History of Edward Jones Investments in Timeline

Edward Jones is a financial services firm headquartered in St. Louis, Missouri. Established in 1922, the company is known for its branch-office brokerage model. In 2022, Edward Jones reported having approximately 55,000 employees, $12.3 billion in revenue, and $2.2 trillion in assets under management, marking it as a significant player in the financial services industry.

1922: Edward Jones Founded

In 1922, Edward Jones Investments was founded in St. Louis, Missouri, pioneering the branch-office brokerage model in the United States.

December 22, 2004: Edward Jones Settles SEC Enforcement Proceedings

On December 22, 2004, Edward Jones settled enforcement proceedings with the Securities and Exchange Commission, NASD, and the New York Stock Exchange, paying a $75 million fine for failing to adequately disclose revenue sharing payments related to mutual fund recommendations. The company disclosed the revenue sharing payments on its website.

2009: Edward Jones Sells UK Division

In 2009, Edward Jones sold its United Kingdom division to 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: Josh Hawley Elected

Since Senator Josh Hawley was elected in November 2018, the Edward Jones PAC made two 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 first woman to lead a major U.S. brokerage firm.

April 2019: Edward Jones PAC Contribution

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

2020: Fortune Ranking in 2020

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