What degree do I need to work at Edward Jones?
Due to the competitive nature of the financial services industry, employment hunters looking to submit applications for Edward Jones jobs must possess four-year degrees or internships with similar institutions in order to qualify.
How do Edward Jones advisors get paid?
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 is the starting pay at Edward Jones?
Sample Compensation Schedules
| Year | Salary* | Total Compensation |
|---|---|---|
| 1st Year | Salary*$51,625 | $62,625 |
| 2nd Year | Salary*$44,625 | $62,725 |
| 3rd Year | Salary*$36,750 | $67,150 |
| 4th Year | Salary*$28,875 | $73,575 |
How do Edward Jones reps get paid?
Does Edward Jones pay well?
Average Edward Jones Financial Advisor yearly pay in California is approximately $56,613, which is 21% below the national average. Salary information comes from 4 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.
Why Edward Jones is bad?
Edward Jones does have fees. Fees are one of the biggest downfalls according to reviews online, making them something that you should check out before you decide to invest. When you put them head-to-head with the competition, you’ll find that their fees are higher than most.
Is Edward Jones a good investment firm?
Edward Jones is ideal for those who refuse to think about their investments. It is also best for those who invest and leave the money in the same funds, as each time you makes changes in investment funds, you pay high fees. For those who wish to invest and never give a second thought to their investments,…
How does Edward Jones make money?
One way Edward Jones gets paid is through revenue sharing with their network of mutual fund companies. For example Edward Jones is a big user of American Funds, which has a large selection of mostly high-quality mutual funds with various pay structures through different mutual fund share classes.
What is Edward Jones business model?
Edward Jones’ business model is unique within the industry. It affords financial advisors the ability to run their own offices, enjoy unlimited earning potential, create their own schedules, and work in the communities in which they live.
Where is Edward Jones located?
Edward D. Jones & Co., L.P., since 1995 simplified as Edward Jones, is a financial services firm headquartered in St Louis, Missouri, United States. It serves investment clients in the U.S. and Canada, through its branch network of more than 14,000 locations.
