As it restructures, investment firm Edward Jones intends to throw off a number of local people.
” Our home business will be smaller,” said company spokesman Catherine Stengel.
As of 2024, the company had 5, 476 regional staff.
She said the initiative will” strengthen our creative, client-first attitude and alignment with our firm goals,” but she would not go into specifics.
This multi-year program will enable the company to offer excellent views to its clients, coworkers, and communities, as well as ensure we continue to attract and retain ability as the preferred employer for financial advisors and home business associates, according to a speech.
The number of employees who will be affected, their work groups, or a set of deadlines for the cuts were not disclosed by Edward Jones.
The commercial office of Edward Jones is located at 12555 Manchester Road in Des Peres. Additionally, Maryland Heights is where it is located on the north school. In the United States and Canada, it has more than 15, 000 unit offices.
One of Fortune publication’s 100 Best Companies to Work For was Edward Jones last month.
In 2024, according to a filing with the Securities and Exchange Commission in January, Edward Jones had more than 20 000 financial advisors working in more than 16 000 North American departments, serving more than 9 million people in the United States and Canada. Its assets are worth$ 2.2 trillion.
According to the company’s website, Edward Jones started as Edward D. Jones &, Co. in downtown St. Louis in 1922 as a” one area furnished with a desk, three chairs, and a hat rack.”
In a February 2024 meeting with Post-Dispatch publication Ian Caso, managing partner Penny Pennington said,” It’s on every village square in America.”
Pennington claimed in that interview that the company had just established an “artificial brains center of excellence” to look into how the conceptual AI may aid in the detection of fraud, provide training, and improve the effectiveness and efficiency of our financial advisers and tree teams, who deal with 200 to 800 clients annually.
In order to continue running its property management business, Edward Jones submitted an application to contract an associated bank in 2020. Two years later, the app was withwithdrawn.
In 2021, the business was one of 11 of the top companies that created the St. Louis Anchor Action Network and pledged to hire more people of colour from St. Louis and St. Louis County’s high-poverty areas.
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