(Bloomberg) -- Edward Jones, the 92-year-old St. Louis brokerage, is looking to head off a projected shortfall of financial advisers by sponsoring training classes at U.S. universities.

The program, to begin at Kansas State University as students return for the fall semester, will prepare prospective U.S. stockbrokers for the Series 7 exam that they must pass before they can trade. Edward Jones, with more than 13,000 advisors, eventually plans to fund the course at 10 schools in partnership with finance education firm Securities Training, the brokerage said today in a statement.

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