Edward Jones Profit Sharing

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Mar 4, 2006 11:48 am

Could anyone tell me what the profit sharing percentage was at Jones for 2005?  I have heard different numbers historically it is about 4-5%.

Mar 4, 2006 11:50 am
Uptick1:

Could anyone tell me what the profit sharing percentage was at Jones for 2005?  I have heard different numbers historically it is about 4-5%.


Let me clarify what wa percentage Jones contributed?

Mar 4, 2006 2:24 pm

We got 4.9% of our annual production. Nice deal really! 

Mar 4, 2006 3:46 pm

I think you mean 4.9% of gross income (not production)....still not a bad deal though.

Mar 4, 2006 6:42 pm

2-5% is average..so 4.9% is quite high.  And it is a % of net NOT gross.  so, it's really like an extra 1-2% of extra gross payout if you look at it that way.


This is the ONLY plan where Jones puts in money for you.  Truth is, it aint all that much when you look at the big picture.


Mar 4, 2006 8:44 pm

Zacko- So RJFS doesn't give you a profit sharing bonus?? It's a nice little perk, cmon now you can admit it, it's ok....

Mar 4, 2006 9:39 pm

Jeez us...please don't prove the zacko.  Any nitwit understands that if you OWN the store--as he or any independent does--you make more than if you run the store for the company.  I believe Jones calls it "owning a piece of a growing business" when discussing a good stock or fund.  Being independent simply does this in a direct participation kinda way.  Ask Bill Gates if he wished he'd gone to work for IBM instead of "going independent."f  And no, zacko is not billy g.  But he's closer than those of us giving 60%+ of our revenue to The Man.  OK, next thread!

Mar 4, 2006 9:42 pm

crap...don't "provoke" zacko, NOT "prove"

Mar 4, 2006 10:04 pm
Cowboy93:

Jeez us...please don't prove the zacko.  Any nitwit understands that if you OWN the store--as he or any independent does--you make more than if you run the store for the company.  I believe Jones calls it "owning a piece of a growing business" when discussing a good stock or fund.  Being independent simply does this in a direct participation kinda way.  Ask Bill Gates if he wished he'd gone to work for IBM instead of "going independent."f  And no, zacko is not billy g.  But he's closer than those of us giving 60%+ of our revenue to The Man.  OK, next thread!



Agreed cowboy. My point is that profit sharing is much better than no profit sharing...

Mar 5, 2006 4:31 pm

Yes...all other things being equal, which they never are.


It's kinda funny when you see guys on here "argue" about who makes more if they gross $500k.  We should all have such problems to "only" make 200k in total comp.  What a great business!

Mar 5, 2006 6:10 pm

Original Question:


Can someone please verify the percentage Jones matched in the profit sharing plan.  Was it 4.9% or better.  That is very good for Jones historically if it is correct.  That is 4.9% of net income too.

Mar 5, 2006 6:49 pm

4.74% I believe of net commission.



Mar 7, 2006 12:52 pm

No profit sharing at RJ.  I do my own safe harbor 401k/profit sharing.  RJ did GIVE me options for 900 shares of stock though.


Jones profit sharing is pennies compared to the value of going indy.



Mar 7, 2006 4:38 pm

As I recall the profit sharing is nothing more than a percentage of your gross commission given back to you. Look on your p+l divide that number by your gross and that is the exact percentage. I believe it varies depending on the status of the firm. Edward Jones does not match this amount, and you are 100% vested if you leave.

Mar 7, 2006 9:07 pm

Profit sharing for EDJ is based on net commision not gross commision or gross taxable wage.  So if you make 50k your profit sharing would be $2450


Hope that helps.

Mar 7, 2006 10:09 pm

Zacko- What's the strike price??

Mar 8, 2006 3:00 pm

I think it's last Sept 30th closing price...around 31 or 32$ per shr.  It's 5 year cliff vesting.  I have some from the year b4 also at 21$ per share.


Stock is at 43 or 44$ now so It's money in the bank as far as I'm concerned.  It's also FREE :).

Mar 9, 2006 10:09 pm

Zacko- That's a very nice perk. I am not a huge fan of cliff vesting myself that is what I was offered by a wirehouse last year. It didn't exactly leave with a warm and fuzzy feeling, but I gotta agree with you that it is certainly is a nice FREE perk.

Mar 10, 2006 11:32 am

Nice that an indy firm offers that.  They also came up with something new....I'll post on another thread.