Personal Finance

How much does a financial advisor at Edward Jones make?

By: Rohan BanerjeeUpdated: April 17, 2021

Categories

Site Statistics

  • Questions
    94,481
  • Answers
    1,984,101
  • Categories
    21
  • Last Updated
    May 20, 2022
Edward Jones Financial Advisor Salaries
Job Title Salary
Edward Jones Edward Jones Financial Advisor salaries - 4 salaries reported $16/hr
H&R Block Edward Jones Financial Advisor salaries - 1 salaries reported $69,958/yr
Edward Jones Edward Jones Financial Advisor salaries - 1 salaries reported $15/hr

Correspondingly, should I work for Edward Jones as a financial advisor?

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. It can be difficult if the financial advisor has not had any type of schooling in business, and does not understand how to be a boss. They are a high performance company.

Beside above, what degree do you need to work at Edward Jones?

Edward Jones Job Outlook and Pay Information
Applicants must stand at least 18 years of age for hiring consideration; however, possession of four-year degrees in related fields remain the primary qualification for employment.

Is Investing with Edward Jones a good idea?

The surprising way that your Edward Jones advisor gets paid
Financial advice, of course, is not free, and Edward Jones is not the only financial advisory company that derives a lot of its revenue from commissions. To its credit, Edward Jones does a very good job in disclosing how its financial advisors get paid.

Does Edward Jones have a base salary?

Average Edward Jones hourly pay ranges from approximately $12.61 per hour for Office Assistant to $18.78 per hour for Retail Sales Associate. The average Edward Jones salary ranges from approximately $30,984 per year for Office Assistant to $75,682 per year for Recruiter.

Related

How much does Edward Jones pay during training?

Edward Jones Financial Advisor Trainee Salaries. The typical Edward Jones Financial Advisor Trainee salary is $47,624.

How much do Edward Jones reps make?

Edward Jones Salaries in the United States
Other Popular Jobs Average Salary
Call Center Representative 10 salaries reported $14.00 / hour
Retail Sales Associate 5 salaries reported $18.78 / hour
Service Technician II 3 salaries reported $46,237 / year
Packager 3 salaries reported $15.43 / hour

How much do top financial advisors make?

Financial Advisors made a median salary of $88,890 in 2018. The best-paid 25 percent made $157,710 that year, while the lowest-paid 25 percent made $57,290.

How do financial advisors get paid?

A financial advisor receives a trailer fee, which is a fixed percentage of a client's investment in a mutual fund, as long as the client's money remains invested in the fund. Also, financial advisors are typically paid out of front- or back-end loads that a mutual fund charges when its shares are bought or sold.

How much does it cost to leave Edward Jones?

Edward Jones has account closure fee of $95 for both taxable and non-taxable (IRA) accounts.

How long does it take to get your money from Edward Jones?

Funds are generally available for withdrawal after three business days. There is a 10-business-day hold on checks deposited in accounts open 30 days or less. Deposits are subject to daily and monthly limits.

How hard is it to become a financial advisor?

If you are not good at sales or cannot learn within a short timeframe, you're gonna have a bad time. It's hard to start a career as a financial advisor because no matter how great you are at recommending sound financial decisions and tools, at the end of the day you have to bring in new clients.

What is Edward Jones Advisory Solutions program?

Edward Jones is a dually registered broker-dealer and investment adviser. Edward Jones Advisory Solutions® is a wrap fee program that provides investment advisory services. Your Edward Jones financial advisor can provide a prospectus, which you should read carefully before investing.

How much do Raymond James Advisors make?

Raymond James Financial Financial Advisor Salaries. The typical Raymond James Financial Financial Advisor salary is $50,040. Financial Advisor salaries at Raymond James Financial can range from $18,669 - $210,286.

What do financial advisors do?

What Do Financial Advisors Do? A financial advisor helps you create strategies for eliminating financial risk and building wealth over the long term. They can give you a game plan that puts you on track to achieve your financial goals. Simply put, financial advisors help you with all types of financial planning.

How much money does the average financial advisor manage?

Insurance and employee benefit funds: $85,140
National Financial Advisor Salaries
Percentile 10th 50th (Median)
Hourly Wage $19.99 $42.73
Annual Wage $42,950 $87,850

What is the AAMS certification?

Accredited Asset Management Specialist (AAMS) is a professional designation awarded by the College for Financial Planning (CFP) to financial professionals who successfully complete a self-study program, pass an exam, and agree to comply with a code of ethics.

What do financial advisor interns do?

College students who are interns at Legend Financial Advisors research investments and prepare presentations on them, update financial plans, review client notes to make sure tasks are being completed, prepare for client meetings and work on other projects. Some also attend college job fairs.

What financial advisors are fiduciaries?

Bankers, attorneys, officers of public companies – all are fiduciaries. They must act in the best interest of their customers, clients or shareholders. If they don't, they are legally liable. Similarly in the investment world, fiduciary financial advisors manage client assets with the clients' best interests in mind.

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.