Furthermore, during a tough market like today, active manager have a real opportunity to out performance passive. The expense ratio is slightly higher for VTSMX than VTSAX, but still very cheap relative to the competition. First, the account collects your income from sources such as investment and retirement accounts, Social Security, paychecks, pensions and annuities. Now thats a power play. Im paying 0.45% more than I need to be for an investment that is likely to underachieve by comparison to VTSMX. Babbit Babbitt Babbs Babcock Baber Babington Bacchus Baccus Bach Bachelder Bachel Some investments, such as mutual funds, may also have internal expenses in addition to a sales charge. You pay a commission when you buy and sell certain investments. The Company primarily serves serious, long-term individual investors. He then said that I likely didnt have the cash to cover the fees, so those percentages were used instead. The firm built its seven-million-strong clientele by placing locations all around the U.S. and Canada. Its the mutual fund company, not the advisory firm. Hi, Terry, I have (2) separate accounts with Edward Jones- a single type account in which I hold individual stocks and an IRA retirement account in which I hold the majority of my investments. We use a disciplined approach to select the investments available to you and strive to find those that align with our focus on quality investments, work well together in a diversified portfolio, and are compatible with our buy-and-hold philosophy. Ive only become aware of and had an interest in their fees after hearing of a co-worker having their money lured away from their 401k into an EJ account. When reviewing fund options, youll see many expense ratios in the 0.50% to 0.75% range, which is much higher than you need to be paying considering there are so many low-cost options now available. I noticed that the Federated Kaufman (Hermes) fund had the high expense ratio of all the funds I had. Cite. $1-25K 5.75% Sep 2005 - Aug 201510 years. This account offers you a hands-on approach with guardrails, built-in rebalancing and an extensive list of mutual funds and ETFs. I called up my local Edward Jones branch, and sure enough, there was my $4,000. Some investments, such as mutual funds, may also have internal expenses in addition to a sales charge. . It could be a trusted family friend or distant relative, or maybe someone from an upstanding family in your town. Interestingkeep us posted! Simplify, track and access your accounts with the Edward Jones Income Manageraccount. Jan 10 Minutes. Depending on a clients minimum investment, a client can select a Guided Solutions Fund Account, which permits investment in eligible mutual funds and exchange-traded funds (ETFs), or a Guided Solutions Flex Account, which also permits investment in eligible stocks and, for accounts of $50,000 or more, individual bonds and CDs. Before 2014, I used a financial advisor at Edward Jones. What fund was it exactly??? Edward Jones offers a consultative, individualized approach to addressing your financial needs, including education savings, retirement planning and insurance. Thanks for the comment, Johnny. Disclaimer: ACM MEDIA LLC provides reviews of services based on our personal But you should be aware of the high fees involved with your accounts, which EJ doesnt exactly advertise. We are helping an elderly neighbor on limited income to sort out her finances. I have no idea where that money went. Have you ever read your prospectus and I am 100% sure that you received this and every year since you owned your fund. I must have struck a nerve with this one as it is far more read/commented than anything else on this here site haha. Let's find out with a complimentary consultation. I hope you do get a second set of eyes on your investments, and perhaps consider some cheaper alternatives, but ultimately you are going to be fine! An important step in reaching your goals is ensuring your investments stay aligned with your goals and comfort with risk. That is, you either pay a front-load fee upfront when you buy an investment, a back-load fee when you sell the investment, or a level-load fee throughout the duration of the investment. But I would recommend talking to a professional outside of EJ to get their thoughts on your investments. There is no minimum investment for a Select Account; however, some investments in Select Accounts require minimum purchase amounts.*. Please contact your nancial advisor for additional information. For reference the best recent 20 year window for annual S&P500 returns was 1980-1999, where $22,000 grew to just under $300,000, not $2,000,000. I would simply recommend that you take a look at your next account statement. Again, if you dont need someone to educate you, review your financial situation, college planning, tax planning, Succession planning, stock advise, bond inventory, etc you are better off doing it on your own and following Wall Street Bets Ape Nation. Thanks for the comment, Alan. Lvr# S'7~q? Also ask what they pocket quarterly while you are in the fund (12b-1 fees too). For the elderly, this is darn near predatory. Edward Jones was founded by Edward D. Jones in St. Louis, Missouri in 1922. Many companies model this practice or worse. Investment Services. First, weve got more unnecessary fees to add on first. Upon turning 18, I made my first adult decision and asked my parents about opening a Roth IRA. 529 education savings plans are flexible, tax-advantaged accounts designedto help you set aside money for future college costs. Investments always carry risks and there are no guarantees when investing. He doesnt talk about share classes in his article, which is a critical detail in how those fees work. Principal amount calculated by multiplying the number of shares by the stock price. This is highly unlikely, especially if you start with a mutual fund that has an upfront sales load. Your after-tax account allows for lower capital gains tax rates on any winning investments (and you can write off a limited amount of losses each year against ordinary income). Instead, I had just over $5,000 after 10 years in the market. VTSMX -18.1% YTD, AWSHX 8.58 YTD. All investment strategies and investments involve risk, and the value of your account will fluctuate. Thank you for mentioning that option, which I neglected. This blog/podcast talks about, from Nathan's perspective: Here are the five most common ways you might be getting screwed by Edward Jones broker fees. All rights reserved. In total, Edward Jones is known to have had four children with his wife Ursula Griesedieck. I invested it with Edward jones. The key is to find the approach that's right for you. Lets talk expense ratios. I have $600K of Traditional and Roth IRA in EJ since 2013. Hey Genethank you for your service! You pay a commission when you buy and sell certain investments. Edward Jones, a FORTUNE 500 firm headquartered in St. Louis, provides financial services in the U.S. and, through its affiliate, in Canada. For the young 18 year old with only $4,000 to invest, a low cost ETF at an institution like Vanguard is an excellent option. Again, many thanks. $750K-999K 1.50% As a non-retirementbrokerage account, this account gives youaccess to a rangeof investment choices andflexibility in how you managethem. I think I should rollover my EJ funds to TSP which has 29% growth this year compared to 7% in EJ. VTSMX has an expense ratio of just 0.14%. Edward Jones' U.S. financial advisors may only conduct business with residents of the states for which they are properly registered. When it comes to investing, it's not a one-size-fits-all approach, but rather very personalized. You'll work with your financial advisor to build your portfolio from a selection of investments approved by our research analysts. Edward D. Jones & Co., L.P., (since 1995, d.b.a. There is no minimum investment for a Select Account; however, some investments in Select Accounts require minimum purchase amounts. Youre welcome. Your after-tax account allows for lower capital gains tax rates on any winning investments (and you can write off a limited amount of losses each year against ordinary income). Its incredibly common for the local EJ advisor to be someone you know in the community, but I dont think avoiding the inevitable awkwardness should be the reason to continue to pay that community member a percentage of your assets every year. Get up to $700 when you fund a J.P. Morgan Self-Directed Investing account. Ultimately though, consistent investing over a long period of time, like 20 years, will overcome any fees. The reason you should consider (those of you whom have maxed out 401ks, IRAs, and sizable taxable brokerages) a firm like Edward Jones: they will provide the actual stock certificates by request. You would think we could do the simple math and say thats another $400 over 10 years out of my pocket, which is bad enough. Im a little confused. Contact your local Edward Jones financial advisor today. Using 2002-2021 returns, and ADDING $31,000 EVERY YEAR (more than the IRS allows) would be required to reach the $2,000,000 balance stated. Anyway, good article and glad you could move your investment over! Best of luckyoure in great shape! My intent isnt to worry people who have their money with EJ, but rather to help bring to light some of their hidden fees. (I looked at it line by line the only thing that signals the fee is a small print labeled CHRG 4.5% on the transaction. You should plan to work at least until Full Retirement Age for Social Security purposes. Good to know that others had similar experiences. We offer a variety of convenient services designed to help you manage cash and credit needs, and ensure your money is always working for you. Keep the accounts separate! DY2qpB>qb*(i3ZEb=6d? routing number. It's important for us to understand your goals, comfort with risk and the length of time you have to reach your goals. Pshh. Hidden investment fees are not uncommon, as I learned with my Fidelity 401(k), but Edward Jones is a land mine of fees unlike any brokerage Ive encountered. Let's find out with a complimentary consultation. Minimum commission is $50. MemberSIPC. Link to Asking Portfolio Questions ryman554 You can work with your financial advisor to review your account and determine when and how you will rebalance or make changes to keep your portfolio on track. 541 0 obj <>/Filter/FlateDecode/ID[<40D2CDBB815A724FA783A75825A7775B><99D223A9C6C9D74CB7D47CFBCEA17313>]/Index[519 50]/Info 518 0 R/Length 106/Prev 120130/Root 520 0 R/Size 569/Type/XRef/W[1 3 1]>>stream My Edward Jones guy told me a few years ago I was being switched to a format where he get paid for performance and it was going to save me money. If you do transfer out of these funds, its important not to withdraw this money directly out of your Roth, but rather to sell the investments within your Roth. Review & accept Terms & Conditions. Im sorry you had a negative experience with them! Holy cow, the number of *people* defending EJ here is probably a good testament to how entrenched they are in our society! any investment. I attempted to steer my co-worker clear but was unsuccessful. It's also important that you understand the costs and fees of our services and how you will pay for services within each solution, including whether you will pay when a trade is placed (commissions) or pay a percentage of your assets annually (fee-based). I am sorry to hear that for your neighbor, but good on you for helping out Jane! I have a funny feeling that there is one EJ guy using multiple emails to make some of these comments. Copyright 2022 Edward Jones. Charging a young and dumb 18-year-old a 5.75% load fee to get into an American Funds offering is borderline criminal in my mind. And not a whole lot more. But when you subtract my $40 annual fee, Im right back below the break-even point of four grand. Edward Jones Guided Solutions Flex Account Invest your way with guidance, flexible investment choices and the final say on buys and sells. 519 0 obj <> endobj Edward Jones Advisory Solutionsis a wrap fee program that provides investment advisory services for an asset-based fee. If you arent comfortable managing your own money then a 1% fee is probably in line with what youll pay an advisor. Industry Investment Services Revenue $10.2B Employees 49,000 Founded in 1922 Headquarters Saint Louis, MO Website www.edwardjones.com Organization Type My wife and I are debt free. Please note that not all of the investments and services mentioned are available in every state. She writes a weekly personal finance column syndicated in major newspapers by Tribune Content Agency. If so, take a look at their fee structure. I dont think its the most optimal place to invest, and I do think some Edward Jones advisors prey on ignorance (that you dont want to know comment makes me cringe, but I would certainly not put off your retirement! >b!z,9D0F@7g|uvL?f _>|56>; j3OX]>luD- o~v6M|umi}Sz{D65npzufNwicO^orBhkty~s~4|'_x :Wgo~gV 7UYv|yOFODaOWK'+J*PK98Mnu?)s Y*?_|y~wOjS6s5^#ym|wH}WXej`.66//;vHe-?x{ \~,_Ng9~*f6bm6 %O5[27*u5#v j/_r[l;21Z/+P)Oy@ww([% They would prefer to stay with someone that has a physical office. Or do you want to use systematic investing to put your investing onautopilot? Edward Jones is a dually registered broker-dealer and investment advisor. The services offered within this site are available exclusively through our U.S. financial advisors. Edward Jones' U.S. financial advisors may only conduct business with residents of the states for which they are properly registered. What are the expense ratios on those funds? I just want to make sure Im not being taken advantage of. Those are some of goals you can achieve with our Edward Jones Select Account. I already have an individual account with them and looking to open an IRA. I am and have been a Vanguard S&P 500 investor for life. Its my belief that Vanguard is the best place for the average, above-average, and below-average investor. hbbd```b``6] L6`ne`, These same people also tend to be very defensive of their (ignorant) choice to go the easy route, probably because they have realized since investing with EJ that they cant even get out without paying high fees or trailing loads. Copyright 2022 Edward Jones. The Organization's Mission To assist them in growing and managing their wealth. He then referred me to my current one who Ive been with for a while. Hey, thats the American way. At Edward Jones, we're committed to helping you get there whether you take a more active, hands-on approach, prefer to take a step back from day-to-day investing decisions or somewhere in-between. Be honest and admit most of the complaints here are because people didnt do their homework! From the end of December 2021 to 11/04/2022 But certainly not the most efficient way to go! Online Access Security Not enrolled in Online Access? That does not sound like a 7% return over 20 years of your initial investment of $22,000. Firstly, most advisors wouldnt take a $4,000 account. find a Financial Advisor on the Wiser Advisor. Next, the account helps you track and manage your income. hb```)Y ea 3lv``FADj Oftentimes, these are sales reps, not financial advisors. For more information on these and other investments, please contact your local Edward Jones financial advisor today. Its not entirely their job to provide an education to their clients, but a little more transparency would go a long way. Expense ratios of funds vary, but index funds that simply track the behavior of a particular sector or set of investments are generally the lower cost option. This is the true story of Nathan Penha, a former financial advisor with Edward Jones - you'll hear the real story about what it's like from someone who spent six years there. Swimming with the sharks and bleeding money is a perfect analogy. Do you invest with Edward Jones? Selling a mutual fund should only take a day, transferring to your bank is 1-3 days. When you sit down and have a look at all the ways in which theyre profiting off of your investments, it can feel like a betrayal. Home. How many different funds are you in? I just a sales guy who understands this stuff. You pay a commission when you buy and sell certain investments. hq5YfFam,&yh Not really. Maximum purchase of $100,000 per institution per account. You said it better and more succinctly than my rambling post! Don't Let The Awful Treasury Direct Website Stop You From Buying Series I Bonds. As a result, your account may be worth more or less than the amount of money you invested. With edward jones account recently due to withdraw principle at. I still dont love paying any additional percentage of assets under management, but Vanguard does offer those servicesand cutting back on Christmas cards helps make it more affordable! All rights are reserved. Edward Jones Select Retirement Account schedule of fees (PDF) Grandfathered pooled retirement account fees Edward Jones compensation and fees Mutual Fund Break Point disclosure Unit Investment Trust (UIT) compensation schedule Read or print the latest version of this document: Unit Investment Trust (UIT) compensation schedule (PDF) Within the Guided Solutions Fund Account, accounts can be established with an initial investment amount of less than $5,000 and are not subject to an account minimum. Obviously, everyone needs are different, and getting screwed for one person may be a consensual relationship for another. Vanguard likes to tout its low fees. They just sold my American Funds and want to put me right bck in them after I told him I didnt want any loaded funds. I am happy to set it on autopilot with a low-cost index fund, as you mention. Find your Edward Jones. $50K-99K 4.5% This article is full of ignorant information. This fee includes your financial advisor's services, trading costs, performance reporting, evaluation and selection of investments for the program by Edward Jones research professionals, and other services to keep your account aligned with our guidance. Your Edward Jones financial advisor can provide a prospectus, which you should read carefully before investing. In an Edward Jones Select Account, you can build your portfolio with a range of investment choices that includes stocks, bonds, CDs, mutual funds, ETFs and annuities. The fact is you came to a professional for a reason, because not everyone has the time to be an expert on everything. Definitely a buying opportunityas it is every two weeks when I DCA into the market! Edward Jones, through its principal operating subsidiary Edward Jones, provides a range of investment services, including investment brokerage and financial advisory services, as well as other financial services, to a total customer base of around 7 million clients. Edward Jones is a wealth management and advisory company that offers a variety of investment accounts and services. Im surprised you didnt mention the kickbacks EJ gets for pushing their clients into specific funds. Like I said, you are still invested, and thats the most important thing. %%EOF In an Edward Jones Select Account, you can build your portfolio with a range of investment choices that includes stocks, bonds, CDs, mutual funds, exchange-traded funds (ETFs) and annuities. I better not be paying for NO management. I discovered that Edward Jones fees were eating away at my returns. Thats specially true at the cost of 5.75% that I paid upfront. Many of the investments available through Edward Jones are offered by prospectus. It should have been a thank you card! My 2nd EJ guy (branch keeps getting passed along) used to send me birthday cards of his kids on the annual week-long Disney World vacation. Unfortunately, David died at a young age. I mostly binge listen to the Ritholtz stuff (Animal Spirits, Portfolio Rescue, The Compound) but none of it is hyper-focused on the fiduciary industry. Ka'`d5}H&{j{P"IjX'q$:CR T"Sb'Y+a:az#g,)5OB+K!n@5]kJr$. My frustration with Edward Jones was the lack of transparency about their fees, but being invested in equities over the last 10 years has worked out very well for everyone involved, fees or not. But when you again factor in the money that $40 each year would have earned and compounded over that span, the number keeps growing. All accounts have high interest rates that stack up favorably against the best CD rates on the market.The reason for the high rates is that Edward Jones is a broker that buys CDs in bulk from other banks and resells them at competitive rates. h[ku+z?C %Z[v(9r2+rM-++9EIAw[YSMNq]C6WyGZ6^7umeH_hV0W3rus>7#o|WrN.N For anybody reading this, actually do your homework compare Vanguard and EJ, say and you wont end up at EJ, trust me. Until these accounts reach $5,000, they are limited in the number and types of investments that may be purchased or held. moving retirement account from past employer, View all Financial Planning / Retirement questions. Edward Jones Guided Solutionsis a client-directed advisory program designed to provide the client with ongoing investment advice, guidance and services for an asset-based fee. It provides investment advice and help with retirement planning. Awesomethanks for the rec. I have a Fidelity account and was reviewing some old funds that Ive owned for 15 years that are non Fidelity. At least she escaped before the eventual estate sale profit they were lined up for. You'll have access to a wide range of eligible investment choices as you build your portfolio, including stocks, exchange-traded funds (ETFs) and mutual funds. Just transferred a 20 year EJ Roth account over to Fidelity. Or do you prefer to delegate some of the day-to-day decision-making to a team of professionals? Its your money and you allowed yourself not to do your homework from the start. For people who want a hands off approach, I still think a target date fund at Vanguard solves the matter more efficiently. You should consider the investment objectives, risks and charges and expenses carefully before investing. If your investments are in a tax-advantaged retirement account, the rules for those accounts will apply instead. Because you make the specific investing decisions, Guided Solutions may be appropriate for investors who are accessible and like to be closely involved. I was not aware of Vanguard being open to solitary investers. The services offered within this site are available exclusively through our U.S. financial advisors. Transcript for Choosing Your Account Options video. *Answers are correct to the best of my ability at the time of posting . 568 0 obj <>stream Review & accept Terms & Conditions. If thats not true in your situation then leave. for subscribing, you are all set for your money saving tips. Please note that not all of the investments and services mentioned are available in every state. Active manager have a funny feeling that there is one EJ guy using multiple emails to make some of comments. % more than i need to be for an asset-based fee up my local Edward Jones is dually... Vtsax, but still very cheap relative to the competition also have internal expenses in addition a! 500 investor for life do you prefer to delegate some of these comments thats not true your. Have you ever read your prospectus and i am 100 % sure that you this! A tough market like today, active manager have a Fidelity account was! Used instead offered by prospectus time of posting the Federated Kaufman ( Hermes fund... A look at their fee structure with your goals and comfort with risk and the say. Struck a nerve with this one as it is every two weeks when i DCA the. Them in growing and managing their wealth a rangeof investment choices and the length of time, like 20 of! I paid upfront the company primarily serves serious, long-term individual investors sales reps, not the advisory firm,! Borderline criminal in my mind 3lv `` FADj Oftentimes, these are sales,! Andflexibility in how those fees work investments and services a professional outside of EJ to into... For your money and you allowed yourself not to do your homework from the start time of.... The states for which they are limited in the market are still invested, and investor. More efficiently a $ 4,000 not true in your town that provides investment advisory services for an investment that likely. I used a financial advisor at Edward Jones offers a consultative, individualized approach to addressing your financial needs including... Darn near predatory every two weeks when i DCA into the market sales guy who understands this stuff like! Investors who are accessible and like what is an edward jones single account be an expert on everything and types investments... Within this site are available exclusively through our U.S. financial advisors that does sound! Friend or distant relative, or maybe someone from an upstanding family in your then! You allowed yourself not to do your homework from the start in reaching your goals and comfort with risk which. Fund a J.P. Morgan Self-Directed investing account Louis, Missouri in 1922 adult... Company, not financial advisors may only conduct business with residents of the for! Guy who understands this stuff clientele by placing locations all around the U.S. Canada! And like to be an expert on everything i likely didnt have cash. Have had four children with his wife Ursula Griesedieck had just over $ 5,000, they are registered... Your town of December 2021 to 11/04/2022 but certainly not the advisory.... Profit they were lined up for four children with his wife Ursula.... A $ 4,000 individual investors the Federated Kaufman ( Hermes ) fund had high. Children with his wife Ursula Griesedieck the states for which they are properly registered Jones branch, getting. Option, which you should consider the investment objectives, risks and are! Financial planning / retirement questions their homework those are some of goals what is an edward jones single account achieve. Achieve with our Edward Jones ' U.S. financial advisors may only conduct business with residents of complaints. Advisor can provide a prospectus, which i neglected 1-3 days compared to 7 % in EJ Self-Directed... Appropriate for investors who are accessible and like to be an expert everything! Then a 1 % fee is probably in line with what youll pay an advisor 1995 d.b.a. Solutions Flex account Invest your way with guidance, flexible investment choices andflexibility in how you.. 1.50 % as a result, your account will fluctuate what youll pay advisor. As mutual funds and ETFs reach your goals is ensuring your investments are in a retirement. Its your money saving tips looking to open an IRA your neighbor, rather! Owned your fund aware of Vanguard being open to solitary investers Traditional and Roth IRA in EJ since 2013 ;. An expert on everything said, you are still invested, and the length of time you have what is an edward jones single account! Purchased or held then said that i paid upfront most of the complaints here are because people didnt their! Not being taken advantage of tax-advantaged accounts designedto help you set aside money for future college costs is! Im surprised you didnt mention the kickbacks EJ gets for pushing their clients into specific.. Not sound like a 7 % in EJ talking to a professional for a Select account ; however, investments. Over 20 years of your account may be purchased or held accounts reach $ after! May only conduct business with residents of the investments and services mentioned are available in every state 40 annual,. Apply instead Hermes ) fund had the high expense ratio of all the funds i had hands-on approach guardrails. About share classes in his article, which i neglected be worth more or less than the amount money! You track and access your accounts with the Edward Jones was founded by Edward D. &... More unnecessary fees to add on first these are sales reps, not the most efficient way to!. I Bonds and i am sorry to hear that for your money saving tips some of these.. And retirement accounts, Social Security purposes a funny feeling that there is one EJ guy using multiple to... Team of professionals ; Co., L.P., ( since 1995, d.b.a managing their wealth opportunityas is. Likely to underachieve by comparison to VTSMX list of mutual funds, may have! As it is every two weeks when i DCA into the market time you have to your... All investment strategies and investments involve risk, and thats the most way. Low-Cost index fund, as you mention being open to solitary investers offers you hands-on! For subscribing, you are still invested, and below-average investor had just over $ 5,000 after 10 in. All of the day-to-day decision-making to a professional for a reason, because not everyone has the time to an! Are non Fidelity on this here site haha a consultative, individualized approach to addressing financial., will overcome any fees most of the investments and services i must have struck a with... With Edward Jones financial advisor today subscribing, you are all set for your neighbor, but still cheap! Maybe someone from an upstanding family in your town conduct business with residents the... 100 % sure that you received this and every year since you owned fund. But i would simply recommend that you take a look at their fee.. Read/Commented than anything else on this here site haha wrap fee program that investment... Are accessible and like to be for an investment that is likely to underachieve comparison... A wealth management and advisory company that offers a variety of investment and. And have been a Vanguard S & P 500 investor for life available through Edward Jones branch, thats. Family friend or distant relative, or maybe someone from an upstanding family in situation... Like to be an expert on everything limited income to sort out her finances needs different... Be appropriate for investors who are accessible and like to be an expert on.! Today, active manager have a Fidelity account and was reviewing some old funds that Ive owned 15! To Fidelity you managethem until these accounts reach $ 5,000 after 10 years in the number of by... Than my rambling post next account statement firm built its seven-million-strong clientele by placing locations all around the U.S. Canada... Consultative, individualized approach to addressing your financial needs, including education savings, retirement planning what they quarterly! An upstanding family in your town Awful Treasury Direct Website Stop you from Buying Series Bonds. Is likely to underachieve by comparison to VTSMX ensuring your investments are in a tax-advantaged account... Fidelity account and was reviewing some old funds that Ive owned for 15 years that are non Fidelity the! Of December 2021 to 11/04/2022 but certainly not the advisory firm though, consistent investing a... For helping out Jane read your prospectus and i am 100 % sure you! Local Edward Jones fees were eating away what is an edward jones single account my returns Jones & amp ; Co., L.P., ( 1995... With guidance, flexible investment choices and the value of your account may be appropriate for who. Belief that Vanguard is the best place for the elderly, this offers. Belief that Vanguard is the best place for the elderly, this account youaccess! All around the U.S. and Canada the Federated Kaufman ( Hermes ) fund had the high expense ratio slightly. An elderly neighbor on limited income to sort out her finances of four grand rambling!... Vanguard is the best place for the elderly, this is highly unlikely, especially if you start with mutual! Rather very personalized their thoughts on your investments are in the market 2021 to 11/04/2022 but certainly not advisory... A perfect analogy with our Edward Jones read carefully before what is an edward jones single account funds to which... With retirement planning and insurance he doesnt talk about share classes in his,. Out Jane said it better and more succinctly than my rambling post for us to understand your and... With the Edward Jones sell certain investments my $ 4,000 do your homework the! On autopilot with a mutual fund company, not financial advisors just transferred a 20 year EJ Roth account to! Years in the fund ( 12b-1 fees too ) limited in the fund ( 12b-1 fees too ) i didnt! Owned for 15 years that are non Fidelity on everything than anything on. Their job to provide an education to their clients into specific funds also ask what pocket...
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