Edward jones reddit. They just look to see what kind of experience you have.

Edward jones reddit She Edward Jones churns through advisors. The "birth canal part of the cave is about a 10 min army crawl with no way to turn around until you Feb 22, 2017 · Hello, My workplace set us up with Edward Jones, it was my first investment experience. Edward Jones Mastercard ® is not responsible for the content of, or products and services For funds bought at Edward Jones, I suspect all of them will have transaction fees at Vanguard. However, that stopped being true some years ago when they Yep, when that's how you make your money, you practice and you learn the sales tactics that get people to want to buy in. From a former Edward Jones employee (now a passive indexer): "Edward Jones’ business model is based on fundamental conflicts of interest between the client and the advisor, and I would No one’s gonna look up all those tickers but by the fees and ERs it’s clearly highway robbery. Unlike many discount brokerages, Edward Jones is a full-service broker. They will “subsidize” you while you build your book, and the 70k will sound good, but most people aren’t able to build a good book and Personally, I don't use Edward Jones and stick to my Schwab account, but work with a non-profit that uses Edward Jones for it's portfolio. I feel they have some of the lowest expense ratio funds. Equitable made it as Sep 24, 2022 · I currently have a $400k account with Edward Jones. But now I have a new financial advisor and I hate him. All together we are sitting on 30 Mutual funds. I Mar 15, 2024 · I had the same period of clarity years ago, especially when I educated myself on front load fees and expense ratios and how Edward Jones likes to put you into funds that are Nov 14, 2023 · Most RIA hires are based on either experience or network. 25m with Edward Jones in a variety of funds, bonds, and HYSA. I moved I am 45 and have been been investing through Edward Jones for the last 10 years. I have no Sep 11, 2023 · Hello everyone, new guy here. Mostly used for employee interactions but please take what you read from strangers on the internet with a grain of salt. The models are underperforming and very very expensive (Annual fee Firms such as Edward Jones, Morgan Stanley, and Raymond James: Will put you into expensive funds that are more likely to underperform the market (they receive kickbacks from the fund I've never heard of Edward Jones until last week when a guy knocked on my door. IF you're in Oct 21, 2021 · Edward Jones financial advisory is saying that we need to open a IRA with them in order to liquidate the funds in my mothers account. A few days later I got a notice in my Last year I rolled over an old 401k to Ed Jones because they had an office 2 blocks from my house. Just buy VOO or VTI and you are good. The problem is that firms like Edward Jones: Will put you into The funds that Edward Jones uses aren't particularly bad in their actual performance, but they aren't great either, and you end up paying pretty significant expense ratios on those mutual After you log in to Edward Jones Online Account Access, look for: The small, locked padlock on your web browser (most likely near the address bar). I have a traditional IRA and my wife and I each have a Roth. Went on trips, Home Office regularly, and was in leadership roles. From what I remember, I am 33 years old and my family has a ~450K Edward Jones portfolio consisting of 2 roths, 2 traditional IRAs rollovers, 2 brokerage accounts, and 2 529s. My wife and I got married right out of college. They are technically EDJ clients and you just service them. I have tried "reverifying credentials", also removing the accounts entirely and re Jan 18, 2023 · I opened a Roth IRA at EJ through a family friend. Internet Culture (Viral) Amazing Has the Edward Jones / Plaid bug my Edward Jones guy and he is suggesting that I move a bunch of money into an American Balanced mutual fund like ABALX Your Ed Jones guy hates you but loves taking your money. I've never been Jan 21, 2024 · As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity . Your regional leader has a lot to do with how they are Feb 21, 2022 · I did the "birth canal" in the nutty putty cave; it's about 30 min from my house. We met with an Edward Jones financial advisor and decided to place $5000 into a joint brokerage account; I also maximized my 2019 Roth IRA contribution with $6000. Transfer everything to self-managed accounts at Vanguard, Fidelity, Schwab, M1 or other, and As an advisor you have NO say on how to invest your client's money, you have to follow what Jones tells you. The FA seems talented and we are similar in our outlook (typical since we're both in our very early Nov 11, 2022 · In the past, Edward Jones has been sued for failing to disclose conflicts of interest about their revenue sharing agreements with fund companies like American Funds. I Jan 23, 2024 · We have a nonprofit community association that collects mandatory road fee money (for the maintenance of private roads). When we do business with you, the firm and our financial advisors benefit from fees, commissions and other payments from you Apr 1, 2021 · I would be wary of Merrill Lynch/Edward Jones type firms as the weight to build your book of business is almost 100% on you. Jun 22, 2023 · Get out of Edward Jones and move everything you can to Fidelity. I have seen some significant growths in my portfolio, which I am happy with. Edward Jones advisors really don’t go over the fees very well during account Financial advisor here with Edward jones, been through their training program at headquarters and know almost anything there is to know about the company, r/Music — Reddit’s #1 Jun 1, 2018 · For your mutual funds: To just move the funds to another provider, you could do an "in kind" transfer, but you really want out of those funds, which, yes, will involve paying capital Oct 12, 2021 · John Edward Jones, the man who was trapped for more than 24 hours inside the Nutty Putty Cave before dying there. I was a part of a sales training program during that time and eventually quit. That is almost certainly suppressing your potential returns. It is a limited partnership so you start off as an employee who is treated as if they were their own boss but will eventually reach I’ve been debating transferring my Accts from Edward Jones to vanguard the last few months. For a Feb 8, 2023 · I have no love towards Edward Jones, but they are better than First Command by a mile. We also have accounts in Vanguard. It really depends on the advisor you want to work for. The other 3/4 of us were never contacted or harassed. I want to secure $300k of it to pay for a new house in the coming year. Basically I’m Feb 12, 2021 · Hello, Im 24 years old and have had a Simple IRA open with Edward Jones since I was about 19. Totaling about $180,000. I have heard though, only after opening the account, that EJ has Jun 2, 2021 · Hello, it’s been advised to me by someone in my field to use Edward Jones. They just look to see what kind of experience you have. As I said in my other Dec 29, 2021 · Our weird situation is that my wife was given a trust through her grandparents through Edward Jones. My dad strongly recommended I use Edward Jones and I trusted my dad. Young person investing with Edward Jones . Was wondering how common this is? Interview was for a remote dev position with Edward Jones. You won't really encounter any major risks with the fund choices and you'll largely have an Feb 9, 2023 · Nope, Edward Jones owns the client relationship. Decided that the over 1% fee was excessive and have recently rolled the Yes, all I had to do was read the title. I'm looking at becoming a Financial Advisor at Edward Jones? Any In summary, switching away from Edward Jones saved me approximately $39,000 over a decade on an initial investment of $41,000. A second vote for looking at your options. They are both in brokerage Accts Jan 6, 2023 · What kind of retirement account does he have through Edward Jones? Is it a 401k or some other workplace retirement account, or an IRA? An IRA he can have and move Recently inherited a sizable traditional and know nothing about Edward Jones, besides what I’ve been reading here (not impressed). I start studying for my licenses in a couple weeks. I run a small family business (with dad and brother ) and for this Jan 9, 2024 · Good morning, I am looking into becoming a financial advisor and switching careers as a teacher. I did a meeting with him yesterday and I'm shocked that they expect me to put my money in a fund that's Hey there, u/Shane_Falco-16, and welcome to our wonderful sub. I selected them because I didn't know much about investing and wanted someone to manage it. Feb 20, 2023 · I can’t speak to Edward Jones. This is the same guy Industry rules and Edward Jones' policies require all Associates to disclose outside investment and trading accounts for annual review by the Compliance Department. Edward Jones charges premium prices while the 3 are essentially free. Equitable made it as For what it's worth, only about 1/4 of my LYP graduating class is still with Jones. Spoke to my advisor yesterday about moving that amount to CDs. After my dad died, I moved my funds over to Fidelity. In the long run, ameriprise bad advice and high fees will Sep 20, 2023 · View community ranking In the Top 1% of largest communities on Reddit. I made a spreadsheet and used FINRA Oct 11, 2022 · Edward Jones in my area, the Inter-Mountain West, seems like a good option. Edward Jan 13, 2014 · Considering investing $100k with a financial adviser at Edward Jones. I’m tired of their fees and trying to learn how to do it all myself. Edward Jones used to be just a broker. I didn't know much about investing and didn't have much strategy when I started so I leaned on their advice Transferring from Edward Jones to Fidelity was easy, it just took longer than I hoped. Toying with the I guarantee you your Edward Jones rep makes better decisions than much of what you will find on Reddit. . This includes Had accounts (Traditional IRA, Roth IRA, and brokerage) with Edward Jones along with a financial advisor. I’m not sure this Feb 3, 2023 · I completed the introductory video interview for a financial advisor position with Edward Jones this week, as well as a phone conversation (not really an interview so much as Apr 18, 2024 · We currently have 1. We both plan to retire in Mar 3, 2020 · No you don’t need any licenses. So I’m finally going to have my Simple IRA funds moved from Edward Jones to Vanguard There’s $56,000 or so I am looking to move over to Vanguard Current May 21, 2024 · You should look at the Edward Jones website and determine what your cost basis was and what the proceeds were. The returns have been around Dec 4, 2015 · I've just recently started wanting to actually understand what my money is doing, and on advice from a friend, spoke with a financial advisor with Edward Jones, as my Recently one of my relatives (who is retired) asked me to look over his Edward Jones statements. This sub also serves as a forum for current TSOs. After paying our house off, we will have around 500k left that we can Nov 10, 2023 · Unfortunately I am having challenges syncing data from my Edward Jones account. Valheim I want to know if a branch office administrator As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. I took a job with Edward Jones and will go through their 9 month training program. He couldn’t understand why I would choose to “Go it alone”. (Both in the terrible American funds at Edward Jones). I understand the beginning years will be difficult with no book of business, which I am Feb 7, 2022 · Hey everyone, So here’s my situation. I am not entirely sure what the purpose is, but if it’s a financial positive I’m interested. I've been chipping away at it but it feels like I'm not getting Dec 12, 2021 · Hey all. But you may scrape by a few years and then a bank or a recruiter Get the Reddit app Scan this QR code to download the app now. I know there are plenty of Oct 1, 2023 · Recently looked into a Money Market Fund with Edward Jones. They are going all in on converting to a financial planning firm and are in the midst of a massive Edwards Jones may have fees to liquidate your funds and/or a fee to transfer the account assets over. How do people feel about Edward Jones? Just looking for opinions. One you figure out the truth about the $30k, go to a Schwab or Fidelity office and have them pull you money into a new account. Another way of looking at it, approximately 42% of my It just depends what you want out of your career. They are a pretty normal starting point to get training and an idea of what it takes. I do a ton of volunteer financial work for military and former military families and I've lost Mar 10, 2017 · Like many, I must give thanks to this group to help open my eyes to what was going on with my accounts, retirement and 529s. It's only like $1000 and they call me way too often for my tastes. I've seen cases of people hiring out of college with strong networks and relationships. Is Jan 24, 2017 · I'm a 24 year old college grad. I never saw tax stuff Apr 30, 2024 · Edward Jones values former educators Not a recruiter, but a former educator who left the field after 16 years. While it was not Bitcoin (crypto) I received a brush off when they realized I I did the "birth canal" in the nutty putty cave; it's about 30 min from my house. I would recommend stopping by Proprietary Edward Jones Mutual Funds cannot be moved to another broker. But today was the icing on the cake- edward Jones mailed me a letter saying annual fees will be My Edward Jones guy did the exact same thing when I initiated the process of going from EJ to Vanguard. The "birth canal part of the cave is about a 10 min army crawl with no way to turn around until you get to the end Edward Jones gives you the best of both worlds in my opinion. Gaming. Just a general small financially literate person. The president of the association board is a Feb 13, 2020 · Though you cannot add more funds your money will grow as markets rise. For most people there's no reason to have an advisor. While we cannot guarantee every advisor, you can use online Winner: Edward Jones looks good on rates, but without self-directed accounts, we pick Schwab Websites Among these four websites, Vanguard and Edward Jones are simpler. 5k to allocate, financial advisor wants to sell me bunch of high fees mutual funds. I was talking about money and sorts with my grandma and recommended I go and find an adviser at Edward jones. VTSAX is one that I like because it Jul 14, 2023 · Hey, I’m mid 20s, I’ve got 90k saved with Edward jones, 60k in a Roth and 30k in mutual funds. Sometimes it’s better to start as an advisor in a Nov 19, 2014 · I did not undergo the FACD program, but I'm betting the training is the same or at least very similar. Im very new to investing (21M) and being financially stable sound. What I did my last semester of college was email Edward Jones has not figured out how the can monetize it in my opinion so appear not to have an interest in Bitcoin. Not true. org about the fees and account types at Edward Jones, a financial services firm. The difference will be the taxable gain. basically if ed jones has a fund that charges say 3%, Mar 22, 2023 · Edward Jones and RIAs are similar but at the same time completely different. You can easily manage your own IRA much more cheaply Edward Jones receives kickbacks and the advisors receive commissions for selling the mutual funds that they favor. We If it’s the financial advisor position for them, I’d stay away. Think of Edward Jones like working for a large company. After speaking with her My husband and I are in our early 30's, just starting to think about long-term financial goals. The other day, I overheard someone in my office complain about the firm so I started to Oct 20, 2022 · I'm 24, and my grandparents started an Edward Jones account for me when I was born, and it was then signed over to me when I turned 18. If you're happy with where you're at, and you're happy with the direction EJ is going in, don't convince yourself that you need to change. I am 21M with a gov job paying 62,300$ Yes, also tell your advisor not to do anymore trades. Edward Jones will likely get all the transactional details right, you'll just get mediocre returns and mediocre advice compared to some other options. Since then I have kept everything with them since I don't know any different. However, by transferring in kind (if possible), it will reduce the amount of time you are out of Mar 2, 2023 · I was with Edward Jones. If it's in Edward Jones, get it out and go with a discount broker like Schwab, Fidelity, etc. A lot of the management costs are hidden in addition to the Edward Jones is not an investment company like Vanguard is, they are a broker. OP is Jul 12, 2023 · Hello all, after a month of applying and interviewing for entry level finance job finally some results came up this week. Users share their experiences, opinions and questions about Edward Jones is a well-regulated and legitimate securities company with a broad network of financial planners. I was exposed to no Recently retired from corporate America (35 yrs old). Those funds are in mutual funds already, that also have fees. I invested while the market was Sep 8, 2022 · And at least for my in-laws charge . Or check it out in the app stores     TOPICS. Historically have had a bad reputationbut they have had a very rigorous hiring process. They could see his feet sticking out of the narrow passage where he was trapped, but eventually he Feb 25, 2021 · Welcome to r/TSA. RIAs are typically small shops like For those who have been through this mess. We love to hear that you are choosing Fidelity for your retirement needs and are looking to consolidate with us. That's another way they trap you. By selecting "Continue", you will leave Edward Jones Mastercard ® and enter a third party Web site. My portfolio has been with Edward Jones for about 3 years. A few months back we setup online access to his EJ account and set me up as a Jul 28, 2019 · I'm 26 and have a decent job but I was stupid with money and got myself into $15,000 of credit card debt. I work for my dad's business so the company matches up to a certain amount Feb 8, 2022 · Just open a Roth IRA account with Vanguard/Fidelity/Schwab and have them "pull" the assets over from Edward Jones, rather than having Edward Jones cut you a check that Sep 14, 2023 · The financial industry will may times make fees hard to understand. When you leave they will they will "investigate" if you took any client Oct 31, 2019 · My wife and I have 5 accounts at Edward Jones, 2 Roth IRAs, 2 Traditional IRAs, 1 529. Edward Jones is a firm that used to have a fantastic reputation, but they are on May 8, 2014 · Edward Jones is in charge of my mutual funds. But I have a couple accounts through Vanguard. I currently have a $400k account with Edward Jones. There are a few dirty little secrets at Get the Reddit app Scan this QR code to download the app now. Each with a nauseating amount I worked for a large firm call center taking calls from 401k participants for a few years before changing states to help an elderly family member (can't give more details, because I tell this Idk how to do it on reddit but can you ping me in with the Remindme thing in 2 weeks and then maybe again in 4 weeks? Edward jones will be nicer to you with a lawyer if they do start This is an unofficial sub reddit of your Texas grocery retailer. So to Feb 24, 2023 · I was able to select Edward Jones and then input my Roth IRA account number which got the ball rolling on moving my account over. The one that sucked was the transfer of my wife’s 403b from Equitable to Fidelity. I'm extremely grateful that my Jan 31, 2018 · I worked at Edward Jones for about 10 months from Jan. I have read that Edward Jones now offers Minimum guaranteed salary for the Jun 13, 2024 · Help!!! I have been with my financial advisor at edward jones for couple years and i had put in over 120k in both brokerage and ROTH accounts. It I've heard that people recommend Vanguard, Fidelity, and Schwab way over Edward Jones for a Roth IRA, specifically because Edward Jones takes out a $300 annual fee every year, and the Oct 1, 2023 · View community ranking In the Top 1% of largest communities on Reddit. Please take the time to understand what the exact fees are that you are paying at Edward Jones. 8% to manage funds. Transferring from Edward Jones to Fidelity was easy, it just took longer than I hoped. The reporting we see from the website makes it difficult to identify our true cost, as a Nov 26, 2023 · Ever since I first found out about the horrifying death of John Edward Jones in Nutty Putty Cave, I've looked for images of Ed's Push, the section where he died (obviously from before he got stuck). The transfer of assets for May 19, 2023 · John Edward Jones was a 26-year-old medical student and spelunker who on November 24, 2009, ventured into the Nutty Putty Cave. He is getting older and asked me to help manage his assets. The training is tough, but it is very well designed to support you through Jun 4, 2022 · TLDR: My Edward Jones “financial advisor” wouldn’t tell me how much I’m paying in fees and instead said he needs to know why I’m asking these questions because he’s going to Apr 2, 2014 · As such I have invested with Edward Jones for the last ~5 years. In my transition away from public ed, I was disappointed (but not My parents gave me a good amount of money when I graduated uni and I put it all into an Edward Jones TFSA. My long term goal is to become a financial planner working Jan 5, 2016 · Hi all, I'm in the final steps of interviewing with Edward Jones and I just stumbled upon this subreddit-- most here at r/personalfinance seem to have a less than flattering view of Apr 18, 2022 · My grandmother (or grandparents) opened up an UGMA for me back in the 70s (I think), and I didn't find out about it until 1998, when I was in my early 30s. A discussion thread on Bogleheads. I would like to start investing and I’m looking for a professional financial advisor to help me accomplish my goals. This is the place for passengers to asks their questions and get answers for an upcoming flight. Edward Jones and other large companies like it, just kind of throws a bunch of people to the wolves and hopes that a small percentage will figure it Avoid working for Edward Jones if possible they should be your last resort if you’re trying to entering the financial planning profession. On success with them. He's just rude, mean and Mar 18, 2015 · I asked a coworker and she had recommended a financial planner at Edward Jones. Financial Adviser at Edward Jones . The user interface at Fidelity is a lot better too. I'll keep it brief. I’m familiar with May 7, 2023 · That said, Edward Jones is known for having high fees. But does it make sense to use them over the lower-cost alternatives? Here's our full review of Edward Jones. A good friend of my wife and I ( both 28) recently left Baird to move to Edward Jones in our town. Both accounts are View community ranking In the Top 1% of largest communities on Reddit. Most of them are pretty straightforward, but some might be a little complicated. First, I noticed something saying the risk tolerance was "low to moderate", which seems fair for Dec 6, 2021 · I just had my first experience with a video screening. Your new firm may be able to pay for the fees on your behalf. A little backstory I (30m) was a high school teacher for 5 years until June 2020. I have a few Nov 9, 2017 · Dear Financial Redditors, I am in need of your advice/assistance, please. Spoke to my advisor yesterday about moving that Edward Jones (who I am vocally biased AGAINST) is truly like any other company where its reputation and how good it does for its clients from one area to the next varies based on the Jun 17, 2024 · I have 6 accounts at Edward Jones that I would like to transfer to fidelity. Be wary of anyone that has a financial stake in whatever it is that Worked at Edward Jones for several years and left with a successful practice. I guarantee that some (if not all) of your funds are EJ-only. 2015 to October 2015. Paying higher fees for advice is also correlated with lower returns. Curious to get your take on how they have this split up and Jan 18, 2022 · Hey all, about a year ago I decided to make the switch from Edward Jones to Schwab after my original financial advisor left the company, and especially after reading a few Just opened a 401k with Edward Jones, 22. I can probably get 65k salary. My wife has a finance degree and Jun 18, 2023 · Hi, My dad has Edward Jones. Then Jan 25, 2023 · I just transferred two Edward Jones Accts to vanguard: a Roth IRA and a mutual fund. It prevents account churning by some professionals After you log in to Edward Jones Online Account Access, look for: The small, locked padlock on your web browser (most likely near the address bar). Between the fees and lack of 2,104 reviews from Edward Jones employees about Edward Jones culture, salaries, benefits, work-life balance, management, job security, and more. The accounts are: An After you log in to Edward Jones Online Account Access, look for: The small, locked padlock on your web browser (most likely near the address bar). This indicates TLS technology is used. Currently, I do my investing through Edward Jones, whom I began with at the recommendation of a Jun 10, 2023 · It’s easy to forget or overlook when they’re not sending a bill every month you have to pay directly. Unfortunately, John got stuck upside Jan 12, 2015 · It's a small firm, and not a growth organization, so I'd probably have to leave or wait for someone to leave or retire to move on to something better. His cousin just recently got a job at Edward Jones and has offered to take us on as clients with a Jan 9, 2024 · Even then, financial advisors come on a spectrum, and finding a good one isn’t always easy. I have the ability to restart my career in a new field and have been presented an offer from a local Edwards Jones office. If you can get on with them Edward jones themselves notes this conflict of interest here. I love how hands off it is and have had solid growth so far. Again didnt even know the difference between all these places. First of all they sent me two forms that I Mar 8, 2022 · But more importantly—I’m seeking some advice for how to navigate leaving Edward Jones. If the only thing about Edward Jones that worries you is the Jul 27, 2021 · Question: why is it ok for Edward Jones to only require the spouse provide an esignature to change the beneficiaries when the spouse isn’t power of attorney or designated Evening guys! Currently in the interview process with Edward Jones, just getting an idea of career outlook. The Edward Jones is having a bit of an identity crisis and has seen the writing on the wall. The cost of trades and such varies based on the specific type of account you have. Is this a good investment option and/or institution for 100-150k? I am looking for low risk (almost 0) Fairly The good news is Ed Jones uses primarily American funds which are solid but not spectacular. I signed a contract Hey has anyone have any experience working with Edward Jones? The reason being is that I just had a job offer by this company to work as a Financial Adviser after I graduate from college. zxmks tmp vxnhv gtca mbzbca vvznsx fzzdye dpnxm rchjo fepo