Asset managers BlackRock, with its iShares ETFs, and PGIM Investments, have been designated as “Strategic Product Partners” by wealth management firm Edward Jones. The two were formerly designated as “Preferred Partners.”
BlackRock and PGIM Investments will join eight other firms, companies like American Funds, Franklin Templeton, Hartford and John Hancock, that “have the depth and coverage to support future growth at Edward Jones,” according to Edward Jones spokesman John Boul. All partners have “a particular strength or expertise in a specific asset class or investment type” that warrant inclusion on the list.
BlackRock noted that the more than 16,000 Edward Jones financial advisors nationwide have access to the asset manager’s products, educational and practice management content. “Helping individuals to realize their financial goals is a mission that BlackRock believes in deeply,” said Joe DeVico, head of BlackRock’s National Wealth Manager business. “Edward Jones and BlackRock share the recognition of the great privilege and responsibility we each have in managing the assets under care, with which we are entrusted.”
The addition of BlackRock as a Strategic Product Partner will have no impact on Bridge Builder Mutual Funds, a suite of funds available through Edward Jones, said Boul.