Pros
Unlimited compensation potential, EDJ pays you to study for SIE, S7, S66 full time. The company has been around for 100 years and did not need to be bailed out or bought out during major financial crashes.
Cons
-Doorknocking, cold calling, cold messaging on LinkedIn, and prospecting family/friends are main ways you’re encouraged to build your book of business. -You will pay out of pocket for any networking/leads groups they encourage you to join to build your book. -Opportunities (Retirement Transition Plans, Goodknignts, Taking over an office) are overwhelmingly given to people related to FAs (spouses, children). No, this is not illegal, but if you are a new FA with no relatives at Edward Jones you will not be given these opportunities then you will be compared to those who were given these opportunities. -On the website it says you will be given an office and a BOA. You will NOT be given these until you “prove yourself” to your region. You will be doing all admin work for years out of a crappy back office. -Products are not good compared to other financial firms. -Cult like vacations, meals, outings where you “Toast to Ted” before drinking/eating. Ted Jones is treated like a God. -Depression, anxiety, and suicide ideation is real for newer advisors (less than 5 years in) and EDJ does not care. -I could go on, but if you want to know the truth before you take this job go to the 1 star ratings for Financial Advisor on Glassdoor and read those…all the information is true.