Jones will no longer be able to justify selling people the "loaded" funds where they presently earn most of their money. All rights reserved. I am retiring next year and my advisor taught me the importance of not only returns, but the sequence of returns in retirement. Buy and Hold works. 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. by lazydavid » Mon Jun 05, 2017 9:10 am, Post They were ripping you off before. It would probably be $2-300/year vs 1.25% of say a $100k portfolio so $1250/year. All accounts that participate in an investment advisory program also have an account-level agreement. I immediately restored nearly $50,000 per year from the FA's pocket to my own, irrespective of market results. Then came Guided Solutions Flex ... investor747 just for giggles, ask the EJ guy if he'll guarantee returns, say 10%. Please note that not all of the investments and services mentioned are available in every state. A fee is charged when you invest with Edward Jones and the amount depends on the type of financial product you purchase. by LadyGeek » Tue May 16, 2017 3:57 pm, Post Fee-based advice, an alternative to embedded commissions, warrants a fresh look. Edward Jones Account Options As a full-service firm, Edward Jones has a wide variety of options when it comes to accounts. ↳ 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]. Check with your financial advisor for more information. ... almost make up for the increased yearly fee! Edward Jones provides investment services to individuals of all sizes and small businesses. This Edward Jones Advisory Guided Solution is no solution it is a culty scam–and I am very disturbed that this is allowed to be happening to anyone. $450,000. If changes in the securities holdings within the account are made after the fee has been calculated, the fee will not be reduced. I'm sure if you use Guided Solutions, there is an AUM. by BigJohn » Sat Mar 11, 2017 7:33 am, Post It looks like EJ is charging 1.35% on both taxable accounts and on IRAs. by Dale_G » Tue Jan 31, 2017 4:49 pm, Post Edward Jones' account transfer out fee to another brokerage company is $95 for both taxable and non-taxable (IRA) accounts. Prediction is very difficult, especially about the future - Niels Bohr | To get the "risk premium", you really do have to take the risk - nisiprius. My advisor clearly laid out all the costs and values that Guided Solutions offers. 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. Spent time to get comfortable with investing and then give EJ the bad news. Edward Jones on the other hand, is a privately owned company. Edward Jones' U.S. financial advisors may only conduct business with residents of the states for which they are properly registered. I would like someone to respectfully point out anything I am overlooking or missing. Mutual funds 7. Once in a while you get shown the light, in the strangest of places if you look at it right. At least you are an informed consumer. by fposte » Wed Jun 14, 2017 1:59 pm, Post Edward Jones’ more than 14,000 brokers fielded a tantalizing email from headquarters this week. 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. OP, use this tool and do some "what if" analysis: "We are here to provoke thoughtfulness, not agree with you." Guided Solutions allows me to reduce my portfolio risk and I enjoy working with my advisor. I am fairly knowledgeable about investments and the costs of a portfolio. Vanguard offers a management option (P.A.S.) Fees Charged By Edward Jones Financial Advisors. This site is designed for U.S. residents only. by JaneyLH » Wed Jun 14, 2017 1:40 pm, Post Edward Jones serves nearly 7 million investors and has the largest retail footprint of any financial services company in America. > Reply to Kris on Apr 6 2018, giddyup says: by Jack FFR1846 » Wed Jun 14, 2017 1:51 pm, Post 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. Unknown Boglehead. Fees Under Edward Jones. by retiredjg » Mon Jun 05, 2017 10:33 am, Post *In Quebec, our advisors are known as Investment Advisors. 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. 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. by investordad » Sat Mar 11, 2017 12:35 am, Post surprised to hear the fees are that much. Just convinced my 92 year old father to finally leave Edward Jones (EJ). However, clients with total assets above $250,000 are exempt. by likegarden » Tue Jan 31, 2017 7:23 pm, Post Copyright © 2020 Edward Jones. The higher the asset value, the lower the fee. There are already plenty of places where investors can find conflict-free advice and cost effective investing, including discount brokerages, independent financial advisers, low-cost mutual funds and — more recently — robo advisers. 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. I used to work for a small business whose owner had an Edward Jones broker who put him in all kinds of great stocks that turned out to be not so good after all. by whodidntante » Tue Jan 31, 2017 7:31 pm, Post Larger accounts receive lower rates, while increasing the number of asset classes (adding fixed-income, for example) will increase the broker’s fee. 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. The services offered within this site are available exclusively through our U.S. financial advisors. by Doom&Gloom » Mon Jun 05, 2017 3:57 pm, 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. It's "Stay" the course, not Stray the Course. If you want some visuals to help you understand (and your children too) how much 1.35% will cost you over time see this (below). 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. by deltaneutral83 » Mon Jun 05, 2017 8:57 am, Post 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), and that I can choose the best mutual funds and ETFs....how is this a bad deal? His life and his choice so I only gently suggested the change over the years. Have questions? View Homework Help - flex-schedule-of-fees.pdf from ACCOUNTING ACC 100 at University of Phoenix. We are thoughtfully evaluating our office openings and in-person appointments. Get a plan: I want to start out and say that I am leaving EJ as well due to the new rules. by cherijoh » Wed Feb 01, 2017 11:33 am, Post The fees you pay will depend on the type of product you purchase. I was also able to buy minimum volatility funds to help with downside protection. Have a question about your personal investments? I am happy with participating in 85% of the upside of the market, and only 50% of the downside. 1 Aug 2017 7 Oct 2018 Unlike many discount brokerages, Edward Jones is a full-service broker. 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… Why has no one discussed investment income? I am new to bogleheads and would really appreciate any advice - from what I have read so far EJ charges way to much. The costs are just more obvious or the costs are higher, hard to say which. I was also able to buy minimum volatility funds to help with downside protection. by radiowave » Fri Mar 10, 2017 8:20 pm, Post ... Edward Jones fees are extremely high if the advisor is just managing investments. Now the rules change so they just figure out another way to rip you off. Agree with Dale. 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. » Fri Mar 10, 2017 8:33 pm, Post Wanted to make a trade today, 9/14/18 and since my rep was out I called the 1-800 number. 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%. Home » Disclosures » Account Fees Wells Fargo Advisors, Morgan Stanley, Merrill Lynch, etc. Either way, we've heard from a slew of EJ customers who are fleeing the fees. Depending on what investors buy, they may pay commissions, markups or markdowns, sales charges and/or administrative fees. And their fees for their funds are generally lower than most competitors (with some recent exceptions). by retiredjg » Tue Jan 31, 2017 5:29 pm, Post Fee-based investment management programs enable you . by Kms840 » Mon Jun 05, 2017 7:50 am, Post by investordad » Fri Mar 10, 2017 10:55 pm, Post by triceratop » Tue Jun 13, 2017 8:59 pm, Post No matter how simple or complex, you can ask it here. The percentage-based fee varies based on a variety of factors and can be negotiated. Member SIPC. by bloom2708 » Wed Jun 14, 2017 2:12 pm, Post 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. 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.. Please let us know if you find out whether Guided Solutions is mandatory for your account and whether your account is a retirement account or not. 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. With more than 12,000 locations serving nearly 7 million clients in the U.S. and Canada, Edward Jones is one of the largest full service brokers in the country. For instance, the Guided Solutions Flex Account has a minimum of $25,000, but the Guided Solution Fund Account only has a minimum of $5,000. Edward Jones Trust Company Custodial Agreement, Trade Order Practices of Discretionary Third-party Managers in Edward Jones' Wrap Fee Program. But for non-retirement accounts, I suspect you don't have to use Guided Solutions. Retirement savings 8. The Program Fee is assessed beginning at an annual fee rate of 1.35%, payable monthly in arrears. Link to the file with Edward Jones IRA fees is located here. Exchange-traded funds (ETFs) 5. Money market funds 6. 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. by Nate79 » Fri Mar 10, 2017 11:52 pm, Post 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. by oldcomputerguy » Sat Mar 11, 2017 8:32 am, Post that costs 0.3% instead of 1.35%. and that I can choose the best mutual funds and ETFs....how is this a bad deal? I never liked anything about that company personally but he liked his "broker/planner" and I just monitored his activity. 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. » Fri Mar 10, 2017 11:21 pm, Post by jaxsonritz » Mon Jun 12, 2017 7:57 pm, Post Throughout the challenges of recent months, we’ve continued to safely serve investors’ needs. Many of the investments available in Guided Solutions are offered by prospectus. Stay with EJ - I think there is no doubt this is a poor choice. My FA discounted my fees 20%, so my fees are about 1.06% before internal investment expenses. Edward Jones IRA Fees Comparison Edward Jones is much more expensive than a self-directed on-line discount broker. With fee-based solutions, such as Edward Jones Guided Portfolios and Edward Jones Portfolio Program, you pay an ongoing fee based on a ... Edward Jones Guided Portfolios is a non-discretionary, fee-based program. EDWARD JONES GUIDED SOLUTIONS® Flex Account Schedule of Fees The Guided Solutions Fee is … 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. One lesson I have learned over my time is that it doesn't matter what you make....it matters what you keep. Bogleheads Wiki: https://www.bogleheads.org/wiki/Main_Page. 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. With more than 12,000 locations serving nearly 7 million clients in the U.S. and Canada, Edward Jones is one of the largest full service brokers in the country. A fee is charged when you invest with Edward Jones and the amount depends on the type of financial product you purchase. by arcticpineapplecorp. 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. It is called "fiduciary responsibility". You seem to know what you are paying, and believe the service you are receiving is worth the cost. Hourly. by retiredjg » Tue Jun 06, 2017 9:10 am, Post The 1.35% Annual fee is for guided solutions or advisory solutions. View, print or save the most recent account documents for each investment advisory program below. If you are in a good mix of funds and stocks you will out perform those “low cost vanguard funds” even after the fees. Fees and Commissions Traditional and Roth IRAs at Edward Jones have a $40 annual account fee. The Edward Jones Trust Company acts as the custodian for certain Individual Retirement Accounts. edward jones vs bettermentedward jones reviews 2018. edward jones grandfathered account. I did have to break your post up to make clear the context that I was replying to. My advisor clearly laid out all the costs and values that Guided Solutions offers. edward jones advisory solutions performance. 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. 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. (Aaron Sorkin). When I moved to Guided Solutions, my investment income increased substancially. 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. New rules will soon be in force that require advisors to put the customer first with respect to retirement accounts. This site is a fantastic resource for beginners. by fisherbr » Fri Mar 10, 2017 7:25 pm, Post 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). Yes I am paying more, but I am also keeping more, especially when, not if, the next market downturn occurs. My FA discounted my fees 20%, so my fees are about 1.06% before internal investment expenses. by investordad » Sat Mar 11, 2017 1:03 am, Post Has none of the 'experts' posting on here consider the fact that these accounts can hold individual stocks, individual bonds, and ETFs? 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. by LadyGeek » Thu Mar 22, 2018 9:55 pm, Powered by phpBB® Forum Software © phpBB Limited. Bonds 2. I responded I hope to each of your points below. by DippityDoo » Wed Jun 14, 2017 3:13 pm, Post 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. by David Jay » Tue Jan 31, 2017 10:13 pm, Post FYI - New member lalainvest552 has a similar question which I've moved into a new thread: What I don't get is why don't people who feel they have to have an adviser just hire a fee based CFP and pay them once a year or so. In 2013, Edward Jones created its first proprietary mutual fund, which is available to clients that participate in the Jones’ fee-based Advisory Solutions platform. 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 am retiring next year and my advisor taught me the importance of not only returns, but the sequence of returns in retirement. It was established in 1922. Learn More. College savings 4. I wish I had this account option when I started investing with Edward Jones 15 years ago. He has helped our family through some tough patches. I am fairly knowledgeable about investments and the costs of a portfolio. Just a guess on my part though. Guided Solutions Flex Account: $25,000; Guided Solutions Fund Account: $5,000; ... Vanguard’s Brokerage Services commission and fee schedule is on its website. This would not be the case if I had stuck with the FA model. by NOLA » Sat Mar 11, 2017 12:48 am, Post Our Fee-based Investment Programs. Your Edward Jones … Question, what did he say when you decided to move your funds? 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.