Edward D. (Ted) Jones founded his namesake company in 1922, determined that associates would be treated as partners. They were then. They are now.
“The spirit of Ted is still here, ” notes Jason Kozon, financial adviser and one of four Alabama Regional Leaders. “We are a culture of caring for work and family. I think that’s what sets us apart.”
A major perk distinguishes Edward Jones from most competitors — partnership. Every associate has an opportunity to own part of the firm. “This is a big deal in the benefits package, ” Kozon says. “Partnership is a unique reward, rarely seen in competitors.” Any associate in good standing with at least three years of service can be offered partnership. Nearly half of associates are owners.
Other favorite features of working for America’s largest investment adviser goes back to its founding philosophy — the culture of caring. Responding to a questionnaire, one employee wrote, “When associates face personal or professional difficulties, we stand by them. This might mean quick assistance in a natural disaster, paid leave or medical exceptions, cards and emails, or dozens of associates showing up at a funeral.”
Another worker added, “Volunteerism is fundamental to our culture, and associates love the opportunity to give back. Home-office associates receive one paid ‘Day of Caring’ annually. In our branches, charitable volunteerism during the workday is common and expected.”
Edward Jones, by definition of a financial advisory company, helps clients achieve money goals — retirement, college, wealth management, insurance and many other bangs for the buck. Regulations are intense and so is learning.
“Training never stops, ” says Kozon. “It is vital to keep current and we are there to help. And with training and good work, we offer plenty of opportunities for advancement.”
Financial advisers are paid to study for licenses, then go on salary plus earning commissions and bonuses. They eventually transition to commission earnings supplemented by profitability bonuses and profit sharing, even the possibility of limited partnership.
Typically, an Edward Jones branch has one financial adviser and one branch office administrator serving clients in the neighborhoods where they live and work. For example, Kozon is located and serves the Foley area. “The company pays expenses, installs technology and provides the training and support needed to succeed, ” he says.
Jason Kozon, Financial Adviser/Regional Leader
22394 Miflin Rd. #202, Foley, AL 36535