Edward Jones ranked No. 1 full-service brokerage
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The financial services firm Edward Jones has been ranked No. 1 among
full service brokers by Kiplinger’s Personal Finance magazine,
according to Pete Peterson, the firm’s Costa Mesa investment
representative. The story appeared in the magazine’s annual special
edition “Stocks ‘03” last October.
Edward Jones ranked ahead of nine of the nation’s largest
brokerages overall based on results in six categories. The firm
received top honors in the categories for best stock picking and best
for low fees.
“Jones charges the lowest commissions among the nine largest full
service brokerages, yet its analysts’ stock picks produced the
highest returns over the last five years,” according to Personal
Finance.
By doing business the way it does, Edward Jones’ focus is on
investors.
“By recommending quality stocks, diversifying and holding for a
long time, we have been able to avoid the disasters and excesses of
the market over time,” said David Otto, the firm’s research director.
Edward Jones, the only major financial services firm advising
individual investors exclusively, traces its root to 1871 and
currently serves nearly six million clients. The firm offers its
clients a variety of investments, including certificates of deposit,
taxable and non-taxable bonds, stocks and mutual funds. The largest
firm in the nation in terms of branch offices, Edward Jones currently
has more than 8,500 offices in the United States and through its
affiliates, in Canada and the United Kingdom. Plans call for
expansion to 10,000 offices by 2003.
To reach Pete Peterson, call (714) 557-8725. To access the Edward
Jones interactive Web site, log on to www.edward.jones.com.
The information for this article was submitted by Edward Jones.
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