Edward Jones Opens Hubs For HNW Clients

Core Insights - Edward Jones is expanding its private client service by establishing new hub offices to attract high-net-worth (HNW) clients [1][2] - The Edward Jones Generations service has opened its first location in Scottsdale, Arizona, with plans for additional hubs in St. Louis, West Palm Beach, and Dallas [2][3] - The hubs will serve as central locations for HNW clients to meet with specialized teams, including tax and estate services [3][6] Expansion Strategy - The firm aims to create destination locations in competitive markets like Dallas, Scottsdale, and Palm Beach, where there is a concentration of advisors [4] - Despite layoffs at the St. Louis home office, the Generations team is expected to scale up based on client needs, including recent additions to a small/medium-sized business M&A referral service [4][5] Service Offerings - Edward Jones Generations targets clients with at least $10 million in assets, providing financial planning and investment management [6] - The service includes cash flow analysis, trust and estate needs, philanthropic strategies, and business owner planning, along with referrals for real estate and succession planning [7]