Avoid Edward Jones for 529 plans due to high fees (up to 4.25%); transfer existing accounts.

what's glaring to me is I would not do the 529s with Edward Jones. That's just my opinion. They charge extremely high fees, sometimes up to 4.25% just to carry and host those 529s when you can go to a state program or an individually purchased program and not have to pay all of those fees.

That would be the number one thing I would research first is to not use Edward Jones for the 529s. Although I do like the idea, I just personally wouldn't use Edward Jones.

Sorry, Edward Jones, but I would definitely transfer them because they charge really high fees. You have ongoing expenses, maintenance fees, but then also they have their front-loaded fee which is roughly 4% up to 4.25%.

I hate to sound like we're picking on Edward Jones today, but it's just important that your money grows and makes as much as it can for you and not them. And that that's why they could pay all that high rent having an office on every corner. And I just don't think it's a good idea.