Jay Jones, an Edward Jones financial advisor in Monticello, has accepted an invitation to become a limited partner in The Jones Financial Companies, L.L.L.P., the holding company for the St. Louis-based financial services firm.
Jones joined Edward Jones in 2017 and has served investors in Monticello and southeast Arkansas for the past six years.
“The Edward Jones firm's business structure is one of a partnership,” Jay Jones stated. “Its associates, both financial advisors and branch office administrators, at certain milestones of their career have the opportunity at the invitation of the company to become a part of the ownership structure as a partner.”
Edward Jones currently employs 50,000 associates throughout the United States and through its affiliate in Canada. This is the firm's 18th limited partnership offering in its 100-year history.
The Jones Financial Companies, L.L.L.P. was created in 1987 to enable the firm to expand into new business areas while allowing it to remain a partnership. The Jones Financial Companies, L.L.L.P. owns Edward D. Jones & Companies, L.L.L.P., which operates under the trade name Edward Jones, as well as other affiliates including the Edward Jones Trust Company, Olive Street Investment Advisors, LLC, Edward Jones SBL, LLC, and an international financial services subsidiary in Canada, Edward Jones an Ontario limited partnership.
Edward Jones is a leading financial services firm in the U.S. and through its affiliate in Canada. The firm's nearly 19,000 financial advisors serve more than 8 million clients with a total of $1.6 trillion in client assets under care in 2022. Edward Jones' purpose is to partner for positive impact to improve the lives of its clients and colleagues, and together, better our communities and society. Through the dedication of the firm's 50,000 associates and our branch presence in 68 percent of U.S. counties, the firm is committed to helping more people achieve financially what is most important to them. The Edward Jones website is at edwardjones.com, and its recruiting website is careers.edwardjones.com. Member SIPC.
