Edward Jones reviews

-firm takes 60% of your commissions until you start producing 700-800k /year (you can still make a lot of money but what they take from you is insane once you look outside the firm) -no innovation in the company. If you’re younger and want to build a career leveraging a digital brand this is not the place for you -compliance is heavy handed on things that outside the firm aren’t a thing. -you don’t own your book of business (I can’t overstate how important this is) -focusing on DEI was a bigger priority to the firm 2 years ago then helping their FAs find new ways to attract clients (inept management) -the general partners are incentivized to keep things status quo due to the fact their average salary is $3m/year (this was 2018 data) -meaning the default is don’t upset the apple chart because 600-700 people are on the gravy train

The firm is undergoing a huge layoff initiative that they've appropriately corporate speak-ified calling it "Enterprise Reimagined" Thousands of folks are losing their jobs just in Corporate (Home Office). It's, of course, ran like a circus with cascades of announcements being made internally to discrete groups but no mass announcements to squash the rumor mill. They desperately needed to cut the fat, but they also have to get effective leaders and they've failed on this second prong.