Compare Working at Edward Jones vs Fisher Investments (2024)

FAQs

What is the downside of Fisher Investments? ›

cons. The fees are higher than robo advisors and even some hybrid advising companies. The minimum investment for Fisher Investments will be well out of reach for many people. It costs at least $500,000 to open a Fisher Investments account.

The employee experience below at Fisher Investments, compared to a typical company. 79% of employees at Fisher Investments say it is a great place to work compared to 57% of employees at a typical U.S.-based company. Source: Great Place To Work® 2021 Global Employee Engagement Study.

The Best Workplaces in Financial Services & Insurance award is based on analysis of survey responses from more than 176,000 employees across the U.S. In that survey, 91% of Edward Jones associates said Edward Jones is a great place to work. This number is 34% higher than the average U.S. company.

"Edward Jones Ranks Highest in Investor Satisfaction, According to J.D. Power 2021 U.S. Full-Service Investor Satisfaction Study."

As of July 2021, Fisher Investments was named one of InvestmentNews' Top 10 US-based, fee-only Registered Investment Advisers (RIA). Fisher Investments ranks #2 on its RIA List, based on total assets under management.

Fisher Investments main competitors are Cambridge Associates, Highland Capital Management, and Bridgewater Associates.

Fisher Investments has an overall rating of 3.5 out of 5, based on over 1,186 reviews left anonymously by employees. 61% of employees would recommend working at Fisher Investments to a friend and 61% have a positive outlook for the business.

Your financial advisor generally receives between 36% and 40% of the revenue Edward Jones receives from asset- based fees, transactional revenue, ongoing 12b-1 fees, trail commissions, and revenue from premiums generated by activity in your accounts.

Where is Edward Jones ranked? ›

1 overall, Edward Jones ranked No. 1 in professional development and compensation.

Edward Jones' pros

Highly accessible: The firm has more local offices throughout the country than any other financial services firm. To find the office nearest to you, use the Find an Advisor tool on Edward Jones' website. Low account minimums: You can work with the firm with $5,000 or less for some account types.

And, for these reasons and more, Jones' advisors are leaving for firms that move the needle significantly—and give them the opportunity to access more modern technology and a broader platform and, for those with entrepreneurial DNA, to own their own firms.

Fidelity last week had publicly criticized Fisher over what it called 'highly inappropriate' remarks he made at the Tiburon CEO Summit in San Francisco. The Boston-based mutual fund giant is at least the fifth major institutional client to exit in the wake of the controversy.

Fisher Investments focuses primarily on financial advice services and portfolio management. Meanwhile, Fidelity is the better option if you want to save for your child's future or open a specific savings account type, such as a health savings account or CD.

Merrill Lynch scored higher in 7 areas: Overall Rating, Culture & Values, Diversity & Inclusion, Work-life balance, Senior Management, CEO Approval and Recommend to a friend. Fisher Investments scored higher in 2 areas: Compensation & Benefits and Career Opportunities.

Is Fisher Investments really a fiduciary? ›

By operating as a registered investment adviser, Fisher Investments holds itself to the fiduciary standard because of the clear signal it sends to our clients. Our clients can take comfort in knowing we always act in their best interests and disclose any potential conflicts of interest.

Variable Annuities Are Sometimes Misleadingly Sold as Safe Investments. Fisher argues that many annuity companies misleadingly call variable annuities “safe investments.” He says that this is false, and in reality, you can lose money in a variable annuity.

Fisher Investments is one of the world's largest independent, fee-only investment advisers. We're privately held, which means we control our own destiny and aren't beholden to shareholders. In our view, our independence enables us to think unconventionally and helps us do what's best for our clients.

Within weeks of the incident Fisher Investments lost more than $2.7 billion as several institutional clients, including government pensions, severed their relationship with the firm.

Is It Worth It? There's no question that Edward Jones charges some hefty fees. But again, it offers an experience that you can't get at every firm. If you prefer working with a single advisor who can build a long-term, in-person relationship with you, EJ could be worth considering.

Depending on the net worth advisor you choose, you generally should consider hiring an advisor when you have between $50,000 - $1,000,000, but most prefer to start working with clients when they have between $100,000 - $500,000 in liquid assets.

Fisher Investments, Inc. pays its employees an average of $67,258 a year. Salaries at Fisher Investments, Inc. range from an average of $42,770 to $111,060 a year.

100% Vetted Remote & Flexible Jobs

Call individuals to pre-qualify them, meet them in person and provide solutions, and negotiate agreements to manage their accounts. Must have 5+ years of stock market investor sales experience and investment advisor designation. Remote-based. Full-time.

We do not make 'cold calls,' and we immediately add individuals to our contact suppression list if they tell us that they do not want us to contact them in the future.”

How much commission does Edward Jones take? ›

The Program Fee is 1.35% and the Portfolio Strategy Fee begins at 0.19%. These fees are tiered so additional invested assets are subject to lower fees. These fees do not include internal investment expenses.

Edward Jones does not serve as a fiduciary except for at the Plan level of retirement plans. This means that their advisors aren't legally required to put their clients' needs ahead of their own. And Edward Jones' compensation disclosure admits that some of its advisor incentives could lead to conflicts of interest.

Our expectations are for fixed-income returns to average 3% to 4.25%. Therefore, if your portfolio objective is balanced growth and income, for example, you can expect a long-term average return between 4.5% and 6.5%.

Differences Between Financial Advisor vs Fiduciary

Someone can be a financial advisor without adhering to the fiduciary duty. But only those who are fiduciaries have pledged to act first and foremost in their clients' best interest.

Edward Jones has arranged with BNY Mellon Investment Servicing Trust Company for PNC Bank, N.A., to issue Visa^® cards to Edward Jones clients. When you use your cards, you will be accessing the available balance in your Edward Jones account.

91% of employees at Edward Jones say it is a great place to work compared to 57% of employees at a typical U.S.-based company. Source: Great Place To Work® 2021 Global Employee Engagement Study. When you join the company, you are made to feel welcome.

Edward Jones Salary FAQs

The salary trajectory of a Financial Advisor ranges between locations and employers. The salary starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority.

Staff can opt to work on-site full time, from home or a combination of the two.

How many advisors left Edward Jones? ›

The number of advisors fell by 61, or less than 1%, year over year to 17,909 in the period, which is slightly lower than the net loss of 67 in the second quarter and drastically down from 156 in the first three months of the year and 350 last year.

Any minimums in terms of investable assets, net worth or other metrics will be set by individual wealth managers and their firms. That said, a minimum of $2 million to $5 million in assets is the range where it makes sense to consider the services of a wealth management firm.

Seventy percent of millionaire households used some sort of financial adviser, and the average length of that relationship spanned 10 years, the survey found.

If you have a high net worth and want a custom, actively managed portfolio, Fisher Investments is an excellent choice. The fees are similar to working with many financial advisors, but you also get the investing experience of Fisher Investments' team as a client.

"Edward Jones Ranks Highest in Investor Satisfaction, According to J.D. Power 2021 U.S. Full-Service Investor Satisfaction Study." Edward Jones. "Our Locations."

Fisher Investments focuses primarily on financial advice services and portfolio management. Meanwhile, Fidelity is the better option if you want to save for your child's future or open a specific savings account type, such as a health savings account or CD.

In summary, as calculated by Forbes, Ken Fisher's public stock picks outperform the broad U.S. stock market over the past 18 years by an average 4.2% annually, but outperformance may be fading.

Fisher Investments charges an all-encompassing fee of 1.5% on portfolios up to $500,000. The fee drops on higher account balances, to as low as 1.25%. There are no commissions or hidden fees based on trading within your account.

What is the most reputable investment company? ›

The Program Fee is 1.35% and the Portfolio Strategy Fee begins at 0.19%. These fees are tiered so additional invested assets are subject to lower fees. These fees do not include internal investment expenses.

Your financial advisor generally receives between 36% and 40% of the revenue Edward Jones receives from asset- based fees, transactional revenue, ongoing 12b-1 fees, trail commissions, and revenue from premiums generated by activity in your accounts.

Many financial advisers charge based on how much money they manage on your behalf, and 1% of your total assets under management is a pretty standard fee. But psst: If you have over $1 million, a flat fee might make a lot more financial sense for you, pros say.

Fisher Investments is a fiduciary. We are registered with SEC and its a responsibility we take very seriously.