Good company but needs to reduce nepotism. - Financial Advisor Edward Jones Employee Review

2.0
Dec 13, 2008
Recommend
CEO approval
Business outlook

Pros

Edward Jones allows you to, within limits, be your own boss. The investment business when it is good can be fun. Jones has a simple model that works most of the time. The job is the best thing since sliced bread if you can last ten years.

Cons

The pressure can be ridiculous at times. Be careful where you place your office because you will be held strictly accountable for your sales numbers. Nepotism is a problem at all brokerage houses and Edward Jones is no exception. It's a real morale killer to work hard for two or three years and then get passed up by some guys who just took over an office of someone retiring. There is a certain political correctness that exists at the firm. The firm acts like everyone starts from scratch when many advisors walk into good situations. Try to negotiate a good deal going in. They make it sound like you have real good odds building from scratch but you don't. The job actually gets harder in years three and four. The expectations are easy to hit in the first couple of years. Try to have communication with the regional leaders so you have a chance at opportunities (assets) as they become available.

Explore other reviews about Edward Jones

5.0
Jun 9, 2026
Recommend
CEO approval
Business outlook

Pros

Great starting pay, good training

Cons

I did not find any cons

2.0
Jun 9, 2026
Recommend
CEO approval
Business outlook

Pros

Holds firm to its conservative investment philosophy.

Cons

The firm has been behind the times for decades. It is great that they are finally trying to get up to speed, but the rate of change is not manageable. There has been a high turnover in support staff and it's hard to get accurate information when needing support. It also seems like they have lost their original focus of being the local friendly financial advisor in your backyard and being accessible to the masses. The focus has shifted to high-net-worth individuals and catering to the wealthy. I've watched several advisors get pushed out because they expressed concern and needed support they weren't receiving. When hired as an advisor I was told I'd receive all of this wonderful training of what to say and how to overcome objections and did not receive any of that training. Most of the training is a high-level overview with homework of figuring it out on your own time. In order to be successful as an advisor at Edward Jones, you need to plan on working 80 hours a week for at least the first five years at the firm with little to no support.

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