Edward Jones Reviews | Glassdoor

Edward Jones Reviews

Updated October 10, 2017
478 reviews

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3.0
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Edward Jones Managing Partner Jim Weddle
Jim Weddle
234 Ratings

478 Employee Reviews

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Pros
  • Work-life balance is a top priority (in 96 reviews)

  • Great training program for new advisor (in 132 reviews)

Cons
  • Door-to-door residential prospecting is a core sourcing strategy (in 124 reviews)

  • Door knocking sucks most of the time (in 133 reviews)

More Pros and Cons

  1. Helpful (3)

    "Door knocking can be a tough gig"

    StarStarStarStarStar
    Former Employee - Financial Advisor Trainee in Chicago, IL
    Former Employee - Financial Advisor Trainee in Chicago, IL
    No opinion of CEO

    I worked at Edward Jones full-time

    Pros

    Great training helping to pass the Series 7 and 66. Trainers are very organized and accessible. Also, most everyone in the company wants to see you succeed.

    Cons

    Door knocking to start your book of business is very challenging, especially if you are new to the industry.

    Advice to Management

    I would have liked to have been more knowledgeable on what I was selling before door knocking. Most of the training the week prior to door knocking focuses on selling techniques, and not the actual product. Giving us more training on products and services can be a huge boost to confidence.


  2. Helpful (1)

    "Flex Associate"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Great first job straight out of college

    Cons

    Not much room to grow

  3. Helpful (3)

    "Financial advisor"

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

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

    Pros

    Can get licensed quickly, ability to build a book of business, reasonable commissions

    Cons

    Impossible to build a book without brining in prospects worth 20M+ , nepotism is high, door knocking in a big city is unrealistic, unless given an office or assets from the get-go don't waste time beyond licensing.

    Advice to Management

    Find a better way to grow, this "feeding the machine approach" will only drive clients and advisors away, kyc speech of "99.5% failure" is a real eye opener....listen to it yourselves


  4. Helpful (1)

    "Financial Advisor - Join with Eyes Wide Open"

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

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

    Pros

    -Cost of training for securities licensing and life insurance is paid while paying you a reasonable temporary salary.
    -Most other FAs will teach you good sales tips and techniques if you ask them.
    -Lots of autonomy if you are meeting or exceeding performance standards.
    -Excellent service and support from departments at headquarters.
    -Unlimited earnings potential.
    -Opportunities to earn bonuses throughout your career.

    Cons

    -Don't buy the addage that you can "run your own business." You can't because there are lots of corporate rules to follow, your performance will be closely watched, and the investment selection is limited.
    -The CEO has said, "Assets attract assets" but unless you inherit an existing branch or are gifted significant assets from a senior advisor within the first year there is a 90% chance you will fail. Improvements have been made in offering a temporary starting salary but it's near impossible to make a living building a branch in a fiduciary world, from scratch, when you have little experience and people have little reason to trust you with their savings.
    -Financial planning training and asset allocation tools are weak. Foremost, this is a sales job, not a place to give sophisticated, comprehensive advice with well-balanced portfolios. A certification (CFP, CRPC, etc) will set you heads above most other EJ FAs in the eyes of your community.
    -There are many out of pocket expenses including all mailing and postage, office and bathroom supplies, local advertising, long distance phone calls, cell phone and daily mileage.
    -Door knocking is still the most emphasized way of building a business but this just doesn't work well anymore where people are suspicious of you dropping by their home and studies show millenials (who will be the largest part of the workforce soon) hate answering the door.

    Advice to Management

    Most of management started as FAs many years ago but have left for lucrative positions at HQ and seem to have lost touch with the challenges the local FA and BOA face daily such as EJ's red tape approach to DOL, residents' growing suspicion of door-knocking, and ever-changing compensation and performance measures. Get back to the branches and quit handing out partnerships to everyone with a pulse at HQ.


  5. "Not a bad place"

    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
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Family friendly, decent benefits, very secure work environment and GREAT firm for investing. I also really appreciated the values-focused culture.

    Cons

    Edward Jones assumes being voted a "Best Place to Work" has value and it's reflected in their pay. It's very hard to advance outside of the field organization.


  6. "Sales Early on"

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

    I worked at Edward Jones full-time

    Pros

    Good Culture
    Honest Products
    Tons of potential

    Cons

    Client Acquisition
    No work/life balance


  7. "Wealth Strategist"

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

    I worked at Edward Jones full-time

    Pros

    Work with very friendly folks.

    Cons

    Horrible insurance and benefits. Management expects everything I be found out through gossip alone.

  8. "nick"

    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

    Independence unlimited income potential and great training.

    Cons

    Was mostly commission based and lots of competition.


  9. "Financial Advisor"

    StarStarStarStarStar
    • 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 ability to be your own boss and manage your time

    Cons

    Knocking on doors, limited supervision help

    Advice to Management

    Find a better way for new advisors to gain clients other than door to door knocking.


  10. Helpful (1)

    "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Financial Advisor in Seattle, WA
    Former Employee - Financial Advisor in Seattle, WA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great start for licensing and training.

    Cons

    Commission based sales with unspoken pressure to push a product.

    Advice to Management

    Scratch start is unreasonable these days. Get up to date in your sales tactics for the long term.


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