Some of the products Edward Jones sells come with high fees, such as life insurance and annuities. But that will be true at any other firm for those same financial products. EJ says that 36% to 40% of these commissions go straight to the advisor.
Beside this, does Edward Jones do wealth management?
Edward Jones uses four different wealth management services based on your own needs and preferences: Guided Solutions. This service enables you to do your own investing and trading but provides you with investment guidance on stocks, bonds, mutual funds, and exchange-traded funds (ETFs). Advisory Solutions.
Thereof, is Edward Jones a good choice for investing?
The Bottom Line. Edward Jones is comprised of thousands of advisors. 12? For individuals who want a personal touch, the right Jones advisor may very well be a good choice. On the other hand, low fees and tested investment strategies of robos give investors more net dollars to deploy into the markets.
Is Raymond James better than Edward Jones?
Edward Jones
| 53% | Promoters |
|---|---|
| 11% | Passive |
| 36% | Detractors |
Is working for Edward Jones worth it?
It’s the people you help that make the job worth it. The job itself is ok but you only advance if the office does well. So if you work hard and the office is not doing well you will not get the raise. It took me 6 years to see a raise by year 7 I realized I was working harder than I was getting paid or even trained!
Who is the best investment firm?
The rankings here reflect the top 10 investment management firms by assets and net income.
- UBS Wealth Management. …
- Credit Suisse. …
- Morgan Stanley Wealth Management. …
- Bank of America Global Wealth & Investment Management. …
- J.P. Morgan Private Bank. …
- Goldman Sachs. …
- Charles Schwab. …
- Citi Private Bank.
What is a reasonable fee to pay a financial advisor?
1% per year
Who is the best financial advisor company?
Finding a Top Financial Advisor Firm
| Rank | Financial Advisor |
|---|---|
| 1 | CAPTRUST Find an Advisor Read Review |
| 2 | Fisher Investments Find an Advisor Read Review |
| 3 | Fort Washington Investment Advisors Inc. Find an Advisor Read Review |
| 4 | Hall Capital Partners LLC Find an Advisor Read Review |
How long is Edward Jones training?
10 weeks
How much does Edward Jones charge per trade?
1. Total commission may vary
| Product | Fee | Maximum Fee in Range |
|---|---|---|
| $6,000.00 to $9,999.99 | 2.00% + $30 | $230 |
| $10,000.00 to $24,999.99 | 1.50% + $80 | $455 |
How much does Edward Jones pay during training?
The typical Edward Jones Financial Advisor Trainee salary is $40,116. Financial Advisor Trainee salaries at Edward Jones can range from $19,565 – $95,897.
Does Edward Jones have hidden fees?
Hidden investment fees are not uncommon, as I learned with my Fidelity 401(k), but Edward Jones ups the ante. Let me present to you the five most common ways you’re getting screwed by Edward Jones broker fees. Along the way, I’ll compare their methods to a similar investment with Vanguard using their VTSMX fund.
Can I buy individual stocks through Edward Jones?
You can choose to own stocks in a number of ways: individual stocks, mutual funds and exchange-traded funds (ETFs). … In addition, for any 10-year period invested, stocks outperformed bonds and inflation more than 80% of the time.
What is the minimum investment for Edward Jones?
$5,000