Today we review Edward Jones Investments for you. What is Edward Jones Investments? Will it be beneficial for you and your investment goals? Should you look at other alternatives? These are just a few questions we help you answer!
Name of the Company: Edward Jones Investments
Official Website URL: https://www.edwardjones.com/index.html
Owner: Edward D. Jones &Co., L.P.
Overall rating: (3 / 5)
Recommended? : Yes (But you should seek the opinion of several financial advisors before investing your funds)
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 in. There are so many reviews online of clients being ripped off and scammed. So please investigate thoroughly and compare different alternatives before you make your decision.
One example: 99.9% of companies got “pushy” salespeople trying to stress you into acting fast.
Here is the thing, the #1 Recommended Gold & Silver IRA Dealer on our top-5 list got No-salesy representatives… So they won´t bother or terrorize you with phone calls.
You are a smart person, so I am sure that you understand the benefits of dealing with such a company instead, right?
+They got a couple more benefits you might appreciate as much as I do. You will understand yourself once you have visited the page (link) above.
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With that being said, let´s continue with the review on Edward Jones!
Edward Jones Investments is a renowned firm, and you may likely have heard about it or even done some business with it. It is also possible that you have a rough idea or no idea about it. In this article, we shall dig deeper to discover what this firm is doing in the market. To remain objective, we shall be answering the following questions:
- What is Edward Jones Investments?
- How does it work?
- What are the products and services that Edward Jones offers?
- Is Edward Jones Investments a legit company?
- Are there any investment opportunities that one can take up with this company?
- Which are the unique advantages and disadvantages of those who work with the Edward Jones Investments site?
- Are there better alternatives out there?
What is Edward Jones Investment?
Edward Jones Investment, or simply Edward Jones as many people call it, is a financial services company based in St Louis, Missouri, USA. This firm currently serves clients from Canada and the USA through its many branches distributed all over the two geographical regions. Edward Jones has managed to establish business ties with an estimated 7 million clients who have entrusted them with an estimated $1 trillion in assets.
This company has since being founded been under the leadership of six managing partners, with the current one, Penny Pennington, being the first and only woman to head a major brokerage firm in the USA.
Edward Jones was formed in 1922 and has since grown to a multinational firm with an employee count of more than 13,000 financial advisors. Most investors coming to this firm can have their funds channeled into Roth IRAs or Traditional IRAs. These funds are then invested in various financial instruments such as stocks, Unit Trust Investments, ETFs and mutual funds, and bonds.
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How does it work?
Edward Jones has a unique business model in which the various financial advisors are distributed in all of its branches. If one wants to access a financial service, they have to access a local financial advisor working under Edward Jones. In most cases, the process followed by most investors is as below:
1. Visit a local financial advisor in any Edward Jones branch and open a Roth IRA or a traditional IRA account.
2. Transfer your funds to your newly created account or begin setting aside money for that account periodically.
3. Select the financial instrument that you want the money in your IRA to be put into to create returns for you.
4. Get the financial advisor’s advice regularly, as they seek to help you grow your wealth.
Clients can also access other wealth management solutions based on their specific preferences. These services include:
-Estate Planning &Trust Services.
-Client Consultation Group.
Products and services offered by Edward Jones Investments
Edward Jones has several offerings to its clients. All of them are priced differently based on their value to the investors. Since the financial advisors offer advisory services to their investors and provide solutions, they essentially get to earn through a commission-based model. Some of the main products that Edward Jones offers are priced as below:
1. Account services –Clients get charged anywhere between $0.10 to $500, depending on the size of their investment portfolio.
2. Cash Management Solution-Clients get charged $3 per month.
3. Business Cash Management Solutions-Clients get charged $35 per year.
4. Additional services: Clients get charged anywhere between $3 to $ 100+, depending on the type of service offered.
Are the services and products it offers genuine?
Edward Jones exists as a genuine brokerage firm with several genuine offerings to its clients. The firm, a subsidiary of The Jones Financial Companies, L.L.L.P, has been in operation since 1922. Its survival for that period only tells volumes about its genuineness. Also, the firm has assets worth more than $1 trillion from more than 7 million investors, which more than 13,000 financial advisors are guiding. Gaining the trust of such a high number of investors is not a walk in the park. Edward Jones is one of the largest brokerage firms in the United States of America, and it would have already warranted a shutdown by the government if it was not a genuine company.
There are reviews about this company on consumer trust sites. A major thing that one can note is that this firm has faced a controversial past in which it has had to part with hefty fines. Some customers have raised concerns about not being served appropriately in various sites.
The reviews about this firm are available on Indeed (https://www.indeed.com/cmp/Edward-Jones/reviews), FitSmallBusiness.com (https://fitsmallbusiness.com/edward-jones-reviews-pricing/), Investor Junkie (https://investorjunkie.com/29127/edward-jones-review/), The Balance (https://www.thebalance.com/who-is-edward-jones-2466520), and many more. One thing to note about this firm is that it is very suitable for investors who are okay with relying on a long-term buy-and-hold investment strategy.
Edward Jones has its doors open to various types of investors who, in one way or another, are out to amass wealth through channeling their funds into IRAs and having that money invested in several financial instruments. Edward Jones has a pool of financial advisors whose main duty is to help you manage your investments by providing advisory services to you.
Pros and Cons
It is always wise (and recommended) to compare the positive sides against the negative ones before making any decisions. As always in our reviews, we provide you with some clear points on both sides of the spectrum:
-Has very many branches distributed all over the USA and Canada.
-It is trustworthy
-Professional Advisory services are provided.
-Provides you with a passive form of income.
-Has low fees charged on the high balance accounts.
– It is expensive for people with low account balances.
– it is not an excellent platform for active traders.
-Has some major negative reviews on online consumer trust sites.
Do You Own or Represent Edward Jones Investments?
If you are a representative or associate of Edward Jones Investments 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 get the e-mail on the about page.
Final words and verdict
Overall rating: (3 / 5)
Ok, I think that sums up the overall view of this company pretty well. I believe it is a legit one. However, I also think the service could be better delivered, in the form of refundable and maybe a bit less costly… However, if you are very into any areas covered in the different subscriptions, you might want to check them out.
As always, the decision is up to you to make,
please do not invest more money than you can afford to lose in this kind of information, especially when there are no refunds.
What would I recommend?
You made a wise decision to read this review, and you are a smart person, so I am sure that you will find the right service that suits your particular needs the best.
There are many similar services out there. Some offer you A LOT of info for free, so you do not need to pay to get some real and legit advice. The absolute best one I can recommend in that case is Augusta Precious Metals. Their free service is better than many others that you have to pay for.
I hope you found this short review of Edward Jones Investments helpful and that you now have a better understanding of what it is and if it is something for you. If you have used any of their services, share your experience in the comment section below, as it can help others. Also, if you got any questions about this review, I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com