Edward Jones FAQ

All answers shown come directly from Edward Jones Reviews and are not edited or altered.

39 English questions out of 39

August 24, 2018

What is health insurance like at Edward Jones?

Pros

I have flexible works hours and can telecommute a day or two each week. This helps tremendously with work/life balance.

Cons

The pay is not very competitive and the benefits are not that great, either, especially the healthcare benefits. All of the serious money is made by the financial advisors and the general partners of the firm. Everyone else makes peanuts in comparison. The home office associates are barely acknowledged, or if they are, the recognition just goes to management and not the people actually doing the work.

Advice to Management

Try rewarding home office associates with more than a business casual or jeans day.

The pay is not very competitive and the benefits are not that great, either, especially the healthcare benefits.

August 24, 2018

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April 11, 2019

Does Edward Jones offer sponsored degrees?

Pros

Good profit sharing and benefits. PTO is fair and sick time is separate. Company is respectful of work/life balance. Will pay for licensing and have tuition reimbursement.

Cons

Many Team Leaders and Department Leaders are out of touch with employees. Some have been in their position too long and don't care anymore. This is very de-motivating to employees. They cap raises for a promotion. If you work hard and move up fast, they will not match pay to responsibility. Culture varies greatly depending on which department you are on.

Will pay for licensing and have tuition reimbursement.

April 11, 2019

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September 11, 2020

Does Edward Jones pay for professional licenses?

Pros

They have a great training program. They paid for time studying for the exams and licensing.

Cons

There was little help starting during the pandemic.

They paid for time studying for the exams and licensing.

September 11, 2020

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July 16, 2018

What is the retirement plan like at Edward Jones?

Pros

Awesome sales training....I will take these skills into the next area of my life. Average starting off salary after graduating with a degree in financial planning (~$34,000). They have a good support network of advisors & mentors who aim to keep you on the right track with your sales goals. In general, a very positive work environment but the nature of the business is that they are not "team-oriented"...because there is no team. Only you as the salesman.

Cons

Only cares about asset gather & they do not practice "true" financial planning. Massive conflicts of interest, the end goal is to gather their assets. The software Jones uses is dated and frustrating. There is no match on a 401(k) but health benefits are alright. Working for Jones over several years felt more stressful because you had to drink the "kool-aid". High sales quota & if you did not produce you would be let go. Door knocking in 2017 does not work like it did back in the day.

Advice to Management

Overall, I would have liked to stay at Jones, but their sales focus dominates their planning focus. There is almost no encouragement to obtain a CFP or practice financial planning since the sales quotas were very high. If Jones offered true wealth management or a Fee-Only platform where advisors got paid salaries to do true financial planning (no conflicts of interest), I would be happy to have stayed with Edward Jones. The industry is going through a transition to Fee-Only, and Edward Jones is tending to lag being on that business model as well as their technology.

There is no match on a 401(k) but health benefits are alright.

July 16, 2018

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September 17, 2020

Does Edward Jones offer parental leave?

Pros

Flexibility, career support and development, collaborative and supportive culture, great benefits, 4 months paid maternity leave and 2 weeks paid paternity leave. Edward Jones has been amazing to work for during the Covid-19 pandemic.

Cons

None that I can think of.

Flexibility, career support and development, collaborative and supportive culture, great benefits, 4 months paid maternity leave and 2 weeks paid paternity leave.

September 17, 2020

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39 English questions out of 39