Talent Acquisition at Edward Jones is very competitive and faced paced. We are constantly sourcing talented individuals for the Financial Advisor role within different sectors especially in finance and sales.
I had a malevolent boss who put me down and threatened me and abused me emotionally. He was rude and was never in the office and constantly shamed me for things outside of my control. He was rude to clients too.
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
FINANCIAL ADVISOR (Former Employee) – Toronto, ON – 30 November 2017
Door-to-door sales pitch as a financial advisor. If you can't door-knock, you won't success. Extremely supportive but demanding company culture. Someone will always look over your shoulder, but if you can't make the targeted goals, your business won't last either way.
Financial Advisor (Former Employee) – Barrie, ON – 13 November 2017
If you have to REALLY sell the job to get prospective employees, have ridiculously high turnover of same employees, and have to do the same thing to get and retain clients there is something wrong with your business model. There's also a reason why self directed discount brokerages are taking over - the general public has been screwed over enough by salespeople claiming to be financially literate. Obsolete, foul smell like the used car salesmen of days gone by. Do everyone a favour and stay away from this company and others like it. If you're a client, move your portfolio to either a real independent broker or manage your own money.
Branch Office Administrator (Current Employee) – Edmonton, AB – 12 November 2017
They favor the advisors and not the administrators who basically do all the work.. The job is pretty enjoyable but its the beauracacy that isn't enjoyable I loved meeting the clients and getting to know them
Perfect for the person who thrives on working independently.
Branch Office (Former Employee) – Hamilton, ON – 7 November 2017
At Edward Jones, you work as part of a team in a 2 person branch office, providing a variety of administrative support tasks to a Financial Advisor. The culture is relaxed and informal, but professional. You must enjoy working alone, and possess the initiative and confidence to proceed with tasks independently. The opportunity is there to be eligible for Branch Office bonuses.
Financial Advisor (Former Employee) – Toronto, ON – 23 October 2017
As a company run by financial advisers with an almost religious reverence to past general partners, it takes some getting used to. Millennials will not fit in unless they like to "do it the way we have always done it".
Hard work as you go door to door in your neighbourhood.
lots of encouragement during training
long hours, minimal benefits, old school mentality, leaders
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