Edward D. Jones & Company L.P. - Introduction

Introduction

P.O. Box 66906
St. Louis, Missouri 63166-6906
U.S.A.
Telephone: (314) 515-2000
Toll Free: (800) 343-8000
Fax: (314) 515-3269
Web site: http://www.edwardjones.com

Wholly Owned Subsidiary of The Jones Financial Companies
Incorporated: 1922
Employees: 8,500 (est.)
Total Assets: $3.47 billion (2003)
NAIC: 523120 Securities Brokerage; 523920 Portfolio Management; 524210 Insurance Agencies and Brokerages

Edward D. Jones & Company L.P. is one of the world's largest brokerage networks, with more than 8,000 offices across the United States, Canada, and England. Almost all Jones offices are one-person affairs, and the firm aims primarily at individual investors who have relatively small accounts. Until the 1980s, Edward Jones offices were found exclusively in rural areas, but the firm expanded into suburbs as well as into big cities, including Chicago and Detroit. Jones brokers specialize in low-risk investments, and its customers are usually in the market for the long haul. While the average mutual fund customer buys and sells a fund every three years, Jones customers on average hold on for 20 years. On several lists maintained by Forbes and other business publications, Edward Jones consistently ranks among the top companies to work for in the United States and Canada.