Edward D. Jones & Co., L.P. (St. Louis)


Edward D. Jones & Co., L.P. is a large advisory firm based in St. Louis. It manages $328.99 billion of regulatory assets for 3,047,151 client accounts. It has been registered with the SEC as an adviser since 2000 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Edward D. Jones & Co. provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Edward D. Jones & Co.: assets under management

The assets under management (AUM) of Edward D. Jones & Co., L.P. is $328.99 billion. The firm's AUM has grown by 117354% since the beginning of its operation, and $6.63 million of the total AUM is attributable to clients outside of the United States.

The firm manages $167.26 billion in discretionary accounts and $161.72 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $167.8 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $78.88 thousand.
Edward D. Jones & Co. has custody of $96.53 billion in cash and securities for 581,613 clients in total and acts as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 74% of the total AUM. The second-largest asset type is exchange traded securities, which make up 24% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Edward D. Jones & Co., L.P. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Edward D. Jones & Co. serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Edward D. Jones & Co. is individuals with 2,198,881 clients and $226.9 billion of assets under management. Among the 11 most similar advisory firms, Edward D. Jones & Co. has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $327.76 billion for 2,432,089 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Edward D. Jones & Co. doesn't advise any private funds.

Careers at Edward D. Jones & Co., L.P.

The company employs 23,408 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 16,942 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Penelope Pennington joined the executive team most recently as the Chief Executive Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Lawrence Raymond Sobol Chief legal officer 1 Jan 1977 Other 813288
John William Bachmann Chief executive officer 1 Jan 1980 Other 9636
Inc. Edj Holding Company General partner 1 Aug 1987 Other 43-1449982
Steven Novik Chief financial officer 1 Mar 1995 Other 1093602
Pamela Kay Cavness Chief compliance officer 1 Mar 1997 Other 1397826
Norman Lee Eaker Chief operations officer 1 May 1998 Other 1082850
Douglas Elwyn Hill Chief executive officer 1 Jan 2004 Other 245735
James Donald Weddle Chief executive officer 1 Jan 2006 Other 839451
Cynthia Ann Doria Chief legal officer 1 Jan 2006 Other 1237866
Brett Alan Campbell Principal of products, services & marketing 1 Jan 2006 Other 1267738
James A Jr Tricarico Chief legal officer 1 Jul 2006 Other 1672648
Gary Dale Reamey Principal of canadian operations 1 Jan 2007 Other 843601
Timothy John Kirley Principal of uk operations 1 Jan 2007 Other 1090055
Stephen Todd Bee Chief compliance officer of ia 1 Apr 2007 Other 2830492
Kevin Dwayne Bastien Chief financial officer 1 Jan 2009 Other 2766980
Daniel John Timm Principal of financial advisor training & development 1 Jan 2009 Other 1139456
Timothy John Kirley Principal of strategic planning 1 Feb 2010 Other 1090055
Penelope Pennington Principal of client strategies group 1 Jul 2014 Other 4037237
Kenneth Ray Jr Cella Principal of financial advisor talent acquisition, training, & career development, and boa talent acquisition & performance 1 Jul 2014 Other 2089774
Richard David Link Chief compliance officer 1 Dec 2015 Other 2017928
Timothy John Kirley Principal of canada 1 Jan 2016 Other 1090055
Vincent Joseph Ferrari Chief information officer 1 Jan 2017 Other 1961369
Timothy James Ney Principal operations officer 1 Jan 2017 Other 2300399
Christopher Norman Lewis General counsel 1 Jan 2018 Other 5273186
Penelope Pennington Chief executive officer 1 Jan 2019 Other 4037237
Thomas Patrick Curran Principal of branch development 1 Jan 2019 Other 2223955

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
L.L.L.P. The Jones Financial Companies Sole shareholder 1 Aug 1987 75% - 100% 43-1450818

Based in St. Louis

The principal office where Edward D. Jones & Co., L.P. performs its advisory services is located at 12555 Manchester Rd, St. Louis, MO 63131, which is also the mailing address of the firm. An additional office of the firm is in St. Joseph, MO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 314-515-2000 or by fax 314-515-9700. The normal business hours are 8 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at edwardjones.com.