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Does not operate its own bank
- Although Edward Jones does not operate its own bank, it does partner with a group of banks to provide its customers with FDIC insurance on uninvested money.
Jul 29, 2024 · Although Edward Jones does not operate its own bank, it does partner with a group of banks to provide its customers with FDIC insurance on uninvested money. Through this sweep program, Edward Jones clients get many times the normal rate of FDIC protection, which is one advantage over the cash service from J.P. Morgan.
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Feb 29, 2024 · Edward Jones does not serve as a fiduciary except for at the Plan level of retirement plans. This means that their advisors aren't legally required to put their clients' needs ahead of their own. And Edward Jones' compensation disclosure admits that some of its advisor incentives could lead to conflicts of interest.
- Freelance Contributor
- There are multiple ways to get in contact with a member of the Edward Jones team. First, you can use their website's search tool to find a financia...
- Investors with a high net worth are more likely to be able to afford the high fees that Edward Jones charges and may prefer the in-person advice th...
- The average investor looking to set up a regular taxable brokerage account or a college savings account will often find more value elsewhere. The f...
Feb 15, 2024 · Citigroup has abandoned plans to sell checking and savings products through Edward Jones and independent brokerage and advisory firms, a spokesperson confirmed.
Aug 15, 2023 · Edward Jones is a leading financial services firm in the U.S. and through its affiliate in Canada. The firm's nearly 19,000 financial advisors serve more than 8 million clients with a total of...
Jul 2, 2020 · Financial services firm Edward Jones is looking to create a bank for its advisors’ clients, its parent firm, Jones Financial Cos., disclosed Thursday. The firm submitted an application to...
Aug 22, 2024 · Edward Jones clients in the US are to be offered an expanded range of financial services at the firm’s branches after the expansion of some key partnerships. The firm already partners with US...
Aug 21, 2024 · Edward Jones and U.S. Bank will partner to offer Edward Jones' clients in the U.S. co-branded checking accounts and an enhanced credit card offering, beginning in late 2025.
