Edward Jones Aims to Become Largest Broker-Dealer in the Country

Posted on August 5th, 2015 at 9:27 AM
Edward Jones Aims to Become Largest Broker-Dealer in the Country

From the Desk of Jim Eccleston at Eccleston Law LLC: 

Edward Jones has revealed a growth plan that, if successful, will result in the St. Louis based firm shooting past Morgan Stanley and becoming the largest broker-dealer in the country. The plan is laid out over five years, and forecasts that Edward Jones will hire thousands of new advisors. With those new additions, Edward Jones potentially will have highest advisory headcount in the industry.

Edward Jones’ plan has been in the works for a while. Over the last four years, the broker-dealer has added 2,000 new advisors to its ranks, slowly gaining on Morgan Stanley’s totals. Currently, its 14,251 advisors are the second-most in the industry, slightly behind the 15,915 advisors within the ranks of Morgan Stanley.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

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Jim, Stephany and the whole team were a God send.  We felt like we were put into a situation where we had no advocate. Jim’s team came in with a strong, well laid out strategy on how to get our story heard. Where our outside compliance company had no ability to help, our Broker Dealer was impenitent, and the regulators were aggressive pursuing vague rules, Jim came like a barricade against an assault we did not understand. Though you pay member dues to be affiliated with FINRA and a B/D, you have no voice. The only thing that is truly heard in this un-level playing field is a bulldog’s bark like Jim’s. I would encourage anyone to call Jim and his team to find a real ally in the tough and complicated world of securities regulation. They are truly the best.

Greg P.


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