Edward Jones advisors become partners
Andy Van Dam, an Edward Jones financial advisor in Detroit Lakes, has accepted an invitation to become a limited partner in The Jones Financial Cos., the holding company for the St. Louis-based financial services firm.
Julie Field, a senior branch office administrator at Edward Jones in Detroit Lakes, has accepted an invitation to become a limited partner in The Jones Financial Cos., the holding company for the St. Louis-based financial services firm.
George Van Dam, financial advisor, and Cindy Weston, senior branch office administrator of Edward Jones in Detroit Lakes have accepted invitations to increase their limited partnership holdings in The Jones Financial Cos., the holding company for the St. Louis-based financial services firm.
Edward Jones currently employs more than 40,000 associates in all 50 states and through its affiliate in Canada. Under the current partnership offering, 16,000 associates received initial limited partnership offerings or were invited to increase their existing ownership in the firm.
James D. Weddle, the firm's managing partner, said, "Edward Jones is employee-owned. We believe one of the best ways to reward outstanding associates is to offer them an opportunity to share in the ownership of the firm they help build. I'm pleased to say that these associates certainly deserve the limited partnership offering."
The Jones Financial Cos. was created in 1987 to enable the firm to expand into new business areas while allowing it to remain a partnership.
The Jones Financial Cos. owns Edward D. Jones Co., LP, which operates under the trade name Edward Jones, EDJ Leasing Co., the Edward Jones Trust Co., and its international financial services subsidiary, Edward Jones Canada.
Edward Jones provides financial services for individual investors in the United States and, through its affiliate, in Canada. Every aspect of the firm's business, from the types of investment options offered to the location of branch offices, is designed to cater to individual investors in the communities in which they live and work. The firm's 12,000-plus financial advisors work directly with nearly seven million clients to understand their personal goals -- from college savings to retirement -- and create long-term investment solutions that emphasize a well-balanced portfolio and a buy-and-hold strategy.