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
Mar 24, 2014
Recommend
CEO approval
Business Outlook

Pros

A recognized national name. You are, to a point, your own boss.

Cons

Nothing but door to door sales to get your initial and ongoing business. Demeaning practice of making you a sales and new business jockey. No actual advising of your clients, as they have you shove mediocre funds with high fees in front of clients, skimming the border between shady and illegal from a suitability standpoint. Terrible upper management is out of touch with reality. Hours are just crazy, you'll probably work 12 hour days, every day, and even weekends, for little to no results. Don't believe the hype of this job, if you don't already have a book of business you WILL fail and they will simply transfer your clients to a good ol boy advisor who has been there forever. Run far away to a real investment company who will value you as a person. This business model will quickly crash in a few years when older customers fade off, so there isn't much of a future anyway. I'm assuming Ed Jones paid off the "top places to work" lists, this should be bottom of the barrel.

3.0
Dec 10, 2012
Recommend
CEO approval
Business Outlook

Pros

****Before taking a job as an FA you need to look at yourself and seriously ask yourself if you are willing to cold call/knock on strangers doors for years. Everyones says they can but very few can. If you are part of the 20% or so who make it, you'll get rich. This firm is great if you are a salesman. If you aren't you'll be gone quickly. -Freedom of owning your own business (but remember you don't own your business) -Fantastic support system to help you but YOU have to do the work -Great bonus structure and incentives to help you build along the way

Cons

- Prospecting and selling family, friends (can be complicated) - Always have to be selling - Your clients aren't yours if you leave, VERY BIG DEAL but no one cares when they're just starting - Very hard to build your business from scratch - Hard to compete against lower cost alternatives

2.0
Oct 26, 2012
Recommend
CEO approval
Business Outlook

Pros

Own Branch, Hire your own staff, Work with clients you want too, Diversification Trips, Profit Sharing 100% vested.

Cons

Micro management, limited investment options (Bonds, Insurance carriers and business lines, advisory is all proprietary, now creating proprietary products developed by insurance annuity carriers), limited outside research views, lack of true medical benefits, if in a "location rich" area hard to maintain profitability, not much 'street creed' among investors and other advisors, lack of regional leadership, constant turnover in FA attrition, no loyalty within the firm and your dedication, low compensation, nickle and dime you for branch expenses (net closer to 33%), No room for growth and the list goes on.... If I had it to do again, I would have made a different choice. I was at EDJ for 7 years and the culture of the firm is DEAD. I was sold a bill of good and was set up to fail.. I made it but thought I would retire there, should have left many years ago. I love being Independent. Made the same amount of money from a whole year at EDJ as an independent in 33% of the time.

Viewing 496 - 498 of 5,330 Reviews

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