Edward Jones scores record profit of $770 million

Edward Jones reported a record profit of $770 million in 2014, up 14 percent over last year.

In a regulatory filing, the St. Louis-based financial services company reported its net revenue increased 11 percent to $6.28 billion, also a record. Its assets under management also increased by a record 10 percent to $866 billion, and fee revenue increased 20 percent, to $3.71 billion as a result of more client investments and increases in equity markets, according to the company.

Edward Jones announced it added 45 partners, including 13 in the St. Louis area, bringing the company’s total number of partners to 386. The firm ended 2014 with 14,000 financial advisers, which is 842 more than it had the same period the previous year.

The company ranked fourth among Fortune magazine’s 2014 “100 Best Companies to Work For.”

Read more from the St. Louis Business Journal

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