Pros
Penny is a solid Managing Partner and there are cracks in the 'business as usual structure' of Edward Jones (this is very, very good). There is an active push to bring more diverse people to the table to reflect the changing demographics of America and the changing face of wealth - and an active pushback from the more conservative elements of the firm who just can't tolerate this. I feel as if the company finally realized in order to survive, there would have to be an evolution of thinking and practice and we are seeing the start of this and the bearing of fruit. It's tough going though, but ultimately the right path.
Cons
Still there remains a 'good ole boy' network, especially at the top that only wants you in a position of power in the org if you're 'one of them'. It's very limiting as a Financial Advisor - there are many good options Edward Jones won't allow you to work with. You'll do a lot of work and check a lot of boxes that provide no value, but protects the firm. This is a long game - you have to be with the firm a min of 5 years to see the real benefits