Edward Jones Reviews | Glassdoor.ca

Edward Jones Reviews

Updated 19 November, 2017
1,898 reviews

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3.8
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Approve of CEO
Edward Jones Managing Partner Jim Weddle
Jim Weddle
1,167 Ratings

1,898 Employee Reviews

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Pros
  • Work-life balance is a top priority (in 97 reviews)

  • Great training program for new advisor (in 133 reviews)

Cons
  • If you would want to be a Financial Advisor you would need to do a lot of door to door cold calls (in 128 reviews)

  • Door knocking sucks most of the time (in 135 reviews)

More Pros and Cons

  1. Helpful (1)

    "Advisor Role"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Edward Jones full-time

    Pros

    - willing to hire people who have very little financial services experience.
    - investment philosophy is solid, and advisors build portfolios within the confines stipulated by the firm. Meaning client portfolios are being designed at a basic level by professional investors with decades of experience.
    - business building is the choice of advisor, Edward Jones suggests F2F is a good way but you can build you business in any way you wish.

    Cons

    - lack of brand recognition in Canada


  2. Helpful (2)

    "old styles of managment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Toronto, ON
    Current Employee - Financial Advisor in Toronto, ON
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Edward Jones full-time (More than a year)

    Pros

    earning expectations are very attractive

    Cons

    door to door sales will little support of payoff

    Advice to Management

    Get away from the "Grandpa" way of thinking if you want to attract millennials


  3. "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Mississauga, ON
    Former Employee - Anonymous Employee in Mississauga, ON
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at Edward Jones full-time (Less than a year)

    Pros

    Professional Work Environment, Guidance and Support

    Cons

    Have to be self motivated, lots of door knocking, focus on sales, membership fees

    Advice to Management

    Have starting salary for Financial Advisors be closer to industry mean specifically during the starting phase for new advisors.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Run away."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Toronto, ON
    Current Employee - Financial Advisor in Toronto, ON
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Edward Jones full-time (More than a year)

    Pros

    Nothing, they will try to brainwash you to make cents on the dollar while they take 70% of your commissions. Go to Desjardins or investors group or freedom 55 financial. Anything but this company. Take my word for it.

    Cons

    Absolutely terrible management.
    They try to con your family and friends.
    You owe the 65,000 dollars if you try to quit. You cannot work for 3 yrs in Canada with any other securities company if you quit.

    Advice to Management

    It's not 1920. You can't knock on doors and expect anything but repulsion.


  6. "Sales"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Edward Jones full-time

    Pros

    Training. Salary for first couple years

    Cons

    Door knocking, low salary and culture

    Advice to Management

    Ditch door to door to retain talent


  7. Helpful (2)

    "It hardly gets better...but you need to stick with it!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Ottawa, ON
    Former Employee - Financial Advisor in Ottawa, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Edward Jones full-time (More than 10 years)

    Pros

    Company offers freedom with responsibility, if you are a good producer you can work your own hours, have clients that you like and have a good work life balance.
    You need to be self motivated because company has little patience for slackers.

    Cons

    Engagement of more senior advisors who are willing to help, but are never asked.

    Advice to Management

    There is a world outside Regional Leaders, they should not be the only source of the information how the field is doing.


  8. "financial advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor Trainee in Calgary, AB
    Former Employee - Financial Advisor Trainee in Calgary, AB
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    amazing place helps you make a lot of money

    Cons

    door to door knocking and rejection


  9. Helpful (1)

    "Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Toronto, ON
    Former Employee - Anonymous Employee in Toronto, ON
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Edward Jones (More than 3 years)

    Pros

    Excellent atmosphere and enthusiastic, positive business building culture made improving and focusing on your daily work easy.

    Cons

    Proprietary internal data and workflow infrastructure was inconsistent and infrequently updated.


  10. Helpful (1)

    "BOA"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - BOA Branch Office Administrator in Calgary, AB
    Current Employee - BOA Branch Office Administrator in Calgary, AB
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    They have Good pay and career development.

    Cons

    Two people office and you have to do cold calls.


  11. Helpful (1)

    "I was only an applicant"

    StarStarStarStarStar
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends

    Pros

    Good reputation and research teams. Marketing support appears to be adequate. They have an excellent start up plan for advisors ,unlike any other in the industry. Provide ongoing training and support for their advisors. Reward extra effort and support community initiatives and participation.

    Cons

    I did not actually work there. I was an applicant for a position,which process I elected to abandon The reasons for such are laid out in prior paragraphs of this document.

    Advice to Management

    Remember that each applicant is different in terms of training,background,work experience,knowledge and education. Those differences should be recognized by allowing flexibility in the hiring protocol. Life would be very boring if we were all the same.


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