My office (independent) has had some interesting conversations with current and former Edward Jones advisors this last week regarding practices pertaining to their "Advisory Solutions" platform. One advisor cited this as one reason why he left Jones (California), another cited this as one reason he is about to leave Jones (Washington), another confirmed that he has heard this discussed at the "water cooler" (Utah), and an advisor local to us was only willing to say that it wouldn't surprise him if this was the case.(sales practice concern removed by pohsuwed)Not being on the inside I can't confirm that this is true. Likewise, I can't confirm whether it is an advisor-directed scheme or if it comes from the partnership. However, it really wouldn't surprise me if it came from the partnership considering the geographic reach of these conversations. Back in my Jones days the firm would preach how bad wrap arrangements were. Eventually they added one of their own to increase their income on their latent 0.25bp trail assets. With this new revelation they are showing that they are realizing that they still rely on up-front commissions to survive or just that they are greedy and willing to skirt the rules. I just feel bad for the Edward Jones late adopters to "Advisory Solutions" who will be left out in the cold when Jones feels they have enough wrap business and in turn decentivize advisors who still rely on A-share business.I left Jones because I was tired of preaching the company line diligently only to be upended at the next meeting. Yes, everyone needs to expect progress, but when you preach something as adamantly as they do only to change with the next change in the breeze they show their rainbow kool-aid colors. On the independent side, I preach my own beliefs that I'm willing to support, defend, and if necessary, admit that I have changed. It is much more pleasant to function this way than being a minion to the machine.