Good people but questionable future. - Financial Advisor Edward Jones Employee Review

-The door-to-door sales will positively crush your soul. Door knocking can work but it really, really sucks. Make no mistake, this is an EXHAUSTING sales job. For the first three years or so you will work like a vacuum cleaner salesman, going door-to-door, pitching people in elevators, Christmas parties, when your kids are being born, when the Dentist is drilling your tooth...you name it, you will have to pitch people at every opportunity if you are going to succeed. -The firm is ultra-gynocentric and very PC, you must tow the PC line at all times or they WILL fire you, but I guess most of corporate America is this way now. -The Department of Labor (DOL) really fried the brains of home office. Jones spent over $100M in compliance for something that never happened and our competition KNEW it wasn't going to happen. This obsession with DOL cost the firm a lot of good people, created a massive amount of CYA from the home office (which never existed in the past), which rolled onto the branches. The new trainees from KYC come to the field with bizarre ideas of how to sell, all driven by home office CYA. Of course, the home office expects the field to tell the new FA's how to really do their job, but this flies in the face of the madness being taught at home office. Again, this is all new to Jones. -Lastly, if you have a bad or marginal BOA, you are doomed. There are some offices that manage to do reasonable well with a substandard BOA, but I can't imagine what the FA has to go through. -I left Jones due to their complete inability to find and retain quality administrative help (BOA's). I was tired of having to do everything myself. If you complain to HR, your BOA will simply start to document your every move, which will probably get you fired first, even if you are trying to do everything by the book. The new Jones rules are crushing. -The healthcare plan is very high-deductible, so it is nothing special. -The "profit-sharing" is pretty meager and is only what the GP's choose to throw your way if you are below level 5. Everything in the firm is geared toward level 5+. Below level 5 you are just cannon fodder.