Pros: Great for bonds. Won't take advantage of you.
Cons: You can easily do better if stock mutual funds are your primary interest.
I've had my own Edward Jones account for 20 years and more importantly have seen portfolios (largely bonds) put together for my mother in-law and aunt over a 40 year time frame. All have had different representatives. Bottomline: I trust Edward Jones to do a good job recommending suitable investments and not taking advantage of you. If you're interested in stock mutual funds you'll do much better if you have the ability/knowledge to do it yourself with Schwab or TD Ameritrade (and perhaps others that I haven't had experience with). Note that it is quite easy to put together a great portfolio with only 2 funds: you would have easily beaten 99.9% of all mutual funds over the last 10 years by simply buying a 50/50 mix of VBMFX and VTWSX (no load funds) or equivalent. But don't take my word for it; check it out for yourself. If you do so, you may want to substitute UMBWX for VTWSX to get a longer price history that has very similar performance. At Edward Jones you'll be sold funds with which funds Ed Jones has a conflict of interest (see the fine print that they now include after having incurred large fines). This however doesn't mean necessarily that the "conflicted" funds are bad. In fact, I believe that a very good fund on a risk adjusted basis that Jones sells on this "confilicted" basis is FCISX; but if you overlay the performance of FCISX and the 50/50 mix above I think you'll want to do it yourself with the 50/50 mix.