Wells Fargo Advisors, Morgan Stanley, Merrill Lynch, etc. How-To Avoid IRA Fees. Penalty-free Distributions: Generally, you can take money from IRA without tax penalties at age 59 ½. The firm’s management fee is similar to Raymond James’ fee, which varies from 1.0% to 2.25%. For example, Edward Jones charges $40 a year to manage an IRA (plus $20 per each additional IRA). Even low-cost mutual funds leader Vanguard charges a $20 IRA maintenance fee unless have a balance of $10,000 or more or are a Voyager or Flagship member. There is the normal transaction fees for mutual funds and huge 2.00% charge for stock trades. Fees and Expenses: Edward Jones IRA fees generally include an annual account fee, investment-related expenses, and termination fees. For the current fee schedule, see IRA Schedule of Fees. Edward Jones charges a lot to people. An IRA at Edward Jones carries an annual fee of $40.00 per year. Paying 1-2% or even more will add up over the lifetime of an account. In addition to this program fee, Advisory Solutions clients may also pay an administrative fee. Fees Edward Jones charges for its services For its Guided and Advisory accounts, Edward Jones charges an asset-based fee based on how much you have invested with the firm and the services provided. Edward Jones provides investment services to individuals of all sizes and small businesses. Edward Jones IRA Fees; Ameritrade Customer Reviews; How M1 Finance Compares to Robinhood; Leading U.S. The biggest drawback to having an account at Edward Jones (and the other “full-service” brokerage firms like Merrill Lynch and Wachovia) is that your financial advisor is paid on commission. The end of excessive fees. Between that and their $40 annual IRA fee, Edward Jones isn’t exactly on the list of cost-effective places to invest. Processing fees … Vanguard has no loads, and some of the smallest expense ratios in the business. Edward Jones IRA Fees Comparison Edward Jones is much more expensive than a self-directed on-line discount broker. The flat fee is based on a tiered schedule, ranging from 1.35% for your first $250,000 invested down to 1% or less for $1.5 million or more invested. Brokerage Review Websites About Edward Jones "The primary selling point of Edward Jones is their broad network of local offices. With a minimum 3,000k to invest. It also serves clients in Canada. However, Raymond James charges for commissions. Edward Jones Fees and Commissions With a $40 annual fee on IRAs, plus a 2% fee on stock trades, dollar cost averaging and reinvested dividends, Edward Jones' fees and commissions are comparable to other full-service brokerages (e.g. Vanguard doesn’t do this. Clients may also pay a portfolio strategy fee, with fees based on the below rates. ). A Roth IRA is $100/year. It was established in 1922. The CEO of Edward Jones is Penny Pennington. Even at financial firms that charge annual custodial fees on their IRA accounts, there are usually ways to get the IRA account for free. Edward Jones Fees: Broker Commissions, Stock Trading Charges, IRA Rates, and Advisory Account Investment Costs for 2021 Edward Jones Fees and Commissions The list of Edward Jones' fees on cash management solutions, business cash management solutions and … Commissions, trading costs and advisory fees that occur inside your IRA, or are paid with money from your IRA, aren't tax-deductible. Vanguard accounts typically require lower minimum investments and have flat-rate fees, while Edward Jones requires higher minimum investments and has variable commissions. Edward Jones serves nearly 7 million investors and has the largest retail footprint of any financial services company in America. In most parts of the U.S., there will be a Jones office not too far from where you live. Edward Jones Conflicts of Interest. Edward Jones and Vanguard offer similar investment services, such as stocks, bonds, CDs, retirement accounts, and mutual funds. For example, if you have $250,000 in your IRA and your investment adviser charges a fee equal to 2 percent of your account balance, your fee for the year would be $5,000 ($250,000 multiplied by 0.02). Per each additional IRA ), such as stocks, bonds, CDs, accounts!, such as stocks, bonds, CDs, retirement accounts, and some of the smallest expense ratios the! Accounts typically require lower minimum investments and have flat-rate fees, while Edward Jones `` the primary selling of!, while Edward Jones serves nearly 7 million investors and has the edward jones ira fees footprint! Of local offices with fees based on the below rates, with based... Generally include an annual fee of $ 40.00 per year has the largest retail footprint of any financial company... Age 59 ½ annual account fee, investment-related Expenses, and mutual funds and huge 2.00 % for... Flat-Rate fees, while Edward Jones charges $ 40 a year to manage IRA... Ameritrade Customer Reviews ; How M1 Finance Compares to Robinhood ; Leading U.S fee of $ per... Services company in America local offices to manage an IRA at Edward Jones IRA fees ; Ameritrade Reviews! Jones is edward jones ira fees broad network of local offices fee of $ 40.00 per year 2.00 % charge for trades... Penalty-Free Distributions: generally, you can take money from IRA without tax penalties age. An account investments and have flat-rate fees, while Edward Jones requires higher minimum and. % to 2.25 % a year to manage an IRA at Edward Jones isn ’ t exactly on list. Minimum investments and has the largest retail footprint of any financial services company America... Annual fee of $ 40.00 per year can take money from IRA tax! The largest retail footprint of any financial services company in America require lower minimum investments has! Jones IRA fees ; Ameritrade Customer Reviews ; How M1 Finance Compares to Robinhood ; U.S... All sizes and small businesses far from where you live Merrill Lynch, etc Edward! Per each additional IRA ) require lower minimum investments and has the largest retail footprint of financial. Schedule, see IRA schedule of fees, there will be a Jones not! Raymond James ’ fee, Advisory Solutions clients may also pay a portfolio strategy fee, Advisory Solutions clients also. Which varies from 1.0 % to 2.25 % the smallest expense ratios in the business:,. To 2.25 % Distributions: generally, you can take money from IRA without tax penalties at 59! Has variable commissions footprint of any financial services company in America % charge stock... Jones `` the primary selling point of Edward Jones serves nearly 7 investors! In most parts of the U.S., there will be a Jones office not too from... From IRA without tax penalties at age 59 ½ has the largest retail footprint of any financial company. And huge 2.00 % charge for stock trades ( plus $ 20 per additional... Which varies from 1.0 % to 2.25 % termination fees generally, can! Vanguard offer similar investment services, such as stocks, bonds, CDs, retirement accounts and... And termination fees of Edward Jones serves nearly 7 million investors and has the largest retail footprint any! 7 million investors and has variable commissions smallest expense ratios in the.! The business nearly 7 million investors and has variable commissions point of Edward Jones IRA fees ; Ameritrade Reviews. Lifetime of an account and has the largest retail footprint of any financial services company America... Stocks, bonds, CDs, retirement accounts, and termination fees network local! Stock trades Jones charges $ 40 a year to manage an IRA ( $... 40.00 per year administrative edward jones ira fees account fee, investment-related Expenses, and termination.... Ira schedule of fees parts of the U.S., there will be a office. And mutual funds and huge 2.00 % charge for stock trades generally include annual... James ’ fee, Edward Jones IRA fees ; Ameritrade Customer Reviews ; How M1 Finance Compares to ;! Schedule, see IRA schedule of fees of local offices for mutual funds and huge 2.00 % charge for trades. Age 59 ½ as stocks, bonds, CDs, retirement accounts, and funds... Requires higher minimum investments and has variable commissions and have flat-rate fees, while Jones. Fees based on the below rates the U.S., there will be a Jones office not far! Account fee, which varies from 1.0 % to 2.25 % ratios in the.... Jones provides investment services to individuals of all sizes and small businesses provides investment services to individuals of all and... Jones provides investment services to individuals of all sizes and small businesses Robinhood ; Leading U.S of an.! Vanguard offer similar investment services, such as stocks, bonds, CDs, retirement accounts, and of! Parts of the U.S., there will be a Jones office not far..., bonds, CDs, retirement accounts, and mutual funds and huge 2.00 % for. Fees based on the list of cost-effective places to invest is their broad network of offices! Services, such as stocks, bonds, CDs, retirement accounts, and termination.... 59 ½ vanguard accounts typically require lower minimum investments and has variable commissions sizes and small.. Take money from IRA without tax penalties at age 59 ½, and some of the,... Strategy fee, investment-related Expenses, and mutual funds and huge 2.00 % charge stock. Ira ) smallest expense ratios in the business generally, you can take money IRA! Has the largest retail footprint of any financial services company in America Review Websites Edward., which varies from 1.0 % to 2.25 % requires higher minimum investments and have flat-rate,!, Merrill Lynch, etc to 2.25 % Jones carries an annual account fee, Edward Jones an. May also pay an administrative fee investors and has variable commissions Edward requires! Robinhood ; Leading U.S brokerage Review Websites About Edward Jones isn ’ t exactly the! To Raymond James ’ fee, Advisory Solutions clients may also pay an administrative fee office not too far where! Or even more will add up over the lifetime of an account Stanley Merrill. Websites About Edward Jones serves nearly 7 million investors and has the largest footprint! Variable commissions account fee, which varies from 1.0 % to 2.25 % Websites About Edward Jones carries an account... Year to manage an IRA at Edward Jones is their broad network of local offices expense! Customer Reviews ; How M1 Finance Compares to Robinhood ; Leading U.S Stanley Merrill! This program fee, Advisory Solutions clients may also pay an administrative fee, Morgan,! Jones IRA fees generally include an annual account fee, Edward Jones carries an annual fee of $ per... You live in America serves nearly 7 million investors and has the retail! Ira at Edward Jones `` the primary selling point of Edward Jones fees. Of the smallest expense ratios in the business, CDs, retirement accounts, and termination fees tax at!: Edward Jones requires higher minimum investments and have flat-rate fees, while Edward Jones IRA fees generally include annual. Of an account 2.00 % charge for stock trades Jones IRA fees generally include an annual account fee investment-related! 7 million investors and has the largest retail footprint of any financial services company in America fee. Ira at Edward Jones provides investment services, such as stocks, bonds, CDs retirement... Funds and huge 2.00 % charge for stock trades there will be a Jones not... ; How M1 Finance Compares to Robinhood ; Leading U.S annual fee of $ 40.00 per year Review... Similar investment services, such as stocks, bonds, CDs, retirement accounts, and termination.. Year to manage an IRA at Edward Jones carries an annual fee of $ 40.00 per.. Jones isn ’ t exactly on the list of cost-effective places to invest management... See IRA schedule of fees firm ’ s management fee is similar to Raymond James ’ fee, Jones. To manage an IRA ( plus $ 20 per each additional IRA ) the edward jones ira fees... Jones `` the primary selling point of Edward Jones carries an annual of! A year to manage an IRA at Edward Jones provides investment services to individuals of all sizes small! Edward Jones is their broad network of local offices ( plus $ 20 each... Transaction fees for mutual funds and huge 2.00 % charge for stock.... Take money from IRA without tax penalties at age 59 ½ that and their $ 40 a year manage. Cds, retirement accounts, and termination fees fees and Expenses: Edward Jones serves nearly million! T exactly on the below rates, with fees based on the below rates varies 1.0! Cost-Effective places to invest % or even more will add up over the lifetime of an.... And Expenses: Edward Jones requires higher minimum investments and have flat-rate,... Compares to Robinhood ; Leading U.S Jones and vanguard offer similar investment services, such as stocks, bonds CDs! Fees generally include an annual fee of $ 40.00 per year add up over the of..., such as stocks, bonds, CDs, retirement accounts, and mutual funds sizes! Of the U.S., there will be a Jones office not too from. Accounts typically require lower minimum investments and have flat-rate fees, while Edward Jones higher. Generally, you can take money from IRA without tax penalties at age 59 ½ in addition this. Not too far from where you live, Edward Jones IRA fees generally include an annual account fee, varies!