Edward Jones
After $34 Mln Settlement with Edward Jones, Wayne Bland Reckons with Future of Diversity in Wealth Management
Wells Nabs Two Ed Jones Brokers with $1.2-Mln in VT, Loses Solo Producers in IL, SC
Morgan A. Adams and Matt Calhoun, who had spent their entire careers at Edward Jones, left last month for Wells Fargo, which lost solo producers in Illinois and South Carolina.
As Advisory Accounts Soar, Edward Jones’ Dependence on American Funds Shrinks
Sales of Capital Group’s American Funds accounted for 11% of Jones’ revenue in the second quarter, down nearly half from 20% five years ago.
Edward Jones’ Headcount Slide Continues
Thanks to a hiring freeze during the pandemic and a revamped training strategy, Jones’ usually fast-growing broker count fell 1.6% to 18,855.
Edward Jones Sets 2025 Diversity Targets for Advisors, Executive Ranks
“The scary part–and I’ll just be perfectly open–about putting those numbers out there, is what if we don’t quite make them,” CEO Penny Pennington conceded.
Edward Jones Fires Broker Over Violation of Covid Policies
Brokers’ firing over “failure to follow firm Covid policy” highlights the broad challenges that firms face in enforcing covid policies across their disparate sales forces.
Ed Jones Restrains Texas Broker Who Set Up RayJay Shop Next Door
A federal judge granted Edward Jones’ TRO request against Russell R. Riggan, and scheduled a June 7 hearing on the brokerage’s motion for preliminary injunction.
Merrill Reopens Offices to 10%, Wells Ups Capacity to 40% as Pandemic Restrictions Thaw
Both firms are targeting full reopening after Labor Day.
Edward Jones Headcount Slips as Firm Revamps Hiring
Advisor roster shrank slightly, less than 1% year over year, as the company said that it was more focused on qualitative metrics than adding new hires.
Fired Edward Jones Broker Claims Sexual Harassment, Wrongful Termination
A former Edward Jones financial advisor in Texas claims in a lawsuit that she was fired following a “forced sexual encounter” with another advisor during her training.
Exclusive: Edward Jones Pilots Shared Office Space for Brokers
In break from its longstanding single-broker branch model, financial advisors will be able to co-locate under a new program Edward Jones is testing and that is being rolled out to select advisors this week.
Edward Jones to Settle Race Discrimination Suit for $34 Million
The case, brought in 2018, alleged “widespread” discrimination against Black advisors and focused on Jones’ practice of recouping training costs and its inherited account programs.
