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.
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 low fees?
Commissions and Fees Although they might offer fewer service options, they'll no doubt also have lower fees. With Edward Jones, you'll have to pay a yearly account fee of $40 for all retirement accounts, which can be withdrawn directly from either your investment account or your bank account.
How much money do you need to invest with Edward Jones?
Extensive fund choices The initial investment minimum to open an account is $5,000.
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.
What percent does Edward Jones charge?
Edward Jones Details
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Min Investment
Trade Transaction Fee
Trade Commissions
Management Fee
What is the starting pay at Edward Jones?
Year Salary* Total Compensation
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1st Year Salary*$51,625 $70,725
2nd Year Salary*$44,625 $80,825
3rd Year Salary*$36,750 $95,950
4th Year Salary*$28,875 $118,675
How much does the average Edward Jones agent 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
Is working for Edward Jones worth it?
94% of employees at Edward Jones say it is a great place to work compared to 59% of employees at a typical U.S.-based company. Our customers would rate the service we deliver as "excellent." I believe management would lay people off only as a last resort. Management is honest and ethical in its business practices.
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.Dec 6, 2012
What type of investment company is Edward Jones?
Trade name Edward Jones Investments
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Type Partnership
Industry Investment services
Founded 1922
Founder Edward D. Jones