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According to the announcement, “Edward Jones failed to adequately disclose revenue sharing payments that it received from a select group of mutual fund families that Edward Jones recommended to its customers.” The company agreed to “pay $75 million in disgorgement and civil penalties.
Edward Jones serves investment clients in the U.S. and Canada, through its branch network of more than 15,000 locations [7] and 19,000 financial advisors. [8] The company currently has relationships with nearly 8 million clients and $1.8 trillion in assets under management worldwide.
Edward Jones Investments, an investment company (founded 1922, formerly known as Edward D. Jones & Co., L.P.) Edward D. Jones (1893–1982), investment banker, founder of Edward Jones Investments Edward D. "Ted" Jones (1925–1990), his son, businessman and philanthropist
Edward D. Jones & Co. opened its first branch office in 1957, in Mexico, Missouri. [10] Jones turned over the management of the Edward D. Jones & Co. to his son, Ted, in 1968, and reduced his own workload in 1979. [7] However, he continued to insist on being the first person in the office every day until his death in 1982 at the age of 89. [9]
Edward David "Ted" Jones, Jr. (December 18, 1925 – October 3, 1990), the son of the founder of Edward Jones Investments, later ran the firm and built its signature small town brokerage system. He devoted his last years along with his wife Pat Jones to establishing the Katy Trail State Park and the Prairie Fork Conservation Area in Missouri .
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John Beuerlein is a retired financial analyst and philanthropist. Beuerlein spent much of his career at Edward Jones Investments, becoming the youngest person in the firm's history to be promoted to general partner at the age of 26. [1]
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