For the 18th time, the financial services firm Edward Jones ranked No. 1 in REP magazine's annual survey of the nation's six largest financial services firms, according to Matthew De Vries an Edward Jones financial advisor in West Fargo, North Dakota The magazine randomly selects financial advisors nationwide and asks them to rank their firms in various categories.
Edward Jones' overall score was 9.3 out of 10 possible points. Additionally, 96% of respondents said they believe Edward Jones is the best firm to work for in the financial services industry.
"This honor is a testament to the enduring strength of our firm values, our trade offs and our partnership," said Managing Partner Jim Weddle. "We are guided by a clear mission to serve the serious, long-term individual investor and a strong culture that gives us a very real sense of pride in the important work that we do. According to the magazine, the firm's culture 'remained a critical key to the firm's high scores, advisors said, praising Edward Jones' partnership platform and commitment to clients.'"
Some of Edward Jones' highest scores were 9.7 for ethics, 9.3 for clarity of client account statements, 9.5 for client access to online account information and 9.7 for the high quality of the firm's branch office administrators.
According to REP, between Sept. 6 and Oct. 26, 2012, invitations were emailed to print subscribers and advisors from various firms in the Meridian-AIQ database requesting participation in an online survey. By Oct. 26, 3,402 completed responses were received. Reps rated their current employers on 33 items related to their satisfaction. Ratings are based on a 1 to 10 scale, with 10 representing the highest satisfaction level.
Edward Jones provides financial services for individual investors in the United States and, through its affiliate, in Canada. Every aspect of the firm's business, from the types of investment options offered to the location of branch offices, is designed to cater to individual investors in the communities in which they live and work. The firm's 12,000-plus financial advisors work directly with nearly 7 million clients to understand their personal goals -- from college savings to retirement -- and create long-term investment solutions that emphasize a well-balanced portfolio and a buy-and-hold strategy. Edward Jones embraces the importance of building long-term, face-to-face relationships with clients, helping them to understand and make sense of the investment options available today.
In January 2012, for the 13th year, Edward Jones was named one of the best companies to work for by FORTUNE Magazine in its annual listing. The firm ranked No. 5 overall and No. 3 in Large Size Companies. These 13 FORTUNE rankings include top 10 finishes for nine years, consecutive No. 1 rankings in 2002 and 2003, and consecutive No. 2 rankings in 2009 and 2010. FORTUNE and Time Inc. are not affiliated with and do not endorse products or services of Edward Jones.