Edward Jones - No Freredom | Glassdoor
There are newer employer reviews for Edward Jones
There are newer employer reviews for Edward Jones

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"No Freredom"

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

Pros

Training was fine. Advisors were nice.

Cons

Lack of freedom to run your business.

Advice to Management

Not one size fits all

Other Employee Reviews for Edward Jones

  1. Helpful (4)

    "Great Firm/Poor Leadership and direction"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Houston, TX
    Current Employee - Financial Advisor in Houston, TX

    Pros

    Safe, conservative firm that sticks to the basics with regard to investing. Stocks, bonds, mutual funds, etc... We don’t get caught up in the hot new investment fads that seem to surface every 4-7 years and then blow up.

    Excellent reputation for service and honesty. No problem attracting clients who are just starting to invest up to the $2 million dollar client.

    Great Employee benefits: Diversification Trips, profit sharing, limited partnership.

    Cons

    Safe, conservative firm that sticks to the basics with regard to investing. We offer the same products and services to someone in any town, USA (small town America), that we would to someone in New York City (we have no offices there). It’s plain and simple that people in major cities are more sophisticated investors than small town investors. So they want options, alternative investments, and better research and stock opinions.

    Middle Market vs. High Net Worth: It’s very hard to attract sophisticated clients who have $ 2 million plus. If they want all mutual funds or stocks fine. But when they start to want a full slate of offerings it’s hard to get them to bring all of their assets to Edward Jones. High net worth clients go to the Merrill, UBS, Morgan Stanley, etc... We get the $200/month person contributing to his IRA.

    Technology: We are way behind when it comes to technology. In the last few years we just gained the ability to email to non work personnel. Computers are slow and out dated.

    Door Knocking: Still focused on this method of meeting new people. In small town America this works fine. Small towns offer trust and comfort. You have no problem meeting a stranger at your door and giving him your assets. You may know him from church or see him at the local high school football game. In a major metropolitan area you see news stories all the time about people getting robbed, raped and murdered by home invaders. Why would you open your door and give out personal information to a stranger, yet alone put your retirement accounts with someone who you met at your front door, like he was selling vacuum cleaners.

    Advice to Management

    Wake up and realize that a one size fits all approach does not work for Edward Jones. There is a 50,000 population and less model and a 50,000 population plus model. We have to adapt our offices and marketing campaigns to the particular regions and cities that we operate in. Like Wal-Mart and Starbucks. They are not exactly alike across the country. They are different from one area to the next, thereby becoming unique to their community and increasing sales and awareness.


  2. Helpful (1)

    "Great if you are sure where you want to live your whole life"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - BOA Branch Office Administrator in College Station, TX
    Former Employee - BOA Branch Office Administrator in College Station, TX
    Recommends
    No opinion of CEO

    Pros

    They are very easy going and it is much like owning your own business. You get the chance to create your own income, much like a normal sales job, but along with this you get the stability after being established to sit back and do less client cultivating.

    Cons

    After building a client base you must stay in the same town to keep your commissions that are from your normal clients. thus if you would like to change cities or are forced to move you could lose your income and have to start from day one in your new location.

    Advice to Management

    you are doing a good job with your business model and with having your advisors actually communicate the requirements of the job to potential new hires so that they know the type of lifestyle that it requires.


There are newer employer reviews for Edward Jones
There are newer employer reviews for Edward Jones

See Most Recent

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