Edward Jones reaches $1 trillion in assets under care
ST. LOUIS — Financial services firm Edward Jones recently reached $1 trillion in assets under care, a milestone that puts the company among the largest financial services firms in the United States.
“This milestone reflects the growth of our firm as we serve new clients, as well as our ability to deeply understand our clients’ comprehensive financial needs and help them meet multiple goals. Our firm was founded in 1922 and our first branch office opened in 1957. Since then we have grown to more than 15,000 financial advisors who are backed today by the resources of a Fortune 500 firm,” said Edward Jones Managing Partner Jim Weddle. “We have increased our ability to serve more clients as we simultaneously use our resources to enhance the experience they receive.”
He said the achievement is a vote of confidence in the firm’s unique partnership model, where the associates doing the work have the potential to share in the firm’s ownership. As a partnership owned by its current and former associates, the firm can more easily make long-term decisions to better serve clients without having to focus on producing quarterly profits for shareholders. The firm provides financial advisors an opportunity to build and run their own practices, in local communities and major metropolitan areas across the country.
“We continue to grow toward 20,000 financial advisors because we believe we can make a significant difference in the lives of our clients,” Weddle said. “Our opportunity to serve serious, long-term, individual investors through personal relationships is unlimited — and we continue to recruit, train and support diverse and talented individuals from both other firms and those new to our industry.”
About Edward Jones
Edward Jones is a Fortune 500 company headquartered in St. Louis. Visit www.edwardjones.com. Its recruiting website is www.careers.edwardjones.com.
