Pros
- The training at Edward Jones is top notch. - I enjoyed having my own office, although it was not in my idea location.
Cons
- The role and compensation as a Financial Advisor is GROSSLY misrepresented. - Since rewards are given to Regional Leaders for retention, they don’t tell you the TRUTH about how to may the money they claim that you can make during the recruitment process. - In order to make real money, a more senior advisor has to be willing to give you some of their book of business. - Although the focus is on assets, assets pay small trailings which don’t add up to much when you are a new Advisor. Instead, life insurance products pay large lump sums, but they don’t factor that into your asset requirements to keep your job. Selling insurance products in the beginning is the only way to make any real money as a new Financial Advisor who hasn’t been given a book of business by someone more senior. - When I went through six months of $0 paychecks, although I was meeting and exceed expectations, no one could give me an explanation why. I accumulated $5M into the company and had nothing to show for it when I resigned. When I contacted the Corporate Office several times, no one could give me a break down as to why I wasn’t getting paid. After speaking with my colleagues, I found out that they experienced months of $0 paychecks as well and they just attributed it to the EJ hazing process.