Edward D. Jones has revealed that revenue-sharing generated $82.4 million for the firm last year. The Securities and Exchange Commission acknowledges that revenue-sharing fees are legal but says the practice should be disclosed to customers.

Edward Jones posted revenue-sharing gains on its Web site earlier this month to meet guidelines hammered out in a recent $75 million federal settlement stemming from charges that the firm improperly steered clients toward a handful of mutual funds that participated in a revenue sharing program.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.