Is It Worth It? There's no question that Edward Jones charges some hefty fees. But again, it offers an experience that you can't get at every firm. If you prefer working with a single advisor who can build a long-term, in-person relationship with you, EJ could be worth considering.16 Sept 2021
How much commission does an Edward Jones financial advisor make?
Your financial advisor generally receives between 36% and 40% of the revenue Edward Jones receives from asset- based fees, transactional revenue, ongoing 12b-1 fees, trail commissions, and revenue from premiums generated by activity in your accounts.20 Mar 2021
How does Edward Jones rank as a financial advisor?
"Edward Jones Ranks Highest in Investor Satisfaction, According to J.D. Power 2021 U.S. Full-Service Investor Satisfaction Study." Accessed .
Does Edward Jones have hidden fees?
The Edward Jones Select Account is a transactional (brokerage) account. You pay a commission when you buy and sell certain investments. Some investments, such as mutual funds, may also have internal expenses in addition to a sales charge.
How does Edward Jones pay their advisors?
Financial advisors at Edward Jones are primarily compensated on a straight commission basis. They get paid by selling customers financial products that generate commission revenue to the firm and themselves. Most financial advisors in the broker-dealer industry are paid on a roughly similar model.6 Dec 2012
How much does the average Edward Jones advisor make?
Average Edward Jones Financial Advisor yearly pay in the United States is approximately $53,712, which is 26% below the national average.
How much do Top Edward Jones advisors make?
Job Title Salary
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Edward Jones Edward Jones Financial Advisor salaries - 57 salaries reported $53,076/yr
Edward Jones Edward Jones Financial Advisor salaries - 5 salaries reported $17/hr
Amazon Edward Jones Financial Advisor salaries - 1 salaries reported $104,396/yr
How much does the CFO of Edward Jones make?
Executive Compensation As CFO at JONES FINANCIAL COMPANIES LLLP, Kevin D. Bastien made $17,032,259 in total compensation. Of this total $175,000 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $16,857,259 came from other types of compensation.
Are Edward Jones fees too high?
Deposit Amount Annual Fee
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First $250,000 1.35%
Next $250,000 1.30%
Next $500,000 1.25%
Next $1,500,000 1.0%
What's a good personal rate of return?
Most investors would view an average annual rate of return of 10% or more as a good ROI for long-term investments in the stock market. However, keep in mind that this is an average. Some years will deliver lower returns -- perhaps even negative returns. Other years will generate significantly higher returns.29 Nov 2021
How does Edward Jones rate as a financial advisor?
Value of Assets in Account Annual Fee Rate
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Over $10,000,000 0.5%