Edward Jones Employee Reviews about "door to door"

Updated Jan 13, 2021

To filter reviews, or .

Found 169 of over 3K reviews

3.9
73%
Recommend to a Friend
91%
Approve of CEO
Edward Jones Managing Partner  Penny Pennington
Penny Pennington
535 Ratings
Pros
  • "Has sufficient support from the home office(in 176 reviews)

  • "Great Training for a new advisor(in 168 reviews)

  • Cons
  • "Old school mentality to prospecting (door knocking strongly encouraged)(in 221 reviews)

  • "The emphasis they place on door to door prospecting(in 170 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

    Ratings by Demographics

    This rating reflects the overall rating of Edward Jones and is not affected by filters.

    Want more demographic options?

    Reviews about "door to door"

    Return to all Reviews
    1. 5.0
      Current Employee

      Great Growth Environment

      Aug 19, 2020 - Financial Advisor in Rockford, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Lots of support and encouragement. Incredible Opportunity to build your own business with the whole firm behind you. Lots of Training Will take a lot of time to get going but great benefit down the road/ No need to buy in

      Cons

      Must find your own leads. Not guaranteed a book of business/ expect build from scratch May need to go door to door to start

      Continue reading
      2 people found this review helpful
    2. 4.0
      Former Employee, more than 1 year

      Incredible training

      Jan 13, 2021 - Financial Advisor in Indianapolis, IN
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Best training in the industry

      Cons

      Door to door is not fun

      Continue reading
      Be the first to find this review helpful
    3. 5.0
      Current Employee, more than 3 years

      Best place to work!

      Jul 19, 2020 - Financial Advisor 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - The training and time they put into helping new advisors succeed is second to none. - The help from veteran advisors and willingness from others in the region is incredibly helpful. - The pay is competitive. - Field Supervision and Home Office help more than you can describe here. - Private company versus public has huge benefits for the employees.

      Cons

      - The emphasis they place on door to door prospecting. - The amount of changes that occur and as often as they occur is hard to keep up with as a branch team which can affect the Advisor’s pay in certain situations.

      Continue reading
      3 people found this review helpful
    4. 2.0
      Former Employee, less than 1 year

      Understand what this is

      Aug 19, 2020 - Financial Advisor Trainee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Autonomy of your work Lots of upward potential Great networking opportunities

      Cons

      Churn and burn model; They know their attrition rate is terrible thats why they hired you and about 50 of your neighbors Bring a book of business or a plan because if something throws a wrench in the door to door model like a global pandemic; dont expect anyone to tell you how to succeed Legal jargon in the contract you sign from the beginning threatens to hold you responsible for a large loan for "training fees" if you complete all the required training.

      Continue reading
      7 people found this review helpful
    5. 3.0
      Current Employee, more than 5 years

      Fantastic pedigree and business opportunity; nepotism at the regional level ruins it.

      Apr 23, 2020 - Financial Advisor in Indianapolis, IN
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Unlimited compensation potential.For most people starting new (Level-New), the onboarding and training process is head and shoulders above what you'll see at other large firms. During the hiring process, you'll do a business plan; a 'virtual day in the life' assessment, and at least three phone/in-person interviews. Edward Jones will then extend an offer. Day one, while studying to take the Series 7 and 66 exams, you'll be paid an hourly wage. 40 hours is recommended for study time, but you can do extra hours and get paid time and one half for additional work you put in (wink-wink). Once you pass the exams, you'll go to either St Louis, MO or Tempe, AZ for your "Know your Customer" training. Following this training, you'll be expected to hit the streets, making 25 contacts per day. At this point, you'll be on salary, but ineligible to earn commissions until you complete a requisite number of contacts over a 5-6 week period. You'll be told that you can make these contacts any way you deem necessary, but the only true way you'll get 25 quality contacts per day is by going door-to-door. In order for a contact to be considered "quality", you must have a name, a phone number, and permission to contact them. This last part is very important because these are the people you'll be calling on when you go back for "Launch your Practice" which is essentially a glorified graduation where you can officially call yourself a Financial Advisor. After evaluation-graduation. you still won't know a whole lot about being a financial advisor, though you will have mastered making contacts, handling objections, and setting appointments. Then, over the next 17 weeks, you'll work under the mentorship of an experienced Financial Advisor. You'll have a home-office coach, a field trainer, a level-leader, and anyone else you decide to take advice from. This firm is really well known for its helping culture. Just about any other FA will help you...but you have to ask.

      Cons

      Lead generation is cold-calling; primarily door-to-door. The decision on how you will start will be delegated to the leadership in the region you join. Here are a few examples: A. You start new. Nobody shares anything. You create your book of business. You keep what you kill and watch others joining the firm after you pass you in earnings. This is what we call New-New and it is very difficult to start this way, though the home office swears that many successful advisors build their business this way. B. Somebody quits because they've started as type "A", and you take over that book. You'll spend a great deal of time convincing clients that you aren't a quitter, but you'll be held to a higher production standard since you received these assets. Might as well be A. C. If you are lucky, perhaps you've demonstrated your determination during the 17 weeks and another FA (or several FAs) pool some assets and clients to get you started. By the way, these won't be people they enjoy working with; however, you may have better chemistry with the clients. That doesn't mean you've made it though. You'll need to continue door-knocking and asking for referrals until your business is profitable and sustainable for you. Keep in mind that your salary will drop off at year 5 and your highest ever commission will be 40% of revenue. There is a suggestion that you should have gathered $26 Million in assets by year 5 to be successful. Here's some math on that: 1. $26 Million (assume that half is in Guided Solutions) 2. $13 Million X 1.35% = $175,500 x 40% = $70,200 to you 3. There may also be residuals from the other half of your book, but keep in mind that stocks, bonds, CDs, and other investments only pay once. So, once you sell a $1M in 30-year municipal bonds, you're never getting paid on that asset again. D. You are the chosen one. EDJ recruited you from another firm where you might be able to bring assets over. (By the way, Edward Jones will sue you if you leave and try to take clients, but they'll darn sure poach from other firms.) You'll never knock on a single door. FAs in category C will resent you a bit, but those in A or B will hate your guts. E. You are the family member of a retiring FA, or you come from a line of Edward Jones royalty. Don't worry, you'll never knock on a door, you'll advance profitability levels very quickly as you are handed tens of millions of $ in assets to work with. You'll quickly surpass people in categories A, B, and C, even though you joined the firm three years after they did. You'll be lauded for the business you've built and encouraged to mentor those beneath your level of production. You'll make over $200K per year to start and those poor schleps who were 'successful' at building a business will be happy with their $70K at year 5.

      Continue reading
      43 people found this review helpful
    6. 2.0
      Former Employee

      Antiquated marketing

      Jan 12, 2021 - Financial Advisor 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Strong brand strong brand strong brand

      Cons

      Door to door prospecting is antiquated

      Be the first to find this review helpful
    7. 4.0
      Former Employee, more than 1 year

      Good place to end up, bad place to start

      Jun 8, 2020 - Financial Advisor in New Brunswick, NJ
      Recommend
      CEO Approval
      Business Outlook

      Pros

      A lot of freedom...you are not set to a traditional schedule but you are putting in far more than 40 hours a week Guidance and support are easily available from peers and home office employees Salaried worker for the first four years to help you get by while building your book. Great bonuses and trips

      Cons

      Sales generation is based off door to door if you do not already have existing clients to bring in The culture isn't for everyone, but for those who buy in it can be a great place for them to work

      3 people found this review helpful
    8. 2.0
      Former Employee, less than 1 year

      Be Prepared for Door-to-Door Sales

      Nov 26, 2019 - Financial Advisor Trainee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Training was top notch. The firm pays you while you are studying for licensing exams. Some folks in the region seem to genuinely care about one another.

      Cons

      You must be excited about going door-to-door in residential neighborhoods trying to "sell" your services and the firm's services. If you are not passionate about this process, you will struggle. Be prepared for long days with the hope of getting a handful of phone numbers each day (if you're good and lucky enough to catch folks home). Hopefully, of the phone numbers you get, some will answer when you call. Of those that answer, hopefully a few will agree to meet with you. Of those that meet with you, hopefully a few will open accounts and move assets. Then you continue this process for 3-5 years until your book of business is built. Other FAs will tell you that they built their business without door-knocking. It rare, especially at the beginning.

      Continue reading
      12 people found this review helpful
    9. 2.0
      Former Employee

      Tough for young advisors

      Dec 1, 2020 - Financial Advisor in Elgin, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Potential to build your own business

      Cons

      Going door to door to try and gain clients

      2 people found this review helpful
    10. 4.0
      Current Employee, more than 1 year

      Fantastic technological and people support.

      Aug 27, 2020 - Financial Advisor 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Extremely supportive in helping each and every advisor grow their business

      Cons

      Expect to do a lot of door to door relationship building during first couple years

      Continue reading
      Be the first to find this review helpful
    Viewing 1 - 10 of 169 Reviews

    Popular Careers with Edward Jones Job Seekers

    JobsSalariesInterviews

    Work at Edward Jones? Share Your Experiences

    or