How much commission does an Edward Jones financial advisor make?
Table of Contents
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.
What percentage does Edward Jones take?
Edward Jones Review – High Fees, Poor Reviews
| Edward Jones Details | |
|---|---|
| Trade Transaction Fee | $4.95 |
| Trade Commissions | Up to 2.50\% |
| Management Fee | 0.50\% to 1.35\% |
| Account Type | Roth, Traditional, SEP, SIMPLE, 529, Taxable |
How much does the average Edward Jones employee make?
How much do people at Edward Jones get paid? See the latest salaries by department and job title. The average estimated annual salary, including base and bonus, at Edward Jones is $139,438, or $67 per hour, while the estimated median salary is $136,428, or $65 per hour.
How does Edward Jones rank?
Louis financial services firm Edward Jones appears on the Fortune 500 list, which ranks the largest U.S. companies by revenue. Edward Jones moved up 41 spots to No. 295, with more than $10.2 billion in net revenue for 2020, an increase of 6.7 percent.
Can you take money out of Edward Jones?
Our general policy is to allow you to disburse or withdraw funds deposited to your account between four and six business days from the date of deposit. If you are a new Edward Jones client (client for less than 30 days), funds may be held until the 11th business day.
How many financial advisors does Edward Jones have?
19,000
We employ 49,000 people, including more than 19,000 dedicated and passionate financial advisors to serve, educate and support more than 7 million clients in achieving what matters most to them.
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.”
Is Edward Jones better than Charles Schwab?
Charles Schwab is most highly rated for Work/life balance and Edward Jones is most highly rated for Culture. Learn more, read reviews and see open jobs.
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.
Is Edward Jones a financial advisor?
How Does Edward Jones Work? The main benefit of working with Edward Jones is the financial advisor. The company has 19,000 advisors who work with clients on a one-on-one basis to provide individual investment advice and management.
Can you take money out of Edward Jones without penalty?
Penalty-free distributions: Generally, you can take money from your plan without tax penalties at age 55, if you leave your employer in the calendar year you turn 55 or older. Required minimum distributions: Generally, you must take minimum distributions from your former employer’s plan beginning at age 72.