Great Company and the BEST training program for a New FA! - Financial Advisor Edward Jones Employee Review

4.0
Apr 29, 2009
Recommend
CEO approval
Business outlook

Pros

If you're new to financial services industry and are interested in finding out more, but don't know where to get started, Edward Jones has a New FA development system that is only matched by a select few. It's a system where anyone that's willing to put in the honest work can achieve a relative level of success. The training program is bit exhauting, but very comprehensive and it is designed to help anyone with at least half a brain pass the 7 and 66. Their structure of 1 office, 1 FA and 1 assistant allows complete freedom to operate your branch as you see fit, as long as you're hitting the production goals. The production goals for a new FA are by far the lowest in the industry, compared to other wirehouses. Also, it doesn't tell the whole story, the company is featured in the Fortune Magazine year after year as one of the best places to work in USA. You certainly will get respect from your family and friends just for that fact. They offer competitive payouts, about the same as wirehouses, but higher than a bank FA. Company also offers you a chance to qualify for a "Diversification Trip" based on your own merits and performance, rather than being measured against your peers. Who ever meets the performance criteria are eligible to go. After a few years of service, you can also participate in its own limited partnership offering and maybe possibly become a general partner eventually.

Cons

It's a one size fits all training program, and if you abhor even the thought of knocking on people's doors, then this is not a job for you. Their medical insurance is everything that is wrong with our current health care industry, expensive and not helpful. 1 office, 1 FA and 1 assistant structure can become lonely and many Edward Jones FAs that I've met have said that is the toughest part of the job. Also because you work alone, there is no friendly competition to gauge your performance against and motivate you. Lowest starting pay of all what I consider major brokerage firms.

Explore other reviews about Edward Jones

5.0
Jun 14, 2026
Recommend
CEO approval
Business outlook

Pros

Great place to transition into the world of Financial Advising

Cons

Tough business to get started on your own.

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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