Ranked at Top of List for Best Advisor Pay| Edward Jones (2024)

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Ranked at Top of List for Best Advisor Pay| Edward Jones? ›

In May 2024, Financial Planning listed Edward Jones

Total Salary Range for Edward Jones Financial Advisor

The estimated total pay range for a Financial Advisor at Edward Jones is $113K–$208K per year, which includes base salary and additional pay. The average Financial Advisor base salary at Edward Jones is $80K per year.

For the 20th time, the financial services firm Edward Jones ranked No. 1 in WealthManagement.com's (formerly Registered Rep) annual survey of the nation's six largest financial services firms, according to Don Duggin, financial advisor of the local Booker Dairy Road office.

Wealth management is one of the highest-paying financial advisor jobs. They work with high-net-worth individuals and families to manage their investments and assets. Plus, they provide personalized investment strategies and financial planning services to help clients achieve their long-term financial goals.

Kenneth Cella, Jr., head of branch development, took home $19.3 million, a 4.5% increase from $18.5.

Commissions; • Markups/markdowns; and, • Sales charges you pay when you make trades. Financial advisors receive a portion of the ongoing service fees (12b-1 fees) or trail commissions that Edward Jones receives from certain mutual funds and annuities, and insurance commissions and renewal commissions.

Percentage-Based Advisors

This fee can range from 0.5% to 2%. Advisors that charge a percentage usually want to work with clients with a minimum portfolio of about $100,000. This makes it worth their time and will allow them to make about $1,000 to $2,000 a year.

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.

5 years after starting, 38% of Financial Advisors are still with Edward Jones. The other financial advisory firms had a rate in the low 20's.

Choosing between Edward Jones and Charles Schwab hinges on individual circ*mstances and financial objectives. While Edward Jones excels in personalized financial advising and strong client-advisor relationships, Charles Schwab stands out for its comprehensive range of financial services and transparent fee structures.

Can financial advisors make 7 figures? ›

The income of financial advisors can vary significantly based on a variety of factors, including their qualifications, experience, and the strategies they employ in their practice. With the financial industry being as diverse as it is, some financial advisors do reach the coveted seven-figure income.

The Role of Financial Advisors and Benefits of Financial Advisor Marketing. When seeking guidance, the wealthy turn to financial advisors at a much higher rate. The study reveals that 70% of millionaires work with a financial advisor, compared to just 37% of the general population.

Financial advisors in the United States typically make between $50,000 and $110,000 per year, with the average salary being around $75,000. However, this can vary based on experience, location, and the type of advisory services provided.

In addition to ranking No. 1 overall, Edward Jones ranked No. 1 in professional development and compensation. Edward Jones has been the top performer among employee-channel firms in 13 J.D. Power advisor satisfaction studies, which were completed in 2007, 2008, 2010, 2012-2015, 2017-2022.

Edward Jones Select Account

Commissions and sales charges when you buy and sell investments, generally ranging from 0.75% to 5.75%, which may be lower and vary based on the type and amount of the investment you trade.

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.

We help you secure your financial future with a compensation program that rewards you based on the success of the firm – and your individual performance. Our firm trimester bonus program is flexible.

National Estimates For Personal Financial Advisors

The average salary of financial advisors with 1-2 years of experience in the U.S. is $63,210 while those with over 10 years of experience earn over $107,068 per year.