Compensation

As a Financial Advisor, you have the potential to earn large net commissions once you make enough quality contacts and presentations to build a client base. However, we know that building your business will take time, so we provide a base salary in the early stages of your career. You will also have the continuing opportunity to increase your pay based on your and the firm’s performance. Use our Earnings Calulator to see how your current compensation compares to that of our existing Financial Advisors. 

Training and support salary
After being hired, you’ll earn a salary while you study for your industry licenses, complete your training and during your first year. The salary will be calculated based on your geographic location and your level of experience.

New account bonuses
For eligible Financial Advisors, these monthly bonuses are designed to help you get your businesses off to a fast and solid start. Each month you are eligible, you will receive a $500 bonus after you open your fifth qualifying account. When you open accounts six through ten, you’ll receive an additional $100 for each account. For accounts 11 and above, you will receive $200 for each account.

Milestone bonuses
Milestone bonuses are another exciting way to be rewarded for your performance. These bonuses are designed to recognize and reward the key milestones early in your career. Once you graduate from our training program, you will earn a bonus. If you perform at 100% standard or better, you will earn additional milestones at various points in your first 36 months as a Financial Advisor. If earned, the value of all bonuses could total approximately $38,500.

After your first 12 selling months, you can be paid in five unique ways:

  1. Commissions based on your sales
    The average payout is 36%.
  2. Bonuses three times a year
    In addition to new account and milestone bonuses, you can earn generous trimester bonuses based on the profitability of the firm and your individual branch office. Depending on your production, your bonus can make up a significant percentage of your overall compensation.
  3. Deferred Profit Sharing Plan
    Historically, 24% of the firm's post-bonus profit is paid out in a deferred profit sharing plan. You are 100% vested from day one.
  4. Incentive travel opportunities
    Superior performance is rewarded in many ways, one of which is through incentive trips. Trips are awarded when you succeed in meeting the long-term goals of your clients through diversification of their assets. There are two opportunities to earn trips each year. You also may combine the two into one “Super Trip.” Destinations include top-notch resorts in places such as Hawaii, Switzerland, the Caribbean, Africa and Paris, to name just a few. All trips include spouses and many welcome families, too.

    All Financial Advisors who meet the criteria earn a trip. There is no limit on the number of Financial Advisors who can participate. We’re proud to say that, typically, more than half of our Advisors qualify for each trip. Trip value typically ranges from $4,500 to $6,000 for two people or $10,000 for a “Super Trip.” Please note that all trips are taxable. To qualify, all you have to do is gross $135,000 in six months.

    Take a sneak peak into the exciting destinations of our 2010 incentive travel program »
     
  5. Potential to become a partner in the firm
    Edward Jones parent company, The Jones Financial Cos., is a partnership. You may be offered limited and/or general partnership later in your career. Partnership selection is based on your branch profitability, how well you demonstrate leadership in business development and ethics as well as your assistance to others in your region and in the firm. Go here to learn more about the Edward Jones partnership and how it impacts our culture. 

A comprehensive benefits package
An Edward Jones Financial Advisor’s total return includes more than just a paycheque. Edward Jones provides access to a comprehensive package of benefits. Standard benefits, which are provided at no cost to you, include basic life insurance, basic accidental death and dismemberment insurance, income continuation plan for short-term disability, profit sharing and tuition reimbursement.

Other optional benefits offered by Edward Jones include long-term disability, supplemental life insurance, supplemental accidental death and dismemberment insurance, and long-term care insurance.

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