We moved all of our investments to Edward Jones after dissatisfaction with our original broker. We had lengthy discussions about how we were looking for someone who would pay attention to our investments and keep us informed when and what to buy/sell and have a hands on approach. I work offshore and don't have time to deal with this. I do understand the processes though and can participate in and understand the advice.

First they did not want to use email, which should have been my first clue. I tried to set up meetings but they were too busy to accommodate my busy schedule; never working outside of the fixed box of time.

Finally tired of being ignored, we transferred all of our investments out. Now comes the worst part. All of the investments are in "Edward Jones" name and they have to sell them to move them, with a 5% minimum commission on everything. This was thousands of dollars.

Pros:
Nice tie and detailed reports when they bother to produce them

Cons:
They put your money in THEIR name! 5% or $50 on EVERYTHING they sell of yours. Once you are in, you are trapped as leaving will cost you BIG.

They never paid any attention to our investments, called except to try and sell an issue. Sometimes we wouldn't hear for over a year! I would lose track of time and trusted them to keep me informed; foolish I know. But they did agree to provide this service.

My Parents passed away leaving me a generous trust account plus a life insurance policy. Dave Hunt, a independent stockbroker in NC has done everything possible to obfuscate every bit of all information regarding my account. He even tricked me out of a $500, 000 life insurance policy. Edward Jones knows one thing better than investing your money, and that is perpetuating fraud. I have absolutely no clue to how much money is in my account, for they make sure I never find out. I attempted to hire an attorney to get some factual information, buy Dave Hunt's personal shyster put a stop payment on the check. I have repeatedly inquired: If you have nothing to hide, why are you so fearful of me consulting an attorney? This is a question they would not answer. I'm sure everyone reading this knows exactly why. They have a lot to hide. I'd be fortunate if I have $100 left in an account that was worth over $1, 000, 000. Please take my advise: Avoid these con artists at all cost, or you will wake up one day penniless. Thee have already been multiple class action suits against Edward Jones for malfeasance. Their financial 'gurus' do not even need a college degree. all they need is 10, 000 cold calls. I call them 10, 000 chances to con people out of their hard earned cash! You will get a better return hiding your money under a mattress than letting these slime balls touch a penny of your money.