Looking into working at Edward Jones as a Branch Office Administrator. Any opinions on how this company is to work for would be appreciated.
2006-12-14 04:23:57 · 6 answers · asked by Anonymous in Business & Finance ➔ Investing
Nothing wrong with it but basically you are a secetray working at a brokerage firm but you get your foot in the door to actually selling securities with a series 7 license (where the big bucks are) . I started my inevsting career with EJ learned a lot before migrating to self investing where I have done even better. The brokers make their money on select securities that EJ offers typically 5.25% of the investment meaning for every $100 they get $5.25. It adds up quickly. The ones I have dealt with are really big on community relations. If you get in great get ready to learn.
Good Luck
2006-12-14 17:37:47 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You many not be working for Edward Jones. You may be working for the office manager. Ask the manager how many dollars of accounts the office has and how many different accounts. That will give you an idea of your potential future. Should have about $ 50 million is account dollars and at least 300 different accounts.
2006-12-14 05:45:07 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I had a friend who invested iwith Edward Jones. It was an awful situation, that may not be true of all offices. My friend was very low net worth yet they still charged him for everything. According to my friend, they even charged him for depositing money in his account. I am suprised to hear that, but my buddy, who was a little financially inept insisted it was true.That was terrible. Even a deposit of $300 or so cost him $15. Furthermore, the advisor at Edward Jones was new to the career, changing from being a teacher. He was inept and all the advice was from the EJ central office.
Now, also I am make a good deal of income trading on top of my job as an industrial designer. I'm pretty in the know and make a huge return trading. So, I was giving advice to my buddy about what investments are appropriate for today's market. His advisor wouldn't consider it, because it 'didn't test well on the risk measures' that were canned by EJ. It also seemed like the advisor felt he had to compete with me and was offended. This is dangerous. The return he was getting from dismally bad. So, eventually by buddy gave me power of attorney on a Scottrade account, he ditched EJ and I traded for my buddy no charge. I'm a nice friend :) But it would also be illegal to charge since I am not licenced. I hate seeing innocent people ripped off. I made him a 30% annual return. I have since stopped since by buddy liquidated the accounts to go back to school. Yet I am proud to have helped him pay for school. But overall, this EJ office took real advantage of my friends ineptness. Plus, the new guy was using my friends money to build his carreer, when my friend really was too risk adverse to by giving money to someone so green. So watch out. Paticularly watch out for fees. Their should only be trading and advising fees. Nothing else or run. Online trading is so cheap these days. If you dont' want to trade, do a little mutual fund research online buy no cost, no load mutual funds.
And finally, on top of
2006-12-14 07:44:51 · answer #3 · answered by Ryan W 2 · 0⤊ 2⤋
Their business model is to provide investments services through numerous local small (less than 5 people) branch offices where they develop close relationships with their clients.
If you want to know about work norms try the website vault.com. You may have to register to get certain info.
2006-12-14 05:12:03 · answer #4 · answered by Matt M 5 · 0⤊ 0⤋
Run a CRD search and see how many employee complaint sre filed.
2006-12-14 04:48:37 · answer #5 · answered by Ubiquity 2 · 0⤊ 0⤋
I am looking into working for them also. I'm in the process of looking into it.
2006-12-14 05:41:34 · answer #6 · answered by sis79 2 · 0⤊ 0⤋