Frequently Asked Questions – Experienced Financial Advisors

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Q. What transitioning assistance can I expect from Edward Jones?
A. Soon after you are hired, you will be provided with a dedicated transition team that will help you sort out all relevant issues, making sure your transition goes as smoothly as possible. Moving over clients? What’s legal? What’s appropriate? What marketing resources are available, etc.? You will have immediate access to transition team to assist you in your move to Edward Jones. They will work with you on system technology as well as product availability/inventory. Their objective is to provide you with the tools and information necessary to help you be 100% productive from day one.

If you require it, we will also provide you with significant financial support during training and for your first year, giving you the freedom and you need to establish your business. The amount will be calculated based on your current earnings, geographic location and level of experience.

Q. Will I receive "upfront" money when I join Edward Jones?
A. We offer a generous payout and transition compensation plan individualized to meet your needs. If your current gross commissions exceed $150,000, a performance-based bonus program which will reward you for transitioning your business may be appropriate. This could as much as double your compensation for the first year. While we anticipate those transfers that we hire at Edward Jones will stay until retirement, our performance-based bonus structure does not tie you down with a long-term contract.

Q. As an experienced broker, what kind of training can I expect?
A. We will customize a training program to meet your individual needs. In addition, our advanced training program is recognized as one of the best in the industry. Go to our training section to learn more.

Q. Where should I establish my Edward Jones business?
A. Locating branch offices in places convenient for face-to-face contact with clients is one of Edward Jones’ key business strategies. The number and location of branches within each community are determined by a variety of factors, including population, age of residents and investable assets. The process of location selection begins when you submit your application. You must indicate on the application where you wish to establish your business. The more specific your description, the better. Locations are not franchises, nor do they define sales territories (which do not exist at Edward Jones). They are in which you believe you can build a successful business. While you can do business anywhere you are properly licensed, this location will be the focus of your business-building efforts. Go the Choosing Your Branch Location page to learn more.

Q. What if I am currently licensed and selling insurance?
A. If you are presently licensed to sell insurance and are receiving more than $5,000 per year in trail income from a non-Edward Jones vendor or have $2 million of annuity assets that meet the required quality standards, Edward Jones may sign a dealer agreement on your behalf. Although no additional policies may be sold, renewal income may be processed through Edward Jones with the standard commission payout schedule in effect. Such a policy is solely at our discretion. If you have outside renewal of life, health or property and casualty income, please discuss this with your recruiter. All other appointments not disclosed to Edward Jones must be canceled.

Q. Do I have to sign a contract?
A. Yes. There is a contract that requires the return of all Edward Jones equipment in good condition, stipulates that no client information may be copied or removed if a Financial Advisor leaves the firm and provides other provisions governing the employment relationship.

Q. What types of equipment does the Firm provide?
A. Edward Jones pays your setup costs and continues to pay your rent and utilities. In addition, the firm provides office furniture, four framed prints, a copier, a communications system, two computer terminals, a laser printer, a fax machine and a VCR. Edward Jones may also pay for additional expenses. Contact the Talent Acquisition department for additional information.

The amount a Financial Advisor chooses to invest in developing and promoting his or her business ranges from several hundred to several thousand dollars per year. You are in control of these expenses, and how much you spend will depend upon your market, personal lifestyle, savings and individual business plan.