Edward Jones Branch Development Head Tom Curran to Retire–Filing
Thomas P. Curran, Edward D. Jones & Co.‘s head of branch development, is retiring after 29 years at the company, according to a Securities and Exchange Commission filing on Tuesday.
Curran had joined Edward Jones in 1992 as a financial advisor and was elevated to principal in 2006, the company said. He had also previously led advisor talent acquisition, the “service division” and acted as the banking services global leader and a regional leader for the field.
A spokesman for St. Louis-based Edward Jones, the largest firm by its more than 19,000 brokers, said a replacement has not been named.
In January 2019, Edward Jones managing partner Penny Pennington promoted Curran, who was 58 at the time, to Jones’ Executive Committee, which includes around seven of the most senior executives, according to an earlier filing and the company’s website.
The announcement comes at a time when Jones, known for its single-broker branch office model, has been piloting some new tactics under Pennington, including a revamp of its training program that the company said could result in a hiring slowdown but is expected to improve graduation rates and diversity in the ranks.
It is also testing a policy that would allow brokers to cohabitate, although they would still not be allowed to team up.
Like many of Jones’ senior executives, Curran had spent his career with the company. He started as an advisor in Brighton, Michigan in 1992 and moved into a regional leadership role in 2001 overseeing 80 branch teams in northwest Illinois where he “helped the firm grow by hosting an asset-sharing program.”
He relocated to the home office in St. Louis in 2006 when he was named a principal and was responsible for advisor development for brokers in the Northeast, according to his firm bio. He was later promoted to banking services leader and from 2016 to 2018 was responsible for advisor talent acquisition before moving into his current role.