Edward
Jones
Leading investment
and brokerage firm.
Headquarters:
P.O. Box 66906
St. Louis, MO 63166-6906
Employees: 27,092
Managing Partner: James Weddle
Privately held partnership
Website:
http://www.edwardjones.com
Career Site
Edward Jones is a leading investment and
brokerage firm serving more than six million customers with 9,300
locations worldwide. The firm is known for providing personalized
service to individual investors.
Edward Jones offers customers long-term
investment opportunities that include a broad mix of municipal,
government and corporate bonds; mutual funds; common stocks;
and tax-advantaged securities.
USA: Edward
Jones has its headquarters in St. Louis, with 8,600 offices spread
across all 50 States. The company has more branch offices than
any other brokerage firm in the country.
Canada: Over 565 branch locations since its Canadian affiliate,
Edward Jones Canada, opened its first office in 1994.
UK: Edward Jones Limited began doing business in the UK,
in the Spring of 1998. Almost 125 branches are now operating
in the UK.
The company reported over $4.0 billion
in assets at the end of 2005.
Edward Jones has been named one of The
Best Companies to Work for in America by Fortune magazine for
seven consecutive years.
History
1922,
Edward Jones was established to treat clients fairly by selling
appropriate, high-quality investments. The firm's offices open
in downtown St. Louis, the heart of the city's financial district.
1941 - Edward
D. Jones Sr. purchases a seat on the New York Stock Exchange
for $21,000, one of the lowest prices ever paid for an NYSE seat.
Seats had sold for as high as $625,000 in 1929, the year of the
stock market crash.
1941 - The firm Mr. Jones founded is restructured as a
partnership to comply with the New York Stock Exchange requirement
that member firms have more than one company principal.
1943 - Edward D. Jones & Co. merges with Whitaker
& Co., a 72-year-old brokerage firm in St. Louis.
1977 -
Edward Jones reaches 200 offices.
1979 -
Edward Jones enters the computer age by replacing Teletypes with
Burroughs computer terminals and printers.
1995 -
Edward Jones buys Boone National Savings and Loan in Columbia,
Missouri. The acquisition enables Edward Jones to offer trust
services to clients.
Benefits
Compensation Program
All Edward Jones associates are eligible for three types of compensation:
1. Salary or Hourly Pay - Follows firm guidelines based on target market
position, level of responsibility and performance.
2. Bonus Opportunities - Based on profitability of the
firm and individual performance.
3. Profit Sharing - Annual contribution made to all eligible
associates which allows them to share in the success of the firm.
Other benefits include:
- Comprehensive medical and dental benefits
- Life insurance
- Paid sick leave
- Paid holidays and vacation
- 401(k) pre-tax and after-tax contribution options
- Disability benefits
- Tuition reimbursement
- Internal/external training courses
- Security purchases with discounted commissions
- Firm ownership (partnership) opportunities
Updated August 5, 2006
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