One North Jefferson
St. Louis, MO 63103
CEO: Robert Bagby
Subsidiary of Wachovia Bank
A.G. Edwards is a national, full-service
brokerage firm with more than 6,500 financial consultants in
over 700 offices nationwide and in Europe.
A.G. Edwards is a member of all major stock,
option and commodity exchanges.
On October 1, A.G. Edwards was officially
acquired by Wachovia Bank for $6.8 billion. Wachovia's combined
retail securities business, headquartered in St. Louis, will
have a national footprint of 3,350 brokerage locations, including
1,500 dedicated retail brokerage offices nationwide, in addition
to maintaining service affiliate offices in five Latin American
countries. A.G. Edwards' investment banking business will be
combined with Wachovia Capital Markets LLC.
The company has been named one of the 100
Best Companies to Work For in America by Fortune magazine.
General Albert Gallatin Edwards retired
from his post of assistant secretary of the Treasury for the
sub-Treasury bank in St. Louis (a precursor to the Federal Reserve).
He founded A.G. Edwards and son in 1887 with his eldest son,
Benjamin Franklin Edwards.
The company purchased a seat on the NY
Stock Exchange in 1898.
Retirement and Profit Sharing [401(k)]
A.G. Edwards' 401(k) plan has long
been considered one of the best in the financial services industry.
Our exceptional plan offers a wide variety of investment options
and gives employees control over their accounts.
· Employees can contribute
1% to 50% (up to IRS limits) of their calendar-year earnings
on a pretax and/or after-tax Roth basis. Employees aged 50 and
older can also make additional catch-up contributions (up to
· Significant firm contributions consist of three
components (employees are not required to contribute to receive
· Required component -- 5% of employee earnings
· Profit sharing component -- Additional discretionary
percentage based on the firm's profits
· A.G. Edwards stock component -- Up to 1%
discretionary contribution of A.G. Edwards stock
We offer three medical plan choices
for our employees and their families, including a low premium
high deductible health plan with an optional Health Savings Account.
All of our medical plans:
· Offer comprehensive medical
· Provide protection from catastrophic (high-dollar)
· Do not have a lifetime coverage limit
· Offer in-network and out-of-network benefits
· Use a nationwide network of PPO providers
· Include prescription drug coverage
We offer two dental plan alternatives:
a basic plan and an expanded plan. Both plans offer employees
the flexibility of choosing their own dentists and specialists.
Our vision plan offers affordable,
quality vision care from a large nationwide network of providers.
Employees can choose to use in-network and out-of-network benefits.
Flexible Spending Account
Our flexible spending account lets
employees use pretax contributions to pay for health care or
dependent care expenses not reimbursable under other group benefit
Life, Disability, Accident and Long-Term
Care Insurance Plans
· Basic Group Life Insurance
Plan -- We provide company-paid basic group life insurance
to all employees and their dependents. This plan provides employee
coverage equal to their annual earnings, up to $100,000. The
dependent benefit is $1,000 per dependent.
· Employee Group Variable Universal Life Insurance
Plan -- Our optional employee-paid employee group variable
universal life plan provides employee coverage up to $2.5 million.
This plan also offers an optional tax-advantaged investment opportunity
within the plan.
· Dependent Supplemental Term Life Insurance Plan
-- Our optional employee-paid dependent supplemental term life
plan provides dependent coverage up to $250,000.
· Long-Term Disability Insurance Plan -- Our
optional employee-paid long-term disability plan provides protection
against loss of income due to illness or injury if unable to
work for more than 90 days. Two coverage alternatives are available:
50% or 60% of earnings.
· Business Travel Accident Insurance Plan
-- We provide company-paid accidental death, paralysis or dismemberment
insurance to all employees who travel on company business.
· Accident (AD&D) Insurance Plan -- Our
optional employee-paid accident plan covers accidental death,
paralysis or dismemberment. This plan provides employee coverage
up to $1 million. Dependent coverage is also available.
· Long-Term Care Plan -- Our optional employee-paid
long-term care plan provides a monthly benefit to an individual
who needs long-term care. Employees choose from several plans
and options that provide flexibility about how and where they
receive care. Extended-family-member coverage is also available.
Updated November 18, 2007