Edward Jones says it has made some progress toward creating a more diverse workforce since announcing a firmwide initiative last year.
The company’s advisor ranks are now made up of 22% women and 9% people of color, which Edward Jones says shows “progress toward achieving representation goals by the end of 2025.”
In June, when the firm announced its diversity goals, 21% of its advisors were women and 8% people of color, as reported.
By the end of 2025, Edward Jones wants to have 20% people of color and gender parity among leaders in its St. Louis home office, 15% people of color and 40% women among home office general partners, and 15% people of color and 30% women among U.S. advisors.
Edward Jones also reports that its clients invested $1.5 billion in sustainable exchange-traded funds and mutual funds in 2021 and a further $225 million in the Edward Jones Charitable Gift Fund.
The company also provided $328,000 in disaster relief assistance to 76 associates and families from associate and retiree contributions last year and contributed more than $26 million to 259 organizations though corporate, Edward Jones Foundation and associate philanthropic support.
And the company says it has raised more than $30 million through corporate and associate giving since 2016 to support the Alzheimer’s Association.
Edward Jones says it has close to 19,000 financial advisors overseeing $1.8 trillion in assets for more than seven million clients.
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