Edward Jones

Although I'm conservative I decided to move my 401k to Edward Jones to keep up with inflation. I stated my retirement plans were 2 to 3 years out. I was convinced to get out of my comfort zone to reach a higher goal. After 6 months I had lost 6% of my money so I called stating my concern. Bear with me was the reply but 3 months later I was down 24%. The market will return but not in the time frame I layer out when I invested my money there, so worse decision in my future planning in over 10 years. Investment do grow over time but my plan wasn't listened to and it cost me dearly. Don't use this company is my best advice, but if you invest do it long term because yes the market does come back. But when everyone sees the market going down your money should be protected especially if you plan to retire soon.

Avoid this firm at all costs. They will charge you fees when they buy your investments, charge you monthly fees to do absolutely nothing and will then charge you termination fees when you leave. Their advisors request you to make an appointment just to talk to them and their general Client Relations phone number will keep you on hold for up to 30 minutes or more! Horrible service and very high fees - there is NO reason to use this firm!

My parents did business with Edward Jones for over 20 years before their death in the 1990s. Edward Jones at that time was a consumer oriented, locally managed, franchise based company. Consequently, when the opportunity arose, I also chose Edward Jones to oversee and manage part of my investment portfolio. I do business with Fidelity, Schwab, and Merrill Lynch as well. Of all of these brokerage houses, I can say that Edward Jones is the least consumer friendly, has the poorest website and Internet services, and the most expensive fees of any of the investment companies. If you want a brokerage house that charges extraordinary fees, in my case $400-600 for a stable, non-traded stock portfolio, to warehouse your stock portfolio, and a poorly designed website that makes determining your profits and losses an exercise of futility, then I would recommend Edward Jones.

Great pep talk, nothing really fiduciary letter from advisor, poor performance for a year period, and having my own brokerage account with the same amount to check performance, stayed in green, meantime Edward Jones lost money, their fees structure helped, no doubt as well. Stay away!!!

I've been dealing with Edward Jones for about 10 years and so zero growth! Only losses and bad advice. I recently sold my house and gave them my life savings. They forced me into the bond market assuring me it's the safest market. 8 months later I lost 20 percent of my life savings, all I got was assurance that it will rebound. I have no faith in these people. I will be transferring my other account next week. There are so many other options out there, do your research and stay away from this Ponzi scam.

Edward Jones advisors are as bad as advisors as I have had. They are phony pretending to be your friend and developing a relationship and all the while taking your money from savings only to be lost since all they want is to pad their pocket. Using this line " You don't make money having your money in a savings account, put money into mutual funds and you'll make more money with their stupid percentages they throw out to you. Beware of this line of crap and use your own common sense and don't fall for their lines all they are salesman. The worst kind of salesmen taking your money. Remember no one cares more about your money than yourself. I am very very sorry I got involved with Edward Jones and hopefully I'll make money back from mutual funds that are losers now and then I am totally out of Edward Jones. I am a millionaire and I didn't get my wealth by being stupid. Don't get involved with Edward Jones.

Ian has been handling our financial planning for over 15 years and has been a great asset to our family in advising us on everything we needed to plan for our children's college savings, planning our for our short term financial needs as well as the long term. He has given us excellent advise over the years and we have seen great gains when the economy boomed and he also sheltered our investments very well when the economy suffered. I cannot express our gratitude to Ian for all that he has done for our family over the year. He is an excellent advisor and gives great advise for whatever your short or long term goals. He is personable, down to earth and explains the markets in a way that is easy to understand. You will be very happy with the services from him as well as his excellent staff.

Fees, fees, fees. Never seen so many. Advisor kept claiming my gains made them worth it and took credit for those gains. No, the gains came solely from my stock choices. I was forced into mediocre American funds because they pay E. Jones to put their clients into them. I never knew this until doing my homework. Every time I asked about other funds I was told I would have to pay MORE!!! Over time it became clear that the financial advisor's advice to me was determined by how much $$$ she could make off of those choices and not what was best for me. A very sad state of affairs. I should have moved over to Schwab years ago. Now that the transfer is going through this advisor can't be bothered to give me the time of day. Schwab is SO much better. They have advisors there 24/7 and they are not commission driven. Wish I'd moved years ago.

I had my money with Edward Jones for 10 years and saw absolutely no growth. I did some research and found out that they get paid by companies to put client’s investments in their mutual funds and stocks. They also take money from the clients. This is so obviously a conflict of interest and they actually had to pay a 75 million dollar fine because of this. This is why they do not have your best interest at heart. Only theirs and the companies. I demanded that they put my money in a certain stock they and outright refused to, so I pulled all my money out. They get paid by commission only and are nothing but glorified salesman and are not required to have any financial background. Beware of investing with Edward jones because they are not required to give the best financial advise for you, only for them and the company. Everyone wise up and pull your money from them as soon as you can because it is a Ponzi scheme. Do your due diligence and research this, don’t just take my word for it like they expect you to do.

A few days ago I met with a financial advisor with this company, who had an office in Murfreesboro, TN. I was impressed with the meeting and I made plans to move a substantial amount of stock to the company. When I arrived home I had an email trying to get me to sign up for online services. I did what most people don't do: I read the "agreement" that became binding if I used the online service. Down about paragraph 18 there was an indemnity agreement whereby the client agreed to indemnify Edward Jones, its provider, and all of its third parties. I did not use the online service and I notified the advisor that I would not use it because of the indemnity agreement. Later the advisor sent me an email stating that Edward Jones could not help me. Beware of this company!!