Edward Jones Employee Reviews about "door to door"

Pros

Growth potential with the right connections

Cons

You need to know someone that is currently an advisor to get assets or you will have to door knock to get clients. I don’t know of any people who wants to invest with a door to door vacuum salesman/woman

Pros

Set your own hours and unlimited potential gains.

Cons

Unless you are a real shark and are trying to get people to buy something, no matter the cost, then you will not fit in. The training program makes you go door to door trying to sell investments to strangers. Just ask yourself one question, 'If someone came to your door and tried to tell you to give them your life savings and invest it with them,' you would say hell no. Welcome to the outdated business model of Edward Jones.

Pros

The dinners they send you to in the begining are top notch.

Cons

My training lasted for six months and included cold calling and walking door to door. Needless to say today's world doesn't work well with people knocking on thier door unexpected. In one instance the cops were called and I was swarmed by police because they thought I was scouting out the area even though I was in a suit and tie. Three months after getting my license I was terminated because I didn't hit my numbers even though I was meeting everyone I could, making phones calls and doing everything they asked including working 12 hour days including weekends.

Pros

1. Good firm - trainer had a CFP. He was very willing to help. 2. Regional leaders seemed very interested in helping me. 3. Series 7 and 66 training are very good. You will be well prepared to take the exam.

Cons

Understand that at the end of the day, this is a sales job more than anything eles. If you want to succeed, you really need to have some knowledge in economics or finance and you need to be good sales person. EJ will not train you in the area of financial products. Your training will be almost exclusively on selling. Be prepared to knock on as many doors as humanly possible and work some very long hours.

Pros

Great training from the Firm level "Know Your Customer" and to get your securities licenses. Awesome customer support from the home office.

Cons

Some of the local trainers are just assigned positions to move up in company. Spent almost a year working out of a field trainers office. I never had the opportunity to sit in on an appointment and she never went with me once to go door knocking. That's because she never went door knocking the entire time I was in her office. (She got a good knight). How are you suppose to be my trainer when you don't even do the essential task that EJ requires ALL new FAs to do on a daily basis. She was also a Forces Field trainer, which is for military veterans to help them in the program. (Which she never served). The only reason I think she was assigned to me was for the financial break she got off her P & L (profit and lose around $600).

Pros

They have good sales training and will make you efficient on your calls and your door to door sales.

Cons

The pay is below average and they try to keep you hooked by giving you the success stories of the top 1% of the firm who make ridiculous amounts of money. They over saturate areas with many offices in my region we have 11 offices for a 10 mile radius. They also constantly tease you by hinting that you will have your own office and take over a book if you just keep at it but that time rarely comes. All in all it is a basic door to door sales job and 90$ of the job is bringing in new assets and not actually "advising" clients. Also their sales method is ancient and only has a chance of working in small towns. In a metropolitan area they will lose to the cheaper more efficient competition time and time again.

Pros

Autonomy and training. Unlimited income.

Cons

Very labor intensive client acquisition process. The door knocking process can lead to you doing marketing for existing branches in the area you prospect. Commission based sales are a very heavy part of your sales targets which can lead to making sales to hit a commission target not because it was the right investment. Suitable yes, right for person, no.

Pros

decent training program to get you licensed to sell investment products.

Cons

Beyond the training program that gets you through the test the rest of the program is horrid. They teach you to go knock on doors and offer ever single person you meet Tax Free Muni Bonds. It might have worked 20 years ago but times have changed! There selling methods are old and outdated and there support for new FA's is weak at best.

Pros

Compensation potential good, great company benefits and perks. Other colleagues very encouraging and helpful with process.

Cons

The prospecting process of walking door to door in a big city doesn't apply well.

Pros

Great training program. They provide you with all the essential materials to pass the 7 and 66 exams. Nothing to worry about regarding those if you study enough.

Cons

Poor benefits package. Have to work long hours first few years and basically have to door knock until you find someone to trust you with their money. If you can't find them, your fired.