Edward Jones Advisory Solutions® Annual program fee of 1.35%, with lower tiers and reduced rates for higher asset levels. Annual portfolio strategy fee of 0.09% or 0.19% depending on account type, with lower tiers and reduced rates for higher asset levels.

For the average investor, Edward Jones is probably not the best choice. You could spend more time learning about making investment decisions by yourself and choose a platform with lower fees.

The initial investment minimum to open an account is $5,000.

The top competitors of Edward Jones include Fidelity Investments, BlackRock, Vanguard, Bank of America and BNY Mellon. Edward Jones has 3,073 active competitors.

Financial advisors who become partners may share in the earnings of Edward Jones and its affiliates. Partners' earnings vary based on the firm's profitability. The amount a partner earns depends on which category of capital the partner owns and how much he or she has invested.

In general, a 10% early withdrawal penalty applies if you take money before age 59½.

As one ex-Jones advisor who went independent put it, “The breakdown in culture at the firm has led to Edward Jones advisors to going independent and creating the culture that they miss. There is a whole network of former Edward Jones advisors who help and support each other in a way that feels like the Jones of old.”

As a general rule of thumb, you want to aim to invest a total of 10% to 15% of your income each year for retirement. That probably sounds unrealistic now, but you can start small and work your way up to it over time.

“Ideally, you'll invest somewhere around 15%–25% of your post-tax income,” says Mark Henry, founder and CEO at Alloy Wealth Management. “If you need to start smaller and work your way up to that goal, that's fine. The important part is that you actually start.”

A Shared Commitment We've consistently been ranked among the best companies to work for by FORTUNE magazine, and our employees tend to stay with us for years. As a privately-owned company, Edward Jones has a very personal feel that's almost like family.

With Edward Jones, your advisor is a reliable, professional contact to help you manage your investments. Passive investing: Some account types permit a very hands-off approach. Established company: Edward Jones has been trading for 100 years. It's much safer than many newer platforms that haven't been tested.

$5,000 $5,000 for Fund Accounts (mutual funds only). $25,000 for Flex Accounts with mutual funds, ETFs and stocks. $50,000 for Flex Accounts with mutual funds, ETFs, stocks, bonds and CDs. You and your financial advisor select one of our portfolio models that aligns with your goals and comfort with risk.