LXEX55
Recycles dryer sheets
Does anyone have experience (positive or negative) with Edward Jones managing their finances in retirement? Any insight would be appreciated. Thanks.
It could be a very big mistake. Search this site for stories of those who have escaped the clutches of EJ.Does anyone have experience (positive or negative) with Edward Jones managing their finances in retirement? Any insight would be appreciated. Thanks.
If you know enough to know if your Jones rep is fleecing you, go elsewhere. Otherwise go elsewhere.Does anyone have experience (positive or negative) with Edward Jones managing their finances in retirement? Any insight would be appreciated. Thanks.
My mom had money with EJ. Very nice folks who greeted her with coffee and sold her totally inappropriate crap. I moved the $$ within 10 days of her passing.
Did they gouge you on the way out the door?........ NO one wanted to stay with EJ.
If you need some direction, you can pay a fee only advisor one time to point you in the right direction. A place like EJ wants to keep charging you 24/7/365 by various methods that, over time, really bleed you.
A little reading here and in recommended books goes a long way toward either being able to choose an ethical fee only advisor or simply do it yourself.
To sum it all up, RUN AWAY!!!
Quite funny, actually. I have always figured that guys who had to cold call and prospect needed clients for a reason: They were beginners or they had been unsuccessful in building a book that gave them a good flow of referrals. IOW, losers.After we moved into our house an Edward Jones rep stopped by while we were doing yard work. I didn't know anything about them, but I started talking about index funds and expense ratios and AUM fees that gouged into returns. I never heard from him again :^)
They tried....told us we would have to set up accounts to get the money distributed and then they would charge us each $95 to close the accounts. I was not the executor of the estate so I don't know what fees were charged other than that.Did they gouge you on the way out the door?
Quite funny, actually. I have always figured that guys who had to cold call and prospect needed clients for a reason: They were beginners or they had been unsuccessful in building a book that gave them a good flow of referrals. IOW, losers.
Well, that's the old paradox: You can't get a job without experience. Agreed, though, that my "losers" smart remark was not appropriate. I apologize to any beginners who were insulted.(I take exception to your comment on throwing beginners under the bus with unsuccessful FA's)
Beginners are not always losers. Sometimes they are just beginners. Weren't you a beginner at one time? I was.
After we moved into our house an Edward Jones rep stopped by while we were doing yard work. I didn't know anything about them, but I started talking about index funds and expense ratios and AUM fees that gouged into returns. I never heard from him again :^)