Is Investing with Edward Jones a good idea?

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.

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.

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.

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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.

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 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

Is my money safe at Edward Jones?

Account protection (SIPC)

Edward Jones provides account protection for your securities, except annuities and insurance, held in your brokerage account. The Securities Investor Protection Corporation (SIPC) provides $500,000 of coverage for missing securities, including $250,000 for claims of cash awaiting reinvestment.

How long is Edward Jones training?

Over the course of 10 weeks, you’ll learn a lot about the financial services industry, the firm and about yourself. We do things differently here at Edward Jones, and that includes how we train and support interns. Interns are provided a Program Advisor (PA).

Do you need a degree to work at Edward Jones?

Due to the competitive nature of the financial services industry, employment hunters looking to submit applications for Edward Jones jobs must possess four-year degrees or internships with similar institutions in order to qualify.

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Investments are simple