A few years ago, when I first started getting serious about leaving Edward Jones I actually started by opening an account with TD Ameritrade. For USA-NRAs with no tax treaty I highly recommend Interactive Brokers. Leaving Edward Jones...Why is Vanguard and Fidelity Always the Recommendation? Vanguard would be a much more viable option for you. After all, what’s 1% when you’re making money? To transfer to Edward Jones, you must speak to a financial advisor who will walk you through all of the processes. by Q's Laptop » Fri Jan 26, 2018 6:01 pm, Post One is the strategy and the other is the structure. by lazyday » Sat Mar 24, 2018 6:47 am, Post Hopefully that puts fees into perspective! by sport » Sat Mar 24, 2018 12:49 am, Post Mutual funds 7. I used their no commision ETFs and I had no complaints. Eric Baglio has been investing for over ten years and learned a lot of valuable lessons along the way. Looking for some advice for my friends relative. I am a very happy Schwab customer as well. Edward Jones seems to set people up in local communities to sell securities and they are reasonably successful for the same reason as community banks, local insurance agents etc because people like to do business in their towns or neighborhoods. As a comparison, at the same time I also did a 401k rollover from Fidelity that I had with my former employer. They will pay you a bonus and you'll get free trades perpetually, which you can use to buy the ETFs you want, even Vanguard ETFs. Vanguard bc it is efficient and owned by its own funds/fund investors. Charles Schwab, which beat Edward Jones by one point last year for its third No. Leave a comment about which seems more appealing to you and why! Retirement savings 8. It was very easy for me to transfer my Edward Jones mutual fund straight to Vanguard and I'm now saving over 2% in management fees! Yes, over the years I have seen the $ on a somewhat roller coaster. by White Coat Investor » Sat Mar 24, 2018 7:57 am, Post It’s bullshit, but worth it to be rid of their loaded funds. So is Dodge and Cox. Vanguard might be best described as a fund company that also offers brokerage services. Ultimately, this is completely based on your comfort in dealing with your own investments. Fidelity’s FZROX had a dividend last year of 1.45%, compared to Vanguard’s VTSAX dividend of 1.77%. Read that again and tell me if you see a problem with that from the perspective of a customer. Edward Jones . by snowman » Sat Jan 27, 2018 4:13 pm, Post We will assume the funds perform evenly (Vanguard has outperformed almost all the American funds). I hope you enjoyed this comparison of Edward Jones vs Vanguard. With 10 more years of experience and education behind me I'm ready to go back to DIY with all assets. I have received the wrong information several times. They have no 12-b 1 fees, etc. Let’s compare the two based on their similar services and I’ll throw in some additional fees that may be unique to each company. Edward Jones allows no self-directed accounts. I feel like this is completely up to you as the customer. Broker Fees Stock/ETF Commission Mutual Fund Commission Options Commission Maintenance Fee Annual IRA Fee; Ally Invest: $0 $9.95 $0.50 per contract $0 $0 TD Ameritrade: $0 $49.99 $0.65 per contract $0 $0 Fidelity: $0 $49.95 $0.65 per contract $0 $0 Charles … When it comes to history, Edward Jones takes the lead. The competition among online brokers has become a game of inches among top-tier players like Ally Invest, Fidelity Investments and Charles Schwab, which charge industry-low rates for stock trades. Certificates of deposit (CDs) 3. Thanks to everyone for the input. There are over 14,000 offices all over the United States that you can walk into and talk to one of their financial advisors. Mara Jade has inherited $50,000 in cash and wants to invest it. I have seen agency ads for customer service, so I think they may hire contractors. If you don’t want to deal with your account directly and you want someone else to manage everything that occurs in your account, Edward Jones is the better choice. It's "Stay" the course, not Stray the Course. You are on your own. Vanguard doesn’t do this. Edward Jones has 2 signature services for wealth management. This service is very similar to other Robo-Advisors that you may have heard about such as Betterment and Acorns. Betterment vs. Fidelity Go: Who They're Best For . You can develop a tailored plan and let them manage it completely or keep some of the control and be involved in all decisions regarding your portfolio. Edward D. Jones founded Edward Jones in 1922 in St. Louis, Mo. Merrill Edge vs Fidelity. If you feel it is easier to manage your account from home on your computer, Vanguard is the right choice. By comparing employers on employee ratings, salaries, reviews, pros/cons, job openings and more, you'll feel one step ahead of the rest. Website-wise, Vanguard is not particularly modern so maybe that's a drawback. Rhona Zhang. After stacking these two great investment firms together we can see where each has its strengths. Vanguard is best known for its flagship mutual funds and ETFs with extremely low fees. Compare Fidelity Financial Services and Edward Jones pros and cons using consumer ratings with latest reviews. Fidelity was super friendly and helpful … Although they are both brokerages that offer similar services, they do have some differences. When I decided to leave Edward Jones I felt Fidelity was a better choice for me and overall I would still say that Fidelity is more comfortable for someone with a boglehead philosophy. For accounts less than $50,000, they offer a Digital Advisory Service. by galeno » Fri Jan 26, 2018 8:28 pm, Post Winner: Vanguard (only because of the cheaper and simpler account transfer options). It should be noted that most people don’t go on BBB.org to rave about how great a company is so I think its a better metric to see that they resolve issues timely. by Toons » Fri Jan 26, 2018 8:24 pm, Post I think Fidelity, Schwab, and TDA are fine companies and all have excellent customer service. Power’s 2020 survey of full-service investor satisfaction. Vanguard and Edward Jones are both household names in the brokerage world. Sixty year old with a pretty good handle on investing (I think.) He also has gotten fees waived for the Vanguard Funds I use. They do offer almost identical services but how they go about these services is what separates them. 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