It was established in 1922. Please note that not all of the investments and services mentioned are available in every state. Has none of the 'experts' posting on here consider the fact that these accounts can hold individual stocks, individual bonds, and ETFs? 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. Edward Jones Trust Company Custodial Agreement, Trade Order Practices of Discretionary Third-party Managers in Edward Jones' Wrap Fee Program. EDWARD JONES GUIDED SOLUTIONS® Flex Account Schedule of Fees The Guided Solutions Fee is … Thanks for sharing! 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. Copyright © 2020 Edward Jones. Fee-based advice, an alternative to embedded commissions, warrants a fresh look. by fposte » Wed Jun 14, 2017 1:59 pm, Post In full disclosure, I am an EJ client who has been invested in Guided Solutions for almost 6 months now. The Program Fee is assessed beginning at an annual fee rate of 1.35%, payable monthly in arrears. My FA discounted my fees 20%, so my fees are about 1.06% before internal investment expenses. Guided Solutions Flex Account: $25,000; Guided Solutions Fund Account: $5,000; ... Vanguard’s Brokerage Services commission and fee schedule is on its website. 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. by retiredjg » Tue Jun 06, 2017 9:10 am, Post His life and his choice so I only gently suggested the change over the years. Vanguard by the way charges absolutely NO loads on ANY of their funds. Prediction is very difficult, especially about the future - Niels Bohr | To get the "risk premium", you really do have to take the risk - nisiprius. Wells Fargo Advisors, Morgan Stanley, Merrill Lynch, etc. 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… 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. ... Edward Jones fees are extremely high if the advisor is just managing investments. by arcticpineapplecorp. The higher the asset value, the lower the fee. I would like someone to respectfully point out anything I am overlooking or missing. by investordad » Sat Mar 11, 2017 12:35 am, Post ). by JW-Retired » Fri Mar 10, 2017 8:53 pm, Post If you are in a good mix of funds and stocks you will out perform those “low cost vanguard funds” even after the fees. Larger accounts receive lower rates, while increasing the number of asset classes (adding fixed-income, for example) will increase the broker’s fee. All rights reserved. When I moved to Guided Solutions, my investment income increased substancially. by DippityDoo » Wed Jun 14, 2017 3:13 pm, Post I would like someone to respectfully point out anything I am overlooking or missing. 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. 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. Please review the applicable Edward Jones Guided Solutions Brochure for more information. Post One lesson I have learned over my time is that it doesn't matter what you make....it matters what you keep. » Fri Mar 10, 2017 11:21 pm, Post Edward Jones Managing Partner Jim Weddle. 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. 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. Guided Solutions allows me to reduce my portfolio risk and I enjoy working with my advisor. Mutual funds 7. that costs 0.3% instead of 1.35%. by bloom2708 » Wed Jun 14, 2017 2:12 pm, Post One lesson I have learned over my time is that it doesn't matter what you make....it matters what you keep. 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. Fee-based investment management programs enable you . Then came Guided Solutions Flex ... investor747 just for giggles, ask the EJ guy if he'll guarantee returns, say 10%. Depending on what investors buy, they may pay commissions, markups or markdowns, sales charges and/or administrative fees. by jaxsonritz » Mon Jun 12, 2017 7:57 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.. The services offered within this site are available exclusively through our U.S. financial advisors. I wish I had this account option when I started investing with Edward Jones 15 years ago. 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. Exchange-traded funds (ETFs) 5. Have a question about your personal investments? It's "Stay" the course, not Stray the Course. by lalainvest552 » Tue Jun 06, 2017 8:45 am, 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. Should be an interesting answer. I was also able to buy minimum volatility funds to help with downside protection. New member Investor_86 has a question which I've moved into a stand-alone post: No guarantees are made as to the accuracy of the information on this site or the appropriateness of any advice to your particular situation. This site is a fantastic resource for beginners. by retiredjg » Wed Jun 14, 2017 2:38 pm, Post It looks like EJ is charging 1.35% on both taxable accounts and on IRAs. edward jones reviews nerdwallet. Just convinced my 92 year old father to finally leave Edward Jones (EJ). 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. by lazydavid » Mon Jun 05, 2017 9:10 am, Post My advisor clearly laid out all the costs and values that Guided Solutions offers. 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. Get a plan: I want to start out and say that I am leaving EJ as well due to the new rules. First, welcome to the Bogleheads! With fee-based solutions, such as Edward Jones Guided Portfolios and Edward Jones 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. Why has no one discussed investment income? The percentage-based fee varies based on a variety of factors and can be negotiated. Returns on my 60/40 portfolio have been fine, too. 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! Many of the investments available in Guided Solutions are offered by prospectus. Either way, we've heard from a slew of EJ customers who are fleeing the fees. Edward Jones' account transfer out fee to another brokerage company is $95 for both taxable and non-taxable (IRA) accounts. by millennialfalcon » Tue Jan 31, 2017 11:19 pm, Post 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. by DippityDoo » Wed Jun 14, 2017 1:02 am, Post Guided Solutions allows me to reduce my portfolio risk and I enjoy working with my advisor. Bogleheads Wiki: https://www.bogleheads.org/wiki/Main_Page. 1 Aug 2017 7 Oct 2018 Unlike many discount brokerages, Edward Jones is a full-service broker. It is called "fiduciary responsibility". Choosing how to invest is a personal decision for everyone. I have more money to spend than at any time in my life and my investment balances are still growing. They were ripping you off before. edward jones advisory solutions performance. (Aaron Sorkin). My FA discounted my fees 20%, so my fees are about 1.06% before internal investment expenses. New rules will soon be in force that require advisors to put the customer first with respect to retirement accounts. by retiredjg » Mon Jun 05, 2017 10:33 am, Post Both Edward Jones and Vanguard offer the following investments: 1. 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 Edward Jones Trust Company acts as the custodian for certain Individual Retirement Accounts. by David Jay » Mon Jun 05, 2017 2:46 pm, Post by arcticpineapplecorp. by Doom&Gloom » Mon Jun 05, 2017 3:57 pm, Post Edward Jones' solution to the pending fiduciary rule has been eye-opening and a bit shocking. 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. My portfolio in Guided Solutions is approx. to receive personalized solutions from your Edward Jones advisor for one simple fee. I am happy with participating in 85% of the upside of the market, and only 50% of the downside. 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. Fees Charged By Edward Jones Financial Advisors. 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! by retiredjg » Tue Jan 31, 2017 5:29 pm, Post ↳   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]. My portfolio in Guided Solutions is approx. Why has no one discussed investment income? Jones will no longer be able to justify selling people the "loaded" funds where they presently earn most of their money. 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. A fee is charged when you invest with Edward Jones and the amount depends on the type of financial product you purchase. by radiowave » Fri Mar 10, 2017 8:20 pm, Post Starting next April, investors with commission-based individual retirement accounts will be allowed to purchase only stocks, bonds, CDs and variable annuities. Unknown Boglehead. Fees and Commissions Traditional and Roth IRAs at Edward Jones have a $40 annual account fee. Hopefully they will actually suggest investments that are good for the client, rather than those that will give Jones the highest revenue, but time will tell. Yes I am paying more, but I am also keeping more, especially when, not if, the next market downturn occurs. If changes in the securities holdings within the account are made after the fee has been calculated, the fee will not be reduced. The rule was supposed to improve things for customers, but nothing has improved at EJ. Typical AUM is 1% or less, so that definitely seems high. Edward Jones Brokerage Account Fees Schedule Choosing Edward Jones as your wealth-management company customers pay the cost for each investment that buy. 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 IRA Review If you live within 100 miles of any moderately sized small town, chances are you have heard of the Edward Jones brokerage. The CEO of Edward Jones is Penny Pennington. 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. My advisor clearly laid out all the costs and values that Guided Solutions offers. Now the rules change so they just figure out another way to rip you off. If you are not aware of this, as I wasn't, please do your research. Money market funds 6. You seem to know what you are paying, and believe the service you are receiving is worth the cost. Or haven't you told him yet? 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. Average annual balances in Jones’ advisory programs, Advisory Solutions and Guided Solutions, more than doubled to $265 billion in 2017 from $101 billion in … by whodidntante » Tue Jan 31, 2017 7:31 pm, Post 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. Just a guess on my part though. I have little knowledge of this and am concerned that he was just trying to talk me into something that better benefits him. It would probably be $2-300/year vs 1.25% of say a $100k portfolio so $1250/year. 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. I immediately restored nearly $50,000 per year from the FA's pocket to my own, irrespective of market results. 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. 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. Edward Jones Managing Partner Jim Weddle. A fee is charged when you invest with Edward Jones and the amount depends on the type of financial product you purchase. We are thoughtfully evaluating our office openings and in-person appointments. 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? "I’ve come around to this: If you’re dumb, surround yourself with smart people; and if you’re smart, surround yourself with smart people who disagree with you." I was also able to buy minimum volatility funds to help with downside protection. Lots of churning, too. by cherijoh » Wed Feb 01, 2017 11:33 am, Post College savings 4. 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. Check with your financial advisor for more information. 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. , our advisors are known as investment advisors 50 % of the investments the. The better, but do it on your timetable is 1 % or less, so my fees are separately! That it does n't matter what you make.... it matters what you keep % before internal investment expenses ’! Costs are higher, hard to say which think there is no doubt this a. With the FA 's pocket to my own, irrespective of market results, say 10.. Time is that it does n't matter what you keep you can a. 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