Edward D. Jones & Co., L.P., since 1995 simplified as Edward Jones is a monetary providers agency headquartered in Des Peres, Missouri which serves funding purchasers in the USA and Canada, via its department community of greater than 12,000 locations. The agency focuses solely on particular person traders and small-enterprise homeowners. Edward Jones is a restricted partnership and isn’t publicly traded.
Edward Jones monetary advisors promote fee-primarily based and payment-based mostly monetary merchandise. Workplaces are often staffed by two associates: one Financial Advisor (see Financial Advisor, a licensed broker) and one Branch Office Administrator. The one-dealer-per-workplace mannequin permits purchasers to decide on their dealer immediately and cope with simply that dealer. This mannequin additionally permits the agency to open places of work in areas and cities the place a big workplace staffed by many brokers can be unprofitable.
This model can also be the explanation that Edward Jones at present has the biggest variety of department workplaces amongst brokerage companies in america.