Edward Jones Reviews | Glassdoor

Edward Jones Reviews

79 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. Helpful (1)

    "It's not for everyone!"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Cary, NC
    Former Employee - Financial Advisor in Cary, NC
    Doesn't Recommend
    Approves of CEO

    Pros

    Full Autonomy, it's your business, it's all up to you to make it or throw in the towel. Great home office support, good training.

    Cons

    Door to door prospecting, door to door prospecting, and door to door prospecting,

    Advice to Management

    I like the company and I like their mission statement, I'm just not cut out to do door to door prospecting.


  2. "A great employer, but some minor downsides..."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - BOA Branch Office Administrator in Cleveland, OH
    Current Employee - BOA Branch Office Administrator in Cleveland, OH
    Recommends
    Approves of CEO

    Pros

    -Great benefits, flexible schedule, good compensation. They provide you with all the training you need to get started. If you get along with your advisor, life will be just fine. They have profit sharing and 401k matching.

    Cons

    The health benefits are not the best. If you work in an office where you hate your advisor (boss), life could be miserable.

    Advice to Management

    Allow BOA's to get licensed without having the branch being profitable. Work on getting better health benefits that don't cost so much for a family.


  3. "Great place to work"

    Star Star Star Star Star
    • 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.


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  5. "Good starting platform"

    Star Star Star Star Star
    • 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.


  6. "I'll never know..."

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

    Pros

    you get paid during your study time while preparing to take the series 7 exam- which is not a bad way to go

    Cons

    was let go just before i was to sit and take the exam- my scores were just a bit below expectations..

    Advice to Management

    look at the whole picture when evaluating your employees- allow a bit more flexibility in job related performance reviews to allow a bit more flexibility


  7. "door knocking tough in a world of con artists"

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

    Pros

    this company knows what it wants and is willing to help you along--everybody knows what your going through trying to build clients in the beginning because they had to do it as well.

    Cons

    they claim that they don't recruit people from the financial industry with current clients and want hard workers who are follow their formula instead, but it seems the only people who have come to edward jones with a clients already in tow are the only one's with any type of security in the beginning years.

    Advice to Management

    they should spend more time and money on other forms of marketing and advertising than door knocking


  8. "Support the Investment Advisors in the field"

    Star Star Star Star Star
    • 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


  9. "Good place to learn"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Intern
    Current Employee - Intern
    Recommends
    Approves of CEO

    Pros

    This was a good experience, overall nice people with a general knowledge of the financial services industry, best experiences gained in client relations

    Cons

    Very little financial knowledge necessary, work mainly based on generating clients to gain assets under management, small branch offices, too many branches

    Advice to Management

    To cut down the walls between boas and fas, consider making some offices such as regional leaders larger, with multiple fas and boas


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

    Star Star Star Star Star
    • 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.


  11. "Great place to start your career"

    Star Star Star Star Star
    • 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.