Edward Jones
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.
Ex-Jones Broker Suspended for Attempting DIY Settlement with Client
Finra also fined the Iowa-based broker $5,000 for trying to settle the claim without his firm’s knowledge.
Edward Jones Profit Jumped 18% in 2020, Broker Count Fell in Q4
Biggest brokerage firm by number of advisors says its force fell by more than 100 in fourth quarter, but 2020 revenue and profit grew due to rising markets and expense cuts.
Edward Jones Wins TRO Against Ameriprise Broker
Jones wins approval to keep South Carolina advisor with five years of experience from soliciting former clients to his independent brokerage practice.
Edward Jones Broker Count Up 5%, Firm Pauses Branch Growth
The largest brokerage firm by headcount added 181 advisors in the third quarter and 837 in the past year, but warned of a new-office slowdown amid virus uncertainty.
