Edward Jones was founded by Edward D. Jones Sr. in 1922 in St. Louis‚ Missouri to help individuals pursue their serious‚ long-term financial goals. Since then‚ Edward Jones has gained its success by taking a personal approach to business by believing in creating long-term relationships with clients. Today‚ Edward Jones is a leader in the financial services industry as the firm serves nearly 7 million investors. Furthermore‚ Edward Jones is the largest partnership on Wall Street and ranks #5 on Fortune
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TAL-7298-A APR 2012 Page 1 of 2 Compensation Fact Sheet Competitive Compensation* Edward Jones’ performance-based compensation program is designed to support Financial Advisors as they transition careers and build their professional practice. Compensation may include: •Trainee Pay •Salary •Commissions •Bonuses •Profit Sharing •Travel Program and the type of product. Commission payout ranges are generally as follows: Financial Advisor Commission Payout Range Year 1 Year 2 Year 3 Year 4
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Strategic Direction and International Expansion The strategic direction of Edward Jones is something that is constantly changing due to the steady growth and expansion of the company. Currently we have been attempting to implement a strategy where we achieve growth not by gaining new clients‚ but by holding a higher portion of our current client’s total assets. By digging deeper into our client’s wallets‚ we feel that we will be able to keep our company tradition and have deeper relationships
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EDWARD JONES: VALUES AND GOALS A fourteen year veteran of Edward Jones counted one of the perks of her job as reading client "thank you" notes penned when children went to college‚ or when retirements were launched a little bit early (Wolfe‚ 22 Feb 2002). This veteran could have counted many other types of perks such as salary‚ career advancement‚ etc.‚ but she did not. She stated the intangible‚ intrinsic benefits like “thank you” notes and personal greetings. Many other employees stated similar
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Werther Individual Memo Edward Jones Executive Summary This memorandum addresses some of the key issues with Edward Jones‚ which includes the lack of an online presence‚ possible cannibalization from larger firms‚ and the inability to manage funds from institutional investors. I conclude that the most effective of all of the theorized strategies would be a combination of Edward Jones’ original business model with an online platform. This plan would allow Edward Jones to stay true to its fundamentals
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$ 0 ! & C ) * 2/8/2012 – V1 % D C $ 7 /( Business Plan Proposal (Please answer each question thoroughly. Email this document to your recruiter when completed) 1. Describe your vision for building your practice at Edward Jones. How do you plan to add value to the clients and communities you will serve? 2. Please detail the prospective types of clients you believe will allow you to build your business to fulfill your vision. 3. Why do you think that these types
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Session 5 Tuesday‚ Feb. 1 Case: Edward Jones in 2006: Confronting success. [9-707-497] Retail Financial Services in 1998 (skim for major trends) [799051] Reading: Hambrick‚ D. C. and Fredrickson‚ J. “Are You Sure You Have a Strategy?” Academy of Management Executive‚ November‚ 2001. Focus questions: (1) Using Hambrick and Fredrickson’s Strategy Diamond framework‚ what is Edward Jones’ strategy as of 2006? Which elements of the strategy represent recent
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Executive Summary Edward Jones is a brokerage house with a unique strategy. . Their unique focused strategy was based on having multiple offices around the country ‚ each of them having one Financial Advisor ( FA’s ). Edward Jones invests a lot in employees with low experience in order to train them their way. This gives them very low turnover. Moreover Edward Jones focuses on suburban zones. What strategy should Edward Jones be using in the future? Company Overview Since it was founded in
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Pay-for-Performance: Incentive Reward Program Pay-for-Performance: Incentive Reward Program The question of “how much does this job pay?” comes easily to most employees however they sometimes fail to recognize the complex nature that compensation and benefit programs have within an organization. There needs to be a distinct balance between these two areas – addressing the needs of the workforce but at a reasonable cost
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available at every table‚ with menus‚ and at the cash register for customers. I will enhearten all customers to give their honest opinion on the quality of service and food they received from us today. I would utilize the example of Tim Kirley‚ CEO of Edward Jones‚ and I would administer a staff survey as well. After receiving feedback from the owners‚ customers‚ and staff‚ I believe this would give me most of the facts that will avail me
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