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Edward Jones Investments is a private financial services firm based in St. Louis, Missouri, serving individual investors and business owners in the U.S. and Canada. Founded in 1922, it has over 15,000 branch offices, 19,000 financial advisors, and $1.8 trillion in assets under management.
Edward D. Jones (1893-1982) was an American investment banker who founded Edward Jones Investments, a brokerage firm with over 495 branches. He also owned a share of Stag Beer, a brewery company, and served in the U.S. Navy during World War I.
Edward D. "Ted" Jones was the son of the founder of Edward Jones Investments and expanded the firm's branch office system. He also donated to create the Katy Trail State Park and the Prairie Fork Conservation Area in Missouri.
Find out the top 20 asset managers in the world and the largest firms in each region (Africa, Americas, Asia-Pacific, Europe) as of 2023. The list is based on total assets under management and updated from a consulting firm study.
Penny Pennington is the managing partner of Edward Jones Investments, the only woman to lead a major US brokerage firm. She has a bachelor's degree from University of Virginia and an MBA from Kellogg School of Management, and serves on several boards in St. Louis and beyond.
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.
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