Edward Jones is a subsidiary of The Jones Financial Companies, L.L.L.P., a limited liability limited partnership owned only by its employees and retired employees and is not publicly traded.
Is Edward Jones a good investment firm?
The one downfall about Edward Jones is the fees. However, if you can get past that, they are actually a pretty solid investment firm, offering a unique experience with real human advisors. For those that like to invest with people and get their questions answered, Edward Jones is a solid choice.
Is Edward Jones a limited partnership?
Unless expressly stated, or the context otherwise requires, the terms “Registrant” and “Partnership” refer to JFC and all of its consolidated subsidiaries. The Partnership’s principal operating subsidiary, Edward D. Jones & Co., L.P. (“Edward Jones”), was organized in February 1941 and reorganized as a limited partnership in May 1969.
Is Edward Jones an investment company?
Since 1922, Edward Jones has been in the business of helping individuals and companies invest their money wisely. Throughout the years, they’ve served more than 7 million clients around the United States and Canada, making them one of the longest-running investment firms around.
What exactly does Edward Jones do?
Edward Jones is a full-service firm founded in 1922. It takes a personal approach to investing by placing advisors in many areas around the U.S. It provides investment advice and help with retirement planning. 1 The firm built its seven-million-strong clientele by placing locations all around the U.S. and Canada.
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Is Edward Jones privately owned?
As a privately-owned company, Edward Jones has a very personal feel that's almost like family. Out of our partnership structure grows a spirit of collaboration. We have a shared focused on doing what's best for our clients, our communities and one another.
How much does it cost to start 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.
Who is Edward Jones owned by?
The Jones Financial CompaniesEdward Jones is a subsidiary of The Jones Financial Companies, L.L.L.P., a limited liability limited partnership owned only by its employees and retired employees and is not publicly traded.
What kind of company is Edward Jones?
financial services firmNow a Fortune 500 firm, Edward Jones is the largest U.S. financial services firm in number of financial advisors, consistently ranked a best place to work.
Is Edward Jones worth the money?
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.
How does an Edward Jones advisor get paid?
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.
Is Edward Jones losing financial advisors?
Edward Jones is losing far fewer financial advisors from its ranks than previous quarters, but the company's hiring isn't keeping up with its attrition.
How does Edward Jones rank as a financial advisor?
J.D. Power, the data analytics company, ranked Edward Jones the highest in investor satisfaction with full-service brokerage firms in 2021. Edward Jones also ranked the highest in 2002, 2005-2007, 2009, 2010, 2012, and tied in 2015.
Is Edward Jones trustworthy?
With Edward Jones, your advisor is a reliable, professional contact to help you manage your investments. Passive investing: Some account types permit a very hands-off approach. Established company: Edward Jones has been trading for 100 years. It's much safer than many newer platforms that haven't been tested.
Who is the best investment company?
10 Best Investment Companies to ConsiderVanguard.Fidelity.Charles Schwab.Merrill Lynch.Wealthfront.TD Ameritrade.JP Morgan.BlackRock.More items...
What percentage does Edward Jones take?
Fees Under Edward JonesValue of Assets in AccountAnnual Fee RateFirst $250,0001.35%Next $250,0001.3%Next $500,0001.25%Next $1,500,0001%3 more rows•Jul 27, 2022
Who is 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.
How much percentage does Edward Jones charge?
For its Guided and Advisory accounts, Edward Jones charges an asset-based fee based on how much you have invested with the firm and the services provided. The flat fee is based on a tiered schedule, ranging from 1.35% for your first $250,000 invested down to 1% or less for $1.5 million or more invested.
What does Edward Jones charge to sell?
In addition to a commission, Edward Jones generally charges a $4.95 transaction fee when you buy or sell stock in a Select Account. In the event of a trade correction, Edward Jones acts in a principal capacity.
Which one is better Charles Schwab or Edward Jones?
Charles Schwab is most highly rated for Work/life balance and Edward Jones is most highly rated for Culture....Overall Rating.Overall Rating3.93.8Work/life balance3.93.7Compensation and benefits3.83.5Job security and advancement3.53.2Management3.53.41 more row
What is the average return with Edward Jones?
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%.
What is Edward Jones' philosophy?
Edward Jones is built on the philosophy that those who share in the work should share in the rewards. We won’t sugarcoat it. The first three years of a new financial advisor’s career are the toughest. But here’s where Edward Jones is different.
Is Edward Jones a top training company?
Edward Jones once again has been named a top company for training. The firm ranked No. 19 on Training magazine’s 2021 Training Top 100 list, up six spots from last year in its 21st consecutive year on this prestigious list.
Is Fortune Media a trademark?
Companies to Work For are registered trademarks of Fortune Media IP Limited and are used under license. FORTUNE and Fortune Media IP Limited are not affiliated with, and do not endorse the products or services of, Edward Jones & Co., L.P.
Is Fortune Media IP Limited a registered trademark?
From FORTUNE ©2020 FORTUNE Media IP Limited. All rights reserved. Used under license. FORTUNE and FORTUNE 100 Best Companies to Work For are registered trademarks of Fortune Media IP Limited and are used under license. FORTUNE and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Edward Jones Investments.
What is independent franchise?
Independent franchise business model where personal success and responsibility is up to you. Being part of a privately held multi-international franchise business that doesn't require a large sum of money to obtain. You are independent and represent the ONLY profit center for the partnership (no internal competition).
What is financial advisor?
The Financial Advisor is held responsible and accountable. Performance is rewarded for profitability and service excellence thru the benefits package, profit sharing plan, 401K plan, travel incentives, bonuses, and being invited to become a partner/owner of the firm. Cons.
Can financial advisors leave you isolated?
The autonomy of each Financial Advisor can leave you isolated from the face-to-face sharing of ideas and support with other Financial Advisors unless you reach out and seek for that type of support. Tax structure/deduction for business expenses as an employee are not as good as they could be as an independent advisor.
What is Edward Jones?
Edward Jones offers a consultative, individualized approach to addressing your financial needs, including education savings, retirement planning and insurance.
How to get an Edward Jones account?
Step 1: Schedule a complimentary meeting with an Edward Jones financial advisor to discuss your goals. Step 2: Discuss with your Edward Jones financial advisor which account types and investments are in your best interest. Step 3: Agree on next steps.
What does a financial advisor do?
Your financial advisor helps you select a portfolio model based on your situation, and we invest your account based on the portfolio you select.
What is Edward Jones Select Account?
The Edward Jones Select Account is a transactional (brokerage) account. You pay a commission when you buy and sell certain investments. Some investments, such as mutual funds, may also have internal expenses in addition to a sales charge. There is no minimum investment for a Select Account; however, some investments in Select Accounts require minimum purchase amounts. In an Edward Jones Select Account, you can build your portfolio with a range of investment choices that includes stocks, bonds, CDs, mutual funds, exchange-traded funds (ETFs) and annuities.
How often do financial advisors work with you?
You'll receive monthly statements and have access to online tools, report and notifications. Your financial advisor will work with you at least annually to review your progress.
Can a financial advisor make a yes or no decision?
Your financial advisor may offer education, advice and recommendations, and you make the yes/no decision for buys and sells in alignment with our firm's guidance.
What is Edward Jones?
Founded in 1922, and based in Des Peres, Mo., Edward Jones is a financial services company that focuses its business primarily on individual investors and small businesses. The company is a full-service investment broker, which means that it provides investment management services, much more so than brokerage services for self-directed accounts.
How many investors does Edward Jones have?
The company serves about 7 million investors and has $1.3 trillion in assets under management. With tens of thousands of branch locations throughout the U.S. and Canada, Edward Jones is one of the brokerage firms wi the most offices across the U.S.
What is Edward Jones advisory solutions?
Advisory Solutions. This is comprised of fund models, and you can choose from more than 90 research models containing a variety of mutual funds and ETFs. You can have a brokerage account, in which Edward Jones will provide you with investment recommendations, from which you can make individual selections.
What is a financial advisor?
The financial advisor gets familiar with your financial situation and goals, then builds a customized investment strategy to help you. They construct a portfolio of stocks, bonds and mutual funds that are based on a long-term buy-and-hold strategy. Investment selection strategy.
How many wealth management services does Edward Jones offer?
Edward Jones uses four different wealth management services based on your own needs and preferences:
Where does Kevin Mercadante live?
He has backgrounds in both accounting and the mortgage industry. He lives in Atlanta with his wife and two teenage kids.
Can Edward Jones manage your money?
—Since your money can be professionally managed, you're free to tend to other areas of your life, like your career or business , your family and your personal passions. Edward Jones can handle your entire investment life while you're busy with other things.
What is Edward Jones' slogan?
Edward Jones’ company slogan claims that they are “Making Sense of Investing .” They sell their clients with a friendly spiel of “Hey don’t worry, we’ll figure out all this financial mumbo-jumbo so you don’t have to worry about.” And that’s what they’re doing: selling. Oftentimes, these are sales reps, not financial advisors. They’ll tell you exactly what you want to hear.
Is it uncommon for an advisor to move you into something that has been outperforming the market?
If and when you are invested in a fund that is underperforming the market, as many funds do, it is not uncommon for an advisor at a financial institution to move you into something that has been outperforming the market. What’s wrong with that, you say? Sounds almost like a good strategy. But of course past performance is no guarantee of future results. Your advisor may have just earned a nice commission and has some good news for you: that fund you’re now in is up X% year-to-date. Just don’t check your account statement, or you’ll discover that it’s actually gone X% down in the time that you’ve owned it.
Is Edward Jones expense ratio too high?
More than likely, the expense ratios in your Edward Jones funds are too high. I’m guessing that your broker has probably never had a conversation with you about expense ratios, among many other things he or she has failed to educate you about. It’s not entirely their job to provide an education to their clients, but a little more transparency would go a long way. Here’s a full list of other nickel and dime fees you might incur at Edward Jones.
Is Edward Jones a good broker?
Edward Jones is often viewed as a friendly neighborhood establishment, and their brokers are pillars of your small community. It could be a trusted family friend or distant relative, or maybe someone from an upstanding family in your town. When you sit down and have a look at all the ways in which they’re profiting off of your investments, it can feel like a betrayal. To help smooth out the awkwardness you might feel in switching brokers, they’ll get you one more time on the way out the door with a $95 “total transfer of an account” fee.
Overview
Edward D. Jones & Co., L.P., (since 1995, d.b.a. Edward Jones Investments), simplified as Edward Jones, is a financial services firm headquartered in St. Louis, Missouri, United States. It serves investment clients in the U.S. and Canada, through its branch network of more than 15,000 locations and 19,000 financial advisors. The company currently has relationships with nearly 8 million clients and $1.7 trillion in assets, under management worldwide. The firm focuses solely …
History
Edward Jones was founded by Edward D. Jones in St. Louis, Missouri in 1922. (A different Edward D. Jones was a co-founder of Dow Jones. ) Edward Jones' son Edward D. "Ted" Jones was responsible for the creation of the individual branch network, which has spread across rural communities and suburbs throughout the US and Canada. The first single broker office was opened by Ted, and staff…
Business model
Edward Jones financial advisors offer commission-based and fee-based financial products. Offices are usually staffed by a financial advisor (licensed broker) and one branch office administrator. The branch office administrator acts as an assistant to the financial advisor, filling the roles of a secretary, manager, and co-worker. The one-broker-per-office model allows clients to ch…
Corporate affairs
The company has its corporate headquarters in the City of Des Peres in St. Louis County, Missouri. Adjacent to the company headquarters is the Edward Jones South Campus, located at the intersection of Ballas Road and Manchester Road. The Edward Jones North Campus is located on a zoned plot southeast of the intersection of Interstate 270 and Dorsett Road in the City of Maryland Heights in St. Louis County.
Awards and rankings
J.D. Power and Associates designated Edward Jones Investments as the firm with the "Highest Investor Satisfaction" nine times between the years 2002 and 2019. The Canadian Arm of J.D. Power also designated the firm with "Highest Investor Satisfaction" for nine years between 2006 and 2019.
In 2020, Fortune magazine ranked Edward Jones Investments at number seven on their Fortune L…
External links
• Official site