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Classified in: Business
Subjects: SVY, DEI

Edward Jones' Annual Purpose, Inclusion and Citizenship Report Highlights Commitment to Financial Education


ST. LOUIS, March 14, 2023 /PRNewswire/ -- Financial services firm Edward Jones has released its fifth-annual Purpose, Inclusion and Citizenship Report, "Purpose in Action," which outlines how the firm has partnered for positive impact to help improve the lives of its clients and colleagues, and to better communities and society, for more than a century.

Notably, Edward Jones reached a milestone of educating nearly 450,000 learners through its Edward Jones Financial Fitness program since its inception in 2020 ? tracking toward the firm's goal of reaching 1 million learners by the end of 2025.

The report includes year-end 2022 data and the achievements of Edward Jones' approximately 52,000 associates throughout North America, and highlights some of the many ways the firm brings its purpose to life through three Purpose Impact Areas: Partnering for Lasting Financial Strength, Promoting Healthier Futures and Advancing Inclusive Growth.

The report details the many ways the firm is helping its more than 8 million clients live their personal purposes. Nearly $350 million has been invested by clients in the Edward Jones Charitable Gift Fund, with more than $57 million granted to charities. Additionally, the firm offers 21 plans for 529 education savings plans, and its clients have $14.6 billion invested in them*.

For the first time, this year's report includes Edward Jones' economic impact. With a presence in 68% of the counties in the U.S., Edward Jones' home offices and more than 15,000 branch locations have a tremendous impact on national and local economies in the U.S. and Canada.

In a recent economic assessment**, the firm estimates that in 2021, more than 140,000 jobs were supported by Edward Jones in the U.S. and Canadian markets, translating into $15.3 billion of labor income. This labor income, together with indirect taxes and other income from Edward Jones' business, contributed $20 billion to GDP ($19.5 billion in the U.S. and $0.5 billion in Canada).

"Our aim is simple," said Edward Jones Managing Partner Penny Pennington. "It's to leave people and places better than we found them. Our impact over the past 100 years would not have been possible without the time, treasure and talent of our branch teams and home office associates investing in their local communities. By helping these communities thrive, more people are able to invest in their futures and create more possibilities for themselves and their families."

Highlights from this year's report include:

Partnering for Lasting Financial Strength

Edward Jones' commitment to fostering financial strength reflects the firm's belief in the power of financial knowledge and the personal, needs-based approach its financial advisors take when working with and educating clients and their communities.

The firm's accomplishments include:

Promoting Healthier Futures

Too often, pervasive health issues can negatively impact families' ability to build, maintain and enjoy financial well-being. Edward Jones is committed to its work to promote the financial and emotional well-being of those impacted by health issues, so more people can live enriching lives.

The firm's accomplishments include:

Advancing Inclusive Growth

Edward Jones strives to be a place of belonging where diversity, equity and inclusion are embedded throughout the firm, and where individuals are respected, valued and provided with the necessary resources to reach their individual potential.

The firm's accomplishments include:

The firm's annual Purpose, Inclusion and Citizenship Report is available at edwardjones.com/purposeinaction.

About Edward Jones
Edward Jones is a leading financial services firm in the U.S. and through its affiliate in Canada. The firm's nearly 19,000 financial advisors serve more than 8 million clients with a total of $1.6 trillion in client assets under care at the end of 2022. Edward Jones' purpose is to partner for positive impact to improve the lives of its clients and colleagues, and together, better our communities and society. Through the dedication of the firm's approximately 52,000 associates and our branch presence in 68% of U.S. counties, the firm is committed to helping more people achieve financially what is most important to them. The Edward Jones website is at www.edwardjones.com, and its recruiting website is www.careers.edwardjones.com. Member SIPC.

*Tax issues for 529 plans can be complex. Please consult your tax advisor about your situation. Edward Jones, its financial advisors and associates cannot provide tax or legal advice.
**This information is for general purposes only and is not tax or legal advice. Please consult your tax advisor about individual tax considerations related to charitable contribution deductions. á
***Analysis conducted in 2022 of economic and tax contributions of Edward Jones' operations in the U.S. and Canada in 2021

SOURCE Edward Jones


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