How much does a Top Edward Jones advisor make?
| Job Title | Salary |
|---|---|
| Edward Jones Edward Jones Financial Advisor salaries - 66 salaries reported | $74,437/yr |
| H&R Block Edward Jones Financial Advisor salaries - 1 salaries reported | $68,572/yr |
| Charles Schwab Edward Jones Financial Advisor salaries - 1 salaries reported | $86,076/yr |
Accordingly, the typical compensation for Service or Lead advisors with 12 years of experience is around $116,000/year. But overall, the top tier of Lead Advisors earn a whopping $250,000 or more, with a heavy component of incentive compensation.
| Rank | Firm | Executive |
|---|---|---|
| 1 | Chevy Chase Trust Company | Peter Welber, President & CEO |
| 2 | Hightower Advisors, LLC | Elliot Weissbluth, Founder & CEO |
| 3 | Creative Planning | Peter Mallouk, President |
| 4 | Oxford Financial Group, LTD | Jeffrey Thomasson, CEO |
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.
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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 | 3.4 | 3.2 |
| Management | 3.5 | 3.4 |
Top yearly base compensation at regional broker-dealers and wirehouses ranges from $140,000 for financial advisors at UBS whose 2017 production will be $400,000, to $1,105,000 for Raymond James & Associates financial advisors whose production this year hits $2 million, according to a new survey by the publication On ...
By contrast, the average advisor at a broker-dealer has 118 ongoing client relationships, plus 18 one-time clients, and an average of 31 dormant clients.
| Rank | Metro Area | 2018 Average Salary |
|---|---|---|
| 1 | Gainesville | $215,840 |
| 2 | Santa Fe | $193,670 |
| 3 | Montgomery | $187,150 |
| 4 | North Port-Sarasota-Bradenton | $182,700 |
A financial advisor can give valuable insight into what you should be doing with your money to reach your financial goals. But they don't offer their advice for free. The typical advisor charges clients 1% of the assets that they manage. However, rates typically decrease the more money you invest with them.
J.D. Power, the data analytics company, ranked Edward Jones the highest in investor satisfaction with full-service brokerage firms in 2021. 2 Edward Jones also ranked the highest in 2002, 2005-2007, 2009, 2010, 2012, and tied in 2015.
What company has best financial advisors?
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More from FA 100:
| 2021 RANK | 1 |
|---|---|
| FIRM | Dana Investment Advisors |
| TOTAL AUM | $7.3B |
| YEARS IN THE BUSINESS | 41 |
| ACCOUNTS UNDER MANAGEMENT | 1,163 |
Edward Jones Salary FAQs
The average salary for a General Partner is $161,089 per year in United States, which is 44% lower than the average Edward Jones salary of $289,644 per year for this job.
Many financial advisors get paid a base salary plus any performance-based bonuses they may have earned that year.
| Edward Jones Details | |
|---|---|
| Trade Transaction Fee | $4.95 |
| Trade Commissions | Up to 2.50% |
| Management Fee | 0.50% to 1.35% |
| Account Type | Roth, Traditional, SEP, SIMPLE, 529, Taxable |
Edward Jones also ranked as a Best Workplace for Millennials, a Best Workplace for Parents and a Best Workplace for Women in 2020, and a Best Workplace in the Financial Services and Insurance industry in 2021 by Great Place to Work® and FORTUNE.
