Edward Jones "door knocking" Reviews | Glassdoor.ca

Edward Jones Employee Reviews about "door knocking"

Updated Jan 30, 2020

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4.0
76%
Recommend to a Friend
97%
Approve of CEO
Edward Jones Managing Partner  Penny Pennington
Penny Pennington
230 Ratings
Pros
  • "We are given an enormous amount of support from our home office(in 159 reviews)

  • "Great Training, Back Office Support was wonderful, the FA I worked with was easy to get along with and good communication(in 155 reviews)

Cons
  • "You will build your book from scratch (see door knocking)(in 173 reviews)

  • "and the door to door portion of the job when you start out(in 158 reviews)

More Pros and Cons

Reviews by divisions

Reviews about "door knocking"

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  1. Edward Jones - Financial Advisors | Division of Edward Jones

    "Fantastic Opportunity"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor in Brandon, MB
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Edward Jones full-time for more than a year

    Pros

    Tremendous support from both head office and colleagues.

    Cons

    Door Knocking is a must and is tough.

    Continue reading
    Edward Jones2019-09-29
  2. Edward Jones - Financial Advisors | Division of Edward Jones
    Helpful (9)

    "Be careful what you wish for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor in Toronto, ON
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Edward Jones full-time for less than a year

    Pros

    Paid training and base salary (albeit declining) during the first five years, good benefits package, some colleagues offered support and mentoring.

    Cons

    It's a horribly outdated business model: cold door knocking. No one, much less in a professional career, attracts clients this way. You don't get any leads or accounts to work with, but no one tells you this during the recruiting and onboarding process - I only found out at KYC training. IF you are assigned an office (there is no guarantee - you might be working out of your home), it's a one-person shop, so no colleagues to work with. Some senior FAs are very condescending.

    Continue reading
    Edward Jones2019-08-14
  3. "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 

    I worked at Edward Jones full-time

    Pros

    Working Freedom, Training and Support

    Cons

    Door Knocking, Heavy loaded work

    Edward Jones2019-03-05
  4. Edward Jones - Financial Advisors | Division of Edward Jones
    Helpful (5)

    "Excellent choice"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Advisor 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Edward Jones full-time for more than a year

    Pros

    1. Autonomy to manage your hours as you see fit. 2. Excellent compensation package that allows you to build a practice over 3-4 years without relying on a ramen noodle diet. 3. Genuine interest from other FA's to help you build your practice. This is HUGE. Other firms leave you to sink or swim but the culture here is very much focused on you being successful. It was apparent at other firms that senior brokers were very happy to see you fail so they could scoop up your assets when you quit. That is not the case here. 4. Administration is provided at much lower asset levels to help you focus on client acquisition versus paperwork. 5. Ability to become a partner in the firm. That being said the structure of the partnership means you are not beholden to corporate profit mongers. This allows you to provide true unbiased advice to your clients. 6. US equity coverage is better than another firm I worked at. (this is due to Edward Jones large presence in the US) 7 Large untapped market. As the companies penetration into Canada is still in its infancy. from an asset level, you never have to worry about running into clients that deal with other arms of the bank.. EG If you work for the brokerage arm of a bank and run into a client that deals at the branch and is being massively underserviced you cannot pursue that lead.

    Cons

    1. Door knocking being forced early on in your career as the only way to build a practice. Although I think this is changing per the information I have heard. 2. Some antiquated financial planning software is being used although I have heard these changes are coming as well. 3. Compliance can be difficult to deal with. I think this is due to some of the hires not being in the business very long or at all. This leaves you constantly explaining yourself and decisions to them. 4. Limited product shelf. There are many ETF, FUNDS and Stocks you cannot buy, I have come around to these conservatives ideals but this will not be for everyone. Example - most ETFS allowed are only broad based, sector, thematic and quant are mostly off the table. Some exotic funds that deal with investments analysts don't like are excluded. Ask a current advisor for this info prior to signing up.

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    Edward Jones2018-10-22
  5. Edward Jones - Financial Advisors | Division of Edward Jones

    "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Advisor in London, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Edward Jones full-time for more than a year

    Pros

    Company culture is unparalleled. Everyone works together to make sure newer advisors are successful. Very rewarding and tons of back end support.

    Cons

    Very hard work, lots of door knocking (but its worth it)

    Edward Jones2018-10-16
  6. Edward Jones - Financial Advisors | Division of Edward Jones
    Helpful (4)

    "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Advisor in Toronto, ON
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Edward Jones full-time for less than a year

    Pros

    Pay you while you train. Other trainees seem to sincerely want to succeed and trainers want to help you succeed during training programs. Training is better than most places

    Cons

    Old fashioned door knocking which is why the brand is not growing among the affluent - especially in this day and age. Not entirely truthful about how you are paid and that even if successful in levels 1-3, you still can't support yourself especially in the cities. Hard to get straight answers about remuneration after your can-sell date. More than half their trainees don't last 6 months. Current advisors take your leads and clients. If you wish to work 12 hours a day, 6 days a week for peanuts, this is the place for you! If you manage to stick out the 3 years and avoid paying a bill of $65000 for training, run to another shop.

    Continue reading
    Edward Jones2018-09-26
  7. Edward Jones - Financial Advisors | Division of Edward Jones
    Helpful (3)

    "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Advisor 
    Neutral Outlook
    Approves of CEO

    I have been working at Edward Jones full-time for more than a year

    Pros

    Family values, work events

    Cons

    Door knocking, aggressive penalties if leave to another company ie. $65K

    Edward Jones2018-03-06
  8. Edward Jones - Financial Advisors | Division of Edward Jones

    "Great Training"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Advisor in Mississauga, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Edward Jones full-time for less than a year

    Pros

    Best in class training and support.

    Cons

    Door Knocking and Cold Calls

    Edward Jones2018-01-14
  9. "Financial Advisor"

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

    I worked at Edward Jones full-time for 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

    Continue reading
    Edward Jones2017-09-26
  10. Helpful (1)

    "Sales"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    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

    Continue reading
    Edward Jones2017-08-24

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