OP, if you didn't get it from Canadian Couch Potato already, there are three options to (sort've) DIY; from easiest to hardest:
Get ONE FUND with Tangerine. Balanced Growth is good, in that it is 1/4 each of Canadian, US, International stocks, and Canadian bonds. It has a 1% MER and that's it. It is broad based, diversified, etc.
More tricky, but not much, is TD eSeries funds. The MER on these is about 0.35%. But you have to buy 4 funds. And rebalance back to your preferred asset allocation yourself.
Another step up in difficulty is opening an account with a discount brokerage (there are a dozen or maybe more; find one thats structure fits you. If you want margin, lots of foreign exchanges and so on - Interactive Brokers is hard to beat. For what you probably want, I find Questrade to be ideal as there is no cost to buy, and selling is only $5-10 each transaction). You will have to select ETFs (exchange traded funds) yourself, and as with TD, rebalance. In addition, you have to initiate all buys and sells yourself - where with mutual funds you can have automatic withdrawals from your bank account AND HAVE THAT MONEY INVESTED.
TL;DR: GET THAT MONEY OUT OF Edward Jones and in to Tangerine or TD ASAP. They are robbing you blind (though they think they are doing you well.. maybe).
"Beat the TSX" is bullshit because the TSX is 4% of GLOBAL market cap. It is that that you should compare against, and the TSX hasn't done that well lately.