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Are Edward Jones fees too high?

Edward Jones can handle your entire investment life while you’re busy with other things. —The annual management fee is 0.50% per year on account balances greater than $10 million. At that point, the fee is competitive with robo-advisors but offers much more personalized and customized investment services.

How much does a Edward Jones financial advisor cost?

Fees Under Edward Jones

Value of Assets in Account Annual Fee Rate
First $250,000 1.35%
Next $250,000 1.30%
Next $500,000 1.25%
Next $1,500,000 1.00%

How much do Edward Jones agents make?

Edward Jones Financial Advisor Salaries

Job Title Salary
Edward Jones Edward Jones Financial Advisor salaries – 35 salaries reported $46,442/yr
Edward Jones Edward Jones Financial Advisor salaries – 4 salaries reported $16/hr
H&R Block Edward Jones Financial Advisor salaries – 1 salaries reported $70,757/yr

How much does Edward Jones pay during training?

Top Earners. Top performers working as financial adviser trainees for Edward Jones tend to earn a base salary of $49,500 , bonuses of $13,000 and commissions of $20,000 in their first year.

Who is better Vanguard or Edward Jones?

Why Vanguard is Better The owners (shareholders) of Edward Jones expect a return on their investment. This return on investment comes from the revenue that Edward Jones generates from the fees associated with their accounts and commissions you pay when buying a mutual fund.

Is Edward Jones a pyramid scheme?

It is not a ponzi scheme . But EJ is not appropriate for people that hang out here. With all of that said, if you are a good at it, after a few years, you can make a really good income as an EJ advisor.

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Is Edward Jones financial advisor a good job?

Edward Jones is a good company to work for. Edward Jones is a great company to work for as long as the financial advisor in the office is a good person to work for and with. I worked out of the office of a veteran advisor that was more than supportive. They went above and beyond.

Is Edward Jones considered a fiduciary?

“ Edward Jones as a firm does not act as a fiduciary ,” an advisor wrote to the board, according to a person who shared details of this and other letters.

How do Edward Jones reps make money?

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.

Is it hard to get hired at Edward Jones?

Being a hands-on investment company, Edward Jones has a large variety of positions that it seeks to fill. As it is a well-recognized organization, vying for a job with Edward Jones can be extremely difficult .

Is it worth paying a financial advisor 1%?

Financial advice typically costs 0.5 percent to 1 percent of your portfolio per year. So, yes, people want to know if they are getting what they pay for. Based on research, analysis, and testing, Vanguard has concluded that, yes, there is a quantifiable increase in return from working with a financial advisor .

Does Edward Jones pay a base salary?

Average Edward Jones hourly pay ranges from approximately $11.93 per hour for Office Assistant to $25.79 per hour for Financial Advisor. The average Edward Jones salary ranges from approximately $28,751 per year for Office Administrator to $54,246 per year for Senior Branch Administrator.

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How long is Edward Jones training?

10 weeks

How much do level 10 Edward Jones advisors make?

An experienced Financial Advisor with 10 -19 years of experience earns an average total compensation of $80,000 based on 15 salaries. In their late career (20 years and higher), employees earn an average total compensation of $42,000.

Do you need a degree to work for Edward Jones?

Most of the jobs available with the prominent financial services chain include positions in branch offices working with clients directly. Applicants must stand at least 18 years of age for hiring consideration; however, possession of four-year degrees in related fields remain the primary qualification for employment.

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