Edward Jones Reviews | Glassdoor

Edward Jones Reviews

Updated August 17, 2017
505 reviews

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4.0
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Edward Jones Managing Partner Jim Weddle
Jim Weddle
323 Ratings

505 Employee Reviews

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Pros
  • Work-life balance is a top priority (in 93 reviews)

  • Great culture, great training, good camaraderie (in 127 reviews)

Cons
  • Door-to-door residential prospecting is a core sourcing strategy (in 120 reviews)

  • Door knocking sucks most of the time (in 125 reviews)

More Pros and Cons

  1. "Advisor"

    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

    The training is the best in the industry

    Cons

    Their selling door to door concept might be outdated


  2. "BOA"

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

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

    Pros

    Your FA will have your back. Phenomenal company to work for. Great pay.

    Cons

    Upper level compliance will have closed investigations and do whatever is needed to remove you from company. In my case, hours.

  3. "Door To Door Was Not For Me"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor Trainee in Minneapolis, MN
    Former Employee - Financial Advisor Trainee in Minneapolis, MN
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Great salary, benefits, incentives, and training. The people were encouraging and supportive.

    Cons

    Their business model during Field Foundations of going door to door to meet people and get contacts, was not for me.

    Advice to Management

    New advisors going into the field should have a seasoned FA accompany them every day for the first week or two.


  4. "Great company, great opportunity... For the right person"

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

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

    Pros

    Autonomy, Resources, Unlimited Income Potential, Ownership, Travel Reward Program

    Cons

    Technology, Support, 401(k), Prospecting


  5. Helpful (3)

    "It was pleasant with the usual ups and downs that careers tend to experience."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor Trainee in Detroit, MI
    Former Employee - Financial Advisor Trainee in Detroit, MI
    Recommends
    Negative Outlook
    No opinion of CEO

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

    Pros

    - Nice work/life balance
    - Plenty of helpful resources whether it's other advisors or HQ
    - Excellent training resources and a team that is always willing to assist you.

    Cons

    - Door-to-Door sales technique isn't terrible but when it is required with a minimum amount of prospects to be acquired it is too time consuming when I could be focusing my efforts elsewhere.

    - Company wide changes as a result of 2016 DOL ruling has caused a lot of turnover and advisors to grow increasingly frustrated.

    - Better payouts and salary at other firms.

    Advice to Management

    There should be a week or a month where all corporate staff members are required to work out of an FA's office to see that the corporate changes aren't always the most beneficial to your advisors or BOA's. Consider all recommendations instead of throwing them to the side.


  6. "Great opportunity to own your own business, while still having the support staff of a large company."

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

    I have been working at Edward Jones full-time (Less than a year)

    Pros

    Salary is great, even when first starting out. The training program is comprehensive, and prepares those new to the field for the basics of the financial industry. It is very rewarding to help others with often complicated financing issues.

    Cons

    Building a client base is a very long process. Can be very lonely at times; you are often working alone, or only with your office administrator, in between appointments with clients.


  7. "Good work life balance"

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

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

    Pros

    Flexible
    Great benefits
    Great company culture
    Training program
    Fantastic home office support
    Bonuses
    Corporate management communicates well with branches through regional leaders, daily emails, conference calls and online videos.

    Cons

    Pay does not keep up with cost of living
    Work alone a lot
    No opportunity for growth/advancement from BOA position
    Little behind on technology

  8. Helpful (1)

    "Training and support is outstanding."

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

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

    Pros

    The training program is the best I've ever experienced from any of the companies I've worked for. They support you from the beginning and give you all the resources you need to get though the different stages in your career from studying for your licenses to building your business.

    Cons

    A lot of the training once you're in the field is based on trial and error. If you can find a good network of veteran advisors in your area to mentor you through the beginning you're in good shape but if you don't have the support from other advisors, you're going to struggle to figure it all out on your own. Although the training is great, there are a lot of areas that aren't included that you have piece together on your own. The initial pay is in line with other firms but you have to be able to live very modestly the first few years because depending on what you were earning before you joined the firm, you'll be earning half or even less of what you had before. Huge piece of advise is to have a substantial amount of savings to help you get through the first couple of years, specially if you have a family and mortgage to pay.

    Advice to Management

    Make training more comprehensive to what advisors actually face in the field. A hands on shadowing program that allows new advisors to work along side a veteran advisor is needed. What's being done now doesn't do enough to allow advisors to get a more in depth understanding of what is to be expected and what they need to know to be more efficient and successful.


  9. "Branch Office Administrator"

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

    I worked at Edward Jones full-time

    Pros

    Family focused, stable job, customer centered

    Cons

    Technology deficient, no room for advancing


  10. "On-Call Branch Office Administrator"

    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 part-time

    Pros

    --> Possible fast-track to becoming a financial advisor
    --> Supportive financial advisor and home office

    Cons

    --> Many areas have an overabundance of On-Call administrators, getting hours can be difficul


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