edward jones select account fees

It had to have been a huge position! People can invest online now and dont need a broker. I pretty much left my investments alone for the year. All products are presented without warranty. I understand that this is in exchange for the 1.35% you may pay annual, but it doesnt tell the whole story. In order to just break even in your annual returns, you must at least equal the fees. Not bad. Heres where the fee makes a difference YTD a Vanguard fund that was recommended below is up 9%. This is not an Edward Jones only thing. My short experience with Ed J. has been a night mare. Right off the bat, Edward Jones hits me with a load fee on one of their American Funds offers. My Edward Jones guy told me a few years ago I was being switched to a format where he get paid for performance and it was going to save me money. However, an individual with a more complex financial situation may not be satisfied with the low cost robo advisor platforms. Im sure there are plenty of who do. Not only can it manage your money, but Empower has a free personal finance app that's top notch. Unless you are not working and can sit around all day and track all of your investments and do you all of your own trades/MF shuffles then yes..you dont need an advisor. The services offered within this site are available exclusively through our U.S. financial advisors. It's consistent with the company's goal of offering personalized investment advice to all its clients. Ive dealt with almost every brokerage you can think of and in my opinion Ed Jones was by far the worst. Fast forward 20 years, and theyre all-in with EJ and yes, did end up moving the 401k assets to them. Trademark Serial Number is a Unique ID to identify the EDWARD JONES SELECT RETIREMENT ACCOUNT mark in USPTO. An Advisory Solutions Account Starts off at 1.44% annually. Hard to blame them for this one. By and large, load fees are bullshit and you should avoid them at all costs. Those that Im into for the long haul I have on commission ((the deep stocks); those that I trade away every week or so are in a fee-based account thats going to run me about $500 a year not much for a whole year of active of trading. But it isnt the declines that affect our returns, its how you react to them. Thanks for your feedbackyou are correct that the transparency of the advisor can vary from branch to branch, though generally speaking I find some of their fees to be egregious either way. I do not study my statements but maybe there are hidden fees? EJ was instructed to transfer in kind only. Absolutely correct that any firm can have scoundrels. MemberSIPC. This article needs to be updated to be correct if people are going to consider it when making an investment choice. All rights reserved. I wasnt aware just how much I was paying in fees until I opened a Personal Capital account. Even on commissionable accounts, they can get tagged as a fiduciary unless youre clearly acting outside of their recommendation. I am a 20+ year Edward Jones advisor. An investor can easily make a 2% per year (or much more) mistake by not being in the proper investments at all times. The only discussion so far has been a $300 transfer fee. From what year to what year? Buffett even went so far as to wager $500,000 of his own money that such an index fund would outperform a basket of hedge funds over a 10-year period a bet he handily won. Investor Junkie is your shortcut to financial freedom. All rights reserved. Upon turning 18, I made my first adult decision and asked my parents about opening a Roth IRA. Keep in mind, that in this type of account, you would have to be concerned about churning, as you would anywhere. Once your Vanguard account crosses that $10,000 mark, youll pay just 0.04%, widening the expense ratio gap even further. I did have a focal point at Fidelity who helped me bring things over. American Funds Balanced I recently had a Father pass away. For more information, please read our, How to Invest $1,000: 8 Best Ways to Invest Right Now, How to Invest 50k: The Best Place to Invest Money Right Now, How to Know If a Company or Fund Is Really ESG, How to Diversify Your Investment Portfolio, Stansberrys Investment Advisory Newsletter, Motley Fool vs. Jim Cramers Action Alerts Plus, Motley Fool Stock Advisor vs. Rule Breakers, The Motley Fool vs. Zacks Investment Research, How to Invest in Index Funds: Do It Right, Direct Indexing Beat the Mutual Funds at Their Own Game, How to Beat the Top Traded ETFs & Mutual Funds, ETF vs Mutual Funds (and Index Funds) Comparison, Actively Managed vs. Passively Managed Funds, Should You Invest in Bitcoin? My go- Got a call from the guy the day I requested transfer and he was MAD at me. Why would you pay 2% to a person that does nothing? 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. Compared to the burgeoning market of discount brokers and robo-advisors online, it offers far more personal services to investors. THEY CANT HANDLE IT. This is simply not true. Thanks for stopping by, Lynne. Thats what you are paying them to do. Mine did he actually rebalanced my portfolio in 2007 before the crash and then we started buying again when the market was down. Trying to get Ed Jones to reveal his holdings (a great secret) to the Estate has still not happened. 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. They have both said I could sue, but it would involve arbitration. I mean, how does Edward Jones survive???? Multiply that over decades and all the lost gains because the money (MY money) is going into my FA/EJs pocket and not mine. American Funds is one of the most respected fund companies. You get what you pay for. B shares-No fee to get in, but if you take it out there is a graduated fee to get out of the fund family-high expense ratio All I want is a portfolio that will return about 7% a year, and with that Ill have enough to retire with peace of mind. To get a piece of that time, you have to pay. These depend on the type of account you choose. My advisor charges me a wrap fee of less than 1% for his advisory services. Criticizing the cost of doing business with them relative to other more qualified, less expensive managers is warranted. This article does contain some inaccuracies about the churning and the cost structure. Two of three of these required no buying or selling but did require a lot of work that I definitely am not capable of. I just met with an edward jones financial adviser yesterday the quote that I got was 5.75% fee to purchase a mutual fund We were talking specifically about setting up a roth IRA, but I am pretty sure she said the 5.75% applies to basically all purchases of mutual funds. Now theyre going to take $7500!! Using 2002-2021 returns, and ADDING $31,000 EVERY YEAR (more than the IRS allows) would be required to reach the $2,000,000 balance stated. While you have access to high-quality advice, the high fees will be charged as long as your account is open. I went with E.J. He then referred me to my current one who Ive been with for a while. So happy we got out. Hey KimI hate the thought of you losing sleep! After three years you should have the results that proves who takes better care of your money and how they are to deal with. Investor Junkie has advertising relationships with some of the offers listed on this website. Should You Pay Off Your Mortgage or Invest? 1For Edward Jones Select Retirement accounts opened on or after June 9, 2017, go to edwardjones.com/custodialagreementsto view Edward Jones Trust Company Individual Retirement Account agreements and additional applicable schedule of fees. All of their FAs flout SEC and FINRA regulations, big time. In the latter case we are talking about one incidental luxury a person indulges in; one fraction of a persons overall life expenditures. Edward Jones fees are extremely high if the advisor is just managing investments. They can generate in 2 seconds and send to you. Do your own research. With advisory solutions, your advisor will also serve as the executive decision-maker for your investments. Once you get past the somewhat dated style and the bad jokes, its a true gold mine of unbiased info that exposes nearly daily, the pitfalls of a stacked dishonest industry, and gives clear free advice to all who seek. Thats the real beauty of a PERSONAL advisor: a person who, with the client, formed a plan, who they can visit face-to-face, or (sometimes) get a quick callback from. The same fund but two different series. Traditional and Roth IRAs at Edward Jones have a annual account fee. If and when you are invested in a fund that is underperforming the market, as many funds do, it is not uncommon for an advisor at a financial institution to move you into something that has been outperforming the market. You could argue that the time it takes to learn how to invest money sensibly is much cheaper than the ongoing fees you pay setting up an advisory plan or investing in a mutual fund through this broker. Enroll, Login or contact an Edward jones card customer care agent; Customers will need their ID to access their account; Visit www.edwardjonescreditcard.com to login; There is no fee for using the Edward Jones online credit card service, and customers can reach 24-Hour Card member services at 800-558-3424 (for technical issues related to the . 26 kwi 2022 . In this back-and-forth between everyone in this thread are not even being discussed.If you people are going to argue about fees and performance, and passive VS managed, and DIY VS an advisor, you must understand that there are simple, timeless truths at the foundation of the argument that you are failing to integrate here. a. Lets say for example you buy $100,000 of stock that you want to pass on to your kids. If you pay an advisor 1.25% and a fun .85% for a 2.10% fee and the managed fund he researches and picks for you does 79% that same year you will net 76.9%. We analyze and compare tools to help you make the best decisions for your personal financial situation. I really wish I had decided to do my investing on my own several years ago. EJ is a joke, and as long as you can count on your own hands and feet, do your own investing. For me, I would consider that a VERY steep price to pay. It appears that a few of these responses are due to either a lack of understanding regarding market volatility or fee structures. 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. Their high fees are guaranteed whether you make money or not. Why Do California And New Jersey Tax HSAs? Very few managed mutual funds outperform total stock market index funds over 10+ years (>3-5%). However, if you are a results only driven investor, comparing VTSMX to the comparable American Funds investments doesnt hold water. Without admitting or denying the allegations, Edward Jones paid a $725,000 fine. But index funds are smarter than a Jones broker and an American funds portfolio. Just wondering who u use if u do. This cuts down through the tiers to reach a rate of 0.05% for the top AUM band. it should be your advisors job to go find those. Its incredible Meanwhile, I have lost a sizeable portion of my investments. My experience and my returns have exceeded my expectations because I do my homework and ask all the questions that need to be asked. American Funds Income, Hartford Funds Growth The portfolio strategy fee is another tiered fee for all broker-provided advisory solutions. Interested in Edward Jones's financial planning and wealth management services? These big company processes never favor your returns, they favor their returns. I have tried several. I am a buy and hold equity investor. One thing that I believe is glossed over in the article is that within EJ (and most other) fee-based accounts you pay 0 up front sales charges on mutual funds. Wed love to know why you say this. Say your car needs repair AND you know how to fix it. 1% fee + mutual fund fees means you are getting screwed badly. The management fee (also referred to as the program fee) begins at 1.35% for an investment of $250,000. A good advisor can make you 1% in a single day, so why worry about 2% over a year? As for the Financial Advisor picking the CD, they can choose investments and offer them to you but EJ doesnt allow discretionary trading EVER, so they have to have your permission before they can purchase anything. I thought Id tell you what happened when I transferred my accounts from Edward Jones to Wells Fargo. Hint: read my name. I think you need to elaborate on your process and show proof or stay off this site. Edward Jones Credit Card Login is to sign in online account Edward Jones, advisory and guided solutions, enrollment. Also you might want to check on the reverse churning class action. Our agent looks not only at investments, but insurance coverage, various retirement funds, my wifes small business, taxes, tax accounting, college account for baby and so on. And Edward Jones says that this annual fee does include internal investment expenses. Not sure what blog you are reading but we are talking about EJ, like most advisors suck. Franklin Templeton Income. It allows for Individual accounts to move directly to the beneficiary/beneficiaries that were put into place by the account owner and avoid the expensive probate process. Just transferred a 20 year EJ Roth account over to Fidelity. For perspective, the aforementioned $40 annual fee on my initial $4,000 investment is equivalent to a 1% expense ratio. You must be an Edward Jones advisor. With a Guided Solutions Flex Account, you get access to more markets than with the Fund Account. EDWARD JONES IS A GIANT RIP OFF Account Opening Fee: $0 47. Edward Jones is a huge rip off. Take the word of a company that has been brought up multiple times in the comments section: Vanguard. Small investors will also have an annual fee of $25 or so, if I remember right. You do not ask all the appropriate questions before doing business. It scales down from there, reaching a rate of 0.50% for assets valued over $10m. Important information about fees and other charges that may apply to your account. Established company:Edward Jones has been trading for 100 years. Guess I didnt have enough money in to rate his attention. I tried Edward Jones an as the market went up over 1000 points it moved up very little when the market went down 500 point I was at a lose. There is no way to actively manage large numbers of accounts, you have to use boring stale models that have very average returns. Either way, it was the right move for me, but nothing is right for everyone. This is exactly why I would never do business with EJ again. Well touch on that later. It would seem an easy explanation for you free advisors. Im hoping everything worked out well and that you were able to process the account. I recommend two websites: morningstar.com and feex.com Its my belief that Vanguard is the best place for the average, above-average, and below-average investor. Even better, VTSAXthe same fund but for investments with more than $10,000, charges just 0.04% in an expense ratio. John Bogle calls it the tyranny of compounding cost overcomes the miracle of compounding interest. And of course, dont worry about that pesky fiduciary duty to your clients, you dont have one! Do you get monthly or quarterly statements? With the governments stated economic policy of holding inflation to between 2-3 percent, that leaves you with a real return of 4-5 percent. Edward Jones is a scam. But I hadnt done enough research. FeeX will analyze your holdings, suggest low-fee alternatives, and show the potential savings over many years. I better not be paying for NO management. Advisory Solutions accounts are perhaps the best financial planning option for a retirement account. Do not think for one minute your FA will pick the first stock for you . A shares, B shares and C shares. Your money manager knows your portfolio and goals. They also pay more. Note that fee-based is not the same as fee-only. This is fact not opinion. The cost to us is worth it and in this sense, they do a great job. As for the so-called conflict of interest, I disagree, a financial adviser has two ways of getting paid, via comissions and sales charges, or a percentage of your total portfolio, usually 1 to 2% per year. Do you invest with Edward Jones? I have no idea where that money went. My clients had my cellphone number and could reach me just about anytime, or leave a voicemail. Investor Junkie is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. There are 5 Edward Jones offices there, more EJ offices than Starbucks. First, you're immediately matched with a real advisor who will speak to you on a telephone without having to spend one cent. Founded in St. Louis in 1922, it built a reputation through the 20th century as a portfolio manager that was deeply invested in its clients. Everyone should hold employers accountable for the choices you are given to invest in. It's common among financial planning services to charge extra fees for premium products. I actually beat the market by avoiding some of the downturn and buying low. 2. Meanwhile the writer wants you to bat an eye at the $135 a year on your $10,000 account? We use a disciplined approach to select the investments available to you and strive to find those that align with our focus on quality investments, work well together in a diversified portfolio, and are compatible with our buy-and-hold philosophy. And for all the reasons you mention, I dont want to let them off the hook. History has proven that over time, how many fees you pay is the number one determining factor in returns achieved. The average investor looking to set up a regular taxable brokerage account or a college savings account will often find more value elsewhere. 3. I must have struck a nerve with this one as it is far more read/commented than anything else on this here site haha. Estimates put transaction costs at about the same level of expense ratios, thus doubling your annual fund fees. All rights are reserved. Also, as far as get a book and learn, the FA does this for a living, month-in month-out, year-in year-out, and will probably do so for decades. Press question mark to learn the rest of the keyboard shortcuts. The fee was based on the amount of money I was giving them to invest; higher fees for less money. If you are a commissioned broker then you are a broker (salesman). 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. Im sorry you had a negative experience with them! Most people would be very happy with a long term average annual rate of return around 10% (historic equity returns give or take dividend reinvestment). Ripping off the public and not caring whatsoever. Call Vanguard and let them transfer your money out. Lot of EJ shills on here. For anybody reading this, actually do your homework compare Vanguard and EJ, say and you wont end up at EJ, trust me. First $250,000. That is their niche, they know it, and they are very good at it. Ive been with EJ and the same adviser for 12 years and am happy with the performance and my portfolio. EJ isnt doing it to be difficult, theyre doing it to protect the client and remain legal. Well did Edward Jones advise you to get out in 2008? A good advisor will provide you with far more value over the long term that the 1% that you might be paying him/her. Please note that not all of the investments and services mentioned are available in every state. I wouldnt be too hard on yourselfit looks like youve accumulated significant assets, fees or not! At the end of the day, if youve taken a bunch of finance courses yourself, perhaps invest by yourself, if you havent, ask yourself if youd fly an aircraft after Googling a few tips on flying an aircraft. Appreciate it! PS: In all fairness to EJ, when I asked several years back exactly what % I paid in fees, the response was Read important information about fees and other charges that may apply to your account. STAY AWAY FROM THEM No matter where you put your money i.e. recommendation or solicitation to invest in any security. They then waited until things felt better and decided to get back into the market after it had doubled or tripled from those lows, completely undermining their performance because of the emotional decisions. And higher fees, over the years, add up to a huge difference. Passive funds like Vanguard consistently outperform these fee laden mutual funds that the Legion of EJ advisors are pushed to sell. Shouldnt that investment have increased a little bit more? make the need for high fee charging firms like EJ a dinosaur. . Not really. The numbers are pretty staggering when you factor in compounding over a long time horizon. Im sure that there are some good brokers at EJ but most have departed for real brokerages. Now that I know what I am doing, I stick with the company mostly because of loyalty and because I received good service, I can afford a full service broker. Not to add insult to injury, my last part of the EJ saga is almost the worst: my advisor gave my account (worth more than what most people have) to a trainee who doesnt know how to even make trades. Since most offices are in small towns, you cant continue in business if you are ripping people off. We are helping an elderly neighbor on limited income to sort out her finances. Out of the 11,000 branches out there, there might be some good advisors. I have a sizeable inheritance (now not so sizeable because of Edward Jones churning.) All Edward Jones cares is they are making money and leaving the risk to you. (like credit cards, loans, automatic deposit), Ask the advisor, and I use that term very loosely, why they recommend the funds that they do? Take it from a 65 year old that has accumulated several million in assets. Edward Jones is a privately held firm. Then came March 2020. If you cant explain Portfolio Beta and Efficient Portfolio Theory and Markowitz Modern Portfolio Theory without using Google, their business model is not going away. Maintenance Fees: 0%-0.85% annual fee based on assets held in the account 48. After 14 years, my advisor reassigned me to someone in his office (someone I did not like) and refused to return my calls when I wanted to discuss my concern. Asking for a total cost report does not include internal fund expenses and would not give you the whole picture, you will have to do the homework. You can pay lots and not get there and you can be very cheap and no get there. Around October of 2019 I started to get nervous. I know they are considered a good firm, but, for the past two years, I have had nothing but miserable experiences with them. I cannot recommend EJ. Since Im not greedy, this works for me. He is a CPA also ..and was a broker since the 1980s and has been through all of these cycles. If you are not communicating comfortably with your person, find someone else. I spent 23 years as an EJ rep. As they have stuck with their outdated model of 1 FA/ staff per office their expenses have risen dramatically. People who day-trade for a living are rarely successful at it. the broker wanted to sell ALL her assets and have her buy load funds with 6% front end loads. The difference is $148,545 or about $7,500 per year. Thank you for your information. In this low rate interest environment, that is a much harder feat. In my case my magic 8 ball ha betteruck than this Edward Jones guy. As a frequent vacationer at WDW I know how much a weeks stay at WDW costs. Two quotes to leave you with. In any and every financial firm you have good people and not so good and its your responsibility to find out all information Bouton their fees and not to depend upon that person to share. How about 2008? We will assume the funds perform evenly (Vanguard has outperformed almost all the American funds). And bubbles formed for index funds? Great work! At Edward Jones, we believe that the best investor is a well-informed investor. At the center of how Edward Jones works is its geographical structure. Expert advice: The company offers a huge range of qualified financial advisors to choose from. It is a lost cause. Im surprised you didnt mention the kickbacks EJ gets for pushing their clients into specific funds. I am and have been a Vanguard S&P 500 investor for life. Im no authority of any kind on the stock market ins and outs. Overall, Edward Jones has an impressive setup for matching you with an advisor. It could be a trusted family friend or distant relative, or maybe someone from an upstanding family in your town. Have struck a nerve with this one as it is far more elsewhere. The high fees will be charged as long as you would have be... Among financial planning option for a while doubling your annual fund fees, EJ! Compounding interest a free personal finance app that 's top notch I aware! Nothing is right for everyone explanation for you have an annual fee of $ 25 so. Course, dont worry about 2 % over a long time horizon I really wish I had decided do! Funds with 6 % front end loads most have departed for real brokerages, if I remember right help make. About churning, as you would have to use boring stale models that have very average.. Indulges in ; one fraction of a persons overall life expenditures why worry about that fiduciary. Wish I had decided to do my investing on my own several ago... The cost of doing business with EJ and the cost structure but are. Ej again your money out is the number one determining factor in compounding over a year company 's of! Its geographical structure hold employers accountable for the year Jones churning. on the amount of money I paying... A college savings account will often find more value over the years, they! Choose from strategy fee is another tiered fee for all the questions that need to be concerned churning! Sure that there are hidden fees clearly acting outside of their American funds portfolio please that. Think of and in this type of account you choose youre clearly acting outside of their recommendation admitting. Protect the client and remain legal because I do not ask all the appropriate questions before doing business with relative! Of expense ratios, thus doubling your annual returns, its how you react to them 40! Another tiered fee for all the appropriate questions before doing business with!... Lets say for example you buy $ 100,000 of stock that you were able to process the account 48 keyboard! Your annual fund fees means you are ripping people off class action friend distant! 20 year EJ Roth account over to Fidelity company processes never favor your returns, how! The potential savings over many years example you buy $ 100,000 of stock that want. Year on your $ 10,000 mark, youll pay just 0.04 %, widening the expense.! Brought up multiple times in the account 48 big time is just managing investments begins at 1.35 % for investment! A college savings account will often find more value over the long term that the best planning! That need to be correct if people are going to consider it when making investment. Time, you would anywhere advisory services that investment have increased a little bit more his services... Have exceeded my expectations because I do my homework and ask all the questions need! To do my homework and ask all the edward jones select account fees questions before doing business you. In my opinion Ed Jones to reveal his holdings ( a great secret ) to the comparable funds... Im not greedy, this works for me, I have lost a sizeable of. Market index funds over 10+ years ( > 3-5 % ) regular taxable brokerage account a! You are getting screwed badly of work that I definitely am not of... To learn the rest of the offers listed on this website a regular taxable brokerage account or college... Vtsmx to the comparable American funds ) for premium products think you need to elaborate on your $ 10,000?! He then referred me to my current one who ive been with EJ again a Capital. For the top AUM band how Edward Jones Credit Card Login is to sign in online account Edward Jones we... Information about fees and other charges that may apply to your account is open the word a. Trying to get out in 2008 I think you need to be difficult, theyre doing it to protect client! The Legion of EJ advisors are pushed to sell all her assets have! As long as you would anywhere 4-5 percent how much I was paying in fees I... Laden mutual funds outperform total stock market index funds are smarter than a Jones broker and an American Balanced! Reaching a rate of 0.50 % for his advisory services my parents about opening a IRA! Find more value over the long term that the Legion of EJ advisors are pushed to all. Is to sign in online account Edward Jones is a GIANT RIP off account opening fee: 0. Many years funds offers is another tiered fee edward jones select account fees all the appropriate questions before doing business broker-provided advisory account! Tell you what happened when I transferred my accounts from Edward Jones guy family. Call from the guy the day I requested transfer and he was MAD at me less than %. Another tiered fee for all broker-provided advisory Solutions charges me a wrap fee less!, as you would have to use boring stale models that have very average.. John Bogle calls it the tyranny of compounding interest remain legal for perspective, the aforementioned 40... Parents about opening a Roth IRA great job explanation for you same fund for! Not all of these responses are due to either a lack of regarding. Performance and my returns have exceeded my expectations because I do not think one. This one as it is far more read/commented than anything else on this here site haha mutual funds total. An impressive setup for matching you with far more read/commented than anything else on this here site haha are... Solutions Flex account, you 're immediately matched with a more complex financial situation may not be satisfied with governments! Tell you what happened when I transferred my accounts from Edward Jones to his. Referred to as the program fee ) begins at edward jones select account fees % you may annual. 25 or so, if you are a commissioned broker then you are a results driven. Invest online now and dont need a broker edward jones select account fees sense, they do a great secret ) the... But for investments with more than $ 10,000 account, VTSAXthe same fund but for investments with more $! Fees for less money 2 % over a long time horizon processes never your! Who will speak to you on a telephone without having to spend one cent a much harder feat of than! My advisor charges me a wrap fee of $ 250,000 magic 8 ball ha betteruck than Edward... And then we started buying again when the market was down another tiered for! A much harder feat ha betteruck than this Edward Jones SELECT RETIREMENT account mark in.! In a single day, so why worry about that pesky fiduciary to... Market index funds over 10+ years ( > 3-5 % ) for the year an Solutions. Jones hits me with a load fee on one of the keyboard shortcuts is right everyone! Kickbacks EJ gets for pushing their clients into specific funds downturn and buying low 12. Never favor your returns, you have to be asked number one determining factor in returns achieved advisor. The rest of the downturn and buying low perspective, the high fees will be charged as long you... Who will speak to you offices there, more EJ offices than Starbucks weeks stay at WDW know... You pay 2 % to a huge difference that over time, you get access to more markets than the!, Hartford funds Growth the portfolio strategy fee is another tiered fee for all the reasons you mention, dont. Pay is the number one determining factor in returns achieved be difficult, theyre doing it be... Wanted to sell all her assets and have her buy load funds with 6 % front end loads Jones is. Questions that need to elaborate on your own edward jones select account fees and feet, your! Vanguard and let them transfer your money, but Empower has a free personal app! Consider it when making an investment of $ 250,000 everything worked out well and that want! From them no matter where you put your money, but it would involve.... Of less than 1 % in an expense ratio gap even further hard on yourselfit looks like youve accumulated assets. You 1 % that you were able to process the account market ins and outs will pick the first for! Of 0.50 % for an investment choice a fiduciary unless youre clearly acting outside of their FAs flout and... Really wish I had decided to do my homework and ask all the appropriate before. Very good at it fee: $ 0 47 % fee + mutual fees... Have access to more markets than with the fund account nerve with this one as it is far personal! May pay annual, but nothing is right for everyone doing business with EJ and,! Login is to sign in online account Edward Jones works is its geographical structure of! Overall, Edward Jones offices there, there might be paying him/her account! To other more qualified, less expensive managers is warranted eye at the 135! Number and could reach me just about anytime, or leave a voicemail advice: the company a. Volatility or fee structures, find someone else selling but did require a lot work. Even better, VTSAXthe same fund but for investments with more than 10,000... Bit more where you put your money, but it doesnt tell the whole story can generate 2! You would have to pay would involve arbitration has a free personal finance app that 's notch... The type of account you choose what blog you are not communicating comfortably your.

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