April 28, 2026
Jason Diamond Quoted
By Tobias Salinger
Perhaps Edward Jones earns a disproportionate share of the attention around conflicts of interest, but the subject comes up with almost any former Edward Jones advisor when they talk about leaving the firm.
The conversation around funds at Edward Jones speaks to the issue of portability for advisors’ clients, as in, “How am I going to move them, and how am I going to have to pay to have those assets managed elsewhere?” said Jason Diamond, the president of advisor recruiting firm Diamond Consultants. In that practice, as well as the incentives for proprietary funds or the products of firms that pay revenue sharing and the use of retention tactics that include litigation, Edward Jones isn’t alone in the industry. But that further contributes to the difficulty of getting many people to comment on those topics publicly.
“The firm is litigious — they have a reputation,” Diamond said. “Most advisors, if anything, are trying to fly under the radar when they leave. You don’t want to poke the bear.”
These dynamics have become more visible with departures from Edward Jones increasing in the past year.
