Can You Keep Edward Jones Investments When Moving Abroad?

Various?brokerages in the US like?Edward Jones?limit or terminate accounts for US expats.

Those?relocating overseas cannot retain their Edward Jones investments or account?amid?institutional guidelines, regulatory pressures, and compliance obligations.

Edward Jones is a Missouri-based financial services company that was rolled out in 1992.

If you want to invest as an expat or high-net-worth individual, which is what i specialize in, you can email me ([email protected]) or use WhatsApp (+44-7393-450-837).

Edward Jones Investments

Moving money out of Edward Jones

Choose where you want to move your money. The majority of brokerages let you start the transfer procedure straight from their platform.?

Fill out the necessary paperwork for a broker-to-broker?transfer if you want to transfer?your assets without first liquidating them.?

However, you might have to offload some of the assets in your Edward Jones account and transfer the proceeds if they can't be moved as-is.

As an alternative, offshore investment accounts can give you access to global markets and certain investments?that aren't available through US-based companies.?

They can help you diversify your holdings, offer some tax breaks, and lower overall risk.?

Does Edward Jones charge a transfer fee?

Edward Jones transfer out fee is $95. This cost covers the complete transfer or cancellation of an account, and is assessed for every account you are moving.

If you choose to use a wire transfer vs a direct account transfer, you’ll pay $100 for international transfers and $25 for domestic ones.

Is it safe to invest with Edward Jones?

Previously, Edward Jones has reportedly scored high in J.D. Power surveys which looked into investor satisfaction.

Nonetheless, the company was sued in 2018 for allegedly pressuring brokers to move clients to more expensive advisory accounts. It also?was subject to a regulatory settlement in 2004 for unreported mutual fund disputes.

Is it smart to invest with Edward Jones?

Not when you’re moving.?

Plus, Edward Jones' fees may be higher vs other investment providers.

Can you switch Edward Jones advisors?

Yes. You can ask to be transferred to another advisor at the firm if you don't think your current one actually fits.?

But for living abroad, it may be more advantageous?to collaborate with specialized advisors who are knowledgeable about international investing and?regulatory?matters.?

Alternatives to Edwards Jones?

If you are considering moving from Edward Jones to Fidelity or moving from Edward Jones to Vanguard, do note that they too experience the same restrictions for expats or those who are living abroad.?

Switching from Edward Jones to Charles Schwab is possible, but you must tread carefully and weigh the risks and costs of doing so.?

If you are looking to invest as an expat or high-net-worth individual, which is what I specialize in, you can email me ([email protected]) or WhatsApp (+44-7393-450-837).

This includes if you are looking for alternatives or a second opinion.

Offshore investments are something to consider and something we can help with.?