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Edward Jones

Leading investment and brokerage firm.

Headquarters: 12555 Manchester Road
Saint Louis, MO 63131

Employees: 36,974
CEO: James Weddle
Privately held partnership

Website: http://www.edwardjones.com

Career Site

Edward Jones is a leading investment and brokerage firm serving nearly seven million customers with 12,000 financial advisors worldwide. The firm is known for providing personalized service to individual investors.

Edward Jones offers customers long-term investment opportunities that include a broad mix of municipal, government and corporate bonds; mutual funds; common stocks; and tax-advantaged securities.

USA: Edward Jones has its headquarters in St. Louis, with nearly 11,000 offices spread across all 50 States. The company has more branch offices than any other brokerage firm in the country.
Canada: Over 550 branch locations since its Canadian affiliate, Edward Jones Canada, opened its first office in 1994.

Edward Jones was ranked No. 4 in The Best Companies to Work for in America list by Fortune magazine in 2014.

The company's parent company is Jones Financial which reported total revenues of $5.71 billion in 2013.

History

1922, Edward Jones was established to treat clients fairly by selling appropriate, high-quality investments. The firm's offices open in downtown St. Louis, the heart of the city's financial district.

1941 - Edward D. Jones Sr. purchases a seat on the New York Stock Exchange for $21,000, one of the lowest prices ever paid for an NYSE seat. Seats had sold for as high as $625,000 in 1929, the year of the stock market crash.
 
1941 - The firm Mr. Jones founded is restructured as a partnership to comply with the New York Stock Exchange requirement that member firms have more than one company principal.
 
1943 - Edward D. Jones & Co. merges with Whitaker & Co., a 72-year-old brokerage firm in St. Louis.

1977 - Edward Jones reaches 200 offices.

1979 - Edward Jones enters the computer age by replacing Teletypes with Burroughs computer terminals and printers.

1995 - Edward Jones buys Boone National Savings and Loan in Columbia, Missouri. The acquisition enables Edward Jones to offer trust services to clients.

2009 - The company sold its UK Operations to Towry Law.

Benefits

Compensation Program
All Edward Jones associates are eligible for three types of compensation:

1. Salary or Hourly Pay - Follows firm guidelines based on target market position, level of responsibility and performance.
2. Bonus Opportunities - Based on profitability of the firm and individual performance.
3. Profit Sharing - Annual contribution made to all eligible associates which allows them to share in the success of the firm.

Other benefits include:

- Comprehensive medical and dental benefits
- Life insurance
- Paid sick leave
- Paid holidays and vacation
- 401(k) pre-tax and after-tax contribution options
- Disability benefits
- Tuition reimbursement
- Internal/external training courses
- Security purchases with discounted commissions
- Firm ownership (partnership) opportunities

Updated October 28, 2014