Is Edward Jones a good place to invest money?

How much money do you need to invest with Edward Jones?

Extensive fund choices

Mutual funds and ETFs hold many investments inside of them, providing diversification within your portfolio. The initial investment minimum to open an account is $5,000.

Is Edward Jones a reputable investment company?

J.D. Power, the data analytics company, ranked Edward Jones the highest in investor satisfaction with full-service brokerage firms in 2019. 11 Edward Jones also ranked the highest in 2002, 2005-2007, 2009, 2010, 2012, and tied in 2015.

Does Edward Jones have hidden fees?

Hidden investment fees are not uncommon, as I learned with my Fidelity 401(k), but Edward Jones ups the ante. Let me present to you the five most common ways you’re getting screwed by Edward Jones broker fees. Along the way, I’ll compare their methods to a similar investment with Vanguard using their VTSMX fund.

What is the average rate of return at Edward Jones?

Returns for different portfolio objectives

Our expectations are for fixed-income returns to average 3% to 4.25%. Therefore, if your portfolio objective is balanced growth and income, for example, you can expect a long-term average return between 4.5% and 6.5%.

IMPORTANT:  What happens to dividends in a reverse stock split?

Is Raymond James better than Edward Jones?

Employee Ratings

Raymond James Financial scored higher in 4 areas: Overall Rating, Career Opportunities, % Recommend to a friend and Positive Business Outlook. Edward Jones scored higher in 5 areas: Compensation & Benefits, Work-life balance, Senior Management, Culture & Values and CEO Approval.

Who is the best investment firm?

The rankings here reflect the top 10 investment management firms by assets and net income.

  • UBS Wealth Management. …
  • Credit Suisse. …
  • Morgan Stanley Wealth Management. …
  • Bank of America Global Wealth & Investment Management. …
  • J.P. Morgan Private Bank. …
  • Goldman Sachs. …
  • Charles Schwab. …
  • Citi Private Bank.

Who is the best financial advisor company?

Find an Advisor Near You

Rank Financial Advisor
1 Fisher Investments Find an Advisor Read Review
2 CAPTRUST Find an Advisor Read Review
3 Wealth Enhancement Advisory Services, LLC Find an Advisor Read Review
4 Mesirow Financial Investment Management, Inc. Find an Advisor Read Review

Can I buy individual stocks through Edward Jones?

You can choose to own stocks in a number of ways: individual stocks, mutual funds and exchange-traded funds (ETFs). … In addition, for any 10-year period invested, stocks outperformed bonds and inflation more than 80% of the time.

How do Edward Jones advisors make money?

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.

Who is the best retirement investment company?

If you’re looking to maximize your retirement savings, here are several of the best Roth IRA accounts to consider:

  • Charles Schwab. …
  • Wealthfront. …
  • Betterment. …
  • Fidelity Investments. …
  • Interactive Brokers. …
  • Fundrise. …
  • Schwab Intelligent Portfolios. …
  • Vanguard.
IMPORTANT:  Are dividends taxed as capital gains?

Who are Edward Jones competitors?

Competitors to Edward Jones are Vanguard, Fidelity Investments, Schwab, Morgan Stanley, Wells Fargo, Merrill Lynch, Raymond James, Franklin Templeton, TD Ameritrade, E*TRADE.

Investments are simple