should i quit edward jones

Loan Offerings. There is a huge difference in pricing structure between Edward Jones and its competitors. The problem is I like my E. Jones guy. The comments about Edward Jones being different from many other firms is spot on. Don't let them talk you out of it and pay the fee. I left Scottrade for Vanguard and it was a very simple and painless process. I'm convinced they are costing us too much in fees and want to move our accounts to Vanguard. Any Edward Jones review should include a comparison of costs only. Resolved: Edward Jones should be shut down at this point. We inherited a sum amount of money with Edward Jones, we learned that when we sell/buy stocks, EJ charges us … So, before shutting down with Edward Jones I’d be sure to try and gather as much info as you can! With Edward Jones I am charged a sales commission for every dollar I invest and a yearly fee for my four IRAs. I have (or had) 1.3 million invested with them. Non-financial metrics, like the value associated with a local neighborhood office, should be ignored in your initial Edward Jones review. 2% in fees will slash your account by 65% over a 40 year period. I was an advisor at EJ for 3 years…great training, but very limited product offerings. With cheap options like ETFs available, paying a lot for an actively managed mutual fund is the last thing a small investor should consider. Take the setup info for those and give it to Edward Jones. Edward Jones is a brokerage firm that provides investment advice to individuals. Posted by rpg37 on 12/22/16 at 3:41 pm. Reply. David says: June 25, 2015 at 1:42 am . Edward Jones Is a Simplified Name. So, before shutting down with Edward Jones I’d be sure to try and gather as much info as you can! Either the market is up and you make less than you should or the market is down and you lose more than you should. Like all full service firms, Edward Jones is charging a percentage of all client's assets EVERY year as a fee — anywhere from 0.50% to 1.50%, plus an annual fee of $300. 0 0. I have about $30k in my Roth and T-IRA accounts with EJ. Reply. I just did this. Edward Jones review from San Diego, California rated 1.0/5.0 with 3 Comments: I have experienced nothing but grief from EJ. Those with assets held at Edward Jones have the option of taking a personal loan against holdings. There is a reason that Edward Jones is consistently rated the best firm to work for in our country. It should be mentioned that Edward Jones isn’t the full name of the business. Before working with an advisor, investors are wise to research Edward Jones reviews and history. Good idea about the cost basis and collecting the info before you leave. What are the steps of leaving Edward Jones and moving to Vanguard? I know this sounds silly but I don't know how to "break up" with Edward Jones. Tell EJ that you want them to move everything in your accounts to the new IRAs. melsbootstoots here July 20th, 2011 at 12:24 am. All Edward Jones cares is they are making money and leaving the risk to you. Instead, it is a simplified name that sees use in a wide range of contexts for the sake of convenience. With many physical locations around the United States, Edward Jones is able to provide a personal approach to their clientele in the communities they serve. They will probably (A) try to talk you out of it, and (B) want you to pay a small fee of $100ish. Long says May 10, 2012 at 11:09 am.

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