Income Expected At Edward Jones - Edward Jones Jobsjmerkel in Henderson, Kentucky said: No offense, but some of you have been drinking the Kool- Aid. The Salary for a Financial Adviser Trainee Position. A financial adviser can help clients reach their goals. Stockbyte/Stockbyte/Getty Images. Investment and financial firms help develop new financial advisers through trainee positions. Designed to give the trainee time to build a clientele and obtain professional licenses, these positions pay a salary and incentives. Some companies choose to base a financial adviser's starting salary on his geographic location and previous experience. Sales performance is directly linked to the annual pay that a financial adviser trainee receives. Average Salary. The Bureau of Labor Statistics reports that the average pay in 2. Advisers earning wages in the bottom 1. These numbers do not take into account bonuses or self- employed advisers. According to Forbes. Wells Fargo Advisors earned between $3,0. Training Pay. A financial adviser trainee position may compensate for Series 7 and 6. Most states require financial advisers to acquire these licenses to sell investment products. Edward Jones, a major brokerage firm, pays its trainees an hourly wage for initial training and exam preparation. According to the company's website, this wage is based on the trainee's previous income and experience. The commission rate for the first year is between 1. Weddle says that going door to door is the best way to build a career at Edward Jones. Edward Jones brokers are on salary. Edward Jones financial advisor. Current: Financial Advisor/Regional Leader/General Partner at Edward Jones, Regional Leader at Edward Jones, Financial Advisor at Edward Jones: Past. Wells Fargo financial adviser trainees earn a full salary their first two years. Average Performance. ![]() Edward Jones Financial Advisor Salaries. This estimate is based upon 18 Edward Jones Financial Advisor salary report(s). The Edward Jones Advantage. There's an advantage in working with an Edward Jones advisor who knows you. Working with an Edward Jones Financial Advisor. The . Eventually, brokerage firms tend to stop paying advisers a base salary. Edward Jones phases out the base salary in year three for its trainees, compensating with just bonuses and commissions. Find an Advisor; The Value of Edward Jones. Career Paths That Fit. Average Salary for Edward Jones Investments Employees. Financial Advisor (16). Edward Jones Investments Edward Jones. Job/Internship of the Week-Edward Jones. Edward Jones PASS Program. Benefits of the Financial Advisor. The firm's average performers earn a base salary of $2. In the third year, commissions increase to $4. The average for Wells Fargo trainees is $4. Top Earners. Top performers working as financial adviser trainees for Edward Jones tend to earn a base salary of $4. Forget personality tests, Edward Jones uses job. The typical career changer in Edward Jones' sights is an. The Financial Advisor Career Development program is designed for. Second- year top performers average a base salary of $3. ING Direct says its financial adviser trainees average between $7. Trainees who come into the position with sales or prior financial experience typically earn more than $1. About the Author. Helen Akers specializes in business and technology topics. She has professional experience in business- to- business sales, technical support, and management. Akers holds a Master of Business Administration with a marketing concentration from Devry University's Keller Graduate School of Management and a Master of Fine Arts in creative writing from Antioch University Los Angeles. Photo Credits. Stockbyte/Stockbyte/Getty Images.
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