How much commission does an Edward Jones financial advisor make?
Your financial advisor generally receives between 36% and 40% of the revenue Edward Jones receives from asset- based fees, transactional revenue, ongoing 12b-1 fees, trail commissions, and revenue from premiums generated by activity in your accounts.
How do advisors at Edward Jones make money?
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 is Edward Jones worth?
The company currently has relationships with nearly 8 million clients and $1 trillion in assets, under management worldwide….Edward Jones Investments.
| Trade name | Edward Jones Investments |
|---|---|
| Revenue | US$10.165 billion (2020) |
| Net income | US$1.285 billion (2020) |
| Total assets | US$1.27 trillion (2019) |
How is Edward Jones different?
Edward Jones emphasizes personal service with its business model by staffing each office with just two people—a licensed broker and a branch office administrator who handles the administrative tasks. The broker is solely responsible for bringing in business to the branch. In this way, a broker runs their own office.
Is my money safe with Edward Jones?
Account protection (SIPC) Edward Jones provides account protection for your securities, except annuities and insurance, held in your brokerage account. The Securities Investor Protection Corporation (SIPC) provides $500,000 of coverage for missing securities, including $250,000 for claims of cash awaiting reinvestment.
How does Edward Jones rank?
Louis financial services firm Edward Jones appears on the Fortune 500 list, which ranks the largest U.S. companies by revenue. Edward Jones moved up 41 spots to No. 295, with more than $10.2 billion in net revenue for 2020, an increase of 6.7 percent.
How much money does Edward Jones have under management?
The company serves about 7 million investors and has $1.3 trillion in assets under management. With tens of thousands of branch locations throughout the U.S. and Canada, Edward Jones is one of the brokerage firms wi the most offices across the U.S.
How much does it cost to start Edward Jones?
Extensive fund choices The initial investment minimum to open an account is $5,000.