Edward Jones advisors not only have the option to share offices, but they can now share clients. The firm expects 1,000 advisors to work in teams by year-end.
The second quarter earnings report was the first since Lindsay Hans and Eric Schimpf took over as co-presidents of the division. They succeeded Andy Sieg, who departed for Citigroup in May.
Jeremy Holly, who left the broker/dealer in 2021 to join SageView Advisory Group, has returned to lead strategic business development.
The membership organization for fee-only advisors will now allow for a de minimis amount of commission business, as long as it's relinquished.