How do Edward Jones financial advisors get paid?

How do Edward Jones financial 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 much do the highest paid financial advisors make?

Financial Advisors made a median salary of $89,330 in 2020. The best-paid 25 percent made $157,020 that year, while the lowest-paid 25 percent made $59,450.

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. 2 Edward Jones also ranked the highest in 2002, 2005-2007, 2009, 2010, 2012, and tied in 2015.

How do financial advisors get rich?

Commissions. In this type of fee arrangement, a financial advisor makes their money from commissions. Advisors earn these fees when they recommend and sell specific financial products, such as mutual funds or annuities, to a client. These are often payable in addition to the above client fees.

How much does the average Edward Jones financial advisor make?

Tell us about you and get an estimated calculation of how much you should be earning and insight into your career options. How much does a Financial Advisor make at Edward Jones in the United States? Average Edward Jones Financial Advisor yearly pay in the United States is approximately $59,780, which is 12% below the national average.

What is it like to work at Edward Jones?

Edward Jones is a wonderful place to work. They offer wonderful benefits for their employees and travel options for their financial advisors. I started working in a branch and then transition to to the home office.

Is Edward Jones a fiduciary advisor?

– Edward Jones has a lot of sales reps/ brokers/ advisors and real estate. This is one of the primary reasons that fees are so high for clients. – Most of their advisors are not a fiduciary for clients. Edward Jones also uses a lot of expensive mutual funds like American Funds and other companies that have 12b-1 fees.

How good is Edward Jones?

Mr. Jones was born in Memphis, TN on March 24, 1952, to the late Mr. Willie Jones and Mrs. Evelyn Sanders Jones. Mr. Billy was generous, kind, funny, faithful, and shared his faith with others. He will be greatly missed by all that knew him.