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Remuneration & Rewards
In addition to the opportunity to realise unlimited
earnings potential, Edward Jones will provide significant
financial support during training and for your first year, giving you the
freedom and peace of mind you need to establish your business.
As an Edward Jones Investment Representative, your income will
come from the following sources.
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Basic Salary:
A highly competitive salary is paid during training and your first year
acknowledging your experience and previous earnings.
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Commissions:
Paid on revenues generated, including additions to existing investments and
ongoing service fees.
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Milestone and new account bonuses:
Recognise key success points and account generation while you are building your
business during the first 24 months. If you are 100% of standard and open at
least 5 accounts per month this is a significant amount of additional money.
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Profitability bonuses:
Are paid every four months, based on the profitability of Edward Jones and your
office. We treat each four-month period as independent so you get a fresh start
every four months.
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Pension/Profit Sharing:
Historically, 24% of post-bonus profit is paid out in a qualified profit
sharing plan, once a year, into a money purchase occupational pension plan.
This is additional to monthly contributions from the firm and yourself. You
will be eligible to join the pension scheme after six months’ employment.
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Incentive Travel:
All Investment Representatives can earn two travel opportunities per year for
their partners and/or families, based on performance. Hawaii, Colorado, Africa,
the Caribbean and China are just some of the places you could experience,
courtesy of Edward Jones. Over 50% of IRs earn two trips per year. Everyone can
achieve at Edward Jones, as there are no capped earning or incentives; we are
not focused on the top 5% of our IRs, but instead want everyone to be
successful.
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Partnership: The Jones Financial Cos., is a partnership, owned
by more than 5,000 associates who are general and limited partners. The
opportunity to become a partner is open to every Investment Representative who
achieves profitability, runs a compliant office and excels at client
satisfaction.
Retirement Policy
When you decide you are ready to retire (we have no compulsory
age), you will transition your business to a successor as the two of you share
in the profits your office generates. Typically, this is a four-year
period that sees your involvement and commission percentage decrease
proportionately from year to year. As the retiring IR, you will have direct
input regarding the choice of your successor. All candidates will be new hires
subject to the requisite hiring procedures. In retirement, you can retain the
limited partnership you have acquired if you remain in good standing with the
firm.
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