Is Fidelity Investments better than Edward Jones?
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Edward Jones vs Fidelity Investments.
| 46% | Promoters |
|---|---|
| 13% | 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.
Fidelity Investments competitors include Edward Jones, BlackRock, TIAA, UBS and Charles Schwab. Fidelity Investments ranks 1st in CEO Score on Comparably vs its competitors.
| Rank | Company | Assets under Management (USD trillions) |
|---|---|---|
| 1 | BlackRock | USD 7.43 trillion |
| 2 | The Vanguard Group | USD 6.2 trillion |
| 3 | Charles Schwab Corporation | USD 3.3 trillion |
| 4 | UBS Group | USD 3.26 trillion |
StockBrokers.com 2022 Online Broker Review, January 2022: Fidelity was ranked No. 1 overall out of 15 online brokers evaluated in the StockBrokers.com 2022 Online Broker Review.
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.
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.
Fidelity and Vanguard both do a good job keeping costs fairly low, but Fidelity has a slight edge overall. Both brokers charge zero commission for stock and ETF trades, but Fidelity charges $0.65 per contract on options trades, while Vanguard charges $1 per contract for customers with less than $1 million in assets.
After testing 15 of the best online brokers over six months, Fidelity (95.57%) is better than Charles Schwab (89.63%). Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services.
Fidelity was voted the most trusted wealth management company for 2020 by the readers of Investor's Business Daily,6 earning top rankings for "protecting privacy and security, quality of products and services, customer service, and customer treatment."
Which financial advisor company is best?
| 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 |
The following five financial advisory firms operate with more than $1 trillion in total assets under management (AUM): BlackRock, Vanguard, Fidelity, State Street Global Advisors, and J.P Morgan Asset Management.
| 2022 Rank | 2021 Rank | Advisor |
|---|---|---|
| 1 | N | Gregory Vaughan |
| 2 | 1 | Lyon Polk |
| 3 | 2 | Mark T. Curtis |
| 4 | 3 | Brian Pfeifler |
Fidelity is a US stockbroker founded in 1946. It is regulated by top-tier authorities like the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Fidelity is considered safe because it has a long track record and is regulated by top-tier financial authorities.
Fidelity has ranked highly in our Best for Low Cost category every year. It offers commission-free online U.S. stock, ETF, and options trading—and there are no account fees or minimums to open a retail brokerage account.
Fidelity Balanced Fund (FBALX) While no mutual fund is risk-free, one of the safest Fidelity mutual funds is this balanced fund. About 60% of its holdings are in stocks, with the rest in bonds and other debt securities.
Competitors to Edward Jones are Vanguard, Fidelity Investments, Schwab, Morgan Stanley, Wells Fargo, Merrill Lynch, Raymond James, Franklin Templeton, TD Ameritrade, E*TRADE.
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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 |
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Edward Jones vs Raymond James Financial.
| 62% | Promoters |
|---|---|
| 24% | Detractors |
| 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 |
What is the success rate of an Edward Jones financial advisor?
The success rate for an advisor in the Goodknight plan (the firm started 636 Goodknight partnerships last year) is about 80 percent compared to about half that when advisors start from scratch at the firm.
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.
