Attached files

file filename
8-K - FORM 8-K - JONES FINANCIAL COMPANIES LLLPd122182d8k.htm
8-K - 8-K - JONES FINANCIAL COMPANIES LLLPd122182d8k1.pdf

Exhibit 99.1

Edward Jones Announces Record Results for Full-Year 2015

The Jones Financial Companies, L.L.L.P., including its principal operating subsidiary, Edward D. Jones & Co., L.P. (collectively, “Edward Jones” or the “Firm”), is pleased to announce its full-year 2015 results.

The Firm achieved record results for number of financial advisors, net revenue and net income before allocations to partners. The Firm strives to help serious, long-term investors achieve their financial goals by understanding their needs and implementing tailored solutions. By continuing to grow its number of financial advisors, the Firm is able to help a greater number of serious, long-term individual investors achieve their financial goals.

Edward Jones ended 2015 with 14,508 financial advisors, a gain of 508 compared to 2014. The Firm ended the year with $876 billion of client assets under care, an increase of $10 billion over 2014.

Net revenue in 2015 was $6.6 billion, 5% higher ($341 million) than 2014. Net revenue growth was driven by a strong increase in fee revenue. Fee revenue increased $383 million (10%) to $4.1 billion from $3.7 billion in 2014. The increase in fee revenue was primarily due to the continued investment of client assets into advisory programs. Net income before allocations to partners for 2015 was $838 million, a 9% ($68 million) increase over 2014.

Financial Highlights

(unaudited, $ in millions, unless otherwise noted)

 

     As of December 31,                
     2015      2014      Change      % Change  

Financial Advisors

     14,508         14,000         508         4

Client Assets Under Care (billions)

   $ 876       $ 866       $ 10         1
     For the years ended
December 31,
               
     2015      2014      $ Change      % Change  

Net Revenue

           

Fee Revenue

   $ 4,089       $ 3,706       $ 383         10

Trade Revenue

     2,425         2,460         (35      –1

Other Revenue, net

     105         112         (7      –6
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Net Revenue

   $ 6,619       $ 6,278       $ 341         5
  

 

 

    

 

 

    

 

 

    

 

 

 

Net Income Before Allocations to Partners

   $ 838       $ 770       $ 68         9