Our History

Edward Jones was founded in 1922 by Edward D. Jones Sr. in St. Louis, Missouri. Back then, Edward Jones Sr. and his small team of employees didn't talk much about mission statements or guiding principles. They simply lived them every day. If someone had, however, decided to write down a formal mission statement, it would have simply read, “Treat clients fairly by selling appropriate, quality investments, and treat employees as partners in the business.”

Visionary Strategy
Until the mid-1950s, the basic structure and day-to-day operations of Edward Jones more or less resembled that of every other investment brokerage firm. In 1955, however, Edward D. “Ted” Jones Jr., son of the firm’s founder, put forth a visionary new strategy of how investments should be delivered. His experiences with clients had convinced him of one thing – that when important financial decisions are involved, most people prefer to work face-to-face with a trusted professional. So Ted Jones set out on a mission to build a network of small community offices, each run by a single Financial Adviser and a full-time support person. He also made sure that the philosophy for each of those offices was and would always remain the same – provide quality, long-term investments and personal service to individual investors in the local community.

The 1970s proved to be an important decade in the history of Edward Jones. During this time a single decision – ironically, a decision to do nothing at all – would prove highly significant to the firm’s culture and business moving forward. It was during this period that Edward Jones decided not to abandon its partnership structure to go public, as did nearly every other investment firm of the day. .

International Expansion
In 1980, John Bachmann succeeded Ted Jones as the firm’s managing partner. Under John’s leadership and continued focus on a strategic approach to investing, exponential growth of the branch office network continued. The firm extended its reach into Canada in 1994 by setting up an affiliate company in Mississauga and in 1998 when the London affiliate opened its first branch office in the United Kingdom.

In 2006, Jim Weddle, who had joined Edward Jones as an intern in 1976, became the firm’s fifth managing partner. That same year also saw the firm’s office locations exceed the 10,000 mark*, and for the eighth year, Edward Jones was named one of the “100 Best Companies to Work For” in America by FORTUNE magazine in its annual listing. In December of the same year, it was announced that Edward Jones ranked No. 1 for the 14th consecutive year in Registered Representative magazine’s annual brokerage ranking. In 2008, Edward Jones UK was ranked No. 2 on The Sunday Times' 100 Best Companies to Work For list.

To get a more detailed look at our history, view our history timeline.

*Edward Jones Limited does business in the UK as Edward Jones and is a wholly owned subsidiary of Edward D. Jones & Co. LP, a Missouri limited partnership. Edward D. Jones & Co. LP does business in the United States as Edward Jones and is a wholly owned subsidiary of The Jones Financial Companies, LLLP, a limited liability limited partnership.