Edward Jones

CRD#250
Investment Advisor Firm

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Overview

Edward Jones is a financial advisor company that has its headquarters in Saint Louis, Missouri. The firm controls $329.0 billion in total assets across 3.0 million client accounts, making it one of the largest financial advisory firms in the United States by assets under management (AUM). The company has a very large group of 23,408 employees, of which 17,661 are financial advisors. Edward Jones is not a registered broker-dealer, meaning the company cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer company to do so. Securities are defined as tradable financial investments such as equities, options and bonds.

Edward Jones manages some of the company's client assets on a discretionary basis. Discretionary management signifies that buy and sell judgments for the client's account are made by an investment advisor without needing the customer's approval. The firm also administers 2,050,372 non-discretionary accounts totaling $162.0 billion in AUM. The company's typical account size is $107,970. The typical financial advisor at Edward Jones oversees around 173 client accounts.

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

Assets Under Management

$329.0 billion

Number of Advisors

17,661

Disclosures

No

Office Location

12555 Manchester Rd
Saint Louis, MO 63131

Edward Jones by the Numbers

Total Assets Under Management

$329.0 billion

National Average: $3.3 billion
Total Number of Employees

23,408

National Average: 31
Total Number of Accounts

3,047,151

National Average: 1,935
Average Account Size

$108.0 thousand

National Average: $1.7 million

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Products and Services

Edward Jones provides a variety of services, which can include portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services and selection of other advisers. Edward Jones is involved in selling products or offering services aside from investment advisory services to its customers. The company is affiliated with one or more other service providers in the financial services industry, 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 61% 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 for financial advice largely depend on which service is offered. Fees charged by the firm likely include the following fee types: asset-based or other. Edward Jones participates in a wrap fee program, in which the company offers a service bundle for a single fee.

Available

  • Offered by 72% 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

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    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 39% 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 does business with a number of different investors. The company caters to retail investors, high net worth investors, pension plans, charitable organizations, corporations and other. Out of its 3,047,151 accounts, Edward Jones's biggest client group is retail investors, but it also manages money for 218,199 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of more than $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 represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 8.97%
  • Other Individuals - 90.34%
  • Corporations - 0.65%
  • 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

Logan Bryant
Lenoir City, TN
Brooks Farmer
Charleston, WV
Jamie Mladenoff
Hanover, PA
Jessica Millan
Rochester, NY
Samuel Bates
Saint George, UT
Shawn Bulliner
Florence, SC
Gabriel Rockers
Saint Joseph, MO
Craig Dennis
Middletown, CT
Jordan Liskey
Berryville, VA

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This content was compiled from the SEC and FINRA