What is the minimum investment for Edward Jones?

Does Edward Jones require a minimum investment?

Edward Jones Guided Solutions® is a client-directed advisory program designed to provide the client with ongoing investment advice, guidance and services for an asset-based fee. … There is no minimum investment for a Select Account; however, some investments in Select Accounts require minimum purchase amounts.

What is the average account balance at Edward Jones?

Edward Jones, for instance, has built its business on people of modest means: Its average account size is $90,000.

Is Edward Jones fee only?

For its Guided and Advisory accounts, Edward Jones charges an asset-based fee based on how much you have invested with the firm and the services provided. The flat fee is based on a tiered schedule, ranging from 1.35% for your first $250,000 invested down to 1% or less for $1.5 million or more invested.

What percentage does Edward Jones charge?

Edward Jones Review – High Fees, Poor Reviews

Edward Jones Details
Trade Transaction Fee $4.95
Trade Commissions Up to 2.50%
Management Fee 0.50% to 1.35%
Account Type Roth, Traditional, SEP, SIMPLE, 529, Taxable

Can you make money with Edward Jones?

Financial advisors at Edward Jones are primarily compensated on a straight commission basis. They get paid by selling customers financial products that generate commission revenue to the firm and themselves. Most financial advisors in the broker-dealer industry are paid on a roughly similar model.

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Does Edward Jones have a money market account?

Edward Jones provides money-saving products, including competitive CD rates, money market accounts, and savings accounts.

Is working for Edward Jones worth it?

94% of employees at Edward Jones say it is a great place to work compared to 59% of employees at a typical U.S.-based company. Our customers would rate the service we deliver as “excellent.”

How much should I expect to pay a fee only financial advisor?

How much does a financial adviser cost? The cost of seeing a financial planner can range from $2,500 to $3,500 to set up a plan, and then about $3,000 to $3,500 annually if you have an ongoing relationship with the planner, according to the Financial Planning Association (FPA).

Is Charles Schwab better than Edward Jones?

Employee Ratings. Charles Schwab scored higher in 3 areas: Compensation & Benefits, % Recommend to a friend and Positive Business Outlook. Edward Jones scored higher in 4 areas: Career Opportunities, Work-life balance, Senior Management and Culture & Values. Both tied in 2 areas: Overall Rating and CEO Approval.