Edward Jones Ranked No. 1 in Survey
For the 17th consecutive year, Edward Jones ranked No. 1 in Registered Rep. magazine's annual survey of the nation's five largest financial services firms, according to Craig Stokes, a financial adviser in Southern Pines.
The magazine randomly selects financial advisors nationwide and asks them to rank their firms in various categories.
Edward Jones' overall score was 9.4 out of 10 possible points. The overall average for all firms was 7.6. The firm scored highest in all of the 17 categories ranked, including overall work environment and compensation, senior management, overall ethics and public image.
"I am delighted that our financial advisors feel that good about the Edward Jones opportunity, that good about our firm and our values and the focus we place on individual investors and providing them with excellent client service," said Edward Jones Managing Partner Jim Weddle. "It is an honor that we earn every day."
Ninety-eight percent of the Edward Jones financial advisors surveyed said they work for the "best firm," while 97 percent said they'll be at Edward Jones two years from now, according to the trade magazine.
"Considering the extraordinary challenges we have faced in the economy and our industry, this ranking is especially meaningful to us this year," said Stokes. "We consider it a vote of confidence in the value of our business model and our core value of working together in partnership."
Edward Jones provides financial services for individual investors in the United States and 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, it said in a news release.
The firm's 12,000-plus financial advisers work directly with nearly 7 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. Edward Jones embraces the importance of building long-term, face-to-face relationships with clients, helping them to understand and make sense of the investment options available today, the news release said.
Edward Jones is headquartered in St. Louis. The Edward Jones Web site is located at www.edwardjones.com, and its recruiting Web site is www.careers.edwardjones.com.
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