We currently have 1.25m with Edward Jones in a variety of funds, bonds, and HYSA.

The reporting we see from the website makes it difficult to identify our true cost, as a couple of our accounts with several hundred thousand say zero fees. We trust our advisor but she sent a report saying our total fees & commissions were $1200 for the year. This can't be right.

We have historically trusted the advisor, but if we only have $1200 in fees, something doesn't add up, especially since most say EJ fees are much higher than others.

It may be time to move on but we don't feel savvy investing on our own. I've read that Fidelity and Schwab have fewer fees and we're thinking about moving, but also scared to lose the stability of a personal advisor.

We'd love your advice!

I have been with Edward Jones for about 3 years now and my dad switched to Charles Schwab and said he has had a better time with them. I was wondering if anyone has made the switch and dramatically saw a difference. I don’t like the Edward jones app as I find it hard to view the information I see in the desktop view and I heard EJ has higher fees. But then there’s also fidelity to look at too and heard it’s better than EJ atleast. Any advice is appreciated

Edit: I have moved to Charles Schwab and it is infinitely better. Much easier to see everything in the app and the fees are significantly less

I'm unhappy with my Edward Jones manager. Whenever we have a phone call, he likes to talk at me and feels more like a salesperson than a manager. My RothIRA underperformed this year (and massively underperformed last year).

Would switching to a managed RothIRA account with Fidelity be any better? I just want someone competent to managed the account while I pump money into it and focus on exploring other types of investments.

For someone making a career change from teaching to being a brand new financial advisor first starting out, which firm do you believe is better to work for - Edward Jones or Fidelity? Or somewhere else? I’d like to get my foot in the door somewhere, and hopefully stay if it is a good fit, but at the very least have a place to get started and learn the ropes at.

I (23M) graduated college last year and now want to start putting money into a brokerage account. I have a bit of money (~8k) in an EJ account that I got after my father passed away a few years back. I’m wondering if it’s worth switching to Fidelity/Vanguard that I see recommended here all the time or just switching to an actively managed account at Edward Jones to make my money work best for me. Any advice or suggestions on where to look/do research of my own would be appreciated as I have little financial knowledge

Hi everyone ! I am 31 . I was with Edward Jones for 3 years, after doing some research and not truly understanding what’s going on, I move my Roth IRA and one individual account to Fidelity. What should I do next? What are the best ways to invest tho two accounts. Thanks for the advice.

I am not someone who will be checking my accounts everyday .

Hey all, I know you guys all know. I got started with Edward Jones because a buddy was just getting started and so was I in my career. I finally made the jump to fidelity. My buddy sold me some mutual funds with huge management percentages and selling costs. 1% etc. He was charging me 1% a year too.

Leave as fast as you can.

Update 2/5: Appreciate everyone’s comments and PM’s. They actually helped me a lot! After speaking with some of yall and my wife. I’ve decided to stick it out with EJ, work on managing my burnout and changing up my prospecting strategy to reflect that. If in 2-3 years I can’t manage the burnout or am not happy with where I am, I’ll look at going independent or joining an RIA as I will have my CFP by then and a larger runway.

To begin, I have been working as an FA at Edward Jones for over a year. The training has been great and it’s one of the few places I could get licensed with no financial experience and no finance degree. I came from a background in sales for 7 years and have a degree in sociology.

I was recently offered a job at Fidelity as an Investment Consultant.

I am considering making the switch as I am tired of outside sales, knocking on doors, networking events, etc. my whole career has been outside sales and I am feeling the burnout. I also do not have a large personal or professional network to lean on for bringing in new clients, all my clients have been brought in through door knocking or community events.

From my understanding the IC role at fidelity is essentially a cold calling role (inside sales), which is my preferred sales style. I can grind in the phones much longer than I can walking around neighborhoods, knocking on doors.

Last year I made 89k with Jones for reference. Fidelity said a year one IC consultant will make around 100-130k the first year.

Would love to get everyone’s opinions and thoughts on what to do. I would eventually like to go independent but that is at least 5-years away as I have a family to support and don’t have the runaway yet to be independent. I am working towards my CFP, having completed to first two courses so far.

Also, has anyone left Jones and had to deal with paying back the “training costs” (50k stepped down over a five year period). I have no intention of bringing any clients with me if I leave.

I made a post recently asking about which investing firms are the best. The majority responded with fidelity and vanguard. My issue is that in my area when I researched those two companies locally, all of the brokers for both companies had so many awful reviews . My experience with a broker from Edward jones was great and I spoke with her twice.

So I’m just curious if anyone has had a positive experience with Edward jones? If so why? And also if not, why?

I have a decent investment (6 figures but not 7) in Edward Jones and when I asked about purchasing some Disney shares I was blown away by the fees charged at both the purchase and sell end of the transaction. If I understand correctly one can open up an account on RobinHood or something similar and purchase stocks at a much cheaper price. The question is

1. Is this correct

2. What reason would anyone have to use an Edward Jones or similar traditional investment firm to buy/sell stocks if one can do it at a more cost effective way using something like RobinHood? There's got to be something I'm missing because at first glance this makes no sense. It would be one thing if it was a little less expensive to use a RobinGood like service but it's a lot cheaper from what I can tell. Either I'm missing something or traditional investment firms like your Edward Jones just don't care about loosing customers to a RobinHood like setup.

Any/All feedback is most appreciated

Long time lurker here. I finally made the decision to leave Edward Jones after realizing the fees were outrageous, services were overpriced, and reading many posts here.

I started my Roth IRA with EJ in 2016 when I was 17 and within the last few years I have been able to max out my contributions. I recently hit over 40k. I plan to allocate all of it in VOO for the time being.

Thanks for all of the help!

Hi I finally convinced my fiance to make the switch from Edward jones (family friend advisor) to fidelity for his Roth IRA. I have a couple of logistical questions

1. Will the EJ advisor automatically sell any stocks that can’t transfer over and then transfer over as cash, or will we have to initiate that with him?

2. after we initiates the switch, will the EJ advisor automatically close my fiancés account (he only has the Roth IRA)

I ask these bc my fiance wants to avoid as much contact with the EJ advisor as possible (this is why u don’t do business w family friends lol) but I want to ensure there are no loose ends.

Thanks!

I recently inherited a trust and partnership worth about 8 million, and my lawyer who has been with the family for 15 years at this point set me up with a financial advisor and I ended up putting all of the money into Edward Jones. Is this a mistake?

So I recently found bogleheads and have been viewing posts for about a month. I have been with EJ for about 14 years. I currently have $107k in a Roth, $30k in another EJ mutual funds account, $20k in 529. I’m 45, active duty military and have $250k in TSP (thrift savings plan) and will retire with a pension. My question is what funds in Fidelity should I be picking to simplify my Roth and adapt to the 3 fund model. There’s so much out there. I’m not a trader, more of a set it and forget it. I need simplistic funds for me to buy through Fidelity. I will research any ideas you people give me and I appreciate your time.

I'm new to investing and have no idea what I'm doing. Inheritance. Anyway - which of these is least trash?

I'm young enough that risk is feasible but I got kids man. I'd heard EFTs or ETFs whatever are a good route but idk anything about it. My idea of investing was to invest in companies I like. If I had this money 5 months ago I'd have sunk it all into Lockheed Martin and made a lot of money this year.

I'm young and just got into investing. I'm in my first year college and have about 300$ a month to invest. My mom initially set me up with an Edward Jones account in 8th grade after I got my first job in her name and transferred it to me now that I'm in college. Now that I understand their fees and the fact that you don't really need a middle man with platforms like Fidelity and Robinhood, I want to pull out but she keeps telling me this specific investor that I have right now was great for her and my grandfather and apparently got them great returns. Not really sure what to do... any advice? Do I keep my money with EJ or switch? Sorry I'm pretty new to all of this and I am learning.

Hey all !

I’m wondering if I should continue to let EdwardJones manage my IRA accounts? I have had issues with them replying to my requests and most recently enabling ACH deposit to my accounts. Also their fees are a bit high in my opinion 1.35% $300+ I think yearly I pay right now for the “guided solutions” .

I want to get more serious about adding money into my 401K Roth. I also have a Traditional 401 but will not be adding money there going forwards.

Im considering the following options:

1. Welthfront - 0.25% annually ($6.67m)

2. Robinhood - no fee? (3% match with gold $5/m)

3. Betterment - 0.25% annually ($6.67m)

I have more than 30k between the 2 Ira’s so this lands me at the 0.25% for welthfront and betterment.

Robinhood seems like a solid choice however I’ve only ever used them for investing in well Reddit stock lol.

Thanks 🙏 for any advice and have a very happy new year and 2025!

Looking for any opinions on my situation. I'm 26 and currently have roughly 95k in my Edward Jones account (about 40% in BRK B and the rest split up between ABALX, ANEFX, ANWPX, NEWFX, and SMCWX). Now I originally invested this all in early 2021 before I really knew what I was doing and I barely check it. I planned on leaving it there indefinitely unless I wanted to buy a house or something. I logged in today and I'm realizing that those 5 funds might not be the best option as they just are not performing. The Edward Jones account was already set up for me so I figured I would just leave it but now that I am doing some research and reading things about EJ I think I am going to move everything over to Fidelity where I already have a 401k.

First questions I have is for anyone that has done this before, what tips/info can you give me to make this transfer easy?

Second question - I assume if I want to get rid of my positions in those funds and just switch to VOO or something, I will just have to sell my current positions and eventually pay that tax? Unsure if there is anything situation that avoids taxes in that instance

Appreciate any help