Edward Jones, a Fortune 500 firm, provides financial services for individual investors in the United States and, through its affiliate, in Canada.
The firm has more than 17,500 financial advisors who care for more than 7 million clients with more than $1 trillion in assets under care.
Is Investing with Edward Jones a good idea?
Edward Jones is a full-service brokerage firm. The service can work well for large investors ($10 million and up) due to the combination of competitive advisory fees and professional investment management. Most individuals will pay heavily in annual fees, compared with other, cheaper options.
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.
How does Edward Jones 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 much does Edward Jones charge in fees?
A-share mutual funds have a large up-front fee and C-share funds have a level fee structure. The Advisory Solutions program requires a $25,000 account minimum and charges an annual fee ranging from 0.50% to 1.35% based on the amount of assets under management.