How does Edward Jones compared to Fidelity?
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Edward Jones vs Fidelity Investments.
| 47% | Promoters |
|---|---|
| 12% | Passive |
| 41% | Detractors |
Edward Jones competitors include True Link Financial, BlackRock, Northern Trust, Goldman Sachs and Transamerica. Edward Jones ranks 1st in Gender Score on Comparably vs its competitors.
Mutual funds: Fidelity has a strong reputation for its mutual funds: The broker scores well across every funds category with a large selection of no-transaction-fee funds, including its Fidelity Zero index funds, which have no expense ratio and no minimum investment requirement.
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Overall Rating.
| Overall Rating | 3.9 | 3.8 |
|---|---|---|
| Work/life balance | 3.9 | 3.7 |
| Compensation and benefits | 3.8 | 3.5 |
| Job security and advancement | 3.5 | 3.2 |
| Management | 3.5 | 3.4 |
Is It Worth It? There's no question that Edward Jones charges some hefty fees. But again, it offers an experience that you can't get at every firm. If you prefer working with a single advisor who can build a long-term, in-person relationship with you, EJ could be worth considering.
"Edward Jones Ranks Highest in Investor Satisfaction, According to J.D. Power 2021 U.S. Full-Service Investor Satisfaction Study."
| 2021 RANK | FIRM | 2019 RANK |
|---|---|---|
| 1 | Dana Investment Advisors | 3 |
| 2 | Salem Investment Counselors | 1 |
| 3 | NewSouth Capital Management | 6 |
| 4 | Check Capital Management | 52 |
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Fidelity review. Fees.
| Pros | Cons |
|---|---|
| • Free stock and ETF trading | • High fees for non-free mutual funds |
| • Low bond fees | • High margin rates |
| • No inactivity fee |
Pros Explained
Low costs: Fidelity has very low costs. They offer free stock and ETF trading, and have eliminated most account fees, such as transfers, account closing, and wire and check fees. Options result in a $0.65 fee per contact traded.
The good news is that the bait — Fidelity Zero Total Market Index Fund and Fidelity Zero International Index Fund — is as advertised: There are no hidden fees, and costs are not simply waived temporarily.
What percentage does Edward Jones charge?
The Program Fee is 1.35% and the Portfolio Strategy Fee begins at 0.19%. These fees are tiered so additional invested assets are subject to lower fees.
Financial advisors at Edward Jones are primarily compensated on a straight commission basis. They get paid by selling customers financial products that generate commission revenue to the firm and themselves. Most financial advisors in the broker-dealer industry are paid on a roughly similar model.
Jack Bogle founded Vanguard in 1975, and the company is client owned and operated at cost. This makes Vanguard unique from every other investment firm out there. Edward Jones on the other hand, is a privately owned company. The owners (shareholders) of Edward Jones expect a return on their investment.
The Court allowed both theories to proceed. It is important to point out that the Court found Edward Jones to be a fiduciary as a matter of law. That is, the evidence supporting the broker's fiduciary status was "so powerful that no reasonable jury would be free to disbelieve it…
There is no minimum investment amount for the Edward Jones Money Market Fund ("Fund").
It's important for investors to have realistic expectations about what type of return they'll see. A good return on investment is generally considered to be about 7% per year. This is the barometer that investors often use based off the historical average return of the S&P 500 after adjusting for inflation.
| Rank | Company | Trust Rating |
|---|---|---|
| 1 | USAA | 91.1 |
| 2 | USAA | 90.1 |
| 3 | Vanguard Brokerage | 89.8 |
| 4 | Charles Schwab | 88.6 |
- Ted Oberg. AMS® Dallas, PA.
- Jordan Husted. CFP®, AAMS® Great Falls, MT.
- Brooke Donley Behrens. CFA. Olathe, KS.
- Michael Bishop. AAMS® Redmond, OR.
- Leo E Priemer. CFP®, AAMS® South Bend, IN.
Fidelity will assume a "point-in-time" fiduciary role for employers by providing guidance on the most suitable investment options for their plans. As a "point-in-time" fiduciary, the firm will provide an initial recommendation but no ongoing monitoring – that will be the responsibility of plan sponsors.
Competitors to Edward Jones are Vanguard, Fidelity Investments, Schwab, Morgan Stanley, Wells Fargo, Merrill Lynch, Raymond James, Franklin Templeton, TD Ameritrade, E*TRADE.
How does Edward Jones compare to Morgan Stanley?
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Overall Rating.
| Overall Rating | 3.8 | 3.8 |
|---|---|---|
| Work/life balance | 3.7 | 3.7 |
| Compensation and benefits | 3.5 | 3.6 |
| Job security and advancement | 3.2 | 3.3 |
| Management | 3.4 | 3.4 |
BlackRock is the largest investment company in the world, accounting for over 21.6% of all investable assets managed among the top 10 largest investment companies in 2022.
Employee Ratings. Edward Jones scored higher in 7 areas: Overall Rating, Work-life balance, Senior Management, Culture & Values, CEO Approval, % Recommend to a friend and Positive Business Outlook. Fisher Investments scored higher in 2 areas: Career Opportunities and Compensation & Benefits.
The Program Fee is 1.35% and the Portfolio Strategy Fee begins at 0.19%. These fees are tiered so additional invested assets are subject to lower fees.
Fees and expenses
Edward Jones does not charge commissions or fees on the purchase or sale of money market mutual funds. However, additional fees, such as minimum balance fees, may apply. Investment Share class - $3 each month the balance is below $2,500.
Is Edward Jones a Fiduciary? Edward Jones does not serve as a fiduciary except for at the Plan level of retirement plans. This means that their advisors aren't legally required to put their clients' needs ahead of their own.
