Edward Jones reviews

3.4

53% would recommend to a friend

(5,330 total reviews)
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Penny Pennington

57% approve of CEO

53% positive business outlook

Edward Jones has an employee rating of 3.4 out of 5 stars, based on 5,330 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Edward Jones employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

5K reviews
1.0
Aug 27, 2012
Recommend
CEO approval
Business Outlook

Pros

Good Training, you progress to the level of junior broker in most worlds.....if you go somewhere else.. the learning curve is steep

Cons

They like to sue over everything, use fear and intimidation to scare everyone. If you leave, they will try to smear you to delay your conversion of clients. They like to say that you are running your own business...nothing could be further from the truth. The product offerings are limited, no financial planning options only needs analysis, they won't let you put their FAST proposals in a folder and give it to the client. The hypocritical Regional Manager was fired because of sexual harrassment...They let a 20 year guy go after paying out some arbitration claims, then told everyone that he left for health reasons.

3.0
Aug 16, 2012

It depends on who you ask....

Recommend
CEO approval
Business Outlook

Pros

-According to their recruiters and trainers, you get to make your own schedule as a Financial Advisor. To a certain extent, that is true. -Decent starting pay for FAs to help get you off the ground -A LOT of training, and GOOD training. Headhunters will come a-calling to try to get you to join their company after you have been trained by Jones.

Cons

-As I stated above, you are told you get to make your own schedule as an FA. Sometimes this is true, but sometimes you will make an appointment for a client or have a family obligation, and your trainer will inevitably call the office while you are out. In my experience, they trainers will then chastise you for not being available. This is only one example of the mixed messages you get from this company. They want you to be out meeting clients, but they want you immediately available for the trainers. The most frustrating part about all of this is that the trainers will never pick up their phones when you call which is a waste of the FA's time. If you want to be told several different things and not have a concrete path, then this company will suit you. If not, look elsewhere.

1.0
Aug 16, 2012
Recommend
CEO approval
Business Outlook

Pros

They provide good training to pass series 7 and 66

Cons

It is strictly a sales position and you only get 38% of the overall commission, which is not very high. The rest supports a bunch of people in Saint Louis that does very little to help you make it. They make treats to fire you if you do not produce the magic numbers and they do carry them out. . They have a well managed public image and internet presence, which hides the true nature of the job. They make outsiders believe that it is heaven on earth with all the accolades that they claim, but as a financial adviser, you'll find them meaningless and useless because at the end of the day, they do not help you gather more business.. Expensive health insurance, which is hard to afford if you are new and you do not have an established book of business. They hire lots of people and truly they do not care who makes it. It is a number's game for them. My initial class had 46 people and only tree were left when I parted ways with the company. That's something to think about and you should consider other options or career choices. There is a very small chance of making it. The more senior regional employees have an incentive in your failure because they inherit accounts and can grow their book of business. Therefore, they provide ill fated advice and support. They do not provide the best investment advice. For example, they kept recommending big name banks such as City and Bank of America throughout the financial debacle. This sort of stuff can ruin your personal reputation and morale.

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