Prediction is very difficult, especially about the future - Niels Bohr | To get the "risk premium", you really do have to take the risk - nisiprius. I really like the account and it seems like most people on here are failing to realize how this account works, yet seem knowledgeable enough to make recomendations. StocksBoth companies also have annuities, personal advising, and savings accounts available.In addition, Edward Jones offers credit cards, life insurance, long-term care insurance, long-term disability in… Get a plan: I want to start out and say that I am leaving EJ as well due to the new rules. Just convinced my 92 year old father to finally leave Edward Jones (EJ). by LadyGeek » Thu Mar 22, 2018 9:55 pm, Powered by phpBB® Forum Software © phpBB Limited. Edward Jones and its independent affiliate in the United States, collectively, serve nearly 7 million investors. The costs are just more obvious or the costs are higher, hard to say which. ... almost make up for the increased yearly fee! » Fri Mar 10, 2017 8:33 pm, Post Fees Charged By Edward Jones Financial Advisors. $450,000. Edward Jones Fees and Commissions The list of Edward Jones' fees on cash management solutions, business cash management solutions and on additional services is located under this link. "I’ve come around to this: If you’re dumb, surround yourself with smart people; and if you’re smart, surround yourself with smart people who disagree with you." I wish I had this account option when I started investing with Edward Jones 15 years ago. by oldcomputerguy » Sat Mar 11, 2017 8:32 am, Post I did have to break your post up to make clear the context that I was replying to. For example, the Guided Solutions Flex Account has a minimum asset value of $25,000 while the Guided Solution Fund Account only requires a minimum of $5,000. currently invested through Ed Jones and coming up with my list of reasons of why I am moving my money. by Nate79 » Fri Mar 10, 2017 11:52 pm, Post Fees Edward Jones charges for its services For its Guided and Advisory accounts, Edward Jones charges an asset-based fee based on how much you have invested with the firm and the services provided. The fees you pay will depend on the type of product you purchase. My portfolio in Guided Solutions is approx. We are thoughtfully evaluating our office openings and in-person appointments. by millennialfalcon » Wed Feb 01, 2017 4:12 pm, Post by lazydavid » Mon Jun 05, 2017 9:10 am, Post Vanguard by the way charges absolutely NO loads on ANY of their funds. But for non-retirement accounts, I suspect you don't have to use Guided Solutions. by JaneyLH » Wed Jun 14, 2017 1:40 pm, Post Please review the applicable Edward Jones Guided Solutions Brochure for more information. $450,000. Edward Jones IRA Review If you live within 100 miles of any moderately sized small town, chances are you have heard of the Edward Jones brokerage. If changes in the securities holdings within the account are made after the fee has been calculated, the fee will not be reduced. Has none of the 'experts' posting on here consider the fact that these accounts can hold individual stocks, individual bonds, and ETFs? by DippityDoo » Wed Jun 14, 2017 3:13 pm, Post But rest assured if you use Vanguard instead of Ed Jones, you'll keep more of what you make. With more than 12,000 locations serving nearly 7 million clients in the U.S. and Canada, Edward Jones is one of the largest full service brokers in the country. Edward Jones Brokerage Account Fees Schedule Choosing Edward Jones as your wealth-management company customers pay the cost for each investment that buy. Always good to read a story with a happy, or at least happier, ending. One lesson I have learned over my time is that it doesn't matter what you make....it matters what you keep. I was also able to buy minimum volatility funds to help with downside protection. No matter how simple or complex, you can ask it here. Edward Jones Account Options As a full-service firm, Edward Jones has a wide variety of options when it comes to accounts. If you move that money over to the Edward Jones Guided Portfolio and choose to put it into stocks your fee would be 1.8%, which would indeed save you money. Guided Solutions Flex Account: $25,000; Guided Solutions Fund Account: $5,000; ... Vanguard’s Brokerage Services commission and fee schedule is on its website. Exchange-traded funds (ETFs) 5. Edward Jones’ more than 14,000 brokers fielded a tantalizing email from headquarters this week. ... Edward Jones fees are extremely high if the advisor is just managing investments. For these IRA Custodial Agreements see: For all other account-level agreements see: For additional information regarding the trading practices of discretionary third-party managers participating in our Wrap Fee Programs, please see below: Select a State and then enter a last name. Retirement savings 8. For example, the Guided Solutions Flex Account has a minimum asset value of $25,000 while the Guided Solution Fund Account only requires a minimum of $5,000. Learn More. I have been learning ever since. I also had a meeting about 2 months ago and he explained the new fiduciary rules and how EJ is changing. I responded I hope to each of your points below. Yes I am paying more, but I am also keeping more, especially when, not if, the next market downturn occurs. Jones will no longer be able to justify selling people the "loaded" funds where they presently earn most of their money. Our Fee-based Investment Programs. Either way, we've heard from a slew of EJ customers who are fleeing the fees. He has helped our family through some tough patches. by fisherbr » Fri Mar 10, 2017 7:25 pm, Post by DippityDoo » Wed Jun 14, 2017 1:02 am, Post I am retiring next year and my advisor taught me the importance of not only returns, but the sequence of returns in retirement. by radiowave » Fri Mar 10, 2017 8:20 pm, Post by retiredjg » Tue Jun 06, 2017 9:10 am, Post by NOLA » Sat Mar 11, 2017 12:48 am, Post Wanted to make a trade today, 9/14/18 and since my rep was out I called the 1-800 number. Has none of the 'experts' posting on here consider the fact that these accounts can hold individual stocks, individual bonds, and ETFs? I would like someone to respectfully point out anything I am overlooking or missing. Then came Guided Solutions Flex ... investor747 just for giggles, ask the EJ guy if he'll guarantee returns, say 10%. Money market funds 6. Fee-based investment management programs enable you . The St. Louis-based financial firm is banning sales of all mutual funds and exchange-traded funds (ETFs) to a portion of its 4 million retirement customers.. Vanguard offers a management option (P.A.S.) You seem to know what you are paying, and believe the service you are receiving is worth the cost. It also serves clients in Canada. Depending on what investors buy, they may pay commissions, markups or markdowns, sales charges and/or administrative fees. Should be an interesting answer. I was also able to buy minimum volatility funds to help with downside protection. I have about 20% of my portfolio in individual stocks -ZERO internal expenses, about 30% in individual laddered bonds - ZERO internal expenses, 25% or so in low cost ETFs, and the remaining amount in 5 star mutual funds. Please note that not all of the investments and services mentioned are available in every state. View Homework Help - flex-schedule-of-fees.pdf from ACCOUNTING ACC 100 at University of Phoenix. This site is designed for U.S. residents only. I'm sure if you use Guided Solutions, there is an AUM. One lesson I have learned over my time is that it doesn't matter what you make....it matters what you keep. There are already plenty of places where investors can find conflict-free advice and cost effective investing, including discount brokerages, independent financial advisers, low-cost mutual funds and — more recently — robo advisers. Edward Jones Managing Partner Jim Weddle. It was established in 1922. Just a guess on my part though. The CEO of Edward Jones is Penny Pennington. Average annual balances in Jones’ advisory programs, Advisory Solutions and Guided Solutions, more than doubled to $265 billion in 2017 from $101 billion in … OP what accounts do you have with EJ? edward jones reviews nerdwallet. One of the features of the Edward Jones Guided Portfolios Program is the ability to combine your Guided Portfolios account with your other Guided Portfolios accounts or those of people related to you into what we refer to as a Pricing Group. Check with your financial advisor for more information. When I moved to Guided Solutions, my investment income increased substancially. Fees Under Edward Jones. Yes I am paying more, but I am also keeping more, especially when, not if, the next market downturn occurs. by LadyGeek » Tue May 16, 2017 3:57 pm, Post Question, what did he say when you decided to move your funds? The Edward Jones Trust Company acts as the custodian for certain Individual Retirement Accounts. One-time set-up fee $20 1 Annual administration fees are calculated based on the holdings in the account on the last day of each month prior to the charge. You should really try it sometime. Edward Jones Managing Partner Jim Weddle. Stay with EJ - I think there is no doubt this is a poor choice. It looks like EJ is charging 1.35% on both taxable accounts and on IRAs. If you are not aware of this, as I wasn't, please do your research. Many of the investments available in Guided Solutions are offered by prospectus. OP, use this tool and do some "what if" analysis: "We are here to provoke thoughtfulness, not agree with you." The sooner you do this the better, but do it on your timetable. This Edward Jones Advisory Guided Solution is no solution it is a culty scam–and I am very disturbed that this is allowed to be happening to anyone. I am happy with participating in 85% of the upside of the market, and only 50% of the downside. Program Fee Schedule The Program Fee is based on the market value of all assets held in my Account, including any cash balances swept into the Edward Jones Money Market Fund. edward jones advisory solutions performance. It would probably be $2-300/year vs 1.25% of say a $100k portfolio so $1250/year. They will also put you in low-cost, broad based index funds. Unknown Boglehead. If you are in a good mix of funds and stocks you will out perform those “low cost vanguard funds” even after the fees. View, print or save the most recent account documents for each investment advisory program below. I have little knowledge of this and am concerned that he was just trying to talk me into something that better benefits him. by investor747 » Tue Jan 31, 2017 12:38 pm, Post Hopefully, you do realize that all the things you are saying below could be easily accomplished in low-cost way, either self directed (a little more work), or via Fidelity or Vanguard PAS. My FA discounted my fees 20%, so my fees are about 1.06% before internal investment expenses. Program Fee Schedule The Program Fee is based on the market value of all assets held in my Account, including any cash balances swept into the Edward Jones Money Market Fund. to receive personalized solutions from your Edward Jones advisor for one simple fee. by likegarden » Tue Jan 31, 2017 7:23 pm, Post Edward Jones Fees and Commissions With a $40 annual fee on IRAs, plus a 2% fee on stock trades, dollar cost averaging and reinvested dividends, Edward Jones' fees and commissions are comparable to other full-service brokerages (e.g. By the way, that probably doesn't include the fees of the funds you're invested in, which may contain loads as others have said as high as 5.75%. The flat fee is based on a tiered schedule, ranging from 1.35% for your first $250,000 invested down to 1% or less for $1.5 million or more invested. by David Jay » Tue Jan 31, 2017 10:13 pm, Post by cherijoh » Wed Feb 01, 2017 11:33 am, Post If you move that money over to the Edward Jones Guided Portfolio and choose to put it into stocks your fee would be 1.8%, which would indeed save you money. I have (Soon will be moved) and a Guided Solutions account, haven't really like the way Edward Jones urges you to invest a certain way, or else you get out of alignment. by investordad » Fri Mar 10, 2017 10:55 pm, Post I do not believe non-retirement accounts are affected. The percentage-based fee varies based on a variety of factors and can be negotiated. Now the rules change so they just figure out another way to rip you off. by bloom2708 » Wed Jun 14, 2017 2:12 pm, Post The services offered within this site are available exclusively through our U.S. financial advisors. ↳   The Bogleheads® Wiki: a collaborative work of the Bogleheads community, ↳   Local Chapters and Bogleheads Community, https://www.bogleheads.org/wiki/Getting_started, https://www.edwardjones.com/images/guid ... f-fees.pdf, viewtopic.php?f=1&t=204277&newpost=3218666, http://www.onwallstreet.com/opinion/fid ... e-industry, https://investor.vanguard.com/advice/personal-advisor, https://vanguardblog.com/2011/10/28/sto ... f-returns/, https://investor.vanguard.com/mutual-funds/low-cost, www.bogleheads.org/wiki/Investment_policy_statement, https://www.edwardjones.com/images/LGL-8944-A_Final.pdf, Laddering bonds does not protect you from rising interest rates, http://www.dinkytown.net/java/CompareFees.html, [Edward Jones Guided Solutions - transfer Roth to Vanguard]. 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