Edward Jones advisor swears no fees other than 1.08% annual. How can I find hidden fees?
Is Edward jones as bad as they say?
Edward Jones is trying to sell my mom CD accounts for her inheritance money. What to do?
How do Edward Jones CD rates compare to traditional banks?
Some Edward Jones CD rates are higher than the top traditional CD rates from the best online banks and credit unions out there right now — but unlike traditional CDs, Edward Jones' brokered CDs do not compound interest.
Is there a minimum investment for Edward Jones CDs?
Edward Jones CDs have a $1,000 minimum opening deposit.
Does Edward Jones charge a fee on CDs?
You may owe a commission of up to 2% of the deposit amount for any secondary CDs you open with Edward Jones, or up to 0.75% on secondary CDs you sell. But if you buy a CD during its initial offering period, you won't pay a commission fee. Basically, it depends on the role Edward Jones plays in the transaction. A portion of any commission paid may go to your Edward Jones financial advisor.
I have been researching posts about hidden fees from Edward Jones. I met with my advisor and asked for a summary of cost report and other things. He said he would get that report to me. He said our Guided solution flex funds that include a traditional IRA and Joint Tenants With Right of Survivorship are wiped from all front and back load fees. On average, in the last 10 years, one made 5.5% and the other 7%. I specifically asked about fees Edward Jones might have in buying or selling, I had the fee schedules printed out and pointed to several things. He still said that our accounts specifically did not include these fees. They are not stock accounts but mutual funds and bonds. On average, in the last 10 years, one made 5.5% and the other 7%. Not that great of a return. How can I verify that there truly are no additional fees? He is a friend and gives us a 20% discount on the annual fee.