The fund will invest 80 percent of its assets in companies tracked by the Nasdaq 100 and the remaining 20 percent in stock index futures and exchange-traded funds, according to the prospectus. The fund can invest up to 20 percent of its assets in the Nasdaq 100s exchange-traded fund, QQQs, and up to five percent in other exchange-traded funds, according to the prospectus.
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.
