How much does it cost to invest with Edward Jones?

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

Extensive fund choices

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

Does Edward Jones have high fees?

Some of the products Edward Jones sells come with high fees, such as life insurance and annuities. But that will be true at any other firm for those same financial products. EJ says that 36% to 40% of these commissions go straight to the advisor.

Does Edward Jones have hidden fees?

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.

Is Edward Jones a good choice for investing?

The Bottom Line. Edward Jones is comprised of thousands of advisors. 12 For individuals who want a personal touch, the right Jones advisor may very well be a good choice. On the other hand, low fees and tested investment strategies of robos give investors more net dollars to deploy into the markets.

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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.

What is the average return for 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%.

Can you make money with Edward Jones?

How is Edward Jones compensated for financial services? We earn our revenue from our clients, as well as from product providers and money managers (“third parties”) who assist us in providing the investments and services that we offer you.

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 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.

Can you buy stocks through Edward Jones?

Edward Jones Select Account

A hands-on approach with a wide range of investment choices including stocks, bonds, certificates of deposit (CDs), mutual funds, exchange-traded funds (ETFs) and annuities.

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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.” I believe management would lay people off only as a last resort. Management is honest and ethical in its business practices.

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.

Is Charles Schwab better than Edward Jones?

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.

Overall Rating.

Overall Rating 3.9 3.8
Compensation and benefits 3.8 3.5
Job security and advancement 3.5 3.2
Management 3.5 3.4
Culture 3.8 3.7