Edward Jones - Good if you inherit a big office or get picked for a large Good Night....if not watch out! | Glassdoor
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There are newer employer reviews for Edward Jones

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Helpful (1)

"Good if you inherit a big office or get picked for a large Good Night....if not watch out!"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Financial Advisor
Current Employee - Financial Advisor
Doesn't Recommend
Positive Outlook

I have been working at Edward Jones full-time (More than 3 years)

Pros

Great training. Plenty of independence. Assistant is not shared so you have lots of in office support. You own office.

Cons

If you arent fortunate to get a good head start your doomed. Odds of success are not relayed to potential candidates when they are explaining the job. First 3 years expect to be paid slave wages if you dont inherit a $50mm office. No 401K match for FA's.

Advice to Management

Make asset sharing more fair. Minority Advisers are not treated the same as the good old boys

Other Employee Reviews for Edward Jones

  1. Helpful (7)

    "Out for itself and not true to it's word."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Accountant in Saint Louis, MO
    Former Employee - Accountant in Saint Louis, MO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at Edward Jones full-time (More than 8 years)

    Pros

    -The limited partnership is great for those who can get it. It takes many, many years to be eligible.
    -They are not publically traded.

    Cons

    -The home office culture has really regressed over the past 3 to 4 years. It's become about who you know and not about performance. It's about who you're neighbors with, who you date, who you can joke around with.
    -Work/life balance in the home office has deteriorated over the past few years. It became about how many extra hours you can get your associates to work and how little you can pay them, while taking away benefits. It became about lies to possible candidates regarding the amount of hours you were expected to work (especially for those looking to leave public accounting). Those who enjoyed part-time hours were eventually pushed to work more (while still getting paid less) or their part-time status was taken away.
    The culture has become more about how much you can drain out of your associates rather than working together as one company to provide better service to clients. This, despite promises of it being a great place to work.
    -Upward feedback is nonexistent in the home office. They have a survey, feedback, action process every two years or so, but when partners and other leaders confront their associates about what they wrote, word spreads and people aren't honest anymore. The problem is they say there is an open door policy, but when individuals speak up, they are branded as negative and eventually forced out, in one way or another.
    -Actions do not back up leadership statements. Development is not encouraged with action, associates are required to work more and more, associates can not talk with their area partner unless they've gone through ALL levels in-between, and more.
    -Senior leadership have seen their income levels increase over 20% while associates have seen their net pay decrease due to health insurance increases and low raises averaging around 1% depending on where you're at in your pay grade.

    Advice to Management

    -Develop a true form of anonymous upward feedback. Have leaders rated by their associates on their objectives and their competencies. If there is high turnover in an area, look at leadership as studies show that most people leave their companies due to their direct management. If many people in an area are branded as negative, look at the area leadership. Don't be so quick to blame and brand associates.
    -Follow your statements with actions. Earn the trust of your associates and you will see productivity, engagement, and loyalty increase. If you are truly interested in your clients AND your associates, everyone benefits!
    -Get back to the culture where you can be trusted and where associates believe you care. It used to be a great place to work (in the home office).


  2. Helpful (1)

    "Edward Jones is a phenomenal company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor
    Current Employee - Financial Advisor
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Edward Jones full-time (More than a year)

    Pros

    Great training as you advance in your practice, outstanding peer support, amazing opportunity if you are willing to do the work.

    Cons

    Tough in the first few years, work life balance is nearly impossible until you have established yourself in the community.

    Advice to Management

    Have the regional leaders or location specialists do a thorough analysis of the location for new branches. I am in an area where there were two new advisors ahead of me and and two new advisors behind me, all within a two year time frame. Made for a very difficult prospecting experience.


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

See Most Recent

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