Readers ask: Edward Jones Cadillac Mi?

How much does it cost to start Edward Jones?

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

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 does an Edward Jones financial advisor cost?

Fees Under Edward Jones

Value of Assets in Account Annual Fee Rate
First $250,000 1.35%
Next $250,000 1.30%
Next $500,000 1.25%
Next $1,500,000 1.00%

Does Edward Jones pay well?

Average Edward Jones hourly pay ranges from approximately $14.00 per hour for Call Center Representative to $26.65 per hour for Financial Advisor. The average Edward Jones salary ranges from approximately $28,751 per year for Office Administrator to $109,610 per year for Senior Data Analyst.

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Who is better Vanguard or Edward Jones?

Edward Jones and Vanguard offer similar investment services, such as stocks, bonds, CDs, retirement accounts, and mutual funds. Vanguard also has no incoming or outgoing transfer fees, while Edward Jones has a $95 transfer-out fee. But, overall, Edward Jones has more financial services available.

Is Edward Jones a pyramid scheme?

They keep, or at least try to keep your assets. This gives Jones the aspect of a pyramid or ponzi scheme, as the GPs and older FAs hired years ago do well and the new FAs pay the price. Also this is evident in the excessive payout to upper management.

Who is the best investment firm?

The Best Investment Firms:

  • Best for Personal Finance: Vanguard Personal Advisor Services.
  • Best for ETFs: Charles Schwab.
  • Best for Art Investments: Masterworks.
  • Best for Goal Tracking: Merrill Edge.
  • Best for IRAs: Fidelity Investments.
  • Best for Low-Cost Advising: Facet Wealth.

Who are the best investment advisors?

Finding a Top Financial Advisor Firm

Rank Financial Advisor
1 CAPTRUST Find an Advisor Read Review
2 Fisher Investments Find an Advisor Read Review
3 Fort Washington Investment Advisors Inc Find an Advisor Read Review
4 Hall Capital Partners Find an Advisor Read Review

Which bank has the best financial advisors?

Edward Jones maintained its high position in the rankings, while RBC Wealth Management, Stifel Financial and Northwestern Mutual made significant gains on the strength of their advisor-client relationship ratings, Foy says.

Can I buy individual stocks through Edward Jones?

You can choose to own stocks in a number of ways: individual stocks, mutual funds and exchange-traded funds (ETFs). In addition, for any 10-year period invested, stocks outperformed bonds and inflation more than 80% of the time.

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Is Edward Jones financial advisor a good job?

Edward Jones is a great company to work for as long as the financial advisor in the office is a good person to work for and with. Great company values and support for each branch office.

How much does Edward Jones charge per trade?

1. Total commission may vary for trades executed over multiple days and is added to a $4.95 transaction fee per trade.

Edward Jones Stock and ETF Commissions.

Product Fee Maximum Fee in Range
$6,000.00 to $9,999.99 2.00% + $30 $230
$10,000.00 to $24,999.99 1.50% + $80 $455

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.

How long is Edward Jones training?

Over the course of 10 weeks, you’ll learn a lot about the financial services industry, the firm and about yourself. We do things differently here at Edward Jones, and that includes how we train and support interns.

How much does Edward Jones pay during training?

Top performers working as financial adviser trainees for Edward Jones tend to earn a base salary of $49,500, bonuses of $13,000 and commissions of $20,000 in their first year.

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