Edward Jones

CRD#250
Investment Advisor Firm

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Overview

Edward Jones operates as a financial advisor company based in Saint Louis, Missouri. The firm oversees $423.2 billion in total assets over 3.3 million accounts, making it one of the biggest financial advisory firms in the country by assets under management (AUM). It has a very large team of 25,919 employees, including 19,169 financial advisors. Edward Jones does not act as a registered broker-dealer, signifying that the firm cannot buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer firm to do so. Securities are defined as tradable fiscal investments such as options, equities and bonds.

Edward Jones administers 1,067,474 of the company's client assets in a discretionary manner. Discretionary management means that an investment advisor makes transaction judgments without requiring the customer's consent. It also has 2,269,112 non-discretionary accounts totaling $209.6 billion in assets. The advisory firm oversees an average of $126,847 in assets for every customer account. The average advisor at Edward Jones administers about 174 client accounts.

The company's main office is at 12555 Manchester Rd, Saint Louis, Missouri 63131. It is legally permitted to serve customers across 51 U.S. states and territories.

Assets Under Management

$423.2 billion

Number of Advisors

19,169

Disclosures

No

Office Location

12555 Manchester Rd
Saint Louis, MO 63131

Edward Jones by the Numbers

Total Assets Under Management

$423.2 billion

National Average: $3.7 billion
Total Number of Employees

25,919

National Average: 29
Total Number of Accounts

3,336,586

National Average: 2,073
Average Account Size

$126.8 thousand

National Average: $1.8 million

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Products and Services

Edward Jones provides a variety of financial services, which can consist of portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services and selection of other advisers. It is involved in selling products or offering services different than investment advisory services to its customers. Edward Jones also has a number of financial industry affiliations, including with a banking or thrift institution, trust company, insurance company or agency and commodity pool advisor.

Core Advisor Services

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    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 62% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees charged by financial advisors largely vary depending on which services the firm provides the client. Fees billed by the company most likely consist of the following fee types: asset-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the company.

Available

  • Offered by 74% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 12% of firms

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Unavailable

  • Find one of the 35% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 2% of firms that offer this fee type

    Commissions

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    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

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    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 40% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

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Types of Clients

The firm works with a number of different investors. It caters to retail investors, high net worth investors, pension plans, charitable organizations, corporations and other. Out of its 3,336,586 clients, Edward Jones's biggest client group by number of accounts is retail investors, though it also caters to 259,358 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's accounts are from outside of the U.S.

  • High-Net-Worth Individuals* - 9.82%
  • Other Individuals - 89.5%
  • Corporations - 0.64%
  • Charitable Organizations - 0.04%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Edward Jones does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Edward Jones

Marcelo Fallick
Houston, TX
Nicholas Horstman
Williamston, MI
Brian Webb
Madisonville, KY
Ryan Collins
Amery, WI
Danielle Patnode
Erie, CO
Nolan Jeter
Atlanta, GA
Meghan Casey
Milford, NJ
Donald Smith
Suffolk, VA
Zachary Wild
Erie, PA

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This content was compiled from the SEC and FINRA