Edward Jones’ account transfer out fee to another brokerage company is $95 for both taxable and non-taxable (IRA) accounts.
Also question is, 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.
In this regard, does Edward Jones have a pension?
The Edward Jones retirement plan consists of two parts: profit sharing and 401(k). Profit sharing, while not guaranteed, is tied to the firm’s profitability, allowing the opportunity for larger contributions to your retirement savings in years of success.
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. … VTSMX is the same thing as VTSAX, but for investors with fewer than $10,000. The expense ratio is slightly higher for VTSMX than VTSAX, but still very cheap relative to the competition.
Are Edward Jones fees high?
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.
How do Edward Jones advisors 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.
What investment firm is the best?
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.
Is Edward Jones fee based or commission based?
Edward Jones is a full-service firm suited for investors who need a financial advisor to impart investing advice. It offers traditional and Roth IRAs via commission or fee-based accounts. … Investing options include stocks, bonds, mutual funds, and exchange-traded funds (ETFs).
How long is Edward Jones Financial Advisor training?
Does Edward Jones have a base salary?
The highest salary for an Edward Jones Financial Advisor in United States is $92,277 per year. The lowest salary for an Edward Jones Financial Advisor in United States is $32,139 per year.