Vantaggi
Depending on the attitude of the financial advisor you work for, the job can provide for enormous flexibility and work/life balance, which is reflective of Jones culture. A good BOA/FA relationship can offer a very pleasant work environment. As a BOA with an excellent relationship with my FA, I can attest to the value of such a tension- free workplace. However, this could be a torturous place if the opposite were true. Its just the BOA and FA all day long-- no one else. If you don't get along, your day will be hell. If you are looking to get your foot in the door in the investment industry in a non-sales capacity, Edward Jones is probably an excellent place to start as they are willing to hire applicants without experience. However, if you already have a significant background, and you are looking for a company to recognize that and pay you accordingly, Edward Jones is probably not for you.
Svantaggi
Although the company states that market analysis is used to determine rate of pay, compensation is not competitive for branch office administrators. It takes many years for your salary to become acceptable. This is particularly difficult for those who do not work in an office that is profitable enough to qualify for bonuses--which are difficult to attain. The benefits are adequate at best. Only high- deductible insurance coupled with an HSA is offered. While there is a profit sharing, which is variable, the company matches only 500.00 per year in the 401k. The overall culture of the company is a positive one but is sometimes slightly difficult to swallow. They really want you to drink the proverbial "kool-aid". The worst consequence of not drinking it is that you may occasionally find yourself chuckling or rolling your eyes.