How do Edward Jones agents get paid?

When you open a brokerage account with Edward Jones, such as the Edward Jones Select Account, your financial advisor is compensated through a combination of fees associated with your investment transactions and ongoing payments from third-party sources. Specifically, a portion of the transaction costs you incur when buying or selling investments is allocated to your advisor as part of their revenue. Additionally, Edward Jones may receive ongoing payments from mutual funds or other investment products that you hold in your account, which can also contribute to your advisor's earnings. This compensation structure incentivizes advisors to provide quality service and guidance, as their income is directly linked to the transactions and investments made on your behalf. Overall, this model aims to align the interests of the advisor with those of the client, fostering a relationship built on trust and mutual benefit.