Fees
How often do clients make fee payments?
Monthly
What is the necessary account minimum for Guided Flex?
$25,000
What is the current cancelation fee for guided fund accounts?
There is no fee
Can you send the "Making Good Choices" brochure home with a perspective client?
Yes
What is the current Federal Funds Rate
2.5%
What is the minimum monthly program fee for guided flex accounts?
$10
What does ACH stand for?
Automated Clearing House
How often is a fund account required to be rebalanced?
Annually
True or false, a Pre-proposal is required for a Guided Solutions Flex Account proposal from the Proposal Tool
false
How many FA's currently work in the U.S.?
348,122
Financial advisors have flexibility to discount the Guided Solutions Program Fee up to ______% and financial advisor payout will not be reduced
20
When selling ineligible investments in a guided flex account, what's the earned commission (%) for the advisor?
Zero
What is the account minimum for a guided fund account?
$5,000
Where is a trade error displayed if it is made by an EDJ advisor? (and it is sold at a loss)
It is displayed on their profit/loss statement.
What is the average age of Financial Advisors in the U.S.?
51 years old
How much is the minimum monthly fee for Guided Solutions Fund Account for SEPs, SIMPLEs and Owner Ks that have not yet reached a $5,000 balance
$4
What are the two requirements to open a guided flex account?
1) Written client service agreement
2) Minimum initial investment
How long does it take to liquidate the assets in a guided fund account following the trades?
2 days
What does Edward jones do with the gains on a trading error in a guided account?
Donate the proceeds to a charity of EDJ's choosing
What state has the highest average income for FA's?
What state has the lowest average income for FA's?
New York ($166,000)
Vermont ($76,050)
What is the pecking order of liquidation that EDJ will sell off in order to pay for program fees if there are insufficient funds in the appropriate money market fund?
1) Mutual Funds
2) ETF's and Equities
3) Fixed Income.
What is the annual fee rate for guided flex accounts between $5-$10 million?
0.60%
What three investments can't you hold in a fund account that you can hold in a flex account?
CD's, Stocks, Individual bonds.
If frequent trading occurs for _________ or more months in a guided account, you may be removed from the account.
3 months
What is the median asking price for a home in the U.S?
300K