{"id":23963,"date":"2021-08-27T15:34:04","date_gmt":"2021-08-27T15:34:04","guid":{"rendered":"https:\/\/careers.edwardjones.com\/?p=23963"},"modified":"2021-08-27T15:40:25","modified_gmt":"2021-08-27T15:40:25","slug":"balancing-freedom-with-compensation-certainty","status":"publish","type":"post","link":"https:\/\/edwardjones.site.findly.com\/en-CA\/blog\/balancing-freedom-with-compensation-certainty\/","title":{"rendered":"Balancing Freedom with Compensation Certainty"},"content":{"rendered":"<p>[av_section min_height=&#8221; min_height_px=&#8217;60px&#8217; padding=&#8217;no-padding&#8217; shadow=&#8217;no-border-styling&#8217; bottom_border=&#8217;no-border-styling&#8217; bottom_border_diagonal_color=&#8217;#333333&#8242; bottom_border_diagonal_direction=&#8221; bottom_border_style=&#8221; id=&#8221; color=&#8217;main_color&#8217; custom_bg=&#8221; src=&#8221; attachment=&#8221; attachment_size=&#8221; attach=&#8217;scroll&#8217; position=&#8217;top left&#8217; repeat=&#8217;no-repeat&#8217; video=&#8221; video_ratio=&#8217;16:9&#8242; overlay_opacity=&#8217;0.5&#8242; overlay_color=&#8221; overlay_pattern=&#8221; overlay_custom_pattern=&#8221; custom_class=&#8217;breadcrumb-section minht0 pb40 blog-detail-breadcrumb&#8217;]<br \/>\n[av_textblock size=&#8221; font_color=&#8221; color=&#8221; custom_class=&#8221;]<br \/>\n[cws_bread_crumb separator=&gt;]<br \/>\n[\/av_textblock]<br \/>\n[\/av_section]<\/p>\n<p>[av_section min_height=&#8221; min_height_px=&#8217;500px&#8217; padding=&#8217;no-padding&#8217; shadow=&#8217;no-border-styling&#8217; bottom_border=&#8217;no-border-styling&#8217; bottom_border_diagonal_color=&#8217;#333333&#8242; bottom_border_diagonal_direction=&#8221; bottom_border_style=&#8221; id=&#8221; color=&#8217;main_color&#8217; custom_bg=&#8221; src=&#8221; attachment=&#8221; attachment_size=&#8221; attach=&#8217;scroll&#8217; position=&#8217;top left&#8217; repeat=&#8217;no-repeat&#8217; video=&#8221; video_ratio=&#8217;16:9&#8242; overlay_opacity=&#8217;0.5&#8242; overlay_color=&#8221; overlay_pattern=&#8221; overlay_custom_pattern=&#8221; custom_class=&#8217;left-text-right-image two-col-wideimg reverse-col blog-detail-banner blog-detail-banner-img&#8217;]<br \/>\n[av_one_third first min_height=&#8217;av-equal-height-column&#8217; vertical_alignment=&#8217;av-align-middle&#8217; space=&#8217;no_margin&#8217; margin=&#8217;0px&#8217; margin_sync=&#8217;true&#8217; padding=&#8217;0px&#8217; padding_sync=&#8217;true&#8217; border=&#8221; border_color=&#8221; radius=&#8217;0px&#8217; radius_sync=&#8217;true&#8217; background_color=&#8217;#fdf8da&#8217; src=&#8221; attachment=&#8221; attachment_size=&#8221; background_position=&#8217;top left&#8217; background_repeat=&#8217;no-repeat&#8217; animation=&#8221; mobile_display=&#8221; custom_class=&#8217;l-text&#8217;]<\/p>\n<p>[av_textblock size=&#8221; font_color=&#8221; color=&#8221; custom_class=&#8217;blog-title&#8217;]<\/p>\n<div class=\"avia_textblock h2-small-wrapper m0\">\n<p class=\"h2-small\">Experienced Financial Advisor:<\/p>\n<\/div>\n<h1 class=\"pt10\">Balancing Freedom with Compensation Certainty<\/h1>\n<p>[av_social_share title=&#8217;Share this post:&#8217; style=&#8221; buttons=&#8217;custom&#8217; share_facebook=&#8217;aviaTBshare_facebook&#8217; share_twitter=&#8217;aviaTBshare_twitter&#8217; share_linkedin=&#8217;aviaTBshare_linkedin&#8217; share_mail=&#8217;aviaTBshare_mail&#8217; custom_class=&#8217;ejd-banner-social-share-widget blog-detail-banner-social-share d-flex&#8217;]<br \/>\n[\/av_textblock]<\/p>\n<p>[\/av_one_third][av_two_third min_height=&#8221; vertical_alignment=&#8217;av-align-top&#8217; space=&#8221; margin=&#8217;0px&#8217; margin_sync=&#8217;true&#8217; padding=&#8217;0px&#8217; padding_sync=&#8217;true&#8217; border=&#8221; border_color=&#8221; radius=&#8217;0px&#8217; radius_sync=&#8217;true&#8217; background_color=&#8221; src=&#8221; attachment=&#8221; attachment_size=&#8221; background_position=&#8217;top left&#8217; background_repeat=&#8217;no-repeat&#8217; animation=&#8221; mobile_display=&#8221; custom_class=&#8217;r-img&#8217;]<\/p>\n<p>[av_image src=&#8217;\/wp-content\/uploads\/sites\/1392\/2021\/04\/blog-hero-efa-business-model.jpg&#8217; attachment=&#8217;22537&#8242; attachment_size=&#8217;full&#8217; align=&#8217;right&#8217; styling=&#8221; hover=&#8221; link=&#8221; target=&#8221; caption=&#8221; font_size=&#8221; appearance=&#8221; overlay_opacity=&#8217;0.4&#8242; overlay_color=&#8217;#000000&#8242; overlay_text_color=&#8217;#ffffff&#8217; animation=&#8217;no-animation&#8217; custom_class=&#8221;][\/av_image]<\/p>\n<p>[\/av_two_third]<br \/>\n[\/av_section]<\/p>\n<p>[av_section min_height=&#8221; min_height_px=&#8217;500px&#8217; padding=&#8217;no-padding&#8217; shadow=&#8217;no-border-styling&#8217; bottom_border=&#8217;no-border-styling&#8217; bottom_border_diagonal_color=&#8217;#333333&#8242; bottom_border_diagonal_direction=&#8221; bottom_border_style=&#8221; id=&#8221; color=&#8217;main_color&#8217; custom_bg=&#8221; src=&#8221; attachment=&#8221; attachment_size=&#8221; attach=&#8217;scroll&#8217; position=&#8217;top left&#8217; repeat=&#8217;no-repeat&#8217; video=&#8221; video_ratio=&#8217;16:9&#8242; overlay_opacity=&#8217;0.5&#8242; overlay_color=&#8221; overlay_pattern=&#8221; overlay_custom_pattern=&#8221; custom_class=&#8217;pt90 pb100 search-widget-vertical-container&#8217;]<\/p>\n<p>[av_three_fourth first min_height=&#8221; vertical_alignment=&#8217;av-align-top&#8217; space=&#8221; margin=&#8217;0px&#8217; margin_sync=&#8217;true&#8217; padding=&#8217;0px&#8217; padding_sync=&#8217;true&#8217; border=&#8221; border_color=&#8221; radius=&#8217;0px&#8217; radius_sync=&#8217;true&#8217; background_color=&#8221; src=&#8221; attachment=&#8221; attachment_size=&#8221; background_position=&#8217;top left&#8217; background_repeat=&#8217;no-repeat&#8217; animation=&#8221; mobile_display=&#8221; custom_class=&#8221;]<\/p>\n<p>[av_textblock size=&#8221; font_color=&#8221; color=&#8221; custom_class=&#8217;h2fs30 h2fw600&#8242;]<br \/>\nIt\u2019s no surprise that compensation is a leading factor when financial advisors are considering changing firms. In the <a href=\"https:\/\/www.advisorhub.com\/resources\/how-culture-impacts-financial-advisors-considering-a-transition\/\" target=\"_blank\" rel=\"noopener\" title=\"Go to AdvisorHub study on brokerage-firm culture\">AdvisorHub study on brokerage-firm culture<\/a>, done in partnership with Edward Jones, financial advisors said compensation was the top reason they\u2019d consider leaving their current firm. While going independent is tempting for financial advisors looking to make a change, it may present considerable compensation uncertainty.<\/p>\n<p>In a competitive landscape, recent enhancements to Edward Jones\u2019 compensation structure are giving experienced financial advisors a strong reason to consider moving their practice to Edward Jones. The difference? Edward Jones compensation plans are designed to set up experienced financial advisors for success, individually evaluated and providing a competitive salary based on the assets they bring to the firm.<\/p>\n<p>Transitioning experienced financial advisors can own their success on day one and avoid the compensation risk of independent practice. It\u2019s the best of both worlds \u2013 support from a home office and autonomy to grow their practice independent of firm sales goals. Edward Jones financial advisors run their own practices, set their own goals and partner with clients on achieving their financial and life goals \u2013 and compensation reflects success in those efforts.<\/p>\n<div class=\"blog-detail-quote\">\n<p class=\"pfs24 plh38\"><em>There are no loans in the Edward Jones compensation package. No upfront or back-end payments requiring certain production levels. No claw backs and financial advisors are not contractually bound to the firm for the long term.<\/em><\/p>\n<\/div>\n<p class=\"pt20\">As a private partnership, Edward Jones has long held a transparent compensation philosophy \u2013 with less complexity and fewer modifications compared to the industry \u2013 that helps financial advisors uniquely realize their potential. First and foremost, compensation is commensurate with a financial advisor\u2019s experience and practice maturity. New plan features are designed to optimize the financial opportunity and are tailored to support an individual\u2019s unique practice. Key features include:<\/p>\n<p><strong>12 Month Salary:<\/strong> The firm will provide salary for the first 12 months based on the portability of the financial advisor\u2019s previous assets. All commissions and fees are additive, so it closes the gap between prior year income and the commissions earned during the transition.<\/p>\n<p><strong>New Asset Compensation:<\/strong> Edward Jones will compensate financial advisors throughout years 1-6 for new assets transitioned to the firm within their first 12 months.<\/p>\n<p><strong>Bonus Compensation:<\/strong> Financial advisors are eligible for profitability bonuses as of their second year, which are paid on a trimester basis.<\/p>\n<p><strong>No \u201cLoans\u201d:<\/strong> There are no loans in the Edward Jones compensation package. No upfront or back-end payments requiring certain production levels. No claw backs and financial advisors are not contractually bound to the firm for the long term.<\/p>\n<p>This \u201cno ceiling\u201d compensation approach is why some come \u2013 and stay. In fact, since 2016, approximately 75% of experienced financial advisors who joined Edward Jones from other firms remain today.<\/p>\n<p>For experienced financial advisors considering a transition, Edward Jones balances freedom and flexibility with the certainty of a salary. Edward Jones financial advisors are rewarded for their hard work in the short-term and provided with the support they need to reach their full potential long-term. <a href=\"\/en-CA\/career-areas\/experienced-financial-advisors\/compensation-benefits\/\">Learn more about compensation for experienced financial advisors at Edward Jones<\/a>.<br \/>\n[\/av_textblock]<\/p>\n<p>[\/av_three_fourth][av_one_fourth min_height=&#8221; vertical_alignment=&#8217;av-align-top&#8217; space=&#8221; margin=&#8217;0px&#8217; margin_sync=&#8217;true&#8217; padding=&#8217;0px&#8217; padding_sync=&#8217;true&#8217; border=&#8221; border_color=&#8221; radius=&#8217;0px&#8217; radius_sync=&#8217;true&#8217; background_color=&#8217;#fde57f&#8217; src=&#8221; attachment=&#8221; attachment_size=&#8221; background_position=&#8217;top left&#8217; background_repeat=&#8217;no-repeat&#8217; animation=&#8221; mobile_display=&#8221; custom_class=&#8217;search-widget search-widget-vertical&#8217;]<\/p>\n<p>[av_sidebar widget_area=&#8217;Home &#8211; Under banner Job Search Widget&#8217;]<\/p>\n<p>[\/av_one_fourth][\/av_section][av_section min_height=&#8221; min_height_px=&#8217;500px&#8217; padding=&#8217;no-padding&#8217; shadow=&#8217;no-border-styling&#8217; bottom_border=&#8217;no-border-styling&#8217; bottom_border_diagonal_color=&#8217;#333333&#8242; bottom_border_diagonal_direction=&#8221; bottom_border_style=&#8221; id=&#8221; color=&#8217;main_color&#8217; custom_bg=&#8221; src=&#8221; attachment=&#8221; attachment_size=&#8221; attach=&#8217;scroll&#8217; position=&#8217;top left&#8217; repeat=&#8217;no-repeat&#8217; video=&#8221; video_ratio=&#8217;16:9&#8242; overlay_opacity=&#8217;0.5&#8242; overlay_color=&#8221; overlay_pattern=&#8221; overlay_custom_pattern=&#8221; custom_class=&#8217;pb130 related-posts-outer&#8217;]<br \/>\n[av_textblock size=&#8221; font_color=&#8221; color=&#8221; custom_class=&#8217;h2-small-wrapper&#8217;]<\/p>\n<h2 class=\"h2-small\">Related Posts<\/h2>\n<p>[\/av_textblock]<\/p>\n<p>[av_postslider link=&#8217;category,2&#8242; columns=&#8217;3&#8242; items=&#8217;4&#8242; offset=&#8217;0&#8242; contents=&#8217;title&#8217; preview_mode=&#8217;auto&#8217; image_size=&#8217;portfolio&#8217; autoplay=&#8217;no&#8217; interval=&#8217;5&#8242; custom_class=&#8217;pt30 related-posts&#8217;]<br \/>\n[\/av_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[av_section min_height=&#8221; min_height_px=&#8217;60px&#8217; padding=&#8217;no-padding&#8217; shadow=&#8217;no-border-styling&#8217; bottom_border=&#8217;no-border-styling&#8217; bottom_border_diagonal_color=&#8217;#333333&#8242; bottom_border_diagonal_direction=&#8221; bottom_border_style=&#8221; id=&#8221;<\/p>\n","protected":false},"author":1081,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pgc_meta":"","footnotes":""},"categories":[137],"tags":[],"persona":[],"class_list":["post-23963","post","type-post","status-publish","format-standard","hentry","category-experienced-financial-advisor-en-ca"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.0 (Yoast SEO v23.0) - 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