How much money does Edward Jones have under management? (2024)

How much money does Edward Jones have under management?

Edward Jones' assets under management rose 17% last year to $1.9 trillion despite a downtick in net new assets. Its brokers added a total of $97 billion in net new assets last year from 202,988 new households, down from $102 billion and 236,086 households the prior year.

How does Edward Jones rank as a financial advisor?

1 in national survey of financial advisors.

What is the financial strength of Edward Jones?

Our impact

The company's growth has been extraordinary: Annual revenue has grown from $16 million in 1977 to more than $12.3 billion today.

What is the average account value at Edward Jones?

What is the average client balance at Edward Jones? While Edward Jones advises clients across a variety of portfolio sizes, the average client balance is currently $173,144. In total, Edward Jones manages $593.1 billion in assets.

How safe is Edward Jones Investments?

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.

Why not to invest with Edward Jones?

Edward Jones fees are tiered, so they decrease as your account grows in value. Still, a 1.35% fee is high, even compared to other financial advisory firms. These fees are especially high considering most people can create similar portfolios with a little bit of research and a desire to learn more about investing.

Is Edward Jones financially stable?

By the end of 2022, its 100th anniversary as a firm, Edward Jones counted more than 8 million clients in the U.S. and Canada. Despite slumping stock and bond values, net new assets jumped 10% year over year to $98.6 billion in 2022.

Who is better to invest with Fidelity or Edward Jones?

When it comes to which firms make their investors happiest, Edward Jones and Fidelity Investments are tied, according to J.D. Power's annual U.S. Full Service Investor Satisfaction Study, which found that the two firms fared particularly well across a net of factors — from adviser to performance and account ...

How much does a top Edward Jones advisor make?

The estimated total pay range for a Financial Advisor at Edward Jones is $130K–$240K per year, which includes base salary and additional pay. The average Financial Advisor base salary at Edward Jones is $86K per year.

Is Edward Jones losing financial advisors?

Edward Jones has also slowed down advisor attrition rates, which Aven credits to the firm's relatively recent introduction of teaming and co-locating options. The firm reported an attrition rate of 4.7% for the second quarter compared to the 6% it reported for the same period in 2022.

How prestigious is Edward Jones?

Edward Jones has been named to Fortune magazine's 2023 list of the World's Most Admired Companies, a recognition of the most respected and reputable companies globally. The firm ranked No. 5 in the Securities/Asset Management industry category.

Where is Edward Jones ranked?

Edward Jones ranks No. 333, with more than $12.3 billion in net revenue for 2022. To be included in the Fortune 500 ®, companies are ranked by total revenue for their respective fiscal years.

What is considered a high net worth account?

A high net worth individual (HNWI) is someone with $1 million or more in investable assets, including cash or cash equivalents. HNWIs may rely on specialized financial services like wealth managers or private banks for money management, estate planning, investment guidance, and tax management.

What is considered high net worth for financial advisors?

Understanding High-Net-Worth Individuals (HNWIs)

The financial industry measures people by their net worth. Although there is no precise definition of how wealthy someone must be to fit into this category, high net worth is generally considered to include liquid assets of $1 million.

Why are Edward Jones CD rates so high?

The reason for the high rates is that Edward Jones is a broker that buys CDs in bulk from other banks and resells them at competitive rates. Because Edward Jones offers brokered CDs, there are a few elements that work differently than CDs from traditional banks.

What happens if Edward Jones goes under?

If Edward Jones experiences financial difficulties, the Securities Investor Protection Corporation (SIPC) protects securities and cash in your account.

What happens if Edward Jones goes out of business?

If a brokerage fails, another financial firm may agree to buy the firm's assets and accounts will be transferred to the new custodian with little interruption. The government also provides insurance, known as SIPC coverage, on up to $500,000 of securities or $250,000 of cash held at a brokerage firm.

Do people make money with Edward Jones?

Profit Sharing – We have long believed in sharing the profits of the firm with our associates. All eligible associates, including financial advisors, receive contributions to an employer-sponsored retirement plan based on their total compensation, which includes commissions, fees, salary and bonuses.

Why do advisors leave Edward Jones?

Edward Jones advisors and their culture are known for a specific setup, a specific type of trainee, and a small town emphasis. As the industry continues to adjust (most importantly adjusting to include bigger and bigger teams) the Edward Jones model is seen as outdated by some of their larger producers.

Is Edward Jones being investigated?

Keeping tabs on texts and messaging has been difficult for the industry, and fines have been mounting. Edward Jones is the latest firm swept up in the SEC's wide-ranging investigation into communications with clients via unauthorized personal devices.

Who is the most trustworthy financial advisor?

What percent do Edward Jones agents make?

Your financial advisor generally receives between 36% and 40% of the compensation Edward Jones receives from asset-based fees, transactional revenue, ongoing 12b-1 fees, trail commissions and revenue from premiums generated by activity in your financial advisor's clients' accounts.

What is the average return with Edward Jones?

All periods show annualized returns. All data is for the period ending 12/31/2022. Past performance is not a guarantee of future results. Since inception in January 1993, the Edward Jones Stock Focus List has provided an average annual total return of 9.6% compared to 9.5% for the S&P 500.

Who is Edward Jones biggest competitor?

What brokerage do most millionaires use?