Edward Jones

[Four Cofffee]

Anybody hear why Edward Jones, the US investment people, have withdrawnm from the UK?

[dirty boy]

I thought they were acquired by someone else last year

[Andrew[MG]]

Were they not voted one of the top 10 places to work in the Times last year?

[scotal]

Towry Law bought the Uk arm of Edward Jones late last year.


Some background http://www.ftadviser.com/FinancialAdviser/Advisers...

Edited by scotal on Monday 1st February 16:01

[beano500]

I like that - "miss-match [sic] between ... business model..."

How long's it taken them to work that out then?

[Four Cofffee]

Ah! I see that Towry Law have a lower service charge than EJ, who seem to have under estimated the cost of keeping offices and staff in shire town High Streets and what people are prepared to pay for that service.

I am told that TL are taking back the detailed investment decisions from their local advisers, which has been the EJ model.