For the 18th time, Edward Jones ranked No. 1 in REP magazine's annual survey of the nation's six largest financial services firms, according to local financial advisors Tim Cleveland, James Berston, Janice Rice, Ron Bankofier and Andy Rice.
The magazine randomly selects financial advisors nationwide and asks them to rank their firms in various categories.
Edward Jones' overall score was 9.3 out of 10 possible points. Additionally, 96 percent of respondents said they believe Edward Jones is the best firm to work for in the financial services industry.
"This honor is a testament to the enduring strength of our firm values, our trade offs and our partnership," said Managing Partner Jim Weddle. "We are guided by a clear mission to serve the serious, long-term individual investor and a strong culture that gives us a very real sense of pride in the important work that we do."
Some of Edward Jones' highest scores were 9.7 for ethics, 9.3 for clarity of client account statements, 9.5 for client access to online account information and 9.7 for the high quality of the firm's branch office administrators.
According to REP, between Sept. 6 and Oct. 26, invitations were emailed to print subscribers and advisors from various firms in the Meridian-AIQ database requesting participation in an online survey. By Oct. 26, approximately 3,402 completed responses were received. Reps rated their current employers on 33 items related to their satisfaction. Ratings are based on a 1 to 10 scale, with 10 representing the highest satisfaction level.
Edward Jones' 12,000-plus financial advisors work directly with nearly 7 million clients to understand their personal goals -- from college savings to retirement -- and create long-term investment solutions that emphasize a well-balanced portfolio and a buy-and-hold strategy.
In January 2012, for the 13th year, Edward Jones was named one of the best companies to work for by Fortune Magazine in its annual listing. The firm ranked No. 5 overall and No. 3 in large-size companies.