Financial Advisor - Financial Advisor Edward Jones Employee Review

2.0
Mar 13, 2018
Recommend
CEO approval
Business Outlook

Pros

You get your own office and an assistant. They pay for you to get your investment and insurance licenses.

Cons

The company recruited me while making the job sound like a financial planning type job. In reality it was a financial product sales job. They actually don't train you as much as they claim. Only enough for you to sell products and then you'll learn some financial planning skills along the way. They make you door knock to gather hundreds of phone numbers and the call these people to sell products or get appointments. This goes on for years. They only measure the advisors on how much revenue (fees and commissions) and assets transferring in. Every month they want more revenue generated. They don't measure you on things clients care about (knowledge, professional designations, customer service skills, investment returns, etc). They advertise that they are for the best interest of the client while they accept hidden kickbacks from mutual fund companies and push the advisors to generate more revenue for the firm. They convince the advisors that it's "their business" when in fact its not. Clients are the firms. They won't become full fiduciaries and only are a fiduciary on retirement accounts because they have to be now by law. Most of the employees believe the company is the best thing since sliced bread but haven't look at what else is out there and how other companies are run. Recruiting is emphasized insanely because they actually can't keep the advisors.

Explore other reviews about Edward Jones

5.0
Jun 9, 2026
Recommend
CEO approval
Business Outlook

Pros

Great starting pay, good training

Cons

I did not find any cons

2.0
Jun 9, 2026
Recommend
CEO approval
Business Outlook

Pros

Holds firm to its conservative investment philosophy.

Cons

The firm has been behind the times for decades. It is great that they are finally trying to get up to speed, but the rate of change is not manageable. There has been a high turnover in support staff and it's hard to get accurate information when needing support. It also seems like they have lost their original focus of being the local friendly financial advisor in your backyard and being accessible to the masses. The focus has shifted to high-net-worth individuals and catering to the wealthy. I've watched several advisors get pushed out because they expressed concern and needed support they weren't receiving. When hired as an advisor I was told I'd receive all of this wonderful training of what to say and how to overcome objections and did not receive any of that training. Most of the training is a high-level overview with homework of figuring it out on your own time. In order to be successful as an advisor at Edward Jones, you need to plan on working 80 hours a week for at least the first five years at the firm with little to no support.

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