Perfect place to grow a practice
Financial Advisor (Current Employee) – Victoria, BC – 3 January 2018
If you want to start an investment management practice there is no better place than Edward Jones. Is it hard work? Of course it's hard work! But the perks of success are worth the effort if you can make it through the first 3 or 4 years. The good thing is now they pay a salary for the first four years because they know attrition is highest at this time. What are the perks? Once you get to $12-15M (will take 3-4 years) under management you will make approximately $50k a year. If you can get to this point you will start a snowball effect where your existing clients contribute to accounts and start to refer you business. So within 3 more years you will likely have a 6 figure salary. From there the sky is the limit. Most advisors that succeed with EJ make well over $100,000 and work 40-45 weeks a year. You create your own schedule, even in the early years, so if you have kids it's awesome! They send you on 5 star vacations twice a year if you bring in an achievable amount of assets. Like I said, it's not easy. But if you have the grit and desire, your quality of life after the first several years will be almost unmatched.
Support, Early salary, Potential for unbelievable quality of life
Hard work in early years