Edward Jones Quick Questions
1. Can an Edward Jones office be set up as a fee only service or is it always mainly commission?
2. How much are new Edward Jones advisors expected to bring in their first few years so they are not fired.
3. How many years is a new Edward Jones advisor expected to work with the firm? (when are you not liable to repay salary and training costs?)
4. Does Edward Jones allow new trainees to mentor with current advisors?
5. Do new Jones advisors get their own office right away or do they have to earn the right to an office by bringing in clients?
Thank you for the answers. I am hoping this consolidated questionnaire about Eddy Jones will help multitudes of young advisors like myself as I weigh my personal options.
It's mainly commission, especially when you start. But after the training program, you can start transitioning into a fee-based office.
24 accounts every year, 100+ k in assets -- thats what I heard.
3 years training program. You're liable within that time frame.
Yes, you'll be set up with a mentor and a field manager to check up how you're doing.
New advisors don't get offices. You'll need to reach a certain quota for an office. But I have heard EDJ is starting to implement multiple advisor offices in metro areas since it's pretty expensive to have one man office's all around the country.
For more info, I'd go to http://thejunioradvisor.com/2015/03/05/edward-jones-training-program/
It has a review of someone that just graduated the training program. Also, other training programs as well.