Edward Jones Employee Reviews about "door to door"

Updated 13 Jan 2021

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4.0
73%
Recommend to a Friend
90%
Approve of CEO
Edward Jones Managing Partner  Penny Pennington
Penny Pennington
509 Ratings
Pros
Cons
  • "Old school mentality to prospecting (door knocking strongly encouraged)(in 221 reviews)

  • "The emphasis they place on door to door prospecting(in 170 reviews)

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Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

Reviews about "door to door"

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  1. Edward Jones - Financial Advisors | Division of Edward Jones

    "Stock Broker and IFA"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Stock Broker and IFA in Birmingham, England, England
    Doesn't Recommend
    Neutral Outlook
    No Opinion of CEO

    I worked at Edward Jones full-time for more than a year

    Pros

    Good training and quickly put through exams

    Cons

    Cold calling door to door. Products offered not always best on market

    Continue reading
  2. Edward Jones - Financial Advisors | Division of Edward Jones

    "Incredible training"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Diversity & Inclusion
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor in Indianapolis, IN
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Edward Jones full-time for more than a year

    Pros

    Best training in the industry

    Cons

    Door to door is not fun

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  3. Edward Jones - Home Office | Division of Edward Jones
    Helpful (3)

    "Best place to work!"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Advisor 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Edward Jones full-time for more than 3 years

    Pros

    - The training and time they put into helping new advisors succeed is second to none. - The help from veteran advisors and willingness from others in the region is incredibly helpful. - The pay is competitive. - Field Supervision and Home Office help more than you can describe here. - Private company versus public has huge benefits for the employees.

    Cons

    - The emphasis they place on door to door prospecting. - The amount of changes that occur and as often as they occur is hard to keep up with as a branch team which can affect the Advisor’s pay in certain situations.

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  4. "good"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Diversity & Inclusion
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor in Toronto, ON

    I worked at Edward Jones full-time for more than a year

    Pros

    great support from company lots of benefits

    Cons

    walking door to door to build book of business

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  5. Edward Jones - Financial Advisors | Division of Edward Jones
    COVID-19
    Helpful (7)

    "Understand what this is"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor Trainee 
    Doesn't Recommend
    Negative Outlook
    No Opinion of CEO

    I worked at Edward Jones full-time for less than a year

    Pros

    Autonomy of your work Lots of upward potential Great networking opportunities

    Cons

    Churn and burn model; They know their attrition rate is terrible thats why they hired you and about 50 of your neighbors Bring a book of business or a plan because if something throws a wrench in the door to door model like a global pandemic; dont expect anyone to tell you how to succeed Legal jargon in the contract you sign from the beginning threatens to hold you responsible for a large loan for "training fees" if you complete all the required training.

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  6. Edward Jones - Financial Advisors | Division of Edward Jones
    Helpful (2)

    "Great Growth Environment"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Advisor in Rockford, IL
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Edward Jones full-time

    Pros

    Lots of support and encouragement. Incredible Opportunity to build your own business with the whole firm behind you. Lots of Training Will take a lot of time to get going but great benefit down the road/ No need to buy in

    Cons

    Must find your own leads. Not guaranteed a book of business/ expect build from scratch May need to go door to door to start

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  7. Edward Jones - Financial Advisors | Division of Edward Jones

    "Antiquated marketing"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Diversity & Inclusion
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor 

    I worked at Edward Jones full-time

    Pros

    Strong brand strong brand strong brand

    Cons

    Door to door prospecting is antiquated

  8. Edward Jones - Financial Advisors | Division of Edward Jones
    Helpful (42)

    "Fantastic pedigree and business opportunity; nepotism at the regional level ruins it."

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Advisor in Indianapolis, IN
    Recommends
    Neutral Outlook

    I have been working at Edward Jones full-time for more than 5 years

    Pros

    Unlimited compensation potential.For most people starting new (Level-New), the onboarding and training process is head and shoulders above what you'll see at other large firms. During the hiring process, you'll do a business plan; a 'virtual day in the life' assessment, and at least three phone/in-person interviews. Edward Jones will then extend an offer. Day one, while studying to take the Series 7 and 66 exams, you'll be paid an hourly wage. 40 hours is recommended for study time, but you can do extra hours and get paid time and one half for additional work you put in (wink-wink). Once you pass the exams, you'll go to either St Louis, MO or Tempe, AZ for your "Know your Customer" training. Following this training, you'll be expected to hit the streets, making 25 contacts per day. At this point, you'll be on salary, but ineligible to earn commissions until you complete a requisite number of contacts over a 5-6 week period. You'll be told that you can make these contacts any way you deem necessary, but the only true way you'll get 25 quality contacts per day is by going door-to-door. In order for a contact to be considered "quality", you must have a name, a phone number, and permission to contact them. This last part is very important because these are the people you'll be calling on when you go back for "Launch your Practice" which is essentially a glorified graduation where you can officially call yourself a Financial Advisor. After evaluation-graduation. you still won't know a whole lot about being a financial advisor, though you will have mastered making contacts, handling objections, and setting appointments. Then, over the next 17 weeks, you'll work under the mentorship of an experienced Financial Advisor. You'll have a home-office coach, a field trainer, a level-leader, and anyone else you decide to take advice from. This firm is really well known for its helping culture. Just about any other FA will help you...but you have to ask.

    Cons

    Lead generation is cold-calling; primarily door-to-door. The decision on how you will start will be delegated to the leadership in the region you join. Here are a few examples: A. You start new. Nobody shares anything. You create your book of business. You keep what you kill and watch others joining the firm after you pass you in earnings. This is what we call New-New and it is very difficult to start this way, though the home office swears that many successful advisors build their business this way. B. Somebody quits because they've started as type "A", and you take over that book. You'll spend a great deal of time convincing clients that you aren't a quitter, but you'll be held to a higher production standard since you received these assets. Might as well be A. C. If you are lucky, perhaps you've demonstrated your determination during the 17 weeks and another FA (or several FAs) pool some assets and clients to get you started. By the way, these won't be people they enjoy working with; however, you may have better chemistry with the clients. That doesn't mean you've made it though. You'll need to continue door-knocking and asking for referrals until your business is profitable and sustainable for you. Keep in mind that your salary will drop off at year 5 and your highest ever commission will be 40% of revenue. There is a suggestion that you should have gathered $26 Million in assets by year 5 to be successful. Here's some math on that: 1. $26 Million (assume that half is in Guided Solutions) 2. $13 Million X 1.35% = $175,500 x 40% = $70,200 to you 3. There may also be residuals from the other half of your book, but keep in mind that stocks, bonds, CDs, and other investments only pay once. So, once you sell a $1M in 30-year municipal bonds, you're never getting paid on that asset again. D. You are the chosen one. EDJ recruited you from another firm where you might be able to bring assets over. (By the way, Edward Jones will sue you if you leave and try to take clients, but they'll darn sure poach from other firms.) You'll never knock on a single door. FAs in category C will resent you a bit, but those in A or B will hate your guts. E. You are the family member of a retiring FA, or you come from a line of Edward Jones royalty. Don't worry, you'll never knock on a door, you'll advance profitability levels very quickly as you are handed tens of millions of $ in assets to work with. You'll quickly surpass people in categories A, B, and C, even though you joined the firm three years after they did. You'll be lauded for the business you've built and encouraged to mentor those beneath your level of production. You'll make over $200K per year to start and those poor schleps who were 'successful' at building a business will be happy with their $70K at year 5.

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  9. Edward Jones - Financial Advisors | Division of Edward Jones
    Helpful (3)

    "Good place to end up, bad place to start"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor in New Brunswick, NJ

    I worked at Edward Jones full-time for more than a year

    Pros

    A lot of freedom...you are not set to a traditional schedule but you are putting in far more than 40 hours a week Guidance and support are easily available from peers and home office employees Salaried worker for the first four years to help you get by while building your book. Great bonuses and trips

    Cons

    Sales generation is based off door to door if you do not already have existing clients to bring in The culture isn't for everyone, but for those who buy in it can be a great place for them to work

  10. Edward Jones - Financial Advisors | Division of Edward Jones
    Helpful (2)

    "Tough for young advisors"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Diversity & Inclusion
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor in Elgin, IL
    Doesn't Recommend
    Neutral Outlook
    No Opinion of CEO

    I worked at Edward Jones full-time

    Pros

    Potential to build your own business

    Cons

    Going door to door to try and gain clients

Viewing 1 - 10 of 170 Reviews

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