Edward Jones Principal Annual Salaries | CareerBliss (2024)

FAQs

How much does Ken Cella make? ›

Kenneth Cella, Jr., head of branch development, took home $19.3 million, a 4.5% increase from $18.5.

Principal salary in India ranges between ₹ 2.6 Lakhs to ₹ 50.0 Lakhs with an average annual salary of ₹ 19.9 Lakhs. Salary estimates are based on 8.2k latest salaries received from Principals.

The estimated total pay range for a Financial Advisor at Edward Jones is $130K–$240K per year, which includes base salary and additional pay. The average Financial Advisor base salary at Edward Jones is $86K per year.

The CEO's compensation increased to $25.1 million last year, including $24.8 million in income allocated to partners. Edward Jones CEO Penny Pennington landed a 17% pay increase in 2023 as the parent company reported income before allocation to partners of $1.6 billion last year, a 15% increase over 2022.

1 in national survey of financial advisors.

Salary and Job Outlook

The top 10% in this field earned more than $208,000, while the lowest 10% earned less than $44,100. 1 Financial advisors are also likely to earn bonuses, which are not included in these figures. The BLS reported that there were 275,200 jobs in this field in 2020.

Top 50 Highest Paying States for Principal Jobs in the U.S.

Topping the list is Wisconsin, with Alaska and Massachusetts close behind in second and third.

Scope – While principals oversee operations at individual schools, superintendents are responsible for entire districts (multiple schools and facilities). Being higher in the chain of command, superintendents have purview over significantly more students and staff.

A Principal in your area makes on average $9,391 per month, or $275 (30.148%) more than the national average monthly salary of $9,116.

We help you secure your financial future with a compensation program that rewards you based on the success of the firm – and your individual performance. Our firm trimester bonus program is flexible.

What is Edward Jones commission structure? ›

Edward Jones Select Account

Commissions and sales charges when you buy and sell investments, generally ranging from 0.75% to 5.75%, which may be lower and vary based on the type and amount of the investment you trade.

We structure all bonus opportunities to be paid as you earn them on a trimester basis – so you can get rewarded for your hard work sooner and reach your full potential faster. Trimester profitability bonuses – You may earn trimester bonuses, based on the profitability of the firm and your individual branch office.

Your financial advisor generally receives between 36% and 40% of the compensation Edward Jones receives from asset-based fees, transactional revenue, ongoing 12b-1 fees, trail commissions and revenue from premiums generated by activity in your financial advisor's clients' accounts.

The average General Partner base salary at Edward Jones is $229K per year. The average additional pay is $134K per year, which could include cash bonus, stock, commission, profit sharing or tips.

When we do business with you, the firm and our financial advisors benefit from fees, commissions and other payments from you and our investment providers. These financial incentives may create a conflict between Edward Jones' interest, your financial advisor's interest, and your own.

In May 2023, Financial Planning listed Edward Jones as the number one firm for Best Advisor Pay for $2M, $1M and $600K producers and second for the $400K producer.

Managing Partner Penny Pennington, who has led the firm since 2014, saw her total compensation rise to $25.1 million for 2023 from $21.4 million for the prior year.

Penny Pennington serves as the CEO / President of Edward Jones.