When we were looking for a financial advisor we spoke with a couple EJ people and they were upfront with their fees (which we found way to high) so we didn't use them. It would have been foolish on our part to accept such a bad agreement but it wasn't a scam. A scam would be if the fees were hidden. More on reddit.com

I mentioned in the complaint that ... to file complaints with FINRA. Frankly, I don't know what else to do. ============================= Previous post: My sister's in the hospital, unfortunately she has a brain tumor. She gave me power of attorney and one of the accounts I contacted was her rep at Edward Jones... More on bogleheads.org

Classic high fees high turnover broker. Fidelity, Schwab, or Vanguard FTW. More on reddit.com

They nickel and dime you: https://www.edwardjones.com/sites/default/files/acquiadam/2022-12/ira-schedule-of-fees.pdf E.g., just to have an IRA with them costs you $75 / year. They also charge you 2% load on dividend reinvestment of a stock. Plus when you try to leave they smack a $100 termination fee on you. To put this into perspective, at one of the “big 3” low cost brokers (Schwab, Fidelity, Vanguard) (and many others), these services are free. And EJ does absolutely nothing to warrant this price differentiation. Plus there are the indirect shitty aspects of EJ, such as pushy salespeople looking for commissions on subpar product, and terrible expense ratios on nearly all funds they offer (last I checked, which was about 6-8 years ago) on their IRA’s. More on reddit.com