What are the steps of leaving Edward Jones and moving to Vanguard? Edward Jones Is a Simplified Name. Reply. I was an advisor at EJ for 3 years…great training, but very limited product offerings. Like all full service firms, Edward Jones is charging a percentage of all client's assets EVERY year as a fee — anywhere from 0.50% to 1.50%, plus an annual fee of $300. melsbootstoots here July 20th, 2011 at 12:24 am. Instead, it is a simplified name that sees use in a wide range of contexts for the sake of convenience. All Edward Jones cares is they are making money and leaving the risk to you. Either the market is up and you make less than you should or the market is down and you lose more than you should. Posted by rpg37 on 12/22/16 at 3:41 pm. Reply. The problem is I like my E. Jones guy. Tell EJ that you want them to move everything in your accounts to the new IRAs. 2% in fees will slash your account by 65% over a 40 year period. I just did this. So, before shutting down with Edward Jones I’d be sure to try and gather as much info as you can! It should be mentioned that Edward Jones isn’t the full name of the business. Take the setup info for those and give it to Edward Jones. I have (or had) 1.3 million invested with them. Loan Offerings. So, before shutting down with Edward Jones I’d be sure to try and gather as much info as you can! With cheap options like ETFs available, paying a lot for an actively managed mutual fund is the last thing a small investor should consider. There is a huge difference in pricing structure between Edward Jones and its competitors. Edward Jones review from San Diego, California rated 1.0/5.0 with 3 Comments: I have experienced nothing but grief from EJ. Those with assets held at Edward Jones have the option of taking a personal loan against holdings. There is a reason that Edward Jones is consistently rated the best firm to work for in our country. We inherited a sum amount of money with Edward Jones, we learned that when we sell/buy stocks, EJ charges us … Resolved: Edward Jones should be shut down at this point. The comments about Edward Jones being different from many other firms is spot on. Don't let them talk you out of it and pay the fee. I'm convinced they are costing us too much in fees and want to move our accounts to Vanguard. Long says May 10, 2012 at 11:09 am. Any Edward Jones review should include a comparison of costs only. I left Scottrade for Vanguard and it was a very simple and painless process. With Edward Jones I am charged a sales commission for every dollar I invest and a yearly fee for my four IRAs. Edward Jones is a brokerage firm that provides investment advice to individuals. I have about $30k in my Roth and T-IRA accounts with EJ. Non-financial metrics, like the value associated with a local neighborhood office, should be ignored in your initial Edward Jones review. 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