As part of its plans to restructure its business,
The most recent cuts are in addition to some 7,100 positions the bank said it would eliminate earlier this year. In addition to the U.S. cuts, todays announcement will impact 350 employees in the U.K., 250 in the Asia-Pacific region and 900 in Europe, the bank said.
The restructuring will be made throughout next year and will cost the company approximately $256 million.
A call to
Like 2023, 2024 has been good to Edward Jones. The St. Louis-based firm finished the first quarter with higher revenues and more financial advisors on its payroll.
The mammoth coup far outpaces other recruiting deals of recent memory.
Despite the apparent decline, the independent broker-dealer giant remains one of the leaders in advisor recruiting and merger and acquisition deals.
Many factors can influence the timing of a person's retirement, but new research shows nothing comes close to health problems.
More than a third of financial advisors will retire in the next decade in a profession in which nearly 3 out of 4 rookies fail to make the grade, creating a headcount problem for the industry.
Advisors and other leaders in the profession have a unique window into what "wealth" really means. Here's how they defined it.
