Edward Jones announced its desire to focus on teams. The company shared that by the end of 2023 it will give financial advisors the option to share a branch office with another advisor.
The focus on teaming will provide "both new and familiar industry-leading ways branch teams can help investors achieve what is important to them financially." The company already has begun piloting a multi-financial-advisor model in select markets, which allows three to six advisors to share an office space.
Edward Jones' executives shared that other teaming models may follow. As the firm completes its pilot programs, the firm "could offer other teaming models in the future involving a lead financial advisor, junior advisor and specialists for tax, trust, product, or other client needs."
Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.
