Edward Jones Reviews in United States | Glassdoor

Edward Jones US Reviews

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63 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 134 reviews)

More Pros and Cons

  1. "Great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Analyst in Saint Louis, MO
    Former Employee - Investment Banking Analyst in Saint Louis, MO
    Recommends
    Approves of CEO

    Pros

    Great place to work. People are fantastic. Great work-life balance. If you want a satisfying career and you want to work with great people, this is the place for you.

    Cons

    Can't really think of a downside. I've been with Edward Jones for 4 years. It's a wonderful company and I am satisfied with my career.

    Advice to Management

    Consider revising the maternity leave policy. In Europe, they have a 1 year paid leave policy. Vacations should be longer as well.


  2. "Good starting platform"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Philadelphia, PA
    Current Employee - Financial Advisor in Philadelphia, PA
    Recommends
    Approves of CEO

    Pros

    Training is good; great place to start at and get your Series 7 license, etc. and get some good industry experience. You get to have your own office and make your own hours as long as you are making money. Other FAs are very supportive and genuinely try to help you out and make sure you do well.

    Cons

    Payout structure is low compared to the other major brokerages. Also the firm teaches you alot about selling, but not much about actual finance and investing principles. If you didnt learn about economics and finanical markets in college or are not very familiar with investments, then you are on your own to get "up to speed" and learn about the industry. Some advisors seem comfortable with not knowing squat about investing and just sell what EJ tells them to. If you are analytical and like being able to research investments, follow companies, options, etc, then this is not a place for you to be at, go be an analyst at a hedge fund or investment bank.

    Advice to Management

    Put a training program in place to make sure advisors know more about the finance industry and a broader range of investments. There needs to be more FAs out there who can actually "advise" instead of just sell.

  3. "Support the Investment Advisors in the field"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Development Leader in Lake Saint Louis, MO
    Former Employee - Development Leader in Lake Saint Louis, MO
    Approves of CEO

    Pros

    Stable employer. Good benefits. The ability to become a Limited Partner. Strong corporate culture.

    Cons

    Limited growth potential. Very few people make it out of the trenches to make higher incomes. The company tends to micro manage the rank and file employees. If you do not drink the cool aid you will not advance with the company.

    Advice to Management

    reevaluate your compensation package. You need to increase pay rates for the home office associates


  4. "Good Place, not for everyone!!!!"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Reading, PA
    Former Employee - Financial Advisor in Reading, PA
    Recommends
    Approves of CEO

    Pros

    Be your own boss
    Major Flexibility
    Great compensation after a few years
    Independence
    Great training
    Great Ethics
    Operate in independent workspace
    Really teaches a trainee how to help their clients fully

    Cons

    Terrible health benefits, if you are looking for this you will not find it here.
    Terrible salary compared to other financial advisors, especially wire house firms.
    Your mentor is usually a good distance away, mine was over 2 hours away.
    If you like to work in a team enviornment this is not the place for you.
    Overall it is a great company, but not the right fit for everyone.

    Advice to Management

    Management is very knowledgeable, however, your management is either in St. Louis or your mentor who can be anywhere. You will be the main manager and big boss.


  5. "Great place to start your career"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Product Specialty in Saint Louis, MO
    Current Employee - Product Specialty in Saint Louis, MO
    Recommends
    Approves of CEO

    Pros

    Friendly employees, great training, and decent benefits

    Cons

    Pay is well below average and hard to get decent pay increases because it is based on how long you have been at the company and the manager has to go by the scale.

    Advice to Management

    Pay your employees better and maybe you will end up keeping the motivated employees.


  6. "Great Training"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Atlanta, GA
    Current Employee - Financial Advisor in Atlanta, GA
    No opinion of CEO

    Pros

    Great training, own office, like own business

    Cons

    Door knocking which works, but gets you smaller investments, rollover 401k's

    Advice to Management

    None


  7. Helpful (2)

    "Good place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Service Specialist - Home Office in Tempe, AZ
    Current Employee - Service Specialist - Home Office in Tempe, AZ
    Approves of CEO

    Pros

    bankers hours are nice, nights, weekends and holidays off
    very good training
    limited partnership oppurtunities in the long term
    ethical firm

    Cons

    pay is not enough
    boring cubicle job is not very exciting
    you spend alot of time training others
    you must spend along time with the firm because it is hard to work your way up the ladder

    Advice to Management

    keep your employees more motivated and don't treat them like worker drones.
    Edward Jones is a great copmpany to be a financial advisor for, otherwise you will be overworked and underpaid

  8. "Great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Saint Louis, MO
    Current Employee - Anonymous Employee in Saint Louis, MO
    Recommends
    Approves of CEO

    Pros

    - Truly care for associates and clients
    - A balanced work/life approach
    - Lots of opportunity for leadership and development

    Cons

    - No major downsides except for as the firm grows larger decisions are slowed, culture is diluted and opportunities for senior management are diminished.

    Advice to Management

    - Stay focused on the firm's strengths, yet remain flexible and prepared to pursue opportunities e.g. LR markets, client/associate demographics, more assets per client, new revenue sources.


  9. "Lots of work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Oklahoma City, OK
    Current Employee - Anonymous Employee in Oklahoma City, OK
    No opinion of CEO

    Pros

    Good company benefits.
    Home office support

    Cons

    Start with no office
    cold calls
    door knocking

    Advice to Management

    Vets need to help out the new guys


  10. "The Balanced View"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Denver, CO
    Former Employee - Financial Advisor in Denver, CO
    Recommends
    Approves of CEO

    Pros

    Probably the best big firm in the brokerage business. It is very careful not to even offer very risky products to clients. This keeps everyone out of trouble - clients, the firm, and advisors. The willingness to offer guidance is outstanding - at many firms, advisors guard their knowedge carefully and jealously, so as to keep their advantage. At EDJ my experience was that there was an enormous amount of camaraderie and willingness to spend time coaching and mentoring younger advisors. The tools available to help clients are outstanding as well. Many firms allow only top producers to use things like the Morningstar X-Ray - EDJ makes this available to all advisors. Also, the customer contact database is far superior to other firms I have worked for.

    Cons

    The work of a financial advisor is tough at all firms. EDJ could do more to support young financial advisors in their careers to reduce the failure rate. Benefits for financial advisors are very costly after the subsidy period is over (2 years?). At the end of the day all financial advisors at EDJ and other firms are sales people - that is what is valued the most - their understanding of portfolio construction and financial planning is hit or miss depending on the individual skills of the advisors they hire. My experience is that the experience of the average advisor is a little thin. I would not want my parents to invest with an EDJ advisor unless they had "real" credentials - a CFP or bachelor's or masters in financial planning. Truth be told, this is rare, not just at EDJ, but across the industry.

    Advice to Management

    EDJ is a great company with so much going for it that sometimes it is difficult to recognize weaknesses. Perhaps because EDJ has such a committment to a buy and hold strategy it is very slow to recognize when a company is really a loser and tends to hang on to buy and hold opinions on stocks and bonds when those should really be sells. I think EDJ should work to strengthen its research capabilities so as to not be caught off guard by Chrysler or Lehman Bro's bonds or by Worldcom, Citi, Wachovia stock implosions.


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