In May 2024, Financial Planning listed Edward Jones as the number one firm for Best Advisor Pay for the $2M, $1M and $600K production levels and second for the $400K production level.
Each year Financial Planning’s parent company, Arizent, invites leading investment firms to submit their advisor compensation data then enlists the independent consulting services of Tasnady Associates to provide the analysis of base pay for financial advisors. Their report evaluated payout rates at four levels of production, $2M, $1M, $600K and $400K and broke out the firms into two segment types – wirehouse or national and regional broker-dealer. Again, this year, Edward Jones ranked #1 in production levels $2M, $1M and $600K and #2 at the $400K level – across both national and regional broker-dealer and wirehouse firms.
This outstanding ranking is commensurate with our firm’s entrepreneurial business model allowing our financial advisors to build their practices their way.
“At Edward Jones, we give you the tools and resources you need to serve clients more completely to help them achieve their financial and life goals – our clients’ success is your success, and your compensation will reflect that.”
– David Chubak, Head of Branch Development and U.S. Business Unit
Edward Jones provides financial advisors with the autonomy to set their own goals and to be rewarded as their successes are met. Bonuses are rewarded and paid every trimester, and not deferred and paid at year end.
In addition to our generous standard compensation, Edward Jones offers transition compensation for experienced advisors* of at least two times an advisor’s trailing 12-month production with no handcuffs .
Competitively speaking, Edward Jones has one of the top compensation structures in the industry.
*Must have three years client-facing experience, manage at least $30 million in assets under care, and produce at least $250,000 annually in gross production
Important Information:
To help advisors make sense of it all, Financial Planning presents this annual analysis of core compensation components at wirehouses, national and regional broker-dealers. Company data compiled by Arizent; analysis by Tasnady & Associates. Data as of December 2023. Source: Financial-planning.com (May 2024). Neither Financial Planning, Arizent, nor Tasnady & Associates receive compensation in exchange for placement on the ranking but provided for using the rating.
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