Edward Jones Investments
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Edward Jones Investments (Officially Edward D. Jones & Co., L.P.) is a brokerage firm based out of St. Louis, Missouri which serves investment clients in the United States, Canada, and the United Kingdom through its branch network of nearly 10,000 locations. The firm focuses solely on individual investors and small-business owners.
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[edit] Business model
Offices are usually staffed by one Investment Representative (a licensed broker), and one Branch-Office Administrator. Occasionally, branches with more business activity may have additional office staff, and/or an additional, newer broker. The one-broker-per-office model allows clients to choose their broker directly and deal with just that broker. This model also allows the firm to open offices in areas and towns where a large office staffed by many brokers would be unprofitable. This model is also the reason that Edward Jones currently has the largest number of branch offices among brokerage firms in the United States.
[edit] Core Principles
- Focused on individual investors
- Emphasizes a long-term philosophy that stresses quality investments and portfolio diversification
[edit] Investment Philosophy
Written by former managing partner John Bachmann, the "Rules of the Road" serves as the basis for Edward Jones' investment philosophy:
- Rule #1: Have a Plan
- Rule #2: Stick with Quality
- Rule #3: Diversify
- Rule #4: Buy to Keep
- Rule #5: Address Mistakes Quickly
- Rule #6: Don’t Be Blinded by Tax Considerations
- Rule #7: Over Time, Quality Stocks Have Outperformed Quality Bonds
- Rule #8: Time in the Market, Not Timing the Market, Matters Most
- Rule #9: Know Yourself
- Rule #10: Review Your Plan Annually
[edit] Awards & Rankings
- Ranked 83 in Forbes list of the nation's 500 largest privately held companies in 2005.
- designated the firm with "Highest in Investor Satisfaction" by J.D. Power and Associates in 2005 and 2006
- named the "Best Full-Service Brokerage" by SmartMoney magazine in August of 2005
- awarded 5-star honors in stock picking, customer satisfaction, Trust, and easy to understand customer statements by SmartMoney magazine in August of 2005
- reported by Barron's magazine that for more than the past seven years, the Edward Jones Model Stock Portfolio's long-term track record beat the performance of the 14 other brokerage firms it surveyed (January 2004).
- named, for the seventh year, one of the "Best Companies to Work for in America" by Fortune magazine in its annual listing. The firm took the No. 16 spot overall in the ranking. The firm also was named to the No. 4 spot for large companies. The seven FORTUNE rankings include top 10 finishes for five years and consecutive number one rankings in 2002 and 2003 (January 2006).
- ranked No. 1 in the independent category on Investment Executive's annual survey of brokers in 2006
- ranked among the best advocates for its customers, according to a national research study of U.S. financial-services firms by Forrester Research in 2004, 2005, and 2006
- ranked No. 1 among the nation's top seven brokerage firms for the 14th consecutive year in 2006
[edit] History
Edward Jones was founded by Edward D. Jones in 1922. A merger with Whittaker and Company in 1941 enables the company to trace its roots back to 1871. Edward Jones' son (Ted Jones) was responsible for the creation of the individual branch network which has spread across rural communities and suburbs throughout the US, Canada, and United Kingdom. Edward Jones Investments has designated naming rights for the Edward Jones Dome (formerly known as the TransWorld Dome and Dome at America's Center) in St Louis.
[edit] Key People
Managing Partners
- Edward D. Jones, Sr. (1922 - 1968)
- Ted Jones (1968 - 1980)
- John Bachman (1980 - 2003)
- Doug Hill (2004 - 2005)
- Jim Weddle (2006 - Present)
Other Key Figures
- Rich Malone
- Pete Key
- Zeke McIntyre
- Al McKenzie
- Jack Phelan
- Darryl Pope
Influential Mentors
