Ask questions via Twitter. Tweet any question to @AskFiLife and we will respond with an answer. More.

FiLife - In partnership with The Wall Street Journal

Your Financial LifelineTM

In partnership with The Wall Street Journal
 
 

Mutual Funds from Edward Jones

Edward Jones offers its customer access to thousands of mutual funds. In addition, the firm designates the following seven fund families as "preferred': American Funds, Franklin Templeton, Goldman Sachs Funds, Hartford Mutual Funds, Lord Abbett Funds, Oppenheimer Funds and Van Kampen Investments. Remember, these preferred fund families run some great portfolios but they're also in a profit sharing agreement with Edward Jones.

Mutual Funds Reviews

Sort by:
chennington
Newcomer
1.0

Mr. Colin Postlewaite
Edward Jones Compliance
1245 JJ Kelley Memorial Drive
St. Louis, Mo 63131-3600

Dear Mr. Postlewaite:

I am in receipt of your letter dated November 3, 2008. In your letter you have come to the conclusion that Mr. Aaron Chase “acted with nothing but your best interest in mind.” I’m curious as to how you can make that decision when you have only heard his version of the story. Is that how Edward Jones treats all their clients?

The truth is Mr. Chase made an urgent call to me on Friday, October 10, 2008 saying that he must call in my loan by selling my stocks immediately. This is a loan that I had been making monthly payments on. I let him know, under no uncertain terms, that I was not in agreement with the selling of my stocks, but he sold them anyway.

On Tuesday, October 14, 2008, I received a letter from your Consumer Loan Department. In the letter it states that my “margin accounts requires additional equity of $1,532.00. This call amount is due by 12 p.m. CST, Wednesday, October 15, 2008.”

Mr. Postlewaite, Mr. Chase sold all my stocks. He gave me no options as your headquarters did. I would have paid the $1,532.00, or why didn’t he just sell enough to pay the additional equity instead of selling all my stocks to pay off my loan? I will never be able to recover my losses. He even left $99 in my loan balance so I still have to pay interest.

Mr. Chase sent me a letter on October 15, 2008 telling me that he will no longer service my account. He is aware that he was in the wrong, and that is why he immediately ran to you for support. I am contemplating legal action for his indiscretion.

Please let me know where I am to find service for my remaining annuities in my Edward Jones account. I look forward to your reply.

Sincerely,

Is this helpful?

Yes

(0)

No

(0)

Permalink | Abuse

Brandi
FiLifer
5.0

I have invested with many jobs that I have been at in the past, but have never felt as confident in a mutual fund as I did when I invested with Edward Jones. They got to know my financial needs first, and then helped me pick the best option for my investment. I would definitely recommend a mutual fund with Edward Jones if you don't know much about investing.

Is this helpful?

Yes

(0)

No

(0)

Permalink | Abuse

ims2008
Newcomer
5.0

I put money into an Oppenheimer fund through Edward Jones, and i don't know how i would have intelligently selected the right fund with out their help. The do a great job of suggesting funds tailored to your investment goals and needs.

Is this helpful?

Yes

(0)

No

(0)

Permalink | Abuse

Rate and Review Mutual Funds from Edward Jones

Generic User Image
Choose a rating from 1 to 5

How we protect your privacy

Login or Join

or login with

Expert Partners

Ask a Question

140 characters

Follow FiLife