    They do what is right for the client.

    Cons

    They under pay Admin. Staff

  8. "Branch manager not an owner"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Edward Jones full-time

    Pros

    Great work associates in my region.

    Cons

    Operations very outdated leaving tons of cash on the table and disservice.


  9. Helpful (1)

    "BOA"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - BOA Branch Office Administrator in Old Burleson, AL
    Former Employee - BOA Branch Office Administrator in Old Burleson, AL
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    The benefits were good and they had awesome training modules. When working with great FA it can be enjoyable too.

    Cons

    Corporate communications with BOA was very lacking and a two person office can be great or troubling, depending on who the financial advisor is.

    Advice to Management

    If issues show up between FA and BOA take the time to listen to both sides and try to fix the issues, especially when there has been no problems before with BOA working with FA's.


  10. Helpful (1)

    "Know the details of what you are undertaking."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at Edward Jones full-time

    Pros

    Great opportunity for those under 40. Great for those that thrive on variable compensation. Culture is clearly focused on serving the needs of the client. Numerous opportunities involving variable compensation.

    Cons

    Health care benefits are EXTREMELY expensive, compensation progression is highly variable depending on your specific situation. After clients are served the partners are next in line for consideration. FA is the last to be considered in any matters. Make sure you understand the details of your compensation structure before you make the jump. Works well if your spouse has health care.


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