Edward Jones Employee Reviews about "benefit"
63% would recommend to a friend
(654 total reviews)
72% approve of CEO
Found 654 of over 5K reviews
Updated Dec 6, 2023
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What people are saying about Edward Jones
a year ago
I’m thinking of leaving Edward Jones. So for I’ve spoken with LPL, Raymond James, and Ameriprise. I think that I might have a bit of Stockholm Syndrome after being here for well over a decade. For those former Jones folks who have bravely gone before me; How was your experience? How did the transition go? Do you miss Jones at all? How is life as an Indy vs Jones? Not unhappy here.. just bored, uninspired, and tired of the paternalistic HQ. Thanks for your help and insight.
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Top Review Highlights by Sentiment
Excerpts from user reviews, not authored by Glassdoor
- "Great training and a lot of nice financial advisors (FAs) who are interested in your success." (in 383 reviews)
- "There are alot of benefits for working with a private company and the culture is great." (in 259 reviews)
- "benefits were good and the pay made you forget about the lack in support they had until you needed it" (in 221 reviews)
- "Great people and great working with branches" (in 211 reviews)
- "Flexibility / Work life balance is great and you’re rewarded for the work you do." (in 146 reviews)
- "The pay is low but it is offset by the flexibility in schedule and internal support to do the job." (in 165 reviews)
- "Decreasing base salary and low commission structure" (in 83 reviews)
- "long hours in the beginning as you build your business and integrate into your business community." (in 67 reviews)
- "Maybe to get a little more feedback from local management." (in 41 reviews)
- "The lack of leadership and decision making causes an uncomfortable environment to function in on a daily basis." (in 32 reviews)
Ratings by Demographics
This rating reflects the overall rating of Edward Jones and is not affected by filters.
Reviews about "benefit"Return to all Reviews
- 1.0Dec 13, 2011Senior Branch Office AdministratorFormer EmployeeLake Oswego, OR
If you are lucky enough to work for a profitable and nice FA it can be a great experience as it was at the first office I was in. My FA was like my best friend, was very caring and great to work for. The time off and benefits that you begin with from day one are great compared to other companies. The hours and flexibility are good and allow for having a life outside of work and is a great position for mothers.
You are on your own in a branch with one Financial Advisor and if you don't get along guess what that's your problem according to Associate Relations in home office who pretend to be on your side so that you open up to them and then they turn it around on you and use your words against you. I was told to change my ways so I could cater to my Financial Advisor and if I was not willing to do things the way he wanted me to I could go find another branch. I was fired on the spot even though I have had an outstanding on every review, have gotten the highest ratings and maximum bonus amounts allowed and was offered Limited Partnership. I found out that even though I thought they valued me as an employee and saw me as an asset to the branch apparently anyone is expendable and they do not have your best interest at heart. The home office is based out of St. Louis and they did all of this over the phone without room for discussion. I felt like they were reading from a script and it was easier to fire me because it was done over the phone and there was no emotion involved. I was treated like a criminal even though what I had done was in the client's best interest and under the pressure of my Financial Advisor that I should be on the quest for perfection and I had missing information. My FA that I had been with for over a year did not even begin to try to help me and that hurt a lot. I feel very betrayed.6
- 3.0Feb 21, 2018BOA Branch Office AdministratorCurrent Employee, more than 1 yearBroomfield, CO
The flexibility is great, if the financial advisor allows for it. It's nice to be on my own schedule on days I really need it the most.
Not a lot of growth for the BOAs. Benefits are mediocre as Vacation days start at 10 and increase to 15 after 3 years of service.4
- 4.0Aug 13, 2023Senior Branch Office AdmnCurrent EmployeeBaton Rouge, LA
Very Flexible with the ability to grow depending on your FA Company has great benefits and wellness program
If you don't have an interest in the finical side of things there really isn't much growth.
- 1.0Aug 4, 2021Anonymous EmployeeCurrent Employee
benefits were good and the pay made you forget about the lack in support they had until you needed it
there was mistreatment, racism, lack of support, biased parties, and much much more throughout branches they had
- 2.0Dec 1, 2016Financial AdvisorCurrent Employee, more than 1 year
Edward Jones gives you the autonomy to "run your business" how you like, as long as you meet the bottom line. This means flexible hours, not having a boss hovering over your shoulder, etc... As an advisor, your earnings potential is unlimited, and can be very rewarding after sticking with the company for 5+ years. The sales training is excellent and they give you the tools you need to succeed. The people in your region genuinely want you to succeed,
Unless you have an extensive personal network of wealthy individuals, you will be knocking on doors to meet people in your area to drum up business. Unless you are an unbelievably good salesperson, you will likely struggle to get by and the job becomes extremely mentally tough and stressful. Also, unless you are given a book of business soon after starting (most aren't), you will need to build a book of business completely from scratch. For this reason, the success rate here is probably 20-30%, and that includes those lucky enough to inherit assets. Furthermore, the company does not offer a 401k match to financial advisors, instead offering partnership bonuses to those who reach profitability (typically 3-6 years in). The medical benefits are also expensive and inferior to those of many other large companies.13
- 3.0Apr 3, 2018Anonymous EmployeeFormer Employee, more than 3 years
The company is managed and runs surprisingly smooth for such a large firm. There is autonomy depending on your Financial Advisor (FA) A great opportunity to learn and saturate your mind with an enormous amount of educational tools . Establish a good working relationship with your FA and your team will benefit both financially and successfully within the company.
Your opportunities and enjoyment of the position is directly tied to your FA. THe company has guidelines and expectations, but each branch, basically has two employees the BOA and the FA. If you are a gregarious person and love being around different types of people all day, this IS NOT the position for you. You will have phone work and can talk to people, but personal interaction is not the usual. Also, if you get along with your FA you are a lot better off than if you do not. It is just the two of you all day, every day. The FA is also your supervisor, they administer your wage increase, approve you vacation and are ultimately in charge of your training. They are also your means to any increases or perks within the company.6
- 5.0Nov 15, 2023Financial AdvisorCurrent Employee, more than 5 yearsDallas, TX
Achievers have a high ceiling. You can really help people in a meaningful way and develop fantastic relationships. Culture is abnormal for a large firm in the industry - peers want you to succeed. Base salary and new asset bonus help you make money while you build up your business Most people are given clients now near the start of their career so you don’t have to start from scratch
There can be a lack of structure since you decide on your own work schedule. You have to put in 2-5 years of really pushing yourself to build up a client book There’s a lot to learn and you will have to lean on home office resources to find answers for clients constantly at the start Some days are a kick in the butt - clients don’t always follow advice or may fire you for reasons out of your control There can be a disconnect between home office and the advisors “in the field” - most home office employees are nice people but it’s two different worlds at times Compliance is strict - EJ is a privately owned company and they do not want trouble with regulators Benefits are expensive
- 4.0May 17, 2020Financial AdvisorCurrent Employee, more than 5 years
Edward Jones really cares about its employees and has a great family oriented culture. They provide excellent training and resources. They care about the client and have a business model that has stood the test of time, with almost 100 years in business. They have been in the Forbes top 100 places to work for 20 years straight, usually in the top 10. Their partnership structure allows employees to become owners and means there are no external shareholders to please. You get the benefits of being an entrepreneur and an employee at the same time.
The software system has a lot of pluses but it is also rather cumbersome to use. There is too much to remember and it can be overwhelming. If you don't like sales, this will be a tough job. You have to do a lot of getting out there and asking people for business and building relationships, so make sure you want to do that. At the beginning you will be working a lot of 6 day work weeks and evenings since you have to make yourself available to prospective clients and reach them when they are home. Eventually, I hear you get more work-life balance. You probably never get true work life separation though because you are always looking for clients by interacting with other people.1
- 4.0Feb 16, 2010Financial AdvisorCurrent EmployeeNashville, TN
Job is commission only, so the earning potential is there but its a tough environment right now. There are alot of benefits for working with a private company and the culture is great.
Tough goals after a year or two. With economy in slump it is hard to make enough sales to meet current goals.
- 4.0Jun 29, 2010Financial AdvisorCurrent EmployeeHouston, MS
No pressure to sale any Edward Jones products, they pay for your office and Branch Assistant and rent on your building as long as you run a profitable location
Benefits are not very good including health insurance and 401k match but is understandable considering you are basically self employed