Edward Jones is suspending business travel due to the coronavirus pandemic, though it says its advisor offices remain open. Meanwhile, Raymond James is limiting client visits, letting some employees work from home and has canceled a major advisor event set for next month.
“We are encouraging clients and our financial advisors to consider communicating using virtual means, including WebEx, conference call, secure text and online access,” Edward Jones, which has some 18,000 advisors, said in a statement.
The firm has about 14,200 branch offices in the United States and close to 600 in Canada. Its advisors work with about 7 million clients in North America and over $1 trillion in assets.
Earlier this week, the broker-dealer said it was “employing social distancing,” moving training and large events to virtual platforms and ending all business travel through May 31.
“In addition, we’ve enhanced cleaning at branch locations and headquarters offices in St. Louis, Tempe, Arizona, and Mississauga, Canada,” it said.