Edward Jones
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Edward Jones Employee Reviews

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4.0
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Door Knocking Job
The main metric of success when you're starting out is door-knocking. If you don't door knock, it is tough to get started.

A typical work day at the beginning includes 6 hours of door knocking, and +3 hours of appointments. Then it sways the otherway, 6 hours of appointments and +3 hours of door knocking.
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1.0
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Your job is to make money for the partners in this firm
If a customer makes an investment (which is the only way that you make money, there is no salary) the firm will be paid between 1-3% of the total amount invested. Within a couple of years you will be expected to make $60,000 or more in commissions every month to keep your job. Do the math, it's an insane number for a dying industry. You will receive 40%of that amount, less any taxes and benefits.

You will be responsible for everything at the branch level and they will be responsible for nothing. Every Jones broker is fighting to keep their job with the firm. The business model is to use employees as prospecting tools for assets to be invested. When you quit (which you will, eventually, don't kid yourself) the clients are theirs. Not yours.


The"diversification rips" that they love to tout are "earned" with a staggering amount production of their customers money going to Jones so that they can reward you with a fund company kickback (no other way to describe it) so that you can then be marketed to by them in some exotic location. Please buy our fund/insurance etc. At tax time each one will cost you a lot.


When I finally quit I was on the brink of financial ruin, my health was horrible and my wife was ready to take the kids and leave


5 years later we have finally recovered from the catastrophe that was Edward Jones.


If you are a good sales person, find a real company that makes real money that they can pay you for your talents with. Don't work for a company that doesn't care if your family starves to death or not.
Pros
Sales Training
Cons
Everything else
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1.0
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Slave to your FA
As a Business Office Administrator, BOA, you work in a small office branch and report to your FA. Although you are trained to believe that you a valued in Edward Jones, HR only cares about the FA. If the FA makes IIROC violations or other violations, and you report your FA to your HR or compliance department, they will do everything to protect the FA. In the end, you would have only damaged your relationship with the FA, who can have HR fire you easily.

There is a high turnover rate for BOAs. Most that stay are older women with no higher education, are scared to speak up for themselves, and need the money to pay the bills.


Edward Jones salary increases are non existent practically. They do not increase for inflation every year, except this year where they increased our salary's by 2%. As for annual review increases, it is entirely up to the FA to rate you. There is no Edward Jones standard of what is meeting, exceeding or outstanding performance. It is up to the FA to decide, and even if they decide to give you outstanding the most raise you can receive is 3%.


If your branch is profitable, which in Toronto typically requires 30k gross revenue income, then the branch is eligible to profit sharing. Again, it is up to the FA to decide how much if any of that profit is allocated to the BOA.


Training is pitiful. You will maybe get 1 day working with an actual BOA. They will make you look at lots and lots of basic slides and answer 5-6 question multiple choice questions. Most of your training will come from calling home office and asking how it is done, and they will
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5.0
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Great Career but you need to work hard.
Team environment, company has a great culture.
Small office environment. You are your own manager.

work hard and the rewards are very beneficial to your career.
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3.0
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It is an different type of financial services office with some good and some negative qualities.
They offer a convenient location across Canada in your community. They offer access to many products but not all products. They would be similar to the banks.
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5.0
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A wonderful Company to work in
A very professional and fast paced environment to work in. A lot of support provided if needed. A lot of opportunity to move ahead with in the company.
Pros
lunches and get together's
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3.0
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this is not a job this is a business opp
you are starting a business not getting a job. they ease you into it but if you cannot keep up with the physical (days of walking) and have a marketing plan (who you will target) or have an ethnic group that you can work with, then it will not work out. Financial advising is much more about constantly selling as opposed to actual advising. You ultimately have to Kill to eat.
Pros
good small business startup process
Cons
long hours, and ultimately on your own'ish
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3.0
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Independent Work Environment
This position requires an individual that is capable of working alone. You will be in an office with only you and the Financial Advisor, and 70% off the times the advisor will be at meetings or looking for prospects.
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4.0
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Great company
Unfortunately the competitive nature of the business meant that it didn't work out for me but that is not the fault of the company. Yes I would recommend this company.
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4.0
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Good supportive culture
This job is not for everyone. You begin your career with going door to door to build up your base of clients. Prospecting is a major portion of your work in the early years. If you do not think you will like this, do not apply. There is only a 20% survival rate amongst FAs.

The company is very supportive and they want you to succeed. They do not micromanage you unless you are not doing well. They provide lots of training and you can call any FA in the company for help.


They provide incentive trips and bonuses if you do well. They also provide you with your own office with an assistant if you are able to open a certain number of accounts in your first year.


They provide health benefits that are ok but they are not as good as those in other industries but if you do well, you will make significant income.
Pros
Good supportive culture
Cons
Long hours in the early years
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5.0
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Great company culture
amazing place to work with an amazing company culture. everyone wants you to succeed and will give you all the training and the support you need to be the best possible FA
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4.0
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Good work life balance
Good Culture and job security. Freindly environment, good job sercurity and environment. Good benefits. Slow growth in role. Decent bonuses. Much of leadership outsourced to US.
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3.0
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Traditional culture
good culture and development for sales force. for home office the company needs to invest to ensure that talent can be retained and developed for success
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4.0
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Great Training program
It was a great place to learn the financial business. Great training program to get you all set up prepared and licsenced. The day to day was a grind starting your own business in the field. Long day, lots of phone calls and activity. Can wear on you if you are not finding consistent success. Very rewarding when you do. A tough but rewarding job. Need to be able to handle the day to day swings of the position.
Pros
Meeting new people and helping them grow
Cons
Late Nights and Weekend work with clients
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5.0
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Self-motivating orientated workplace
I enjoyed working at Edward Jones as it was a highly fast faced role which required a ton of self-motivation to keep going. Would recommend for individuals looking to build their own business, building long term relationship with clients and looking for flexibility with work life balance.
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4.0
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Good place to work
A little tough though. Enviroment is friendly but the work pace is a little hard. Especially when your getting your foot in the door as a new advisor.
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2.0
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Good if you are entering the financial industry and need training
Workplace culture is poor. Edward Jones FA trainers encourage FAs to let Experienced Branch administrators who do all the work with the clients to let them go when they get too expensive to help their bottom line.

The Branch Manager/ Client service/ administrators are paid low salaries.
Pros
Work/ life balance
Cons
Low salary, poor culture, can’t get coverage for vacations
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4.0
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Great Employer
Edward Jones is ranked among top 25 employer in Canada. They invest in people to educate them and support them to establish a career as FA and BOA's.
I have had a good experience with the firm.
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5.0
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Great company to work for, lots of support and great working environment
overall one of the best companies I have ever had a chance to work for. Tried the financial advisor role, although I was not successful, I greatly appreciate the experience and opportunity, would recommend Jones to anyone with a strong work ethic and drive. This will be most likely the hardest job you will ever have, but very fulfilling.
Pros
flexibility, support
Cons
long hours, self management
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3.0
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great training
great training but lonely job. not for everyone. the company has its own methodology that's been around for almost 100 years and it may be outdated. still a great company though,.
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4.0
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Long career
Working for the head office was a pleasant experience. The team members were caring, just a committed wonderful group.
The branch offices, success generally rely on the FA.

There is plenty of room to move around.
Pros
Stable
Cons
Bordem
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Overall rating
3.8
Based on 1,651 reviews
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Ratings by category
3.7
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3.5
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3.2
Job Security/Advancement
3.4
Management
3.7
Culture