The Balanced View - Financial Advisor Edward Jones Employee Review

4.0
Jul 9, 2009
Recommend
CEO approval
Business Outlook

Pros

Probably the best big firm in the brokerage business. It is very careful not to even offer very risky products to clients. This keeps everyone out of trouble - clients, the firm, and advisors. The willingness to offer guidance is outstanding - at many firms, advisors guard their knowedge carefully and jealously, so as to keep their advantage. At EDJ my experience was that there was an enormous amount of camaraderie and willingness to spend time coaching and mentoring younger advisors. The tools available to help clients are outstanding as well. Many firms allow only top producers to use things like the Morningstar X-Ray - EDJ makes this available to all advisors. Also, the customer contact database is far superior to other firms I have worked for.

Cons

The work of a financial advisor is tough at all firms. EDJ could do more to support young financial advisors in their careers to reduce the failure rate. Benefits for financial advisors are very costly after the subsidy period is over (2 years?). At the end of the day all financial advisors at EDJ and other firms are sales people - that is what is valued the most - their understanding of portfolio construction and financial planning is hit or miss depending on the individual skills of the advisors they hire. My experience is that the experience of the average advisor is a little thin. I would not want my parents to invest with an EDJ advisor unless they had "real" credentials - a CFP or bachelor's or masters in financial planning. Truth be told, this is rare, not just at EDJ, but across the industry.

Explore other reviews about Edward Jones

5.0
Jun 14, 2026
Recommend
CEO approval
Business Outlook

Pros

Great place to transition into the world of Financial Advising

Cons

Tough business to get started on your own.

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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