Edward D. Jones & Co. announced that the company has exceeded its goal of adding at least 1,500 new advisors this year, with the addition of 1,659 new advisors. 

Although Edward Jones' current headcount remains below its 2020 peak of 19,340 due to a hiring freeze during the COVID-19 pandemic and a training program overhaul, the firm is touting recent policy changes as providing a "competitive advantage" in recruiting. 

This update comes after Edward Jones revealed in a regulatory filing that it is enhancing retention efforts through a profit-sharing program targeting some of its largest producers, as reported by AdvisorHub. 

Additionally, next year, Edward Jones will grant "profit interests" to some of its "most successful U.S. financial advisors" based on their tenure and performance, as outlined in the filing. This new program differs from the firm's existing limited partnership offerings, which permit eligible U.S. employees to purchase equity in the company approximately once every four years. 

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