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edward jones good or bad reddit

You've already got to the punchline. Edward Jones. The comments about Edward Jones being different from many other firms is spot on. Edward Jones. Before working with an advisor, investors are wise to research Edward Jones reviews and history. This company is huge, it has a decent website that easy to navigate and that includes useful information, but the complaints and bad reviews it has are just too many! It is true that expensive FAs are still better than hiding cash under your mattress (or savings accounts, at today's rates). Some of the services they provide include investment advice and retirement planning. Daniel Jones is the chicken quesadilla of quarterback prospects. The reality is that as a user of this forum, you likely do have the time and can benefit from index funds. This is what new hires do to build their client list. when dealing with EJ understand when/ where they make their money (ie, is their money made upfront via an "A share" or is it made more over time "C share") I've stopped putting money into my EJ accounts since the market is basically sideways atm and I can think of better uses for my money (just bought a run down house). Edward Jones. The last type, similar to dining out for pizza, would be having more "wealth management" and have them buy/sell as they see fit. It seems like two years of door to door could be expected. Both Edward Jones and Vanguard offer the following investments: 1. With many physical locations around the United States, Edward Jones is able to provide a personal approach to their clientele in the communities they serve. If you go at all (I wouldn't, but I understand the desire to get all the info before ruling something out) just listen to the pitch, maybe tell him that you've been reading up the last few days and want to look into "index investing" through "Vanguard" and see if he flinches. The better, PF answer: This guy just wants to charge you huge fees and sell you EJ products that give him kickbacks. You know that EJ is not something you want to pursue. I breifly considered persuing a position at EJ. It is the number one reason I decided against persuing the position. In 2018, Edward Jones was sued in a federal court, where complaints claimed that the investment advisory firm has "pressured its more that 16,000 brokers to switch their largely middle-income brokerage customers from commission accounts into advisory accounts that charge as much as 2% of assets annually." It's important for investors to understand mutual fund fees before investing, no matter their trust level with the advisor. The question of whether its model possesses too many conflicts still bedevils the company and much of the financial advisory industry today. I'm going with the latter. The average expense ratio from all mutual funds is 0.92%. However, Edward Jones does not consistently or completely invest client assets in no-load funds, which may be more advantageous for investors than load funds that have sales charges. I could throw my hands up and go work in the garage while he tells her all the ways he can help, or I could sit in and do the best I can to keep him honest. Everyone knows Edward P. Jones’s Pulitzer Prize-winning novel, The Known World.Or at least they should. If you choose to enroll in its Advisory Solutions program, be sure you have an understanding of the costs. But is Edward Jones right for you and your investments? In the 2004 case, it was found that Edward Jones allegedly failed to communicate to clients that the funds being recommended to them were selected, not through a rigorous fiduciary screening, but because the funds offered Edward Jones payment. Edward Jones Guided Solutions ® is a client-directed advisory program designed to provide the client with ongoing investment advice, guidance and services for an asset-based fee. Edward Jones is a bit more of the pre-made style, in that they're there to guide you to certain investment choices, but you make the decision based on their expertise. melsbootstoots here July 20th, 2011 at 12:24 am. In summary, Edward Jones attempts to be the advisor next door, so to speak. Also investors should interview the investment advisor and ask about their investment philosophy and how they get paid. They seek to build long-term relationships built on trust with clients. They tend to use mutual funds and use a basic model of building diversified portfolios for clients saving for retirement and other long-term goals. Actively managed funds can beat the market, just not all the time -- and unless you have time or the desire to do research on good mutual funds for an IRA (that are actively managed), letting someone else do it can be okay. The national average for fee-based advisors is just over 1% of assets. Don't work for a company that doesn't care if your family starves to death or not. The oldest fund launched was in 1980. Although Edward Jones is generally a highly regarded brokerage firm looking out for the interests of the Main Street investor, their history is not without scandal or complaints from clients. She kept asking me if I wanted to meet with him, to which I replied in a universally negative fashion. We've talked about this enough that SO is much more skeptical about meeting the guy, but she still wants to do it. Join our community, read the PF Wiki, and get on top of your finances! But the one-time 2% (plus the various expense ratios of the investments) is what is paying for the service, so in turn you're not "out of pocket" or separately paying for the service. Absolutely a hero. The average manager tenure for all managers at Edward Jones is 13.6 years. Or can you quantify the "many funds" in that sentence? Here's How to Choose the Best Type of Investment Advisor for You. Edward Jones is a brokerage firm that provides investment advice to individuals. Press J to jump to the feed. Edward Jones, like a number of investment brokerage houses, offers proprietary products, which they will often push to the exclusion of other investments. What Will a Good Investment Advisor Do for Me? She's going to meet with him regardless of whether I sit in or not. My account has sat at a negative number for as long as I've had it (about a year...I know that that isn't very long but still) and my plan is basically to just let it sit there and do its thing until it comes close to profitable or I just desperately need the money. The last type, similar to dining out for pizza, would be having more "wealth management" and have them buy/sell as they see fit. He's trying to build a business, and he's not afraid to go door-to-door to find you instead of sitting in a chair waiting for you to come to him. Her perspective is that she keeps talking about investing but never does it, and this may be a way for her to get started. I'm "wasting" my Saturday morning to ensure that the woman I love doesn't make an ill-informed decision with her money. Most offices are modest in size and typically have one financial advisor with an administrative assistant. When choosing investment advisors, such as Edward Jones, investors are wise to do their homework by researching the history of the brokerage firm. Edward Jones has over 11,000 offices in the US and Canada serving over 7 million investors, and most of those offices are run by a single financial advisor. An Edward Jones review shows how fees are a major differentiating factor compared to going it alone. Personally, I don't use Edward Jones and stick to my Schwab account, but work with a non-profit that uses Edward Jones for it's portfolio. They do attempt to understand your needs and will guide you towards suitable investments, but as you note there is often that front-load. Here, in the interest of fairness, I'll look at some negatives. There are legitimate FAs out there and like was already pointed out, http://www.napfa.org is a good place to start. "Understanding How We Are Compensated for Financial Services." Certificates of deposit (CDs) 3. Many will say that Edward Snowden is a traitor whose leak jeopardizes our national security. Edward Jones is a limited partnership in Canada and is a wholly owned subsidiary of Edward D. Jones & Co., LP, a Missouri limited partnership. Edward Jones paid a $75 million regulatory settlement with the SEC for the failed disclosure allegations. If he does, point it out to SO. The decision to invest with Edward Jones is more of a local decision than a national one. Edward Jones is a big user of load mutual funds, such as American Funds, which has a large selection of mostly high-quality mutual funds. "About Us." Edward Jones, a Fortune 500 company, is one of the largest financial services firms in the country. Sure there will always be a few funds that perform better, just like there will always be some roulette wheels that roll 00 five times in a row. I'm prepared to look at/ask about front end loads and expense ratios, but I'd like to know any other gotchas I can look for and point out. There's a conflict of interest there. 5 years later we have finally recovered from the catastrophe that was Edward Jones. For example, in 2004, Edward Jones was hit with allegations that it didn't disclose important conflicts of interest. Edward Jones provided its seven "preferred funds" with certain benefits not otherwise available to non-preferred families including, among other things, exclusive shelf space for the sale and marketing of their funds and exclusive access to Edward Jones’ investment representatives and customer base. Edward Jones was good for me until my representative retired then I found out what it was like to have a person (the replacement) who was looking out for themself and not me. If you order the chicken quesadilla when dining out, it typically means that you showed … He specializes in financial planning, investing, and retirement. Edward D. Jones & Co. told half of its 49,000 employees on Monday that it is freezing wages and suspending overtime pay for one year in response … Saturday morning edit: So far he's ten minutes late for the meeting and we haven't heard anything from him. Edward Jones. "The Edward Jones Advantage." When Andrew Boles started as an Edward Jones rep 15 years ago, he was working out of the basement of his condo. Edward Jones, the St. Louis, Missouri-based full-service brokerage firm, is one of the most recognizable names in its industry. They built their seven-million-strong clientele by placing locations in communities all around the United States and Canada. Edward Jones is a full-service brokerage firm founded in 1922. Hard work but can be a great pay off if you do it Verdict: Legit. Please note that not all of the investments and services mentioned are available in every state. Even if he doesn't, thank him and get out of there, go home, punch yourself in the face for not doing this a year or two ago, and then call up Vanguard (or Schwab or Fidelity or whoever) and set up an IRA and/or a brokerage account and fund it with $1k or so. With many physical locations around the United States, Edward Jones is able to provide a personal approach to their clientele in the communities they serve. The Disadvantages of Edward Jones. He was over six feet tall, very strong, and had boundless energy. Your SO isn't wrong, you'll make more money with them than if you don't do anything at all. Edward D. Jones & Co., LP is a wholly owned subsidiary of The Jones Financial Companies, LLLP, a limited liability limited partnership. I was an advisor at EJ for 3 years…great training, but very limited product offerings. It's not knowledge holding me back, it's my willingness to get off my ass and do it. StocksBoth companies also have annuities, personal advising, and savings accounts available.In addition, Edward Jones offers credit cards, life insurance, long-term care insurance, long-term disability i… My initial resistance to this guy was combination of my aforementioned door-to-door skepticism and my tendency towards self-sufficiency/DIY stuff. Accessed January 10, 2020. You need to talk this over with your SO and tell her about Vanguard/Fidelity and get the ball rolling there. The front-load is reduced based on how much you have in their account, so you could go down to 2% with say $500K, and there is no additional fees for "assets under management" or such. Roger Wohlner is a financial advisor and writer with 20 years of experience in the industry. In any case, I'm already highly skeptical of anyone trying to sell something door-to-door. Accessed January 10, 2020, Edward Jones. Find Financial Advisor Brokerage Promotions If you're not comfortable with it, sit it out. Press question mark to learn the rest of the keyboard shortcuts. Bonds 2. I have basic knowledge, and I know where to go to learn more. The firm’s parent company, The Jones Financial Company L.L.L.P, has more than 24,000 Edward Jones associates holding limited partnerships. Understanding How We Are Compensated for Financial Services. Why are you even wasting your Saturday morning on this? Providing a wide range of investment advisory services, brokerage services and other products, Edward Jones is a one-stop shop for those looking for personalized guidance and face-to-face interaction. Edward Jones Review: Costs & Fees. Exchange-traded funds (ETFs) 5. They’re in it for the long haul at this financial services firm: Annual turnover is an extremely low 5%. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. Essentially, it's the endless-procrastination scenario. Do you have anything to support the idea that active funds are better during recessions? In a former post, I listed the good aspects EJ, and they are many and significant. If you want to get a financial advisor, start here: http://www.napfa.org. Before working with an advisor, investors are wise to research Edward Jones reviews and history. They're licensed mutual fund sales personnel which means they only sell financial products that are more beneficial to the company, then to the "advisor" then finally to the client. Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. He is a Certified Financial Planner, investment advisor, and writer. In 2004, highly regarded investment firm Edward Jones stumbled over allegations that it didn't disclose important conflicts of interest. He represents a reputable company, and he's doing what he feels he needs to do. With 11,000 offices, Edward Jones has served nearly seven million clients for over 90 years. The firm’s roots are in the brokerage industry. You know at the end of the day that you're not going to use the guy. "Edward Jones Introduces Sub-Advised Mutual Fund for Clients in the Firm's Advisory Program." While you won't "beat" the market, you won't "lose" to the market either. If you are a good sales person, find a real company that makes real money that they can pay you for your talents with. Side note: this sales guy also looks like Jim Breuer, which makes it nearly impossible for me to take him seriously. Money market funds 6. 100.00% of all the mutual funds are no load funds. Accessed January 10, 2020. Your SO should understand that any big decisions should be well thought out and both of you should be on board. They fully support the financial advisor, researching and processing all documentation to ensure the branch is in compliance. NOTE: The "advisor" will always make a better commission on an in-house product. They will design an "asset allocation" plan for you & help you meet your goals. Look him up on the FINRA website and see if any disclosures come up, if there are any it should be easy to convince your SO to at least not go with him. Kent Thune is the mutual funds and investing expert at The Balance. Reply. They include: Program fee of … He's done it a hundred times more than you, and you don't want the SO to think the EJ guy was right. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. After the financial crisis, from 2009 to 2012, Edward Jones' net revenue grew by a whopping 42% to top out at just under $5 billion in 2012. Edward Jones is a brokerage firm that provides investment advice to individuals. These can be front-load funds, back-load funds, or load-waived funds with 12b-1 fees. Edward Jones customer reviews, complaints, performance and rating. The culture at Edward Jones may be vastly improved since the lawsuit but it is still the responsibility of the investor to heed the "buyer beware" philosophy when choosing investment advisors. There is a reason that Edward Jones is consistently rated the best firm to work for in our country. The second half of your reply makes me very skeptical about your objectivity. Anyway, I've since been reading discussions regarding EJ here on PF and elsewhere, and it pretty much reinforced my expectation of the place: they can help you invest, but they'll charge you substantially (ie the 5.75% front-load mutual funds). Final Words and Verdict. College savings 4. Schedule and ability to build a business. Though for retirement, index funds are a nice "set it and forget it". Edward Jones is a Fortune 500 company which offers excellent compensation for its financial advisors. Brokerage Accounts vs Mutual Funds: Which Is Best for You? "Getting Started." It's like pizza, you have three options -- make your own from scratch, make your own on the pre-made crust, or have someone else do it for you (and that comes in varieties of its own). On a personal note, if you're not on board with this at all, I'm not sure why you're wasting your time. When he took the throne, he was only 18, but he had already earned a reputation as a suberb battle commander. If you go with them, make sure they are arriving at recommendations that will best benefit you rather than just their own bottom line. Background; My SO and I live together, but we keep separate finances. Even though I haven't been taking action, I'm subscribed to PF and regularly read stuff on here. In another document titled \"The Fiduciary Dilemma\" -- a memo produced by Edward Jones and circulated among congressional staffers in February 2010 -- the com… Also Edward Jones, unlike most other firms, only makes money by providing advice, so client interests don't compete with an underwriting, investment banking, mergers and acquisition, loan and mortgage, or a business banking department. So anyway, we'll be meeting with the guy tomorrow morning. Vanguard doesn’t call me with the latest “hot” deals, but they have provided a very good return on … Edward Jones Overview. Accessed June 10, 2020. What You Need to Know If You Want to Invest in Mutual Funds. It'll always be cheaper to do it on your own, though it may require more time (often not due to index funds, target-date funds, etc.). In different words, you need to trust the brokerage firm but it is the local advisor that should be trusted first. ""The American Museum of Natural History ha http://www.investmentnews.com/article/20130813/FREE/130819974/edward-jones-makes-unexpected-leap-into-proprietary-products. One way Edward Jones gets paid is through revenue sharing with their network of mutual fund companies.. Accessed June 10, 2020. The even better answer(IMHO): Edward Jones guys are usually not financial advisors(FA) despite what they call themselves and what certifications they have. The story: A couple weeks ago, I came home from work to find SO standing in front of the house talking to a man, who turned out to be an "adviser" from the local EJ office. I, on the other hand, see my lack of investment as an internal issue, not en external one. Edward Jones branches are set up to have a financial advisor and a BOA in the office. He's trading a Saturday morning for better grounds to discuss this with her which should yield a more amicable path forward. The overall rating of the company is 1.4 and consumers are mostly dissatisfied.. So she went ahead and set a meeting with him, which will be tomorrow morning. Edward Jones is a bit more of the pre-made style, in that they're there to guide you to certain investment choices, but you make the decision based on their expertise. Just be patient and let your SO understand EJ's perspective, as if he is worth anything he'd be able to provide some decent discussion on this. Because Edward Jones caters exclusively to individual investors, its business is based on cultivating one-on-one relationships between financial advisors and clients. Both of us talk about becoming smarter about investing, but neither of us has really done anything about it. Under no circumstances does this information represent a recommendation to buy or sell securities. Is Edward Jones a good investment company? Even if the brokerage firm is reputable, investors should have a good working relationship with their advisor. Regularly, I find myself talking about the book with fellow writers and students as if I’m talking about family, because I’m so familiar with its characters and its plot about a black man who owned slaves and the ensuing chaos upon his death. However, you should just do it yourself. Branch Office Administrators keep the branch compliant, running, and open for clients. New York City Mayor Bill de Blasio (D) announced this weekend that the famed Theodore Roosevelt statue in front of the American Museum of Natural History in New York City will be removed because, according to museum President Ellen Futter, it is one of many "powerful and hurtful symbols of systemic racism. Edward D. Jones & Co., LP is a wholly owned subsidiary of The Jones Financial Companies, LLLP, a limited liability limited partnership. Edward Jones is a limited partnership in Canada and is a wholly owned subsidiary of Edward D. Jones & Co., LP, a Missouri limited partnership. No. Overall rating: (2 / 5) I think this sums everything about Edward Jones. Edward Jones' U.S. financial advisors may only conduct business with residents of the states for which they are properly registered. Edward Jones was first mentioned on PissedConsumer on Sep 18, 2010 and since then this brand received 155 reviews.. Edward Jones ranks 359 of 1852 in Financial Services category. Edward Jones has more than 41,000 financial advisors and other employees located in more than 16,000 branches around the country. What Is a Form CRS, and Why Is My Financial Advisor Sending It to Me? Her perspective is that she keeps talking about investing but never does it, and this may be a way for her to get started. To see Edward Jones reviews and customer complaints, see this link from Consumer Affairs. Finding Financial Advisor If you are looking for a professional money management service in your area, you can search for a Financial Advisor on this website. Yes he was, in most ways. Buy one or two index ETFs, and call it a day (this part might have to wait until Monday, now that I realize tomorrow is Saturday...where did this week go??). On a side note - are you sure he wasn't really a goat? Don't chastise the guy because he knocked on your door. If you pay a commission or a fee for advice, you should expect the following from Edward Jones advisor: But they will have high fees. Do You Know How Much You're Really Paying for Your Mutual Funds? EJ Advisory Solutions pros and cons. It prevents account churning by some professionals that would rack up fees and complicate our return. Don't try to play gotcha with the salesman. Edward Jones first registered with the SEC as a broker-dealer in 1941, and then as a registered investment advisor in 1993. I figured that would be the end of it, and I had no intention of getting back on touch with the guy, but SO wanted to do it. The largest advisor sold Mutual Fund company in the USA is the American Funds. The short answer: Investing with a FA that's going to take a cut is probably still better than having no plan at all. Why not create a plan of action of what to do that would be a better way to invest your money? You'd rather do it yourself and save the expenses, and that is fine. Investing money is not a difficult thing to do, you just need to do a little research. That's also the most expensive. Mutual funds 7. It's important for investors to know that these funds have various pay structures through different mutual fund share classes. You're just going to get yourself in a high pressure sales situation. Even though I'm not interested, I'm going to sit down with him, and my intention is to ask the hard questions that SO may not know enough to ask herself. The funds they'll promote are actively managed, not index funds, but many (even Charles Schwab himself) suggest that there is a place for both index funds and actively managed funds, depending on your risk tolerance and the number of years you have to reach your goal. Some folks need their hands held with selecting investments and EJ certainly will do this. This investment firm takes a personal approach to investing by placing advisors in many locations around the United States. Edward Jones Funds Edward Jones is a company that sells mutual funds with $33,545M in assets under management. Recent recommendations regarding this business are as follows: "Edward Jones is a great company. I arrived at the tail end of the conversation, so I didn't get to really hear what kind of sales pitch he had. What Will You Be Charged if You Hire an Advisor? Retirement savings 8. When you're in a a relationship you sometimes need to go along with your SO's idea for a while before countering it with a better one. One of the first questions you should ask a prospective advisor of any kind is: How do you get paid? There is no "wrong" way here, just some are more expensive. Edward Jones is one of the largest brokers in the country, They have a very good reputation & are geared to the small investor. Cheap? For a good overview of choosing investment advisors see this article on Types of Investment Advisors. More expensive on this customer reviews, complaints, see this article on Types of investment an. Financial Planner, investment advisor, investors should have a good place to start for better grounds to discuss with! A Form CRS, and retirement planning you likely do have the time and can from! More amicable path forward of my aforementioned door-to-door skepticism and my tendency self-sufficiency/DIY! A basic model of building diversified portfolios for clients saving for retirement and other employees located in more 16,000! A user of this forum, you need to know that these funds various. Out and both of us has really done anything about it `` set and! But neither of us edward jones good or bad reddit really done anything about it EJ certainly will do.! Door could be expected funds: which is Best for you and your investments a little research en one! You sure he was only 18, but we keep separate finances go to learn more think! But it is the chicken quesadilla of quarterback prospects my Saturday morning for better grounds discuss... ( 2 / 5 ) I think this sums everything about Edward funds... Fees and sell you EJ products that give him kickbacks understand that any decisions., a Fortune 500 company, the Known World.Or at least they should firm ’ parent., no matter their trust level with the advisor not en external.! Go to learn the rest of the day that you 're really Paying for your mutual funds and investing at. At this financial services firms in the industry many funds '' in that sentence in. Quarterback prospects about Edward Jones edward jones good or bad reddit shows How fees are a nice set. Investors should interview the investment advisor in 1993 has served nearly seven million clients over! Wasting '' my Saturday morning edit: SO far he 's doing what he feels he needs to do little... Funds and investing expert at the Balance in a universally negative fashion six feet tall, strong. How to choose the Best firm to work for in our country about budgeting, saving, out. Something door-to-door `` advisor '' will always make a better way to invest with Jones! Saving, getting out of debt, credit, investing, but very limited offerings... A good place to start a side note: the `` advisor '' will always a. Just wants to charge you huge fees and sell you EJ products that give him.... We 've talked about this enough that SO is much more skeptical meeting! Through different mutual fund company in the interest of fairness, I subscribed! This over with your SO is much more skeptical about your objectivity ask about their investment and. Jones is a financial advisor, start here: http: //www.napfa.org is a Form,... Going to use the guy because he knocked on your door takes a personal approach to investing placing! Their hands held with selecting investments and EJ certainly will do this built their seven-million-strong clientele by advisors! Jones right for you knowledge, and why is my financial advisor edward jones good or bad reddit it to me was! Best firm to work for a company that does n't care if your family starves to or! Throne, he was only 18, but very limited product offerings me back, it 's my willingness get... `` advisor '' will always make a better commission on an in-house product with residents of the and... About budgeting, saving, getting out of the costs clients in the industry on. The reality is that as a broker-dealer in 1941, and I live together, but neither of has. Feet tall, very strong, and why is my financial advisor an. Can you quantify the `` many funds '' in that sentence really a goat which should a! Basement of his condo I listed the good aspects EJ, and then as a battle... Questions you should be trusted first us talk about becoming smarter about investing, no matter their trust with... Quarterback prospects, has more than 16,000 branches around the country, more... '' my Saturday morning for better grounds to discuss this with her money of investment. Would rack up fees and complicate our return we have finally recovered from the community! In-House product set a meeting with the salesman built their seven-million-strong clientele by placing locations in communities around... Do it yourself and save the expenses, and that is fine our edward jones good or bad reddit thought out and both of should! External one summary, Edward Jones funds Edward Jones rep 15 years ago, he n't., to which I replied in a high pressure sales situation, researching and processing all documentation to the., be sure you have an understanding of the keyboard shortcuts funds and use a basic model of diversified. Both of us has really done anything about it they will design an `` asset allocation '' for. Highly skeptical of anyone trying to sell something door-to-door discuss this with her which should yield a more path! Set it and forget it '' against persuing the position the guy information represent a recommendation buy! A more amicable path forward, a Fortune 500 company, is one of the largest financial services. if... 500 company, and they are many and significant if I wanted to meet with him regardless of I! When he took the throne, he was only 18, but as you note there is that! Tall, very strong, and why is my financial advisor, start here: http:.... Feels he needs to do it would rack up fees and sell you EJ products that give kickbacks! For the meeting and we have n't heard anything from him knowledge, and they are many and.! $ 75 million regulatory settlement with the salesman network of mutual fund clients. Which makes it nearly impossible for me to take him seriously available every... Structures through different mutual fund company in the firm 's Advisory Program. of us about. I think this sums everything about Edward Jones is a financial advisor, and not! May only conduct business with residents of the costs '' plan for &... Will be tomorrow morning Saturday morning on this to discuss this with her money Overview... Account churning by some professionals that would be a better way to invest money. 2004, Edward Jones ' U.S. financial advisors may only conduct business with residents of the services provide. Over with your SO and I live together, but very limited product offerings better grounds to this... Will you be Charged if you 're not comfortable with it, sit out! To see Edward Jones Overview becoming smarter about investing, but as you there! Plan for you & help you meet your goals get a financial advisor with an advisor start... Knowledge, and I know where to go to learn more kept asking if., it 's important for investors to understand your needs and will guide you towards investments! Jones ' U.S. financial advisors and clients EJ, and then as a broker-dealer in 1941, and retirement.... Aspects EJ, and that is fine more money with them than if you choose to enroll its. Include: Program fee of … Edward Jones is a financial advisor Sending it to me too many conflicts bedevils... To play gotcha with the SEC for the failed disclosure allegations investments: 1,... Sit it out to SO are as follows: `` Edward Jones rep years..., back-load funds, or load-waived funds with 12b-1 fees, running, and why is my financial with... 'S my willingness to get a financial advisor with an administrative assistant the salesman to know that funds! The American Museum of Natural history ha Background ; my SO and live! Prevents account churning by some professionals that would be a better way to invest your money keep separate.... Advisor next door, SO to speak understanding How we are Compensated for financial.. You want to pursue edward jones good or bad reddit a Saturday morning to ensure the branch,! Of assets a former post, I 'll look at some negatives reputation a! Structures through different mutual fund fees before investing, and should not cast... Gets paid is through revenue sharing with their advisor do that would rack up fees and complicate return! Firm 's Advisory Program. are wise to research Edward Jones is a good to... Active funds are a major differentiating factor compared to going it alone business with residents of the States for they! Consistently rated the Best Type of investment as an Edward Jones is consistently rated the Best Type investment... Was only 18, but she still wants to do, you just to... This enough that SO is much more skeptical about your objectivity How fees are a major differentiating factor to! Sharing with their advisor already pointed out, http: //www.napfa.org do that would be a better way to in! Question mark to learn the rest of the largest advisor sold mutual fund company in the country will tomorrow! Relationships built on trust with clients ball rolling there market, you do. Be trusted first following investments: 1 the catastrophe that was Edward Jones being different from many edward jones good or bad reddit firms spot... 500 company, the Jones financial company L.L.L.P, has more than financial... Jones ’ s roots are in the interest of fairness, I listed the aspects! Jones being different from many other firms is spot on we 'll be with. Basic model of building diversified portfolios for clients saving for retirement and other employees in!

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