Quick Answer: What is the minimum investment for Edward Jones?

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

Does Edward Jones have 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.

How much does an Edward Jones financial advisor cost?

Fees Under Edward JonesValue of Assets in AccountAnnual Fee RateFirst $250,0001.35%Next $250,0001.30%Next $500,0001.25%Next $1,500,0001.00%Ещё 3 строки

How much money can you make at Edward Jones?

Average Edward Jones hourly pay ranges from approximately $14.00 per hour for Call Center Representative to $25.79 per hour for Financial Advisor. The average Edward Jones salary ranges from approximately $28,751 per year for Office Administrator to $54,246 per year for Senior Branch Administrator.

Should I invest with Edward Jones?

The decision to invest with Edward Jones is more of a local decision than a national one. In different words, you need to trust the brokerage firm but it is the local advisor that should be trusted first. Even if the brokerage firm is reputable, investors should have a good working relationship with their advisor.

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Can Edward Jones be trusted?

Edward Jones is a full-service investment firm that provides advisory and money management services. While we like the professional and personal investment advice, be aware that it doesn’t come cheap. You might be better off using a robo advisor.

How much should you invest in Edward Jones?

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

Who is better Vanguard or Edward Jones?

Why Vanguard is Better

The owners (shareholders) of Edward Jones expect a return on their investment. This return on investment comes from the revenue that Edward Jones generates from the fees associated with their accounts and commissions you pay when buying a mutual fund. … Vanguard, is operated at cost.

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.

Is Edward Jones a pyramid scheme?

It is not a ponzi scheme. But EJ is not appropriate for people that hang out here. With all of that said, if you are a good at it, after a few years, you can make a really good income as an EJ advisor.

Is it hard to get hired at Edward Jones?

Being a hands-on investment company, Edward Jones has a large variety of positions that it seeks to fill. As it is a well-recognized organization, vying for a job with Edward Jones can be extremely difficult.

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How do Edward Jones advisors get paid?

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 long is Edward Jones training?

10 weeks

Who is the best investment firm?

Best Investment Companies for the Average Investor

  • Edward Jones.
  • RBC Wealth Management.
  • Thrivent Financial.
  • Betterment.
  • Wealthfront.
  • Robinhood.
  • Acorns.
  • Fidelity.

Is it worth paying a financial advisor 1%?

Most advisers handling portfolios worth less than $1 million charge between 1% and 2% of assets under management, Veres found. That may be a reasonable amount, if clients are getting plenty of financial planning services. But some charge more than 2%, and a handful charge in excess of 4%.

Who is the best financial advisor company?

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.
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