Edward Jones Reviews | Glassdoor

Edward Jones Reviews

Updated March 23, 2017
427 reviews

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3.0
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Edward Jones Managing Partner Jim Weddle
Jim Weddle
209 Ratings

427 Employee Reviews

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Pros
  • Work-life balance is a top priority (in 84 reviews)

  • Great training and support from other advisers (even when they have no obligation to support you) (in 124 reviews)

Cons
  • Door-to-door residential prospecting is a core sourcing strategy (in 115 reviews)

  • Door knocking sucks most of the time (in 118 reviews)

More Pros and Cons

  1. "FACD"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Edward Jones full-time

    Pros

    Work from home, Interesting content

    Cons

    None that I can think of


  2. "Company vs Operations"

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

    I worked at Edward Jones full-time

    Pros

    The firm is inclusive and as a whole cares for the individual investor.

    Cons

    Once in the Operations division, it is extremely difficult (if not near impossible) to move on to other divisions/areas of the firm.

    Advice to Management

    The firm says it fully supports the professional growth of its associates however management, of individual departments, don't provide guidance and/or assistance in this matter. Nor do they care to learn about other areas of the firm except their own (unless it has a direct impact on their own department).


  3. Helpful (3)

    "Financial Advisor opportunity is a tough road"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Financial Advisor
    Former Employee - Financial Advisor

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

    Pros

    No expense spared in training. Conservative nature is good for clients.

    Cons

    Very, very difficult to earn a decent salary as FA unless you receive an office with assets or are given a portion of someone else's book.

    Advice to Management

    Level the playing field on the amount of assets each advisor has to start with.


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  5. "Good benefits. Would be better if base pay was fair"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - BOA Branch Office Administrator in Albany, NY
    Current Employee - BOA Branch Office Administrator in Albany, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Benefits. Depends on FA's level and personality. The higher the level the higher the bonus. If level 1 to 5 it is not sustainable.

    Cons

    Salary for the responsibility and amount of work is unethical. Cannot advance because of my age. I was told EJ would not pay for exams to advance.

    Advice to Management

    Remember. You would not be where you are today without your BOA. Bonuses for 75% of us are so low, many have to work a second job.


  6. Helpful (1)

    "Many opportunities and solid benefits...but...questionable work/life balance and leadership"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Manager
    Former Employee - Project Manager
    No opinion of CEO

    I worked at Edward Jones (More than a year)

    Pros

    Many learning/training opportunities, solid benefits/compensation packages, and talented coworkers.

    Cons

    Very long hours. Too many levels of management with little leadership. Vulture is very hesitant to embrace "outside" ideas or solutions. Lack of communication between business divisions. Competitive environment, not collaborative.


  7. "Senior Branch Office Administrator"

    Star Star Star Star Star
    • 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 (More than 10 years)

    Pros

    Good training program to help you acclimate to and learn the proprietary software.

    Good support available through the corporate headquarters.

    Cons

    Poor Pay...Hourly pay doesn't accurately reflect expectations and demands. (And I'm taking in to consideration the fringe and potential for trimester bonuses.)

    No forward advancement available for the role.

    Promotion to Senior role (and slight accompanying raise) is not largely dependent on your work but on the production of your Financial Advisor. This results in unfair pay for the Branch Office Administrator.


  8. Helpful (3)

    "Financial Advisor"

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

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

    Pros

    I believe Edward Jones is a great place to start a financial advising career. They did not have restrictions on the size of client accounts or penalties in pay for working with smaller ones. They have a model and process that has worked for many people. Also, the ability to work in your own office is nice.

    Cons

    Pressure to produce is extremely high, it is a high-pressure sales environment. During my time at the company, there was a significant amount of turnover in branches. This often left many advisors unhappy and clients too. Also, Edward Jones is the 4th largest US brokerage, there was always a sense "big brother is watching." I believe the company does what is right for the clients, but sometimes at the expense of the employees.

    Advice to Management

    In my belief, management decisions were made without the understanding of the ground employees perspective. They are and have forgotten who is making the money for the company. Colleagues and I agree the only way to make it was by inheriting an office, and who got it and who didn't was very odd.


  9. Helpful (1)

    "Financial Advisor"

    Star Star Star Star Star
    • 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 training. Great people

    Cons

    New accounts and new asser Expectations very high and unreasonable

    Advice to Management

    Make it clear for high expectations


  10. Helpful (3)

    "Financial Advisor Training"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    No opinion of CEO

    Pros

    Independent structure with great corporate support. Excellent study program to test for Series exams.

    Cons

    Antiquated ideas. They still train based on farming communities.

    Advice to Management

    Stop the door-to-door training. It's obsolete and dangerous.


  11. Helpful (2)

    "Fair treatment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Edward Jones full-time

    Pros

    Good environment and ability to do what is necessary and needed. Support is good. Well thought of.

    Cons

    A lot of long hours and time spent on projects that sometimes are not related to the job.

    Advice to Management

    Stay the course and make sure you do the best possible for employees and clients alike. That makes for good experiences by all.



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