FACD Grad - Success depends upon region/assets given - Financial Advisor Edward Jones Employee Review

1.0
24 Jul 2019
Recommend
CEO approval
Business outlook

Pros

Preface: I have been with EJ well over a year and am exceeding all expectations. Flexibility Chance of taking over a office potential pay Travel program Salary (although it is low) Licensing

Cons

Where to begin... -EMPLOYMENT AGREEMENT - states that if you leave within 3 yrs of your can sell date, you can be sued for $75k of training costs. They lure in 20 something year olds and essentially have them sign away their futures knowing that most of them will fail out. -If you are a white male, you are very unlikely to receive any type of asset sharing opportunity no matter how well you produce or your work ethic. -Many of the so called "leaders" in my region received their office/assets & try to give advice to newer advisors that are actually grinding to build their book of business. -Your future success is completely dependent upon you receiving either assets or an office... Unless you come from money/have an extensive network. -Their training program is highly regarded in the industry which is why I chose EJ, I don't understand how. They literally focus on teaching you to prospect/doorknock. I feel completely underprepared to help clients manage their entire life savings. The advice I received from regional leadership was that I will learn from doing. What kind of advice is that??? This job is so important, there needs to be much more structure around training advisors to actually be FA's rather than salespeople. - Many Many Many more... like any other company, my only caution to someone considering this opportunity is that you truly evaluate your options. Don't drink the EJ cool-aid. It can very well be a good opportunity, if you are lucky..

Explore other reviews about Edward Jones

5.0
9 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Great starting pay, good training

Cons

I did not find any cons

2.0
9 Jun 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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