Why are advisors leaving Edward Jones?
And, for these reasons and more, Jones' advisors are leaving for firms that move the needle significantly—and give them the opportunity to access more modern technology and a broader platform and, for those with entrepreneurial DNA, to own their own firms.
| Job Title | Salary |
|---|---|
| Edward Jones Edward Jones Financial Advisor salaries - 60 salaries reported | $55,220/yr |
| Edward Jones Edward Jones Financial Advisor salaries - 5 salaries reported | $17/hr |
| Amazon Edward Jones Financial Advisor salaries - 1 salaries reported | $108,660/yr |
Simply call your financial advisor or transfer funds online through Online Access, and the transaction usually settles in one business day. Fees may apply. You save on postage, gas, checks and time.
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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 |
Some of the products Edward Jones sells come with high fees, such as life insurance and annuities. But that will be true at any other firm for those same financial products. EJ says that 36% to 40% of these commissions go straight to the advisor.
"Edward Jones Ranks Highest in Investor Satisfaction, According to J.D. Power 2021 U.S. Full-Service Investor Satisfaction Study."
All you have to do is fill out a request via their site. Provide your information from Edward Jones. If Edward Jones decides to charge you for leaving their firm, Fidelity will cover your ACAT transfer fee.
| 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 |
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.
Edward Jones Principals earn $76,000 annually, or $37 per hour, which is 37% lower than the national average for all Principals at $111,000 annually and 14% higher than the national salary average for all working Americans.
How much do Edward Jones general partners make?
Edward Jones Salary FAQs
The average salary for a General Partner is $161,186 per year in United States, which is 44% lower than the average Edward Jones salary of $289,644 per year for this job.
Average Charles Schwab Financial Advisor yearly pay in the United States is approximately $60,885, which is 16% below the national average.
