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Best Places to Work - Small Companies

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Edward Jones

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Rank:6
Company:Edward Jones
Address:12555 Manchester Road, St. Louis, MO 63131-3729
URL:www.edwardjones.com
Year Founded:1922
Number of Full-time Employees:72
Overview:Edward Jones is the largest financial-services firm in the nation in terms of branch offices, with more than 9,200 U.S. branch offices currently. Today, the firm serves more than 7 million clients offering a variety of investments including certificates of deposit, taxable and nontaxable bonds, stocks and mutual funds. Branch offices consist of an investment representative (IR) and one or two branch office administrators (BOAs) and are located in cities and suburbs throughout the nation. The firmOs primary clients are serious, long-term individual investors, many of whom include retired individuals and small-business owners. IRs promote a conservative buy-and-hold investment philosophy offering relatively low-risk, high-quality investments.
CEO:James D. Weddle
Status:Privately Held
Number of Part-time Employees:1
Average Annual Salary - Exempt Employees:$70,654
Average Annual Salary - Non-exempt Employees:$31,206
Number of Job Applicants:not disclosed
Number of Hires (Last Fiscal Year):not disclosed
Voluntary Turnover:14%
Female Employees:40
Percentage of Female Employees:55%
401(K) or 403(B) Match:Yes
Percentage of Match:100% up to $500
Average Hours Training Offered per Year:98
Number of Paid Company Holidays:
Number of paid vacation and personal days:11
Interesting Fact:The firm offers reimbursement up to $5,000 per calendar year for tuition or school expenses. In 2005, hundreds of associates nationwide received a total of $2,237,762 from the tuition assistance program, using the benefit in a variety of ways to improve their professional knowledge and skills. Courses or degrees must be related to possible future career development at Edward Jones.
Best Practices #1:Edward Jones has always viewed associate training as an investment rather than as an expense. ItOs logical, then, that the firm would offer tuition reimbursement up to $5,000 per calendar year for tuition or school expenses. In 2005, hundreds of associates nationwide received $2,237,762 from the tuition assistance program, using the benefit in a variety of ways to improve their professional knowledge and skills. The firm does not require that courses or degrees be associated with an individualOs job responsibilities; however, courses or degrees must be related to possible future career development at Edward Jones. The firm also reimburses for select professional designations, such as the CFP, CFA and CPA, if the designation is required for the associateOs current position. BOA Kaelene Denis of Kailua, Hawaii, not only is using the firmOs tuition reimbursement to pursue her bachelorOs degree in business management but has educational goals beyond that. OIf I survive with my brain intact, I will try to go for my masters degree in business management with the help of Edward Jones,O Kaelene says.
Best Practices 2:If the culture of partnership forms the fabric of Edward Jones, volunteerism is the golden thread that runs through it. Edward Jones associates are notoriously generous with their cash contributions, but they know their time is just as valuable. ItOs not unusual, then, that associates participate during business hours, knowing they donOt have to hide the fact that theyOre temporarily away from their jobs. In his opening televised speech at the 2006 summer regional meetings, Managing Partner James Weddle commended IRs on their charitable efforts. OYou make a difference in your communities,O he said. OYou volunteer, you coach, you fundraise, you teach and you contribute to the well-being of all the places that you call home.O In fact, there are probably as many examples of IRs and BOAs doing charitable work in their communities as there are branches. And there are more than 9,200 branches. ItOs in the culture of the firm and shows up in the types of associates the firm attracts. Hawaii associates serve as Kiwanis and Rotary presidents and officers, and participate in local efforts to do good in the community. Every Edward Jones branch in Hawaii signed up to be a Toys for Tots drop-off location in December 2004 and 2005, for instance.
Differentiating Practice:Faced with health care issues that fall outside the defined coverage of the firmOs comprehensive health care plans, affected associates could find their quality of care and livelihood threatened were it not for Edward JonesO willingness to Ocolor outside the linesO in meeting their needs. In dozens of situations each year, the firm extends coverage well beyond the
Map:Click to map the location of Edward Jones