How much do Top Edward Jones advisors make?
Average Financial Advisor Salary at Edward Jones
- $34k – $98k.
- $2k – $103k.
- Profit Sharing. $2k – $24k.
- Commission. $10k – $391k.
- $41k – $352k.
Is Transamerica Financial Advisors a pyramid scheme?
This is a Pyramid Scheme, through and through do NOT go to anything this “Company” invites you too. Be wary of words like “events” and “memberships”.
Does Edward Jones have a base salary?
The average estimated annual salary, including base and bonus, at Edward Jones is $139,438, or $67 per hour, while the estimated median salary is $136,428, or $65 per hour. At Edward Jones, the highest paid job is a Director of Sales at $226,636 annually and the lowest is an Admin Assistant at $41,808 annually.
How are financial advisors paid?
A monthly fee — this might be a flat fee or a percentage of the money you want to invest. An ongoing fee — an adviser can only charge you an ongoing fee in return for providing an ongoing service, unless you’re paying off an initial charge over time through a regular payment product.
How do Edward Jones people get paid?
Your financial advisor generally receives between 36% and 40% of the revenue Edward Jones receives from asset- based fees, transactional revenue, ongoing 12b-1 fees, trail commissions, and revenue from premiums generated by activity in your accounts.
How many hours do financial advisors work?
If based at a high-street bank, you’ll probably work 35-40 hours a week and it may include Saturday mornings. You may find yourself working in an office, a banking contact centre or an estate agency. and evening and weekend work may be common with these too.
Is Transamerica trustworthy?
Transamerica is a trustworthy life insurance carrier and has earned high financial strength ratings. It also offers a wide selection of life insurance policies: term life, whole life, indexed universal life, and final expense insurance.
What does a Transamerica financial advisor do?
Transamerica Financial Advisors offers asset management, life insurance and financial advisory services to its clients. The advisors can manage client funds both on a discretionary basis, where they can make trades on their own, or on a non-discretionary basis, where clients need to approve all trades.