Hello and welcome to another review at Gold retired. Today’s review is about Edward Jones. What is Edward Jones? What are the products and services it offers? What are the IRAs offered, and how much are the IRA fees? How does it rank compared to our #1 Recommended companies? Without further ado, let’s begin!
Who is it for? People who would like to invest in an IRA.
Overall rating: (2 / 5) NOT RECOMMENDED
Important to mention before we go into more details of this review:
We strongly recommend doing your research online before choosing a company to invest with. There are so many reviews online of clients being ripped off and scammed. The most common way people are getting scammed is through so-called “hidden-fees,” so please investigate thoroughly before deciding.
With that being said, let´s continue with the review on Edward Jones!
When it comes to investing your hard-earned money, you can never be too safe. Even if the company you’re thinking about seems huge and a lot of people are working with it, it’s always highly recommended to investigate it thoroughly before making your decision. Those same people can be completely unsatisfied with the customer service, products, and overall experience. Getting all the necessary information about a company can be a bit of a hassle, luckily, we at Gold Retired save you that effort and helps you choose the company that suits you the best through a series of reviews about different companies!
The company we’ll be discussing today is huge, but is it worth considering? Let’s find out!
So, What is Edward Jones?
Based in St. Louis, Missouri, and founded in 1921, Edward Jones is a financial consulting firm that offers financial services, including IRAs. This company has over $7 Billion in revenue and over 45,000 employees as of 2017.
This company has been penalized for Municipal bonds overcharging as explained in the following excerpt taken from Wikipedia:
On August 13, 2015, the Securities and Exchange Commission required Edward Jones to pay a $20 million fine because, according to the SEC: “Edward Jones undermined the integrity of the bond underwriting process by overcharging retail customers by at least $4.6 million and by misleading municipal issuers.”
Here’s a screenshot of the Physical address of Edward Jones:
What are the products and services offered?
Edward Jones allows you to hold the following assets in your IRA:
- certificates of deposit (CDs)
- mutual funds
Edward Jones offers Traditional and Roth IRAs.
**Want to see what IRA solution I would recommend? Click here
Here’s a screenshot of Edward Jones’ IRA fees:
Click here to check out their full fee schedule ( opens in new window )
==> Want to take a look at our #1 recommended IRA solution instead?
Does Edward Jones allow you to invest in precious metals?
Edward Jones doesn’t include precious metals in the list of products you can invest in, they even discourage people from investing in precious metals. Check out the following excerpt from their website:
We recommend long-term investors avoid gold and other
precious metals and limit broad-based natural-resource
investments to no more than 5% of their portfolios.
I honestly don’t see the reason behind this. Investing in precious metals offers multiple benefits, and I highly recommend it.
Click here to find out how to get the most out of investing in gold!
Edward Jones serves clients in the USA and Canada.
What about online ratings and reviews?
Here is what the top review websites have to say about Edward Jones:
NOT Accredited by the BBB.
Customer reviews: (1 / 5) + 20 complaints closed in last 12 months.
Edward Jones failed to respond to 2 complaints filed against it! Here’s an example of the horrible complaints they have:
Click here to come to the BBB website where these complaints can be found (opens in new window)
Rating: Edward Jones is a multi-location business. The reviews on Yelp vary depending on the location. Some of its locations have a 5-star rating, but others have a 1-star rating. Overall, the reviews on Yelp are not that much.
Based on these reviews, I would definitely avoid working with Edward Jones. They have horrible complaints and a bad rating on the BBB website, but they also failed to respond to some of these complaints! Most of the people who worked with them are completely unsatisfied with them, especially their customer service. A financial advisor with bad customer service is surely something to stay away from.
Learn about the #1 rated company by most 3rd part consumer protection agencies in the industry on this page
Do you Own or Represent Edward Jones?
If you are a representative or associate of Edward Jones and have found something not to be correct in this review, please, feel free to tell, and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or else you got the e-mail on the about page.
Final Words and Verdict
Overall rating: (2 / 5)
I think this sums everything about Edward Jones. This company is huge, it has a decent website that easy to navigate and that includes useful information, but the complaints and bad reviews it has are just too many!
There are definitely better alternatives out there for you to consider.
What IRA company do we recommend?
You made a wise decision to read this review, and you are an intelligent person. I am sure that you will find the right company that suits your needs the best. I would advise you to compare different alternatives against each other before you decide. Below you got my absolute #1 recommended IRA custodian:
That’s all for this review! I hope you now know everything about Edward Jones and why you should look in other directions. If you have any questions, remarks, or personal experience with this company, please share it in the comments. I’ll be more than happy to answer.
See you next time!
Owner of: Gold retired.
- Transparent Fee Schedule on website
- Wide Selection of Investment Alternatives
- NOT Accredited by the BBB
- Many Negative Reviews Online
- No Precious Metals IRAs
- No Cryptocurrency Alternatives