Vantaggi
Good initial training, but only if you plan on staying with Jones your entire career. They only train you on the limited selections of investments they offer.
Svantaggi
Horrible support for new advisors from others in your own region. They only want you to succeed to the point where you bring in a few decent accounts that they can take over once you leave. The back stabbing among advisors is the worst I have ever seen. When you do leave, you quickly find out that your training is very basic. The wholesalers who see their advisors are exclusive to Jones because they don't want their advisors to know what is available to others in the industry that actually do own and run their own businesses instead of being an underpayed Kool Ade drinking employee they sucker into paying all of their overhead out of their commissions. All for a book of business you do not own, and will never be allowed to sell when you retire. Jones advisors are made fun of by all others in the industry, but their arrogance makes them believe it is jealousy. I don't know why anyone would be jealous of a 25-40% payout plus paying expenses on an office and book of business that you have no ownership in. Yeah, I'll take 90% and owning my own business, and being able to offer more advanced investments and alternatives to MY clients and the book I own any day of the week.