Does Edward Jones Pay A Salary?

Salaries at Edward Jones range from an average of $31,104 to $119,133 a year.

Edward Jones employees with the job title Information Technology (IT) Director make the most with an average annual salary of $149,844, while employees with the title Secretary make the least with an average annual salary of $22,313.

How do Edward Jones agents get paid?

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.

How often does Edward Jones pay?

We anticipate financial advisors will increase their commission payout approximately every 12-18 months. In year 5, your commission payout will increase to 36-40%. Your commission payout is subject to the firms earning conditions.

Are Financial Advisors paid salary?

Salary. In 2017, the median annual salary for financial advisors was $90,530, while the highest-paid earned more than $200,000. Many banks and brokerage firms compensate employees with a base salary, then add bonuses for bringing in new client accounts or selling certain products over others.

Does Edward Jones pay for your office?

To qualify for an office and Branch Office Administrator (call them a secretary or assistant and you will be castrated), you have to make it through PDP. There is no cost to the agent, rent and BOA salary are covered by Jones.

Does Edward Jones have high fees?

High Fees — The investment management fees are over 1% per year, unless your portfolio is larger than $2.5 million. Along with the high commissions, this is not a platform to trade such investments. Potential to Churn Accounts — This isn’t an issue that’s specific to Edward Jones, but any full-service broker.

How much does Edward Jones pay?

Edward Jones pays its employees an average of $52,481 a year. Salaries at Edward Jones range from an average of $31,104 to $119,133 a year.

How much does an Edward Jones partner make?

A Partner at Edward Jones earns an average of $103,415, ranging from $57,631 at the 25th percentile to $129,470 at the 75th percentile, with top earners (the top 10%) earning more than $186,361. Compensation is derived from 26 profiles, including base salary, equity and bonus.

Do financial advisors make good money?

Financial advisors have a median annual salary of nearly $89,000, and the highest-paid ones can make over $200,000. It pays to know how to handle money – literally. If you’re good enough to help manage the financial situation of others, you just may be able to fetch an impressive salary for yourself.

Does Edward Jones pay for licensing?

Edward Jones may also pay for additional expenses. Contact the Recruiting department for additional information. A. Although we prefer that our applicants have a college degree, it is not a requirement. A. No.