Edward Jones Employee Reviews about "door to door"

Updated 19 Jul 2020

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3.8
72%
Recommend to a Friend
89%
Approve of CEO
Edward Jones Managing Partner  Penny Pennington
Penny Pennington
282 Ratings
Pros
  • "Field Supervision and Home Office help more than you can describe here(in 168 reviews)

  • "Great training and company culture(in 159 reviews)

Cons
More Pros and Cons

Reviews about "door to door"

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  1. Edward Jones - Home Office | Division of Edward Jones

    "Best place to work!"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Advisor 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Edward Jones full-time for more than 3 years

    Pros

    - The training and time they put into helping new advisors succeed is second to none. - The help from veteran advisors and willingness from others in the region is incredibly helpful. - The pay is competitive. - Field Supervision and Home Office help more than you can describe here. - Private company versus public has huge benefits for the employees.

    Cons

    - The emphasis they place on door to door prospecting. - The amount of changes that occur and as often as they occur is hard to keep up with as a branch team which can affect the Advisor’s pay in certain situations.

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  2. Edward Jones - Financial Advisors | Division of Edward Jones
    Helpful (3)

    "Good place to end up, bad place to start"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor in New Brunswick, NJ

    I worked at Edward Jones full-time for more than a year

    Pros

    A lot of freedom...you are not set to a traditional schedule but you are putting in far more than 40 hours a week Guidance and support are easily available from peers and home office employees Salaried worker for the first four years to help you get by while building your book. Great bonuses and trips

    Cons

    Sales generation is based off door to door if you do not already have existing clients to bring in The culture isn't for everyone, but for those who buy in it can be a great place for them to work


  3. Edward Jones - Financial Advisors | Division of Edward Jones
    Helpful (33)

    "Fantastic pedigree and business opportunity; nepotism at the regional level ruins it."

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Advisor in Indianapolis, IN
    Recommends
    Neutral Outlook

    I have been working at Edward Jones full-time for more than 5 years

    Pros

    Unlimited compensation potential.For most people starting new (Level-New), the onboarding and training process is head and shoulders above what you'll see at other large firms. During the hiring process, you'll do a business plan; a 'virtual day in the life' assessment, and at least three phone/in-person interviews. Edward Jones will then extend an offer. Day one, while studying to take the Series 7 and 66 exams, you'll be paid an hourly wage. 40 hours is recommended for study time, but you can do extra hours and get paid time and one half for additional work you put in (wink-wink). Once you pass the exams, you'll go to either St Louis, MO or Tempe, AZ for your "Know your Customer" training. Following this training, you'll be expected to hit the streets, making 25 contacts per day. At this point, you'll be on salary, but ineligible to earn commissions until you complete a requisite number of contacts over a 5-6 week period. You'll be told that you can make these contacts any way you deem necessary, but the only true way you'll get 25 quality contacts per day is by going door-to-door. In order for a contact to be considered "quality", you must have a name, a phone number, and permission to contact them. This last part is very important because these are the people you'll be calling on when you go back for "Launch your Practice" which is essentially a glorified graduation where you can officially call yourself a Financial Advisor. After evaluation-graduation. you still won't know a whole lot about being a financial advisor, though you will have mastered making contacts, handling objections, and setting appointments. Then, over the next 17 weeks, you'll work under the mentorship of an experienced Financial Advisor. You'll have a home-office coach, a field trainer, a level-leader, and anyone else you decide to take advice from. This firm is really well known for its helping culture. Just about any other FA will help you...but you have to ask.

    Cons

    Lead generation is cold-calling; primarily door-to-door. The decision on how you will start will be delegated to the leadership in the region you join. Here are a few examples: A. You start new. Nobody shares anything. You create your book of business. You keep what you kill and watch others joining the firm after you pass you in earnings. This is what we call New-New and it is very difficult to start this way, though the home office swears that many successful advisors build their business this way. B. Somebody quits because they've started as type "A", and you take over that book. You'll spend a great deal of time convincing clients that you aren't a quitter, but you'll be held to a higher production standard since you received these assets. Might as well be A. C. If you are lucky, perhaps you've demonstrated your determination during the 17 weeks and another FA (or several FAs) pool some assets and clients to get you started. By the way, these won't be people they enjoy working with; however, you may have better chemistry with the clients. That doesn't mean you've made it though. You'll need to continue door-knocking and asking for referrals until your business is profitable and sustainable for you. Keep in mind that your salary will drop off at year 5 and your highest ever commission will be 40% of revenue. There is a suggestion that you should have gathered $26 Million in assets by year 5 to be successful. Here's some math on that: 1. $26 Million (assume that half is in Guided Solutions) 2. $13 Million X 1.35% = $175,500 x 40% = $70,200 to you 3. There may also be residuals from the other half of your book, but keep in mind that stocks, bonds, CDs, and other investments only pay once. So, once you sell a $1M in 30-year municipal bonds, you're never getting paid on that asset again. D. You are the chosen one. EDJ recruited you from another firm where you might be able to bring assets over. (By the way, Edward Jones will sue you if you leave and try to take clients, but they'll darn sure poach from other firms.) You'll never knock on a single door. FAs in category C will resent you a bit, but those in A or B will hate your guts. E. You are the family member of a retiring FA, or you come from a line of Edward Jones royalty. Don't worry, you'll never knock on a door, you'll advance profitability levels very quickly as you are handed tens of millions of $ in assets to work with. You'll quickly surpass people in categories A, B, and C, even though you joined the firm three years after they did. You'll be lauded for the business you've built and encouraged to mentor those beneath your level of production. You'll make over $200K per year to start and those poor schleps who were 'successful' at building a business will be happy with their $70K at year 5.

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  4. Edward Jones - Financial Advisors | Division of Edward Jones
    Helpful (5)

    "Not worth it!"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Advisor 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Edward Jones full-time for less than a year

    Pros

    if you are coming from a different industry, the training and development they offer is great!

    Cons

    If you are coming from a different firm, with years under your belt this place is not worth it. Youll literally go door to door like a vacuum salesman and prospect, even if you have clients already! the training is redundant.. and drilled into you to see if you can buy into their "culture". You do not have a boss technically, but there are so many people who will micro manage you from afar, so may phone calls you have to answer or return while you are prospecting.. about.. you guessed it! PROSPECTING! they will try and brow beat you into submission about things that you are already doing if you arent doing them EXACTLY as they prescribe. They literally had me read a script while going door to door. Instead of Hey say Hi... that level of micro managing. Ive heard conversations behind my back about their doubt that i can/will make it which is just disrespectful in my opinion. TL/DR I've never been treated so poorly by a company.

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  5. "Edward Jones"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor in Toronto, ON
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Edward Jones full-time for more than a year

    Pros

    Great training and company culture.

    Cons

    Hard to get off your feet. Door to door sales and cold-calling takes up most of your day.

  6. Edward Jones - Financial Advisors | Division of Edward Jones

    "Great company to work for"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor in Nashville, TN
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Edward Jones full-time for less than a year

    Pros

    The culture is great with very motivated people.

    Cons

    SIE exam, Series 7 Exam, Series 66 exam...the credentials was hardest part...and the door to door portion of the job when you start out.

  7. Edward Jones - Financial Advisors | Division of Edward Jones

    "Tough place to work"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Advisor 
    Doesn't Recommend
    Approves of CEO

    I have been working at Edward Jones full-time for more than a year

    Pros

    Great support, very client driven

    Cons

    High expectations, door to door cold calling is tough

  8. Edward Jones - Home Office | Division of Edward Jones

    "A good company but residential door to door prospecting is required."

    4.0
    Current Employee - Financial Advisor Associate in Huntington, IN

    I have been working at Edward Jones full-time for more than a year

    Pros

    The training is very good and the local associates were supportive.

    Cons

    This job is a sale job and daily door to door prospecting is required.

  9. Helpful (8)

    "Be Prepared for Door-to-Door Sales"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor Trainee 
    Doesn't Recommend
    Neutral Outlook

    I worked at Edward Jones full-time for less than a year

    Pros

    Training was top notch. The firm pays you while you are studying for licensing exams. Some folks in the region seem to genuinely care about one another.

    Cons

    You must be excited about going door-to-door in residential neighborhoods trying to "sell" your services and the firm's services. If you are not passionate about this process, you will struggle. Be prepared for long days with the hope of getting a handful of phone numbers each day (if you're good and lucky enough to catch folks home). Hopefully, of the phone numbers you get, some will answer when you call. Of those that answer, hopefully a few will agree to meet with you. Of those that meet with you, hopefully a few will open accounts and move assets. Then you continue this process for 3-5 years until your book of business is built. Other FAs will tell you that they built their business without door-knocking. It rare, especially at the beginning.

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  10. Edward Jones - Home Office | Division of Edward Jones

    "Financial Advisor Intern Edward Jones"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Intern - Financial Advisor Intern in Phoenix, AZ
    Recommends
    Neutral Outlook
    No Opinion of CEO

    I worked at Edward Jones

    Pros

    great look into the day to day duties of a financial advisor

    Cons

    business model is going door to door for clients

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Found 163 reviews