Is edward jones a fee only financial planner
Is Edward Jones commission or fee based?
Your financial advisor generally receives between 36% and 40% of the revenue Edward Jones receives from asset- based fees, transactional revenue, ongoing 12b-1 fees, trail commissions, and revenue from premiums generated by activity in your accounts.
Does Edward Jones charge high fees?
Some of the products Edward Jones sells come with high fees, such as life insurance and annuities. But that will be true at any other firm for those same financial products. EJ says that 36% to 40% of these commissions go straight to the advisor.
What is a normal fee for a financial planner?
about 1%
The average fee for a financial advisor generally comes in at about 1% of the assets they are managing. The more money you have invested, however, the lower the fee goes.
Is Charles Schwab better than Edward Jones?
Charles Schwab is most highly rated for Work/life balance and Edward Jones is most highly rated for Culture. Learn more, read reviews and see open jobs.
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Overall Rating.
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Overall Rating.
| Overall Rating | 3.9 | 3.8 |
|---|---|---|
| Compensation and benefits | 3.8 | 3.5 |
| Job security and advancement | 3.4 | 3.2 |
| Management | 3.5 | 3.4 |
| Culture | 3.8 | 3.7 |
What percentage does Edward Jones charge?
The Program Fee is 1.35% and the Portfolio Strategy Fee begins at 0.19%. These fees are tiered so additional invested assets are subject to lower fees.
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.
Who is Edward Jones biggest competitor?
Edward Jones’s top competitors include BlackRock, Goldman Sachs, Morgan Stanley and Vanguard. Edward Jones is a financial services firm dedicated to serving the needs of individual investors.
How long does it take to get money from Edward Jones?
Our general policy is to allow you to disburse or withdraw funds deposited to your account between four and six business days from the date of deposit. If you are a new Edward Jones client (client for less than 30 days), funds may be held until the 11th business day.
Does Schwab have hidden fees?
Charles Schwab at a glance
$0. No base commission; $0.65 per contract. No annual or inactivity fee; $25 for full or partial transfer out of assets, $15 if this is done online. Over 4,200 no-transaction-fee mutual funds.
Who is better Raymond James or Edward Jones?
Edward Jones’s brand is ranked #200 in the list of Global Top 1000 Brands, as rated by customers of Edward Jones. Raymond James Financial’s brand is ranked #936 in the list of Global Top 1000 Brands, as rated by customers of Raymond James Financial.
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Edward Jones vs Raymond James Financial.
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Edward Jones vs Raymond James Financial.
| 61% | Promoters |
|---|---|
| 22% | Detractors |
Is Edward Jones independent?
We believe so. Unlike many financial organizations, Edward Jones purposefully remains a privately owned partnership. Without having to meet the short-term expectations of shareholders, Edward Jones can support its financial advisors in growing their practices.
Who is better Edward Jones or Morgan Stanley?
Edward Jones is most highly rated for Culture and Morgan Stanley is most highly rated for Work/life balance.
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Overall Rating.
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Overall Rating.
| Overall Rating | 3.8 | 3.8 |
|---|---|---|
| Management | 3.4 | 3.4 |
| Culture | 3.7 | 3.6 |
Does Raymond James have high fees?
Relatively low minimums for investment services: Compared to many other financial advisor firms, Raymond James has relatively low account minimum requirements for its various advisory programs that charge wrap fees. The lowest minimum required to open such an account with Raymond James is just $5,000.
How many clients does Edward Jones have?
It serves investment clients in the U.S. and Canada, through its branch network of more than 15,000 locations and 19,000 financial advisors. The company currently has relationships with nearly 8 million clients and $1.7 trillion in assets, under management worldwide.
Is fidelity better than Raymond James?
Fidelity Investments employees rated their Overall Rating 0.3 higher than Raymond James Financial employees rated theirs. Fidelity Investments employees rated their Career Opportunities 0.4 higher than Raymond James Financial employees rated theirs.
Is Raymond James better than Merrill Lynch?
Results were generated by 77 employees and customers of Merrill Lynch and 17 employees and customers of Raymond James Financial. Merrill Lynch’s brand is ranked #568 in the list of Global Top 1000 Brands, as rated by customers of Merrill Lynch.
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Merrill Lynch vs Raymond James Financial.
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Merrill Lynch vs Raymond James Financial.
| 28% | Promoters |
|---|---|
| 9% | Passive |
| 63% | Detractors |
Is my money safe with Raymond James?
FDIC PROTECTION FOR BANK DEPOSITS
Accounts held at Raymond James Bank, N.A. or in the Raymond James Bank Deposit Program are insured by the Federal Deposit Insurance Corporation (FDIC), an independent agency of the United States government established by Congress in 1933.
Is Raymond James better than Wells Fargo?
Employee Ratings
Raymond James Financial scored higher in 8 areas: Overall Rating, Career Opportunities, Work-life balance, Senior Management, Culture & Values, CEO Approval, % Recommend to a friend and Positive Business Outlook. Wells Fargo scored higher in 1 area: Compensation & Benefits.