Is Edward Jones a good investment firm?

How does Edward Jones rank among investment firms?

J.D. Power today released its 2021 rankings of full-service investment firms, with Edward Jones topping the rankings with an overall customer satisfaction index score of 770 (on a 1,000-point scale), 10 points better than second-ranked Stifel.

Can you make money with Edward Jones?

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.

How much money do I need to start with Edward Jones?

The initial investment minimum to open an account is $5,000.

What is the average return from Edward Jones?

We expect average returns for diversified U.S. equities to range from 5.5% to 7.5% and average returns for diversified international equities to be in the range of 7% to 9% over the long term. Our expectations are for fixed-income returns to average 3% to 4.25%.

Is ameriprise better than Edward Jones?

Edward Jones scored higher in 7 areas: Overall Rating, Career Opportunities, Compensation & Benefits, Work-life balance, Senior Management, Culture & Values and CEO Approval. Ameriprise scored higher in 1 area: Positive Business Outlook. Both tied in 1 area: % Recommend to a friend.

IT IS INTERESTING:  Question: What is dividend irrelevance view what are the assumptions of Modigliani and Miller?

Is working for Edward Jones worth it?

94% of employees at Edward Jones say it is a great place to work compared to 59% of employees at a typical U.S.-based company. Our customers would rate the service we deliver as “excellent.”

How much commission does an Edward Jones financial advisor make?

Your financial advisor generally receives between 36% and 40% of the revenue Edward Jones receives from asset- based fees, transactional revenue, ongoing 12b-1 fees, trail commissions, and revenue from premiums generated by activity in your accounts.

Does Edward Jones require a minimum investment?

Edward Jones Guided Solutions® is a client-directed advisory program designed to provide the client with ongoing investment advice, guidance and services for an asset-based fee. … There is no minimum investment for a Select Account; however, some investments in Select Accounts require minimum purchase amounts.

What is the average account balance at Edward Jones?

Edward Jones, for instance, has built its business on people of modest means: Its average account size is $90,000. To be sure, a couple of advisor categories have sizable average account totals. Large RIA firms tend to oversee high-end accounts, averaging $1.29 million.

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.