Is Charles Schwab better than Edward Jones?
...
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 |
Competitors to Edward Jones are Vanguard, Fidelity Investments, Schwab, Morgan Stanley, Wells Fargo, Merrill Lynch, Raymond James, Franklin Templeton, TD Ameritrade, E*TRADE.
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.
| Job Title | Salary |
|---|---|
| Edward Jones Edward Jones Financial Advisor salaries - 67 salaries reported | $74,524/yr |
| Charles Schwab Edward Jones Financial Advisor salaries - 1 salaries reported | $83,073/yr |
| H&R Block Edward Jones Financial Advisor salaries - 1 salaries reported | $68,449/yr |
| 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 |
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.
...
Edward Jones vs Fidelity Investments.
| 47% | Promoters |
|---|---|
| 12% | Passive |
| 41% | Detractors |
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.
What is a good personal rate of return?
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.
Edward Jones is not fiduciary investment advisors. Meaning, they're not legally obligated to act in the best interests of the clients. Some of the financial advisors at Edward Jones are registered as both brokers and investment advisors.
The set up costs and maintenance fees for Schwab are $2250 and $1750, however for E jones they are $750 and $1450 respectively.
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.
Charles Schwab has agreed to pay $187 million to settle an investigation by the Securities and Exchange Commission (SEC) that alleged hidden fees were charged by the firm's robo-advisor product Schwab Intelligent Portfolios (SIP).
...
Edward Jones vs Fidelity Investments.
| 47% | Promoters |
|---|---|
| 12% | Passive |
| 41% | Detractors |
