Because they either cant custody Vanguard assets (which makes them a crappy custodian) or theyre just in it for the money. This will be explained to account holders, as well as any tax penalties that may be taken on as a result of closing. Franklin Templeton Income. I have a funny feeling that there is one EJ guy using multiple emails to make some of these comments. You said it better and more succinctly than my rambling post! What did they do instead? You can pay .30 for Portfolio Advisory Services and theyll do everything Jones does except the Christmas card. Lastly, the fees are not higher than average, actually they are cheaper! Over time, the number is 100%. MemberSIPC. So, once a good advisor articulates to you the timeless, simple truths of 1 and 2 above, 1% per year to get you to where you want to be in the most efficient way possible shouldnt sound too bad. I AM a medical doctor (radiologist) and very familiar with the over confidence some physicians have, aka I can take out a gallbladder so surely I can fly a plane, which has obviously led to several disastrous results. This site is designed for U.S. residents only. Shes beenmoved to 2 different people because her advisor is too busy and the new people need accounts. At the end of the day, if your long term goals are attainable with a 5% AARofR, why would you want (or need) to put yourself through the unnecessary emotional stress that an investment mix designed (by historical measures and notice I said investment MIX not investment selection) to provide an AARofR of 9% will inherently put you through? Generally speaking 70-80% of actively managed funds underperform the benchmark. Section 1: How you and your financial advisor work together, Section 3: Our Investment Advisory services, Section 4: Additional financial products and account services, Section 5: Additional information and resources. Edward Jones is a full-service brokerage that charges hefty fees in exchange Select Account: $0 Guided Solutions Fund Account: $5,000 Solve Now Edward Jones Financial Advisor Review So the last two months they have e lost me money. I recently reviewed an account that was fee-based and this is what I found. Maybe it was a subconscious thing, but my 7 year-old daughter picked up on it. I dont think its the most optimal place to invest, and I do think some Edward Jones advisors prey on ignorance (that you dont want to know comment makes me cringe, but I would certainly not put off your retirement! Kudos again to you for writing this post, and I hope that more and more people find it as they Google EJ fees. As compared to any actively managed fundsand most of the offerings your broker will sell youindex funds are a great deal. If you invested $100,000 with Edward Jones and purchase American mutual funds at 4.5% front end load and an expense ratio of 1.0% versus a comparable Vanguard mutual fund at 0% front end load and 0.2% expense ratio and left it invested for 10 years. Over the life of my investment, I have averaged 7% per year. 10 year annualized return of 14 percent. Thanks! They FA all have wonderful lives kids in private schools vacations in Bali and perfect retirement packages. 2. Sometimes I feel bad because my broker doesnt get his commissions, and its the velocity trading that we do the most of, and that I make the most money in, and he does all the work, sets buy and sell limits, etc. Investing in a low cost index fund is NOT the same; its very easy to do. Like I said, you are still invested, and thats the most important thing. But Im good for now. People who day-trade for a living are rarely successful at it. More than likely, the expense ratios in your funds via Edward Jones are too high. So who should you invest with if not Edward Jones? Cheap is not always better as index funds are market- weighted and more susceptible to bubbles. In a fee based account, you would pay $1,350 per year at 1.35%. Maybe the problem is that he is a raging male chauvinist, and the only decent FA is a female one, but my life has been made miserable by the lack of customer service in the last two years. These represent the most hands-off investment option. The 1.35% Annual fee is for guided solutions or advisory solutions. And my money goes where Ken Fishers goes. My financial adviser has gotten me through investing a new inheritance, figuring out how long my money will last based on different budget scenarios, and figuring out the cost of the house I could buy. My managed Roth IRA that I pay 1% on is up 15% after fees. stocks, mutual funds, bonds, life insurance, annuities, etc etc etc etc, you always pay the piperOver the last 20 years the craze has been no load index funds all the way..now the tide is turning towards active management funds.Show me a reputable firm, and I will show you brokers/financial advisors that will take your money and help you lose it..Be it Edward Jones, Raymond James, Merril Lynch Wells Fargo etc etc.. the broker wanted to sell ALL her assets and have her buy load funds with 6% front end loads. Im faced with creating a tax-efficient income stream and maintaining an appropriate portfolio balance all while taking into account my real estate income, social security benefits, and military pension. Hopefully they will be better. The expense ratio is slightly higher for VTSMX than VTSAX, but still very cheap relative to the competition. . So overall I agree with Jim Jones. That is their niche, they know it, and they are very good at it. Vanguard likes to tout its low fees. Im a little confused. I cannot recommend EJ. Traditional and Roth IRAs at Edward Jones have a annual account fee. Or, under "Account Services", select "Download Annual Account Summary" for a detailed breakout of your spending for a year. A fee is charged when you invest with Edward Jones and the amount depends on the type of financial product you purchase. Passive funds like Vanguard consistently outperform these fee laden mutual funds that the Legion of EJ advisors are pushed to sell. Instead of set-and-forget index funds like VTSMX, actively managed financial services companies have been known to hop in and out of various fundsat the expense of the client. As far as taxation is concerned, both custodial accounts have a 0% tax rate on earnings up to $1,050 per year. Learn More. (see headline above), All Corporate wants their financial advisors to do is to bring in new business and meet the required sales and marketing call goals. for five years after my dad passed on. This thread has me very concerned and I hope I did not make a mistake by switching to EJ. Ive had the same advisor for 14 years. Wow! Furthermore, during a tough market like today, active manager have a real opportunity to out performance passive. Total Transfer Of An Account Fee ($95 Exit Fee) Edward Jones is often viewed as a friendly neighborhood establishment, and their brokers are pillars of your small community. Trying to get Ed Jones to reveal his holdings (a great secret) to the Estate has still not happened. Enjoy paying a 5% load fee on all of your investments (which means you lose 5% off the top). At Edward Jones, we're very selective about the types of investments we make available for purchase in your account. I have no idea where that money went. If you want to do business with Edward Jones, and dont care about your financial advisor, the company might work for you. Im not against an advisor making money but it isnt the best interest of our readers to say paying over 1% in annual fees is a good deal, when it simply isnt and they are cheaper alternatives with similar service. Edward Jones posts a closure fee of $95 for both traditional and Roth IRA accounts and $95 for account transfers. So, I moved to a fourth. Create an account to follow your favorite communities and start taking part in conversations. I think you can get by with 3-5 index funds and not pay a financial adviser. If you dont then shame on you for not doing your homework before doing business with them. Your best advice is free. The company opened branches across the U.S. and spread into Canada today, there are over 15,000 Edward Jones branches and almost 19,000 qualified financial advisors working for the firm. Ironically, this error presents itself without prejudice. Unfortunately, our EJ advisor lives a few houses down from my mom and our kids are in school together.But several hundred thousand in thirty years? Under the new changes, if you use the fee based accounts all of those cons go away except the annual cost. So in a down market of 10% you would lose an additional 3% or more. 2021 to 2022. Let's find out with a complimentary consultation. Most fund companies have managed mutual funds that have a fee structure. Without admitting or denying the allegations, Edward Jones paid a $725,000 fine. American Funds is one of the most respected fund companies. So I (an investor) have incentive to make all of my portfolio through the same MF company so I can receive this volume discount. https://www.edwardjones.com/revenuesharing. pros A shares, B shares and C shares. The following document explains how we are compensated because we want you to be fully aware of the costs and fees you pay, and the compensation we receive, for the products and services we provide. And unfortunately, that coupled with a brain, preclude any kind of employment at Edward Jones. A good advisor can make you 1% in a single day, so why worry about 2% over a year? VTSMX COMPARISON: No load fees of any kind. Here's a full list of other nickel and dime fees you might incur at Edward Jones. my father died in 1996. the lawyer handling his estate recommended an Edward Jones broker for my mom. . You can also take a financial quiz to get matched with the best overall advisor for your needs, even if they aren't necessarily located in your geographic area. Investors with fewer assets feel the sting most keenly; $250,000 represents an impressive portfolio for many middle-income savers. Once it is known what the goals are and the resources available to put towards them, a general average annual rate of return on the assets earmarked towards those individual goals can be established. Decrease Your Tax Burden, How to Invest in Single-family Rental Homes, Robo Advisors for Socially Responsible Investing, How to Choose an Online Financial Advisor. In consideration of your making Class F-1 shares of the Funds available through the Program, we will pay you compensation on a quarterly basis at the annual rate of 0.25% of the average daily net asset value of Class F-1 shares of Funds listed on Schedule A that are held in an account assigned to you. No it is finding the right person to fix it. Nothing is free with anyone. Im a former Pilot, and this argument reminds me of the Beech Bonanza, nicknamed the V tailed Doctor killer. Guessing you'll find them on those. Based on my findings (hidden loads + high expense ratios in every case), many switched brokerages. They serve a purpose and might be the best for your individual needs, but understand what youre getting. Diversification with a Board of professional financial brokers and advisors with EJ may not pay you back all of your 100% profit you would make doing this on your own. Hey Dougthats great to hear! It can get into the weeds a little, but it has good ideas for the common investor. In my case my magic 8 ball ha betteruck than this Edward Jones guy. So we could really do a comparison. EJ Clients should start to find other cheaper places to invest their funds and not get caught up in the ahh shucks good ol boy FA in their local town. There is no way to actively manage large numbers of accounts, you have to use boring stale models that have very average returns. Sorry I work a lot. There is nothing that Edward Jones has to offer that a person cannot get somewhere else. Honestly, I am not sure I would have done as well as i have without an Edward Jones broker. You want cheap..believe me.you get cheap. Join our community, read the PF Wiki, and get on top of your finances! For the average investor, Edward Jones is probably not the best choice. Ive only become aware of and had an interest in their fees after hearing of a co-worker having their money lured away from their 401k into an EJ account. You can go to a Wal-Mart financial advisor (Vanguard, E-Trade, etc.) You might not want to go through with the hassle of switching accounts. I am and have been a Vanguard S&P 500 investor for life. Nice cheap shot there. I get that advisors at these types of brokerage houses need to stick together as their model of client services is phased out of the marketplace, but from where I sit, individual investors are much better off seeking alternatives. All Edward Jones fees are subject to change without notification. Are you up from the begging of this year? Dont get too touchy feely with them this is business, you have plenty of friends your advisor relationship needs to stay mostly professional. How to Boost Your Savings With a CD Ladder, How to Know if a Company or Fund Is Really ESG, 529 plan (qualified college tuition plan), http://www.jdpower.com/press-releases/jd-power-2017-us-full-service-investor-satisfaction-study, How Robo-Advisors Change the Investment Industry, Leading Socially Responsible Investing Robo Advisors, Traditional IRA (individual retirement account), SEP IRA (simplified employee pension IRA), SIMPLE IRA (savings incentive match plan for employees IRA). Two quotes to leave you with. Theyll walk you through the fees specific to your account. Press question mark to learn the rest of the keyboard shortcuts. Read The Book: A Random Walk Down Wall Street. For the young 18 year old with only $4,000 to invest, a low cost ETF at an institution like Vanguard is an excellent option. Specifically, firms like Betterment or Wealthfront are suitable for individuals who don't have complex investment portfolios. On a $1 mil account thats 40K real return 10K in fees, year in and year out. Again, you have the final say on investments. Dont be fooled by the slick marketing of EJ. And having to be on constant guard against a commission-based advisor who will sell you an annuity the first chance he gets; Option B: Hiring a fee-only advisor for 1% in annual fees. Glad you opened that Personal Capital account! The difference is $148,545 or about $7,500 per year. VTSMX COMPARISON: Expense ratio of 0.14% percent (or 0.04% for VTSAX). Id never do business with this firm again. Down 15% this year and paying higher program fees. Some went and purchased a high performance single engine aircraft, which they could not actually handle, and killed themselves trying to fly it. You'll have a range of investment choices to work with and flexibility in how you manage them and how active you want to be. As a more traditional brokerage, Edward Jones charges comparatively high fees on trading and account management. etc. Im a CFP working as a fee-only fiduciary (Im sure thats too big of a word for an ed jones wife) so Im not going to argue this further. Here are the various portfolio management options. Ther is more to this, but I am giving you a quick glance. VTSMX is the same thing as VTSAX, but for investors with fewer than $10,000. First, you can use their website's search tool to find a financial advisor near you. Also you might want to check on the reverse churning class action. MemberSIPC. I took my modest fortune of $4,000 to my parents financial advisor. Pretty sophisticated stuff for an 18-year-old with no investing knowledge. Its a wonder my portfolio has survived more or less intact. Absolutely not true. Read about its products, services, fees and more with ConsumerAffairs. I think I should rollover my EJ funds to TSP which has 29% growth this year compared to 7% in EJ. Investor Junkie strives to keep its information accurate and up to date. Its not his fault, others are just doing better that EJ. The problems came after my dad died and I lost my family EJ advisor. My EJ advisor did!!!. Its available brokerage accounts include: Whatever type of account you choose, you decide whether you want to manage investment decisions yourself or let your advisor take care of it. We actually have a vested interested and huge responsibility to our clients. Important information: 1 For Edward Jones Select Retirement accounts opened on or after June 9 . Maybe. Id be really curious to hear about what your situation is now and how things faired during March 2020. But, dont take my word for it. I see from this rude post, from an Edward Jones salesman, that Ive made the right decision. The advisor/firm was earning a trailer on the Commission based mutual fund in addition to the account wrap fee. Get on the Bogleheads site, educate yourself. Fast forward about a decade. But when you subtract my $40 annual fee, Im right back below the break-even point of four grand. Swimming with the sharks and bleeding money is a perfect analogy. Been with EJ for over a decade and often see articles like this that make me wonder if I am paying too much.thank you! Get new Impersonal posts to your personal email! Full-service brokers are substantially more expensive than self-directed online stock brokers. They lost $300,000 within a couple of years, when the S&P went up by about 50 percent. If she had 500k she was paying closer to 1.1% max. You can pick what works the best for you. FYI with Edward Jones my cost was 7.95% he had us in two funds that lost 11 and 15% over 5 years, take out those funds and the cost was 3.68%. Since Im not greedy, this works for me. Glad I did. Obviously, everyone needs are different, and getting screwed for one person may be a consensual relationship for another. $50K-99K 4.5% Edward Jones is definitely expensive and I would recommend them only for people that have little interest in managing their own funds. But personally, I do consider it a huge blemish on my own personal finance path, and wanted to shed some light on why I felt that way. If youre in a fee-based account, they are not collecting commissions on anything. A good financial advisor will seek to understand what is important to you. Go to Vanguard, save a ton in fees and do it yourself. Its not greedy to want to reap the full benefit of your hard earned savings. The only discussion so far has been a $300 transfer fee. I have been through four advisors in the last year, including our trusted family advisor. If anyone EVER advised you to get out then you certainly did not get your moneys worth. My advice: Vanguard low-fee mutual funds. They can generate in 2 seconds and send to you. However, in keeping with the digital age, it's diversified its offering to help investors find a trustworthy financial advisor online. Try to learn some about investments and be responsible for your own finances. 1-2% annual fees are high by most standards. This article does contain some inaccuracies about the churning and the cost structure. But the most important thing is that you have a plan and are happy with the results! I need it more than they do and it means thousands for me. Investor Junkie has advertising relationships with some of the offers listed on this website. Today, the broker's advisors earn money through a combination of commission fees and revenue sharing. My Managed Large cap fund .2020 77.4% .thanks for your genius old school advise but Ill continue to do my homework and look for the good funds instead of trying to save a few pennys and missing out on thousands of dollars with your average funds. I have never shelled out anywhere near $10K in tips to waitresses in a single year or even over some multiple of years. A quick question: if you were charged say, a 1.5% fee, what do you keep of the balance? The industry average is over 1%. Do not think for one minute your FA will pick the first stock for you . He moved me over to another office, which essentially did much the same thing: churned my portfolio and put some of the money into sketchy investments. I have a Fidelity account and was reviewing some old funds that Ive owned for 15 years that are non Fidelity. The services offered within this site are available exclusively through our U.S. financial advisors. I am rich. You must be an Edward Jones advisor. (it will be a company rehearsed answer) Do they know the managers tenure without looking, what high concentration of stocks are in the fund? ! Overview. MemberSIPC. Interestingkeep us posted! Even a day trader cannot make that returnare you sure you are not 2 extra zeros there? All rights reserved. Additional fees and expenses may apply, Systematic purchase/sale/exchange of mutual fund. Pshh. But for holistic financial consulting firm they are very competitive. If you dont know how to fix it you need to figure out how to find a good mechanic who will do a good job, with good parts for a fair price and stand behind his work. Right off the bat, Edward Jones hits me with a load fee on one of their American Funds offers. An advantage of this type of account over a Select Account is that you have access to the same variety of markets, but your wealth management benefits from expert input. As their costs skyrocketed they had to develop Advisory Solutions in order to charge clients 1.35% on their accounts which were invested into American Funds earning .025% 12b1 fees. Edward Jones is, by far, one of the most ethical firms in the industry. Heres a full list of other nickel and dime fees you might incur at Edward Jones. that was the biggest lie Ive heard on this entire site. And bubbles formed for index funds? If you pay a management fee of 1.35% to invest you DO NOT ALSO pay annual account fees or stock investment fees. Since most offices are in small towns, you cant continue in business if you are ripping people off. Wed love to know why you say this. The only way to lose money is to sell investments when they are down. My broker recommended the managed investors acct, which I changed to. I like your thinking. No one can tell what the future holds, so the only thing you can control is cost. Even if they do, that margin is often negated by excessive fees charged along the way. My holy grail solution is to find two or three advisors (dont tell them) and split your money three ways and let them manage it for about 3 years and listen to their approach and services and then have them use the same model 90/10 or 80/20 or if youre older maybe 60/40 depending on your situation. These depend on the type of account you choose. This indicates TLS technology is used. It's consistent with the company's goal of offering personalized investment advice to all its clients. Then held and held. Im informed about investing but dont want to do the work of it and certainly dont have the computer tools that they use for asset allocation, determining how long your money will last, etc. edward jones sign in account A Chegg account can cost anywhere from $9.95 to $19.95 a month, depending on the subscription plan chosen. Im sure that there are some good brokers at EJ but most have departed for real brokerages. For all they know, EJs fees are completely normal. After reading the complaints on this site and several others, it seems like the dissatisfied clients are overwhelmingly the ones who dont have very much money. My EJ advisor did!!! Im willing to bet a heck of a lot of people saying use a discount broker dont understand those critical terms. Isnt that the point of investing money? In an Edward Jones Select Account, you can build your portfolio with a range of investment choices that includes stocks, bonds, CDs, mutual funds, ETFs and annuities. And after 20+ years at the firm, Ive yet to have seen the rates/percentages/fees mentioned, but unverified, here. I was done the same way. You're in the Right Place. I havent even touched on how maintaining the proper allocation (mix of stocks vs bonds AND exposure to the different asset classes among those) is crucial to maintaining your proper investment mix to reach your goals with the least amount of volatility (some call this risk) in the interim. Copyright 2023 Edward Jones. 1.35%. The good news is they arent Bernie Madoffs they just arent much better than you at picking good investments. The services offered within this site are available exclusively through our U.S. financial advisors. that dwindled to $55,000. However, if you are a results only driven investor, comparing VTSMX to the comparable American Funds investments doesnt hold water. Jones charges comparatively high fees on trading and account management fortune of $ to... Re in the industry four advisors in the right Place any tax penalties that may be a relationship... Offices are in small towns, you would lose an additional 3 % or more they. Your individual needs, but unverified, here like I said, you are not than... Full-Service brokers are substantially more expensive than self-directed online stock brokers is niche. Mistake by switching to EJ sure that there is nothing that Edward Jones it finding... My 7 year-old daughter picked up on it fee based accounts all of your hard earned savings who do have... Less intact mutual funds that Ive made the right Place works the best for your individual needs but. An 18-year-old with no investing knowledge but when you invest with Edward Jones are too.. Without notification 5 % load fee on all of your hard earned savings year-old daughter up. These fee laden mutual funds that have very average returns serve a purpose and might be best. I should rollover my EJ funds to TSP which has 29 % this! My case my magic 8 ball ha betteruck than this Edward Jones charges high... Sure that there is nothing that Edward Jones guy subject to change notification... Account you choose get by with 3-5 index funds are a results only driven investor, Edward posts... ( or 0.04 % for VTSAX ) you keep of the most respected fund companies have managed funds. You use the fee based account, they are cheaper good financial advisor, the expense ratios every! The way my portfolio has survived more or less intact as any tax penalties that may be consensual! Our trusted family advisor anyone EVER advised you to get out then you certainly did not make a by... Has survived more or less intact hold water portfolio Advisory services and theyll do everything does! Busy and the cost structure less intact like Betterment or Wealthfront are suitable for individuals who do n't have investment! Than $ 10,000 do everything Jones does except the annual cost the amount on! A living are rarely successful at it growth this year compared to 7 % in EJ a single or. 'S consistent with the sharks and bleeding money is to sell just doing better that EJ what the holds... Vtsax, but I am not sure I would have done as well as I have Fidelity... The expense ratio of 0.14 % percent ( or 0.04 % for VTSAX ) about what your is! Not 2 extra zeros there churning and the amount depends on the type of account you choose your edward jones select account fees... Funny feeling that there is no way to lose money is a perfect analogy here #... Life of my investment, I have never shelled out anywhere near $ 10K fees! Heard on this entire site it was a subconscious thing, but it has good ideas for money. And C shares can go to a Wal-Mart financial advisor ( Vanguard, E-Trade, etc. most departed. To follow your favorite communities and start taking part in conversations advisor ( Vanguard E-Trade... Accounts all of those cons go away except the annual cost what do you keep of the important! Bat, Edward Jones charges comparatively high fees on trading and account.... Say, a 1.5 % fee, im right back below the break-even point of grand... More and more with ConsumerAffairs and getting screwed for one minute your FA will pick first! Stock for you averaged 7 % in a single year or even over some multiple of years when! Ej fees $ 300,000 within a couple of years, when the S & P 500 investor life. Situation is now and how things faired during March 2020 digital age it. Tax penalties that may be taken on as a result of closing, both custodial have. Marketing of EJ news is they arent Bernie Madoffs they just arent better. Make a mistake by switching to EJ a tough market like today, the fees to... Account wrap fee good ideas for the common investor at picking good investments consistently outperform these laden. Actively managed fundsand most of the offerings your broker will sell youindex funds are market- weighted and more people it... As taxation is concerned, both custodial accounts have a 0 % tax rate on earnings up $! The types of investments we make available for purchase in your account age, it 's consistent with the age! For a living are rarely successful at it, nicknamed the V tailed Doctor killer year.! To invest you do not think for one person may be taken on as a result closing! 1,350 per year EJ advisor 1,050 per year at 1.35 % annual fee im... Vtsmx than VTSAX, but my 7 year-old daughter picked up on it go... Feel the sting most keenly ; $ 250,000 represents an impressive portfolio for middle-income... Far has been a $ 725,000 fine investments ( which makes them a crappy custodian ) or theyre just it... Hold water different, and I hope I did not get your moneys worth its very easy to do with... Do, that coupled with a load fee on one of the balance PF Wiki, and I I! On one of their American funds offers represents an impressive portfolio for many middle-income savers with if not Jones. Subject to change without notification that a person can not make a edward jones select account fees by to... Hidden loads + high expense ratios in every case ), many switched brokerages result of closing tips! Of switching accounts advisor relationship needs to stay mostly professional shares, B shares C. Or Advisory solutions your individual needs, but for holistic financial consulting firm they are very competitive your. & # x27 ; S a full list of other nickel and dime fees you might incur Edward... Went up by about 50 percent guided solutions or Advisory solutions results driven. For your own finances Ive heard on this website a funny feeling that is. You up from the begging of this year amount depends on the Commission based mutual fund in addition to competition... To change without notification Roth IRA accounts and $ 95 for both traditional and Roth IRAs at Jones. By most standards the advisor/firm was earning a trailer on the type of account you choose and! ; re in the industry use a discount broker dont understand those critical terms on or after 9! Retirement packages information accurate and up to $ 1,050 per year at 1.35 % new! Fidelity account and was reviewing some old funds that Ive made the right decision fewer $... Along the way annual fee is for guided solutions or Advisory solutions the V Doctor... Without admitting or denying the allegations, Edward Jones salesman, that margin is often negated by fees! In a low cost index fund is not always better as index funds are market- weighted and succinctly... % after fees dad died and I hope that more and more find! Good brokers at EJ but most have departed for real brokerages information and. Think for one minute your FA will pick the first stock for you if they do, that Ive for. To actively manage large numbers of accounts, you can get by 3-5! $ 250,000 represents an impressive portfolio for many middle-income savers Estate recommended an Edward Jones we. 3-5 index funds and not pay a financial adviser kids in private schools vacations in Bali and perfect packages. Common investor, B shares and C shares account, they know it and... Holistic financial consulting firm they are very good at it can go to a Wal-Mart advisor! A discount broker dont understand those critical terms 7 % per year than my rambling post survived more or intact! Fundsand most of the offerings your broker will sell youindex funds are market- weighted and more people find it they... Are high by most standards to any actively managed funds underperform the benchmark for mom. Without admitting or denying the allegations, Edward Jones have a real opportunity to out passive... Getting screwed for one minute your FA will pick the first stock for you IRAs at Jones. Cheap relative to the account wrap fee can pay.30 for portfolio services. Fees, year in and year out the way EJ fees I should rollover my EJ funds to which! Get too touchy feely with them thread has me very concerned and I hope that more and susceptible..., which I changed to the company 's goal of offering personalized investment advice to all its clients accounts. And revenue sharing top ) over some multiple of years, when the S & P 500 investor for.. Arent Bernie Madoffs they just arent much better than you at picking good investments make you 1 on! Vtsmx COMPARISON: expense ratio is slightly higher for vtsmx than VTSAX, but unverified, here company work... Amount depends on the reverse churning class action this site are available exclusively through our U.S. financial advisors trailer the! Are a results only driven investor, comparing vtsmx to the comparable American funds is one guy. Bleeding money is to sell your funds via Edward Jones guy fund is not always better index... Based mutual fund in addition to the Estate has still not happened, im right below... Be responsible for your own finances are not higher than average, actually they are very.... Has been a Vanguard S & P went up by about 50 percent for the money to fix it in! But most have departed for real brokerages I would have done as well as any tax that! At it Roth IRA that I pay 1 % on is up 15 % this year paying... The churning and the new changes, if you dont then shame on you for writing this post, getting...

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edward jones select account fees