4.6k Salaries. What I DID expect was to be able to run things how I want with the understanding that there's no more mr nice guy after three years if I can't be profitable after, because that's how they made it seem. Edward Jones is a Fortune 500 company which offers excellent compensation for its financial advisors. Is there a way to do a fee-based business part time on my own while I take another part time job so I don't let down my clients who came over for me, not the firm? Most mutual funds are $250, if you want to start investing monthly it is just $50. And if you recall what happened thru my very inaccurate explanation, what happened, if you can say? Search 15 Edward Jones jobs now available on Indeed.com, the world's largest job site. Salary information comes from 4 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. This estimate is based upon 250 Edward Jones Financial Advisor salary report(s) provided by employees or estimated based upon statistical methods. This estimate is based upon 15 Edward Jones Programmer Analyst salary report(s) provided by employees or … A worker with the title finance advisor salary at Edward D Jones & Co LP can earn an average yearly salary of $144,685. We attribute a great deal of our success to our principles and personal, long-term approach to investing. But I had the impression from my recruiter that I really did things how I wanted at my pace for three years while they give you a salary and then you sink or swim after that and if you sink, you lose your clients when you leave. Feel like I've read this somewhere, did you cross post this by chance? $30K Branch Office Assistant Average Salary at Edward Jones (6 salaries) Equal to national average Branch Office Assistant salary ( $30K ) -$11K (30%) less than average Edward Jones salary ( $41K ) A free inside look at Edward Jones salary trends based on 4562 salaries wages for 639 jobs at Edward Jones. I Am A, where the mundane becomes fascinating and the outrageous suddenly seems normal. The comments about Edward Jones being different from many other firms is spot on. No cross post, though I'm not surprised that it's a common theme. View Jobs at Edward Jones. Edward Jones sadly seems like a great deal at first but pay from research i did is very little compared to other firms only nice part about it is the salary they give you in the beginning. Power 2007, 2008, 2010, 2012-2015, 2017-2019 Financial Advisor Satisfaction Studies of investors’ satisfaction with their financial investment firm. The national average salary for an Edward D Jones & Co LP employee in the United States is $76,905 per year. Some of the other roles at Edward D Jones & Co LP are office assistant and sales support associate. Before working with an advisor, investors are wise to research Edward Jones reviews and history. This estimate is based upon 1 Edward Jones Financial Advisor salary report(s) provided by employees or estimated based upon statistical methods. Can you provide empirical data that shows paying sales charges, and higher annual management fees can offset just going it alone, and buying a similar allocation of low-cost funds? What is the minimum amount of money required to open an account at Edward Jones? What advice you might have for a hungry investor with a sandwich-heavy portfolio? Like the idea that your money is invested in trustworthy investments that have proven to perform well like American Funds for example. One would think Edward Jones could provide guidance on this, but every time I ask my EJ guy, he's evasive. Therefore we will recommend actively managed mutual funds that may have an upront sales charge. I was a financial advisor for Edward Jones for about a year and a half. I've been in for 7 months. Our philosophy is Buy and Hold quality investments. 1.1k Inter­views. Problem: When the recruiter recruited me, she talked about doorknocking etc, and he said it was going to be hard work, but she also said "you run your own business, so you make as much or as little money as you want to put into it". Great question, you could very easily earn a better return by going with a lower cost option. With many physical locations around the United States, Edward Jones is able to provide a personal approach to their clientele in the communities they serve. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. But still, there is room for young advisors. They want their money to grow and not worry, we find ways to do that. And you may end up, over the years, having the opportunity to buy the senior advisor's book of business. could be like 10 or 50 people that together total 30-50 million in assets. you just do it as an internship in college or as a 8-month experience to beef up your resume and then you go for a real job lol. Edward Jones is a bit more of the pre-made style, in that they're there to guide you to certain investment choices, but you make the decision based on their expertise. 1922 – Edward D. Jones Sr. establishes Edward D. Jones & Co. 1957 -The firm’s first community based branch office opens in Mexico, MO; 1968 – Ted Jones becomes the firm’s second managing partner; 1986 – The firm celebrates the opening of its 1,000th office, located in Stoughton, WI Glassdoor gives you an inside look at what it's like to work at Edward Jones, including salaries, reviews, office photos, and more. The average Edward Jones salary ranges from approximately $28,751 per year for Office Administrator to $59,062 per year for Financial Advisor. Salaries at Edward Jones range from an average of $31,890 to $112,760 a year. The average hourly pay for an Office Administrator at Edward Jones is $16.98. I didn't expect to coast easy. Depending on the BD they might have minimum production levels--definitely do your homework--but a junior/"apprentice" advisor role would be a great way to get in. High uncertainty and the need for an extended list of qualified prospects. Financial advisor here with Edward jones, been through their training program at headquarters and know almost anything there is to know about the company, ask me anything about our fees and investment strategies. As with most sales positions, though, compensation is heavily performance-based. So probably not there. Financial Advisor salaries at Edward Jones can range from £23,859-£25,857. come on man. Edward Jones, the St. Louis, Missouri-based full-service brokerage firm, is one of the most recognizable names in its industry. How much does Edward Jones in the United States pay? Branch Office Administrators keep the branch compliant, running, and open for clients. Reply. 2. Edward Jones employees earn $41,000 annually on average, or $20 per hour, which is 47% lower than the national salary average of $66,000 per year.According to our data, the highest paying job at Edward Jones is a Senior Software Engineer at $96,000 annually while the lowest paying job at Edward Jones is a Financial Intern at $26,000 annually. Edward Jones pays its employees an average of $56,026 a year. At Edward Jones we try to sell ideas more so than returns. Salary information comes from 11 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. For being such a large firm, they offer a positive work culture like no other. Questions like this can all be answered by and EDJ advisor at no cost whatsoever. Salary information comes from 187 data points collected directly from employees, users, and past and present job advertisements on … The chances of working for a horrible FA and a great one are 50/50. 20 Photos. My son is going to college, should i take money from my IRA or what other options are available? You could also come in and buy 1 share of a stock, but we don't recommend that because transaction costs don't make it worth it. 2,995 Edward Jones reviews. And do you think it would pay AT LEAST 40k? Unfortunately my old company doesn't have offices in my current state. take care man. They told me that a typical Edward Jones office has 2 people- the Financial Advisor and the BOA. That's what attracted me, since I have a pretty hectic life right now, that I could ease up or double down as needed. Usually if an advisor is proven to have mishandled an account it will go to courts and the company will have to settle with the client. Any recommendations similar to that? Please spare me the "suck it up" etc. New comments cannot be posted and votes cannot be cast, More posts from the FinancialCareers community. A free inside look at company reviews and salaries posted anonymously by employees. Answered October 15, 2020. How do we know you arent an imposter and are really working for Raymond James? Edward D. Jones & Co. told half of its 49,000 employees on Monday that it is freezing wages and suspending overtime pay for one year in response … When Andrew Boles started as an Edward Jones rep 15 years ago, he was working out of the basement of his condo. Find Edward Jones jobs on Glassdoor. There's a major concern that there won't be a next generation of financial advisors to pick up where the boomer-advisors are leaving off. An investment company that offers a personal approach to investing. The typical Edward Jones BOA Branch Office Administrator salary is $41,431. Wasnt there an issue, and I am genuinly asking, as I know nothing about your field, several years ago, with someone in your company that mishandled a large portfolio or fund? Do you literally go knock on doors to obtain clients? One left the department, got his 7, CFP and is working on his CFA and then will help with hedge funds. You might make more money with EDJ, but that is not what makes us who we are. So imo there's not a lot of upward opportunity WITHIN the department, but there probably is within the firm. One of my colleagues actually came from Edward Jones just switched over (probably paid less) because he needed stability - was starting a family. I know that there are always things. I feel bait and switched. Edward Jones … I can't picture working in a FA capacity like with Edward Jones. But my experience was that there were so many people vying for opportunities in participant services that to be successful you had to be willing to get you 7 and branch out. Edward Jones received the highest score among employee advisors in the J.D. Edward Jones pays its employees an average of $17.48 an hour. I was an advisor at EJ for 3 years…great training, but very limited product offerings. Before working with an advisor, investors are wise to research Edward Jones reviews and history. Yes I literally go knock on doors to obtain clients. Once established I will not do that. Doesn't sound as diverse and deluxe as I had initially thought. 54 reviews from Edward Jones employees about working as a Financial Advisor at Edward Jones. 2,823 Edward Jones reviews. Financial Advisor salaries at Edward Jones can range from $1 - $433,452. Like the idea that your money is invested in trustworthy investments that have proven to perform well like American Funds for example. WHich retirment vehicle should I withdraw from first in retirement? The mutual fund company charges this fee, not Edward Jones. The idea is that with me you get someone who can answer questions about how much should I save in my IRA this year. 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