Edward Jones reviews

-Lots of hard work in the first 5 years to build the business but work life balance improves dramatically as time goes on -Leads from online client matching program, but mostly you are expected to build the practice on your own

The biggest con is if you are hired by a FA that doesn’t have the same goals as you for growing the business & yourself you will possibly never reach what you hope to earn. It may not be a career path because the FA has control over that. The firm hires you at a low hourly rate as they claim it is incentive based with bonus potential. In all of the admin support roles you have zero control over those potential bonuses. It is based on profitability which the FA is responsible for and how much of their bonus they choose to share with you. The firm matches up to 10% of the FA’s bonus and I would say most FA’s do share 10% but if they do not allow you to see their P&L you do not know for certain what they are giving you. In addition they can give you up to 100% of their bonus but most admins don’t know this. If you work with a FA that you don’t get along with you are basically stuck. EDJ doesn’t train them how to be leaders or how to manage people and they have a lot of control of that office with no day to day supervision. If there is conflict or mistreatment you can reach out to HR but it is your word against their word. If you want to leave to work at another location there has to be an opening and if that branch is a lower level you will sacrifice your bonuses to do so. I have worked for 2 advisors and I am lucky they are both fair and good people. EDJ is a wonderful firm that cares about it’s employees but the advisors have too much control when they constantly preach that we are their business “partner” not their secretary. The advisors I work with treats me as an equal in every aspect and is extremely generous with bonus & growth opportunities so I will never leave. I got lucky!