Ranked at Top of List for Best Advisor Pay| Edward Jones (2024)

FAQs

How much does a top Edward Jones advisor make? ›

J.D. Power, the data analytics company, ranked Edward Jones the highest in investor satisfaction with full-service brokerage firms in 2021. 2 Edward Jones also ranked the highest in 2002, 2005-2007, 2009, 2010, 2012, and tied in 2015.

5 years after starting, 38% of Financial Advisors are still with Edward Jones. The other financial advisory firms had a rate in the low 20's.

Edward Jones also raised its four other named executives' pay. Andrew Miedler, chief financial officer, earned $14.6 million, a 35% increase from $10.8 in 2022. Kenneth Cella, Jr., head of branch development, took home $19.3 million, a 4.5% increase from $18.5.

If you open a brokerage account, such as an Edward Jones Select Account, your financial advisor earns revenue by receiving a portion of the transactional costs you pay for your investments, as well as from certain ongoing payments the firm receives from third parties.

We help you secure your financial future with a compensation program that rewards you based on the success of the firm – and your individual performance. Our firm trimester bonus program is flexible. It's driven by the profitability of our branch teams – expanding in strong markets and contracting in leaner times.

According to J.D. Power, Edward Jones did particularly well in the investment adviser and investment performance factors while Fidelity did well with account information and account offerings.

All Edward Jones advisors are fiduciaries and are legally bound to act in their clients' best interests. However, Edward Jones is not worth the fees. The services provided by Edward Jones are quite basic, and most individuals can achieve similar results with minimal research and a little bit of know-how.

Advisors at Raymond James & Associates put their firm at the top of Registered Rep.'s Annual Broker Report Card, with perennial top scorer Edward Jones in second place. Wirehouses, some of whose advisors are still unhappy over integration issues from the mergers that followed the financial crisis, trailed behind.

The common ground is that they all want more control—over how they are compensated, how they service clients and how they live their business lives.

Do Edward Jones advisors have quotas? ›

It's also important to consider that at Edward Jones, we have a single profit center: our financial advisors serving their clients. That means financial advisors have the freedom to recommend solutions based on clients' needs, rather than product quotas.

Edward Jones is expensive for their scope of services. Save money and find a better solution like an independent RIA who is fiduciary for you and your family? Edward Jones is expensive. You don't need to pay 30% to 50% more for an advisor.

Total Salary Range for Edward Jones Financial Advisor

The estimated total pay range for a Financial Advisor at Edward Jones is $113K–$207K per year, which includes base salary and additional pay. The average Financial Advisor base salary at Edward Jones is $79K per year.

In addition to ranking No. 1 overall, Edward Jones ranked No. 1 in professional development and compensation. Edward Jones has been the top performer among employee-channel firms in 13 J.D. Power advisor satisfaction studies, which were completed in 2007, 2008, 2010, 2012-2015, 2017-2022.

Edward Jones Select Account

Commissions and sales charges when you buy and sell investments, generally ranging from 0.75% to 5.75%, which may be lower and vary based on the type and amount of the investment you trade. Some investments have third-party internal expenses.

While ZipRecruiter is seeing salaries as high as $142,115 and as low as $35,529, the majority of Financial Advisor salaries currently range between $74,000 (25th percentile) to $129,300 (75th percentile) with top earners (90th percentile) making $135,205 annually in California.

This fee can range from 0.5% to 2%. Advisors that charge a percentage usually want to work with clients with a minimum portfolio of about $100,000. This makes it worth their time and will allow them to make about $1,000 to $2,000 a year.

All Edward Jones advisors are fiduciaries and are legally bound to act in their clients' best interests. However, Edward Jones is not worth the fees. The services provided by Edward Jones are quite basic, and most individuals can achieve similar results with minimal research and a little bit of know-how.