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The Jones Financial Companies, L.L.L.P.

 
Hoover's Profile: The Jones Financial Companies, L.L.L.P.
Contact Information
The Jones Financial Companies, L.L.L.P.
12555 Manchester Rd.
Des Peres, MO 63131
MO Tel. 314-515-2000
Fax 314-515-2622

Type: Private - Partnership
On the web: http://www.edwardjones.com
Employees: 38,100
Employee growth: 11.1%

This isn't your father's broker. Well, maybe it is. The Jones Financial Companies is the parent of Edward Jones, an investment brokerage network catering to individual investors. Serving some 7 million clients, the "Wal-Mart of Wall Street" has thousands of satellite-linked offices in all 50 states (mainly in rural communities and suburbs), plus Canada and the UK. Brokers preach a conservative buy-and-hold approach, offering relatively low-risk investment vehicles such as government bonds, blue-chip stocks, and high-quality mutual funds. The company also sells insurance and engages in investment banking, underwriting and making markets for corporate securities and municipal bonds.

Key numbers for fiscal year ending December, 2007:
Sales: $4,146.9M
One year growth: 17.9%

Officers:
CEO and Managing Partner: James D. (Jim) Weddle
CFO: Kevin Bastien
CIO: Vinny Ferrari

Competitors:
Charles Schwab
FMR
Raymond James Financial

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