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2023 Review Of Edward Jones

Founded in 1922, Edward Jones is a St. The firm is based in Louis, Missouri. The firm provides financial solutions to individuals, families, and businesses. Edward Jones is a well-known name in the industry.

They are an all-in-one personal finance management service. Financial freedom is achieved with the help of budgeting, investing, and banking tools.

Edward Jones Services Offered Include:

  • Wealth Management
  • Retirement Savings
  • College Savings
  • Stocks, Bonds, Mutual Funds
  • Insurance, Annuities
  • Cash and Credit Management Services

About Edward Jones

The company serves individuals, small business owners and their employees, and self-employed clients. Financial advice and guidance is one of the services it provides.

While their fees are higher than most discount brokers, their clients are willing to pay extra for access to a wide range of services.

They have face-to-face interactions with their advisors. Students can feel supported and connected throughout their college journey with this type of support.

The firm selects investment vehicles such as:

  • Stocks, bonds, CDs, mutual funds,
  • Exchange-traded funds (ETFs,) and
  • Unit Investment Trusts (UITs)

According to a buy-and-hold philosophy, it selects these on its clients behalf.

People who want to invest for long-term financial planning rather than short-term plays are the firm’s clientele. The firm has been able to offer its clients a secure and reliable way to plan for their financial future.

How Does Edward Jones Work?

A series of questions will be asked by your financial advisor. He or she will use this information to create a plan that is tailored to your financial goals. The process begins here.

The advisor will then build an investment strategy and construct a portfolio of stocks, bonds, and mutual funds based on a long-term buy-and-hold approach, taking into account your investment goals, risk tolerance, and other factors.

Edward Jones offers a variety of account options, including regular taxable brokerage accounts, traditional IRA, Roth IRA, 401(k), college savings account, and more to meet the needs of different clients.

Here’s an Example:

  • The Guided Solutions program is for people who want to be more hands-on. The Guided Solutions program helps clients make better financial decisions.
  • The Advisor Solutions products allow clients to make their own decisions. A wide range of options is provided by their comprehensive suite of services.

Access to a group of specialized professionals that can assist your advisor in creating a wealth management plan is offered by the Client Consultation Group service. The service is free for clients.

In addition to managing current financial needs, the Estate Planning and Trust Services focus on developing a legacy. By taking aholistic approach to estate planning, our team of advisors can help you create a plan that reflects your values and goals for the future.

They have different account types with different minimum account sizes. A range of features and services can be accessed by customers of different account types.

The Guided Solutions Flex Account has a minimum asset value of $25,000 while the Guided Solution Fund Account only requires a minimum of $5,000. The account type that best fits the investor’s goals and budget can be chosen.


Depending on the type of financial product you purchase, a fee is charged when you invest with Edward Jones. Edward Jones charges lower fees than other financial institutions.

When you use a product in the Guided Solutions or Advisory Solutions category, your fee will be a percentage of the asset value in the account. The fee is determined by the type of product and the complexity of the advice given.

The higher the asset value, the lower the fee rate.

Some products also require an additional fee, for instance, there’s an administrative fee for Advisory Solutions programs, an annual fee for an IRA, transaction fees for buying stocks, and a portfolio strategy fee.

Pros & Cons

If you are going to invest with Edward Jones, here are some things to consider. Investing requires careful planning and research before you make a decision.


  • The highest score the firm received was from J.D. Generations of customers have been served by it as a reliable source of financial services. A full-service investor satisfaction study was conducted.
  • It is possible to have a face-to-face meeting with an advisor. This is a great way to get help with your problems.
  • Edward Jones has over 16,000 branches around the country and it is easy to find a local office. The company provides personal service and financial advice to its customers.
  • Besides the $500,000 of coverage provided by the Securities Investor Protection Corporation (SIPC), Edward Jones buys additional protection from Lloyd’s to cover theft, misplacement, destruction, and other crimes. Edward Jones provides their customers with the highest level of security for their investments.
  • It is difficult to beat the professional wealth management services offered by the firm. The firm’s team of dedicated advisors have extensive knowledge and expertise to ensure clients receive the best possible advice when it comes to their investments.
  • Edward Jones offers a passive investment platform that professionally manages all your investment so you don’t have to spend time or attention on researching, keeping up with the market, or understanding complex investment vehicles. The platform is designed to reduce stress and give you peace of mind so you can focus on other aspects of life.


  • The national median advisory fee is lower than that of Edward Jones. The quality of service and financial advice makes up for the higher fee.
  • The firm has partnerships with mutual funds and annuities. The firm helps its clients make the best investment decisions that are tailored to their individual needs. That means it’ll receive revenue sharing payments when it makes purchases on behalf of its clients.
  • There are potential conflicts of interest when it comes to the Edward Jones model. Edward Jones has put measures in place to make sure that their clients’ interests are always prioritized.
  • Edward Jones allegedly failed to communicate to clients that it was offering payments instead of a rigorous fiduciary screening in 2004. There was a conflict of interest between what was best for the clients and what was best for Edward Jones. The firm settled with the SEC for $75 million. The firm’s reputation and public perception have been impacted by the settlement.
  • In 2018, Edward Jones was sued for pressuring its brokers to switch brokerage customers from commission accounts into advisory accounts that charge as much as 2% of assets annually (the national average was about 1% of assets.)
  • The firm advocate’s front-end loads is a model in which investors pay for the advice upfront. The model encourages advisors to focus on the long-term success of their clients as it has become increasingly popular in recent years. Load funds consistently perform worse than no-load funds. Before investing their money, investors should carefully consider the costs associated with load funds. Most investors don’t hold a fund long enough to pay off the upfront fee. Front-end loads and annual expenses are things that investors should be aware of.

Frequently Asked Questions

Is Edward Jones a fiduciary?

Edward Jones is not a fiduciary. Edward Jones isn’t obligated to act in the best interests of his clients. They are not obligated to act in the best interests of the clients. This can lead to situations where the interests of clients are not taken into account.

Edward Jones has some financial advisors who are both broker and investment advisor. The highest level of service and financial advice is ensured by this.

Sometimes they act in a fiduciary capacity and other times they don’t. Trustees make decisions and manage assets on behalf of others, regardless of their capacity. The practice leads to more confusion for the clients. This can cause clients to be dissatisfied with the service they receive.

Is Edward Jones worth using?

You can expect Edward Jones to handle your investments as a client. Edward Jones can give you the best financial advice. It’s a great choice for people who want a hands-off approach to wealth management. It’s good for people who don’t have time, knowledge or expertise to manage their own investments.

If you want to have an ongoing and consistent relationship with your financial advisor, the firm’s long-term investment approach is a good option. It also gives you peace of mind that your financial advisor is knowledgeable in their field.

The programs are more suitable for investors who aim for buy-and-hold investing because of the higher fees. Itis important to note that higher fees do not guarantee a better investment program; rather, they are reflective of the services and technologies offered by the platform.

Edward Jones charges high fees for smaller asset values. Fees may be more competitive for investors with larger asset values. But, the annual management fee of 0.50% for accounts with balances greater than $10 million is competitive with robo-advisors.

Why are Edward Jones fees high?

Fees are high for clients because Edward Jones has a lot of sales representatives, brokers, financial advisors, and real estate. Edward Jones is one of the largest financial services firms in the world, so their reputation and size give additional assurance to clients.

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