Financial Advisor (Current Employee) – Toronto, ON – 18 October 2017
Edward Jones is a great firm, they support you and give you all the tools to succeed. If you're willing to put in long hours and work your tail off you will be successful. The starting pay isn't great but the benefits are good, the people are great and if you put the time in the paycheques will grow. Everyone is always willing to help you, you just have to ask. They are just like anything in life, if you put the time and effort in you'll be rewarded.
Financial Advisor (Former Employee) – Toronto – 28 September 2017
This review is not just true of Edward Jones but of some other firms as well. Someone just of the streets will probably not succeed no matter how hard of an effort you make. Jones can do a pretty good job teaching you to door-knock (yes you have to do this - a lot) and sales in general. There is only one problem, to succeed as a financial adviser you need to gather assets quickly and you probably won't do that going door to door as a newbie. You need to bag assets from other advisers or have wealthy friends and family who are willing to let you manage their assets. The former cannot be taught and the latter depends on your situation. If you can get 2 to 3 million in a year by these means then you will (probably) be ok, otherwise you will fail, no matter how hard you work. Most of the Edward Jones FAs that are successful got that way by having assets given to them by Edward Jones (took over an existing office, played politics, etc) or brought assets with them from another firm. It is very unlikely you will succeed with Edward Jones if you start from scratch.
Since there are only the two of you per Office it got very lonely and boring at times. Tasks were menial and mundane. There was no workplace culture...it was a tiny office with only us. The hardest part of the job would be trying to find something to do when I would go days with no meetings booked or entries to make.
Financial Advisor (Former Employee) – Markham, ON – 30 August 2017
It is always a challenge to prospect for new clients. But this is also the most difficult aspect of the job. There are many rejections from clients, but ones must learn from experience and apply to new business prospect.
People are nice but the work-life balance is near to non-existent when just building your practice
Financial Advisor Trainee (Former Employee) – Toronto, ON – 14 August 2017
People are nice but the work-life balance is near to non-existent when just building your practice especially in the tougher markets like Toronto. Good opportunity though but I would recommend it to those who don't have much other obligations like young children etc.
NIce supportive environment
Long hours to build your practice especially in the tough Toronto market
Branch Office Administrator (Former Employee) – Red Deer, AB – 17 July 2017
I worked as a BOA for this company for 5 years. As an Administrator it was a decent enough job, easy hours, ok benefits and easy to maintain a social life. The pay is not in line with the amount of work duties you may have and don't let them fool you about bonuses or advancement as it's all based on your FA. You won't qualify for a thing if they decide you don't deserve it or they dislike you. There have been many instances where the FA has gotten away with harassment and verbal abuses towards their BOA and unless you get the labor board involved, nothing will happen.
As the saying goes: BOA's cost money, FA's make money.
If you luck out and get a good person to work in office with, you'll be rewarded and be apart of a Team which makes it a nice place to work for. Just know that you have no job security as it's one FA and one BOA to office and if your FA doesn't meet all the extremely high and unreasonable requirements, you may be out of a job. When I was let go due to the loss of my FA, the Regional Leader of the Northern Alberta Region did not even call me to see if I was ok or offer any support.
Monday to Friday with no weekend shifts, great for family life
Terrible pay and no accountability for the FA's when it comes to the treatments of their BOA's
Financial Advisor (Former Employee) – Mississauga, ON – 27 June 2017
It was a very results-driven atmosphere, with high pressure to hit the numbers every month. Management varied through the year, with different styles displayed and their Human Resources Dep. are the worst when it comes to resolving conflicts. boo
Financial Advisor (Former Employee) – Saskatchewan – 16 May 2017
During the screening process, expect to evaluated by an archaic and outdated automated system. Expect to be pressured into doing and saying whatever it takes to gain new clients or you can expect your job security to be nil. It's cold calling and portraying yourself as more than you are. Edward Jones doesn't want financial advisors, they want door to door carpet salesmen with degrees, that they can pay less than the degree is worth.
Long hours, really bad pay and a company that feels ethically challenged.
Great place to build a small business/professional financial practice
FINANCIAL ADVISOR (Current Employee) – Calgary, AB – 9 May 2017
The best I can say about Edward Jones is its client-centric culture and advisor-focused team environment. It provides advisors with great technical support to serve clients well. At the same time, advisors have extensive autonomy as to how he or she would like to build the practice in the branch office.
Individual Branch Office and Client-centric philosophy
Long hours of work in the initial three to five years
Great in Career Development; Bad in Work/Life Balance
Financial Advisor (Former Employee) – Toronto, ON – 25 April 2017
You are promised by the senior management to become a superstar in your advisory services career due to one main cause - you have to be able to work extremely long hours in the beginning. I would not mind long working hours if I don't have my 3 years old. When you don't mind long working hours, it is the right place to burn your time for a rewarding career.
Financial Advisor (Former Employee) – Newmarket, ON – 2 April 2017
High pressured position with continuing education required. If you don't pass the required education your job is eliminated immediately. You work 7 days a week and are expected to make a minimum of 25 follow up cold calls per day as well as look after your client appointments. You are expected to do your courses while you run your branch. Make sure you know what your a getting into before you leave a current employer. There is no work life balance. This company has absolutely No empathy for their employees.
Administration Assistant (Former Employee) – Spruce Grove, AB – 28 February 2017
I worked for an advisor and senior BOA for 6 months and hated it, the senior BOA would not train me and told me to do online tutorials.... kind of hard when the customer is right in front of you and I have no idea how to process his request.
The pay was horrible and the bonus was very misleading.
Financial Advisor (Former Employee) – Calgary, AB – 14 October 2016
is a great place to work - apart from your day-to-day tasks you can engage in different groups and projects. It never gets boring. The work you do is rewarding - not only because " but also because management supports you and your career goals and there is also a bonus program in place.
Branch Office Administrator (Current Employee) – Calgary AB – 22 August 2016
The company is made up of (mostly) 2 person offices - an advisor and an administrator. The advisor is the "franchise owner" and the company is "beautifully designed" to favour the advisor over an administrator in all situations.
If you get a great advisor, you will be able to work in a fantastic environment, and feel valued in your role. If you get a bad advisor, your job is in jeopardy at all times, as you can be let go due to any reason the advisor makes up. There is not many opportunities to transfer, as there must be an opening with another advisor to do so. (Read: little job security)
The pay is INCREDIBLY low! Especially for the amount of work that is involved with this administrator position. However, in most cases there is a great deal of personal flexibility, as a trade off.
Unstable conditions, very low pay, may often work alone for extended periods of time