How much does a retirement specialist cost?
Typical hourly rates range from $150 to $300, while a typical project fee could be $1,000, $2,000 or even more. Although that flat fee may sound high, it often works out to be less than 1 percent of your assets under management.
Does Edward Jones do retirement plans?
We offer many types of retirement accounts and can help you understand the differences, so you can choose what makes the most sense for your financial goals and investing strategy.
Are Edward Jones advisors fiduciaries?
For this fee, Edward Jones will serve as an investment advice fiduciary at the plan level, and provide educational services at both the plan and participant level, if applicable. Your financial advisor receives a portion of the Retirement Plan Services Fee.
How do I find a retirement expert?
You can look for a good local retirement planner through the National Association of Personal Financial Advisors and the American Institute of CPAs. You might also ask friends and relatives to recommend someone they trust.
Does Edward Jones handle 401k?
Edward Jones partners with business owners to help set up employee 401(k) plans. Any type of business can set up a 401(k) plan, which is designed to let your employees defer part of their salary for retirement savings – and let you help by making optional tax-deductible matching contributions.
Is Edward Jones a 401k?
The Edward Jones Owner K® is an owner-only 401(k) plan, designed for business owners – with no employees other than their spouses – who want to increase or maximize pretax retirement contributions with flexibility.
What do Top Edward Jones advisors make?
The highest salary for an Edward Jones Financial Advisor in United States is $93,534 per year. The lowest salary for an Edward Jones Financial Advisor in United States is $32,125 per year.
How does Edward Jones make money?
One way Edward Jones gets paid is through revenue sharing with their network of mutual fund companies. For example Edward Jones is a big user of American Funds, which has a large selection of mostly high-quality mutual funds with various pay structures through different mutual fund share classes.
Is Edward Jones an investment?
Edward D. Jones & Co., L.P., since 1995 simplified as Edward Jones, is a financial services firm headquartered in St Louis, Missouri, United States. It serves investment clients in the U.S. and Canada, through its branch network of more than 14,000 locations. The company currently has relationships with nearly 7…
Is Edward Jones reputable?
ST. LOUIS, Feb. 1, 2021 /PRNewswire/ — Financial services firm Edward Jones has been named to FORTUNE magazine’s list of the World’s Most Admired Companies, a recognition of the most respected and reputable companies. The firm ranked No. 4 in the Securities/Asset Management industry category.
Are Edward Jones advisors fiduciary?
They’re not fiduciary investment advisors. Meaning, they’re not legally obligated to act in the best interests of the clients. Some of the financial advisors at Edward Jones are registered as both brokers and investment advisors. Sometimes they act in a fiduciary capacity and other times, they don’t.