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Edward Jones was founded by Edward D. Jones in St. Louis, Missouri in 1922. [6] A different Edward D. Jones was a co-founder of Dow Jones . [ 13 ] ) Edward Jones' son Edward D. "Ted" Jones was responsible for the creation of the individual branch network, which has spread across rural communities, suburbs and metro cities throughout the US and ...
In 1942, Jones paid $21,000 plus $4,000 in transfer fees for a seat on the New York Stock Exchange. [8] In 1943, Edward D. Jones & Co. merged with Whittaker & Co., which was established in 1871 and was then the oldest brokerage firm west of the Mississippi River.
Distribution and service fees are fees paid by the fund out of fund assets to cover the costs of marketing and selling fund shares and sometimes to cover the costs of providing shareholder services. They are also called 12b-1 fees after section 12 of the Investment Company Act of 1940. "Distribution fees" include fees to compensate brokers and ...
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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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