Edward Jones

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Category: Lifestyle

Contact Information
Beaufort, South Carolina, United States

Edward Jones Reviews

Very Unhappy May 7, 2009
Worst investor ever
VINCE ROSENACK, financial advisor (ha). Moved my IRA to Edward Jones April 2008; told Vince (3 times) I was tired of loosing $ and would rather make a little vs loosing monthly. Sure we can do that, so I figure I'm safe while everyone else is loosing $. Well, his good investing lost me 20% of my IRA in 8 months. Vince said I'm doing good and making $, what a ____ ___!! Don't invest with him!!
RUTH BJORK March 31, 2009
IRRESPONSIBILITY
IRRESPONSIBILITY OF THE INVESTMENT ADVISOR. WE LOST $93, 000.00 OF OUR RETIREMENT MONEY AND NO ONE ACCEPTS RESPONSIBILITY. WE ASKED AT EVERY STATEMENT TO MOVE THE MONEY INTO A SAFER ENVIRONMENT AND THE ADVISOR SAYS, NO WE'RE FINE. WE'RE NOT FINE. WE LOST $93, 000.00. MY HUSBAND'S RETIRED.
November 11, 2008
breach of binding agreement
David C. Bray from Edward Jones became my financial advisor in June of 2007. He promised me he would watch my funds and suggested against placing them in a no loss investment. In Jan 2008 I asked him to move my funds to a no loss investment and he promised he'd do it that day. By this time, six months, he already loss over $6, 000 of my initial funds.
My gut was saying to move into a no loss investment along with others telling me the same thing. When I got my next statement it showed a loss of over $7000 and I saw that he moved my funds the day after he said he would. I called his office but he was not in so I explained the entire story to his assistant.
He has never made a call to me about giving my loss back...just to come talk to him. I suffer from severe anxiety and have been unable to deal with a man that hasn't owned up to his wrongs to me.
I know the stock market is bad and there are many losses, but it is a legal binding on his part that he was to move my funds when he said he would. It was also wrong of him to advise me not to place my funds in a no loss investment. Ripping off the public is out of control these days.
November 3, 2008
didnt do it right
first i went to travis bulls officetold him what i wanted to do well the next day i found out he messed it all up i called his office and travis was at edward jones meeting at northern michigan his office worker called him said i called and there was major mistake travis clled me at 9:30 in the morning and said he will see me that night and he called during the day i called edward jones headqutars they seen what he did and told me he had 3days to take care of it so when he called me i said just put back where i had my money he said he could not that nite he sold the mistake and bought bonds well headqutars has mail me a complaint form that i should recieve it in about 4days headqutars is with me they said they see all the mistakes well i get this margin call for 12, 796.00 to be payed 11-03-2008
November 3, 2008
didnt do it right
first i went to travis bulls officetold him what i wanted to do well the next day i found out he messed it all up i called his office and travis was at edward jones meeting at northern michigan his office worker called him said i called and there was major mistake travis clled me at 9:30 in the morning and said he will see me that night and he called during the day i called edward jones headqutars they seen what he did and told me he had 3days to take care of it so when he called me i said just put back where i had my money he said he could not that nite he sold the mistake and bought bonds well headqutars has mail me a complaint form that i should recieve it in about 4days headqutars is with me they said they see all the mistakes well i get this margin call for 12, 796.00 to be payed 11-03-2008
August 26, 2008
financial
Shortly after transferring a large$$$portfolio of stocks, bonds, cd's, mutual funds and money market from ML to Edward Jones, my broker sold most of it without my informed consent. He didn't answer my question about capital gains. On April 9, I found that I owed 54, 000 in taxes with another 3, 000 in estimated taxes. I asked my broker how I was going to pay for this. He said the best thing to do was to take a loan with Edward Jones! He also sold mutual funds from one class and bought same funds in another class. He got me into annuities, and since I have transferred back to Merrill Lynch, the only income I have is from selling securities.
March 28, 2008
lied about commission
Jeff Rudolf of Iowa City said he'd charge half price on his commission for a stock trade since I was going to move my money to a etrade account. He wanted 2 percent on the buy, and 2 percent on the sell, with an additional 4.95 transaction fee. Half of that is 1 percent on both ends, and 4.95 transaction. He bought the stock and I got mail confirmation of 1.25 percent commission of the buy end. The stock rose a bit. I told him to sell and I got mail confirmation that he charged 1.75 percent commission on the sell end. So he charged an extra 1 percent all together. On a six grand investment, he took an additional $60. I only agreed to pay 2% total equaling $120. $120 bucks is a lot when I could have made the same on etrade for 9 bucks on both ends. But to kick me in the nuts by charging 50% more than was agreed is not right. I made $30 bucks insted of $90. Not a lot of money, I know, but I like to stick to the agreement. Even if the investment went sour, I would be more happy losing $200 bucks on my word, rather than nickle and diming your customers. When I called him, he just talked over me about getting me the highest price possible and that he did not want to do the trade, and he made no money on it. He made $180 bucks to my $30. Let me remind you, He called me after he knew i was moving it to etrade. What a joke. Thanks Ed Bastard!!!

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