by JW-Retired » Fri Mar 10, 2017 8:53 pm, Post Starting next April, investors with commission-based individual retirement accounts will be allowed to purchase only stocks, bonds, CDs and variable annuities. Frank Azar and Associates filed a class action lawsuit on March 30, 2018, In re Edward D. Jones & Co., L.P. Securities Litigation, Case No. He has helped our family through some tough patches. by Raymond » Wed Feb 01, 2017 12:09 am, Post 1 Aug 2017 7 Oct 2018 Unlike many discount brokerages, Edward Jones is a full-service broker. First, welcome to the Bogleheads! College savings 4. Hopefully, you do realize that all the things you are saying below could be easily accomplished in low-cost way, either self directed (a little more work), or via Fidelity or Vanguard PAS. Fee-based advice, an alternative to embedded commissions, warrants a fresh look. The sooner you do this the better, but do it on your timetable. Edward Jones' account transfer out fee to another brokerage company is $95 for both taxable and non-taxable (IRA) accounts. When I moved to Guided Solutions, my investment income increased substancially. Home » Disclosures » Account Fees My wife has an account with Advisory Solutions through Edward Jones they charged her $1,534 in investment fees are these fees deductible As long as the fees were not for a retirement account, they can be included in other miscellaneous itemized expenses. One-time set-up fee $20 1 Annual administration fees are calculated based on the holdings in the account on the last day of each month prior to the charge. Even when considering the extra annual fee I am now paying, the large reduction in mutual fund expenses (I had an A-share portfolio), and increased investment income (mainly from dividend oriented stocks and ETFs), almost make up for the increased yearly fee! Depending on what investors buy, they may pay commissions, markups or markdowns, sales charges and/or administrative fees. Either way, we've heard from a slew of EJ customers who are fleeing the fees. Edward Jones Fees and Commissions The list of Edward Jones' fees on cash management solutions, business cash management solutions and on additional services is located under this link. I am new to bogleheads and would really appreciate any advice - from what I have read so far EJ charges way to much. At brokerage firm Edward Jones, advisers stop getting paid if they fail to monitor your portfolio properly Fee-based investment management programs enable you . Our Fee-based Investment Programs. Agree with Dale. Edward Jones Account Options As a full-service firm, Edward Jones has a wide variety of options when it comes to accounts. One lesson I have learned over my time is that it doesn't matter what you make....it matters what you keep. $450,000. Wanted to make a trade today, 9/14/18 and since my rep was out I called the 1-800 number. *In Quebec, our advisors are known as Investment Advisors. relationship contact for all of your Edward Jones accounts. And their fees for their funds are generally lower than most competitors (with some recent exceptions). Stay with EJ - I think there is no doubt this is a poor choice. ↳   The Bogleheads® Wiki: a collaborative work of the Bogleheads community, ↳   Local Chapters and Bogleheads Community, https://www.bogleheads.org/wiki/Getting_started, https://www.edwardjones.com/images/guid ... f-fees.pdf, viewtopic.php?f=1&t=204277&newpost=3218666, http://www.onwallstreet.com/opinion/fid ... e-industry, https://investor.vanguard.com/advice/personal-advisor, https://vanguardblog.com/2011/10/28/sto ... f-returns/, https://investor.vanguard.com/mutual-funds/low-cost, www.bogleheads.org/wiki/Investment_policy_statement, https://www.edwardjones.com/images/LGL-8944-A_Final.pdf, Laddering bonds does not protect you from rising interest rates, http://www.dinkytown.net/java/CompareFees.html, [Edward Jones Guided Solutions - transfer Roth to Vanguard]. Fees Charged By Edward Jones Financial Advisors. Lots of churning, too. My advisor clearly laid out all the costs and values that Guided Solutions offers. I also had a meeting about 2 months ago and he explained the new fiduciary rules and how EJ is changing. In general, Edward Jones tends to be more expensive in regard to fees and annual costs while Vanguard is known to offer lower fees on investment products and services. edward jones vs bettermentedward jones reviews 2018. edward jones grandfathered account. By the way, that probably doesn't include the fees of the funds you're invested in, which may contain loads as others have said as high as 5.75%. by krow36 » Tue Jan 31, 2017 5:12 pm, Post by Nate79 » Fri Mar 10, 2017 11:52 pm, Post by millennialfalcon » Wed Feb 01, 2017 4:12 pm, Post Program Fee Schedule The Program Fee is based on the market value of all assets held in my Account, including any cash balances swept into the Edward Jones Money Market Fund. Fees Edward Jones charges for its services For its Guided and Advisory accounts, Edward Jones charges an asset-based fee based on how much you have invested with the firm and the services provided. Both Edward Jones and Vanguard offer the following investments: 1. Edward Jones Managing Partner Jim Weddle. If you move that money over to the Edward Jones Guided Portfolio and choose to put it into stocks your fee would be 1.8%, which would indeed save you money. 9 … Edward Jones IRA Fees Edward Jones' IRA fees are listed separately on their website in PDF file. I recently had a meeting with my Edward Jones advisor - he advised me that I needed to switch my account set up to guided solutions and would be charged an annual fee of 1.35% instead of being charged per trade. Have questions? I have (Soon will be moved) and a Guided Solutions account, haven't really like the way Edward Jones urges you to invest a certain way, or else you get out of alignment. With the new program, will they will be able to invest in front loaded A shares in addition to the 1.35% AUM annual fee? Member SIPC. Link to the file with Edward Jones IRA fees is located here. You should really try it sometime. For example, the Guided Solutions Flex Account has a minimum asset value of $25,000 while the Guided Solution Fund Account only requires a minimum of $5,000. It also serves clients in Canada. by DippityDoo » Wed Jun 14, 2017 1:02 am, Post You seem to know what you are paying, and believe the service you are receiving is worth the cost. Buy and Hold works. Edward Jones Fees and Commissions With a $40 annual fee on IRAs, plus a 2% fee on stock trades, dollar cost averaging and reinvested dividends, Edward Jones' fees and commissions are comparable to other full-service brokerages (e.g. that costs 0.3% instead of 1.35%. Re: Edward Jones Guided Solutions Fees Post by Bogle_Feet » Sat Mar 11, 2017 9:42 am investor747 wrote: and would be charged an annual fee of 1.35% instead of being charged per trade. edward jones advisory solutions performance. It is called "fiduciary responsibility". by triceratop » Tue Jun 13, 2017 8:59 pm, Post Re: Edward Jones Guided Solutions Fees Post by Bogle_Feet » Sat Mar 11, 2017 9:42 am investor747 wrote: and would be charged an annual fee of 1.35% instead of being charged per trade. I have about 20% of my portfolio in individual stocks -ZERO internal expenses, about 30% in individual laddered bonds - ZERO internal expenses, 25% or so in low cost ETFs, and the remaining amount in 5 star mutual funds. The percentage-based fee varies based on a variety of factors and can be negotiated. A fee is charged when you invest with Edward Jones and the amount depends on the type of financial product you purchase. Unknown Boglehead. Edward Jones and its independent affiliate in the United States, collectively, serve nearly 7 million investors. When I moved to Guided Solutions, my investment income increased substancially. Edward Jones provides investment services to individuals of all sizes and small businesses. by jaxsonritz » Mon Jun 12, 2017 7:57 pm, Post surprised to hear the fees are that much. They will also put you in low-cost, broad based index funds. The owners (shareholders) of Edward Jones expect a return on their investment. Prediction is very difficult, especially about the future - Niels Bohr | To get the "risk premium", you really do have to take the risk - nisiprius. After joining the Bogleheads and reading several books recommended on their wiki, I ended my lifelong reliance on a financial advisor and moved to a 4-fund portfolio through Vanguard. If changes in the securities holdings within the account are made after the fee has been calculated, the fee will not be reduced. They will also ask for high ERs, so its not only the 1.35 AUM fee, it could be also another 1.35% for ERs = 2.70% total for EJ each year. A fee is charged when you invest with Edward Jones and the amount depends on the type of financial product you purchase. Edward Jones Managing Partner Jim Weddle. View, print or save the most recent account documents for each investment advisory program below. I did have to break your post up to make clear the context that I was replying to. I have about 20% of my portfolio in individual stocks -ZERO internal expenses, about 30% in individual laddered bonds - ZERO internal expenses, 25% or so in low cost ETFs, and the remaining amount in 5 star mutual funds. Bogleheads Wiki: https://www.bogleheads.org/wiki/Main_Page. I immediately restored nearly $50,000 per year from the FA's pocket to my own, irrespective of market results. Now the rules change so they just figure out another way to rip you off. Mutual funds 7. by lalainvest552 » Tue Jun 06, 2017 8:45 am, Post by LadyGeek » Tue May 16, 2017 3:57 pm, Post View Homework Help - flex-schedule-of-fees.pdf from ACCOUNTING ACC 100 at University of Phoenix. by DippityDoo » Wed Jun 14, 2017 3:13 pm, Post The Program Fee is assessed beginning at an annual fee rate of 1.35%, payable monthly in arrears. Then came Guided Solutions Flex ... investor747 just for giggles, ask the EJ guy if he'll guarantee returns, say 10%. Guided Solutions allows me to reduce my portfolio risk and I enjoy working with my advisor. Why has no one discussed investment income? If you are not aware of this, as I wasn't, please do your research. An Edward Jones Guided Solutions Flex Account also gives clients control over their investment choices, ... often based on a flat fee or a percentage of client assets. by retiredjg » Mon Jun 05, 2017 10:33 am, Post My portfolio in Guided Solutions is approx. My FA discounted my fees 20%, so my fees are about 1.06% before internal investment expenses. I was also able to buy minimum volatility funds to help with downside protection. by whodidntante » Tue Jan 31, 2017 7:31 pm, Post The St. Louis-based financial firm is banning sales of all mutual funds and exchange-traded funds (ETFs) to a portion of its 4 million retirement customers.. Question, what did he say when you decided to move your funds? It looks like EJ is charging 1.35% on both taxable accounts and on IRAs. One lesson I have learned over my time is that it doesn't matter what you make....it matters what you keep. Cons: Edward Jones practices, Guided Solutions. "To play the stock market is to play musical chairs under the chord progression of a bid-ask spread.". Just convinced my 92 year old father to finally leave Edward Jones (EJ). For example, the Guided Solutions Flex Account has a minimum asset value of $25,000 while the Guided Solution Fund Account only requires a minimum of $5,000. Vanguard offers a management option (P.A.S.) I responded I hope to each of your points below. When using the investment advisory services like the Guided Solutions and Advisory Solutions programs, your fee rate will be based on the value of the assets in your account. With fee-based solutions, such as Edward Jones Guided Portfolios and Edward Jones I would like someone to respectfully point out anything I am overlooking or missing. I used to manage my own portfolio, but I realized that I don't have the time or desire to do so...especially in this volatile and rapidly changing environment. Edward Jones Brokerage Account Fees Schedule Choosing Edward Jones as your wealth-management company customers pay the cost for each investment that buy. Fees and Commissions Traditional and Roth IRAs at Edward Jones have a $40 annual account fee. by investor747 » Tue Jan 31, 2017 12:38 pm, Post Always good to read a story with a happy, or at least happier, ending. My portfolio in Guided Solutions is approx. Edward Jones Fees and Commissions With a $40 annual fee on IRAs, plus a 2% fee on stock trades, dollar cost averaging and reinvested dividends, Edward Jones' fees and commissions are comparable to other full-service brokerages (e.g. Average annual balances in Jones’ advisory programs, Advisory Solutions and Guided Solutions, more than doubled to $265 billion in 2017 from $101 billion in 2013, according to the complaint. by radiowave » Fri Mar 10, 2017 8:20 pm, Post Post StocksBoth companies also have annuities, personal advising, and savings accounts available.In addition, Edward Jones offers credit cards, life insurance, long-term care insurance, long-term disability in… Program Fee Schedule The Program Fee is based on the market value of all assets held in my Account, including any cash balances swept into the Edward Jones Money Market Fund. Yes I am paying more, but I am also keeping more, especially when, not if, the next market downturn occurs. by sschoe2 » Tue May 16, 2017 4:14 pm, Post Program Fee Schedule The Program Fee is based on the market value of all assets held in my Account, including any cash balances swept into the Edward Jones Money Market Fund. This change is because their old fee structure (how they made their money) runs afoul of the new fiduciary rules that are soon to go into effect for retirement accounts. by fisherbr » Fri Mar 10, 2017 7:25 pm, Post Fees Under Edward Jones. by JaneyLH » Wed Jun 14, 2017 1:40 pm, Post One of the features of the Edward Jones Guided Portfolios Program is the ability to combine your Guided Portfolios account with your other Guided Portfolios accounts or those of people related to you into what we refer to as a Pricing Group. by retiredjg » Tue Jun 06, 2017 9:10 am, Post I have more money to spend than at any time in my life and my investment balances are still growing. And then see what everyone else has posted on how much it will cost us to stay with EJ, and realize that it is not worth it. Edward Jones IRA Review If you live within 100 miles of any moderately sized small town, chances are you have heard of the Edward Jones brokerage. (Aaron Sorkin). Has none of the 'experts' posting on here consider the fact that these accounts can hold individual stocks, individual bonds, and ETFs? This return on investment comes from the revenue that Edward Jones generates from the fees associated with their accounts and commissions you pay when buying a mutual fund. All rights reserved. My FA discounted my fees 20%, so my fees are about 1.06% before internal investment expenses. Why has no one discussed investment income? by fposte » Wed Jun 14, 2017 1:59 pm, Post If you are not aware of this, as I wasn't, please do your research. Retirement savings 8. Have a question about your personal investments? Edward Jones IRA Review If you live within 100 miles of any moderately sized small town, chances are you have heard of the Edward Jones brokerage. by BigJohn » Sat Mar 11, 2017 7:33 am, Post Fees generally range between 1.35% and 1.50% of assets annually, and can reach 2% when administrative fees and underlying fund expenses are included, it said. All accounts that participate in an investment advisory program also have an account-level agreement. The Program Fee is assessed beginning at an annual fee rate of 1.35%, payable monthly in arrears. Edward Jones Guided Solutions® is a client-directed wrap fee program designed to provide the client with ongoing investment advice, guidance and services for an asset-based fee. The flat fee is based on a tiered schedule, ranging from 1.35% for your first $250,000 invested down to 1% or less for $1.5 million or more invested. Edward Jones Guided Portfolios ® is a uniquely structured investment program for the person who wants to be actively involved in investment decisions, likes a simple, predictable fee, and appreciates the accountability that comes with regular reviews.. Key features: Keeps you involved in day-to-day investment decisions with ongoing advice and guidance from your Edward Jones advisor. by oldcomputerguy » Sat Mar 11, 2017 8:32 am, Post The CEO of Edward Jones is Penny Pennington. I have little knowledge of this and am concerned that he was just trying to talk me into something that better benefits him. But, if you value the advise you are getting to the tune of $1000's per year, then that is fine. This would not be the case if I had stuck with the FA model. Returns on my 60/40 portfolio have been fine, too. by cherijoh » Wed Feb 01, 2017 11:33 am, Post It's "Stay" the course, not Stray the Course. His life and his choice so I only gently suggested the change over the years. I talked my kids into opening an account with them too - and he wanted them to switch to the 1.35% charge as well - please help. I am happy with participating in 85% of the upside of the market, and only 50% of the downside. OP, use this tool and do some "what if" analysis: "We are here to provoke thoughtfulness, not agree with you." If you move that money over to the Edward Jones Guided Portfolio and choose to put it into stocks your fee would be 1.8%, which would indeed save you money. by Pajamas » Tue May 16, 2017 4:18 pm, Post They were ripping you off before. by Jack FFR1846 » Wed Jun 14, 2017 1:51 pm, Post by NOLA » Sat Mar 11, 2017 12:48 am, Post I am fairly knowledgeable about investments and the costs of a portfolio. I'm sure if you use Guided Solutions, there is an AUM. But rest assured if you use Vanguard instead of Ed Jones, you'll keep more of what you make. I wish I had this account option when I started investing with Edward Jones 15 years ago. Please note that not all of the investments and services mentioned are available in every state. Edward Jones IRA Fees Comparison Edward Jones is much more expensive than a self-directed on-line discount broker. I am happy with participating in 85% of the upside of the market, and only 50% of the downside. I really like the account and it seems like most people on here are failing to realize how this account works, yet seem knowledgeable enough to make recomendations. Edward Jones serves nearly 7 million investors and has the largest retail footprint of any financial services company in America. Then considering that I am able to be opportunistic with buying and selling individual stocks (not having to consider commissions), I am able to ladder my individual bonds (I am worried about rising interest rates). He paid over $792 in fees for the Guided Solutions account in 2016, and over $3,350 in fees during the period he was in Advisory Solutions. Has none of the 'experts' posting on here consider the fact that these accounts can hold individual stocks, individual bonds, and ETFs? Check with your financial advisor for more information. and that I can choose the best mutual funds and ETFs....how is this a bad deal? ). Guided Solutions allows me to reduce my portfolio risk and I enjoy working with my advisor. by retiredjg » Wed Jun 14, 2017 2:38 pm, Post Certificates of deposit (CDs) 3. I do not believe non-retirement accounts are affected. Larger accounts receive lower rates, while increasing the number of asset classes (adding fixed-income, for example) will increase the broker’s fee. , Morgan Stanley, Merrill Lynch, etc customers pay the cost each. Are exempt continued to safely serve investors ’ needs in the United States, collectively, serve 7. The advisor is just managing investments firm, Edward Jones is a full-service,! The cost for each investment advisory Program below with a happy, at. 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