Too many cooks... - Anonymous employee Edward Jones Employee Review

Very sketchy hiring process with regards to how compensation is calculated. Example, now I'm having to re-earn a deferred bonus. Deferred, as in already earned but not paid. Lots of promises regarding how helpful your fellow advisors will be when the reality is they simply don't have the time required to offer the help. Too Many Cooks! Edward Jones has a goal of 15,000+ advisors nationwide by 2020 and they're going to get there. They'll get there by hiring and placing advisors pretty much anywhere with no regard for the other advisors in that area trying to build their business. For example, I live in a small town that already had 4 Edward Jones advisors and I was told that there wasn't room anymore, however, six months after I was hired the firm placed two more advisors in the town, and then added two more six months after that. That's eight advisors in a town that could barely support 4. Finally, they won't tell you this so I will. Don't take the job unless you have a substantial savings account you can use to offset your income during the first 5 years. I'm now broke and living paycheck to paycheck.