Edward Jones - Great place to learn, great training, still a typical wall street wire house....in disguise. Very disappointed. | Glassdoor
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Helpful (7)

"Great place to learn, great training, still a typical wall street wire house....in disguise. Very disappointed."

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Financial Advisor in Los Angeles, CA
Former Employee - Financial Advisor in Los Angeles, CA
Doesn't Recommend
Negative Outlook
Approves of CEO

I worked at Edward Jones full-time (More than 5 years)

Pros

Great training on how to sell.

Cons

It's all about selling, and commissions/production. They want you to have 100s if not 1000s of households to serve(3 to 4 new households a month for the first 4-5 years----- the quotas don't stop there) and the main focus is sell sell sell. I feel this is not in the best interest of the clients. With a book that big many don't get the attention they deserve (which is why Edward Jones clients have become accustomed to being handed off to other newer advisors once their advisor has "too many clients"----they are then put on a newer advisor with little experience who is "starving" to have clients.

 Edward Jones commercials tout. "a Financial advisor who doesn't put their short term agenda first," HARDLY. With the high commission expectations, and low payouts, that's about all that is on the newer FAs minds! For the commissions their advisors do earn, they underpay their advisors(they keep about 2/3 of what you earn!) . They have a way of making average or only "meeting expectations" producers feel like they are never good enough. On top of that they do not fully support the FA as they promise when it comes to HR issues with obnoxious and unethical BOAs. The people who make the real decisions are in St. Louis and they do not know about local markets, and do not know you. They do not provide adequate training on management skills (how to manage your admin person). The focus is much more on sales, time management to maximize sales, how to ask questions to make sales, how to streamline your business to make sales, quotas quotas quotas.....Very hard to do what's right for your clients in an environment like this. Actually, very hard to be happy in an environment like this. Not sure how they get their fortune 500 rating claiming top place to work.....Must be surveying the home office desk people.....They are not as loyal to their FAs as their FAs are loyal to them... its a shame.

Advice to Management

Get to know your FAs and their concerns. Allow the Regional leaders to make hiring/firing decisions and not some St. Louis person who is totally removed. Increase payouts, eliminate national advertising, and pay more to the people doing the real commercials for the firm, face to face on the doorsteps. THEN you might have less atrition....Also, phase out single advisor offices, group a few advisors into an office to keep firm costs lower.

Other Employee Reviews for Edward Jones

  1. "It is an ok company to get a good foundation of work experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Edward Jones full-time (More than 8 years)

    Pros

    People I work with are helpful

    Cons

    More about who you know than what you know.


  2. Helpful (1)

    "Great firm and client focused - Difficult to advance - Home Office"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - CSG Associate in Saint Louis, MO
    Current Employee - CSG Associate in Saint Louis, MO
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Edward Jones full-time (More than 5 years)

    Pros

    I truly feel they are focused on the client. There is a big focus on development. Decent work life balance and family friendly. Plenty of opportunity for more responsibility.

    Cons

    Even with a big focus on development, it is difficult to be promoted - Sometimes items out of your control or thoughts of the Partner responsible are what hold you back. More responsibility does not translate to better compensation.

    Advice to Management

    Promote from within and try to shake the bureaucracy that has been established over the last few years. If you dangle the carrot too long, talent may seek other opportunities.


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

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