History of Edward Jones Investments in Timeline

Edward Jones, founded in 1922 by Edward D. Jones Sr., is a financial services firm headquartered near St. Louis, Missouri. The company operates extensively in the United States and Canada. Edward Jones focuses on serving individual investors and small businesses through a large network of branch offices.

1922: Edward Jones Founded

In 1922, Edward D. Jones Sr. founded Edward Jones Investments, a financial services firm, in the St. Louis, Missouri area.

December 22, 2004: Edward Jones Settles SEC Enforcement Proceedings

On December 22, 2004, Edward Jones settled enforcement proceedings with the Securities and Exchange Commission (SEC), NASD, and the New York Stock Exchange related to allegations of inadequate disclosure of revenue sharing payments. The company paid a $75 million fine.

2009: Edward Jones Sells UK Division

In 2009, Edward Jones sold its United Kingdom division to the British brokerage firm Towry Law after operating there for 10 years.

August 13, 2015: Edward Jones Fined by SEC for Overcharging Customers

On August 13, 2015, the Securities and Exchange Commission required Edward Jones to pay a $20 million fine for overcharging retail customers.

November 2018: Edward Jones PAC Contribution to Senator Hawley

In November 2018, after Senator Josh Hawley was elected, the Edward Jones PAC began making contributions to him.

January 2019: Penny Pennington Appointed Managing Partner

In January 2019, Penny Pennington was appointed as the managing partner of Edward Jones, becoming the firm's sixth managing partner and the only woman to lead a major U.S. brokerage firm.

April 2019: Edward Jones PAC Contribution to Senator Hawley Luncheon

In April 2019, the Edward Jones PAC contributed $2,500 to a luncheon for Senator Josh Hawley.

2020: Fortune Ranks Edward Jones

In 2020, Fortune magazine ranked Edward Jones at number seven on their Fortune List of the Top 100 Companies to Work For based on an employee survey of satisfaction.

2020: Edward Jones PAC Contribution to Senator Hawley Virtual Event

In 2020, the Edward Jones PAC contributed $1,000 to a virtual event for Senator Josh Hawley.

January 2021: Edward Jones Pauses Political Contributions

In January 2021, Edward Jones paused all contributions to elected officials and political organizations.

2021: Fortune Ranks Edward Jones

In 2021, Fortune magazine ranked Edward Jones at number 20 on their Fortune List of the Top 100 Companies to Work For.

2022: Edward Jones Advisor Count

At the end of 2022, Edward Jones had 18,796 advisors on staff.

2022: Edward Jones Broker Count and New Teaming Program

In 2022, Edward Jones had 18,892 brokers on staff and launched a teaming program that allowed multiple branches to service clients.

2025: Edward Jones in 2025

As of 2025, Edward Jones employed about 55,000 people, reported revenue of $16.3 billion, and managed client assets of approximately $2.2 trillion. Edward Jones ranks #260 on the Fortune 500 list.