Edward Jones said Friday that its more than 15,000 advisors have reached $1 trillion in assets under management.
“This milestone reflects the growth of our firm as we serve new clients, as well as our ability to deeply understand our clients’ comprehensive financial needs and help them meet multiple goals,” said Edward Jones Managing Partner Jim Weddle, in a statement on Friday.
The firm’s advisors serve some 7 million clients. Based in St. Louis, Edward Jones was founded in 1922; it opened its first branch office in 1957.
“We have increased our ability to serve more clients as we simultaneously use our resources to enhance the experience they receive,” Weddle added.
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Edward Jones is privately held and does not release quarterly sales and profit information.