Bank Index
Edward Jones
Broker or investment firm · Des Peres, United States
Edward Jones is a retail brokerage and advice firm owned by The Jones Financial Companies, a Missouri registered limited liability limited partnership with 33,160 individual partners. Its 10-K states plainly that Edward Jones is a registered broker-dealer and investment adviser in the United States and that EJ Canada is a registered investment dealer, and that the firm primarily serves individual investors. It operated 14,916 branch offices at 31 December 2025, of which 14,340 were in the United States and 576 in Canada, with more than 20,000 financial advisors, about 55,000 associates and USD 2.5 trillion of client assets under care. Revenue was USD 17.9bn in 2025. It holds no banking licence today: in February 2026 Utah regulators and the FDIC conditionally approved an application to establish Edward Jones Bank as a Utah-chartered industrial bank, which the partnership expects to open by early 2027. Cash is swept to FDIC-insured third-party banks under the Insured Bank Deposit Program, and the checking account and cards sold under the Edward Jones name are issued by U.S. Bank. For a company looking for an operating account, this is not a bank and does not offer one.
- Legal name
- The Jones Financial Companies, L.L.L.P. (operating subsidiary Edward D. Jones & Co., L.P.)
- Regulated by
- SEC (US broker-dealer and investment adviser), FINRA, CIRO (Canada), OCC (Edward Jones Trust Company)
- Licence confirmed
- yes, on a regulator's own list
- Established
- 1922
- Website
- www.edwardjones.com
Scores, 0 to 10
7.0Financial strength & stability
USD 30.5bn of consolidated total assets and USD 17.9bn of 2025 revenue, 33,160 individual partners, SIPC cover plus private coverage to an aggregate USD 900m, and no material pending legal or regulatory matters reported. · source
5.0United States
14,340 US branch offices and a presence in 68 percent of US counties, but the firm is a broker-dealer serving individual investors, holds no bank charter until Edward Jones Bank opens, and offers no business current account. · source
5.0Business cards (Visa, Mastercard)
An Edward Jones Everyday Solutions Business World Elite Mastercard with no annual fee and 20,000 points on USD 1,500 of spend in 90 days is available, but it is issued by U.S. Bank and there are no business debit or virtual cards. · source
4.5Canada
EJ Canada is a registered investment dealer with 576 branch offices and clears through the Canadian Depository for Securities, yet it serves individual investors and provides no Canadian business banking. · source
3.5Best interest on business balances
Cash earns interest through the Insured Bank Deposit Program, which moves client cash to FDIC-insured third-party banks, but no rate is published on the fee page and there is no business treasury sweep. · source
3.0Crypto-friendly bank
The 2025 Form 10-K contains no mention of cryptoassets or digital assets and Edward Jones publishes no policy on serving crypto businesses. · source
3.0Fast digital onboarding
The firm's model is a personal relationship with a financial advisor in a local branch office, and no online business account opening exists because no business account is sold. · source
3.0Bitcoin
Its January 2026 research note advises against bitcoin for most clients but tells risk-tolerant investors to use bitcoin ETFs capped at 3% to 5% of a portfolio through their adviser, which is price exposure only and aimed at individual investors. · source
2.5Lowest fees
Advisory accounts cost 1.35 percent programme fee plus 0.05 percent platform fee a year and Select Account commissions run from 0.75 percent to 5.75 percent, which is an advice price rather than a low-cost account. · source
2.0Cross-border payments, FX and multi-currency accounts
The partnership operates in two geographic segments only, the United States and Canada, and offers no multi-currency accounts or cross-border payment service for companies. There are no multi-currency accounts, no cash pooling and no host-to-host connections; the firm holds client securities and sweeps client cash to partner banks. · source
2.0Startups & VC-backed companies
The firm's stated aim is to serve individual investors through branch offices, and no venture debt, cap table or pre-revenue company product is offered. · source
2.0Customer satisfaction
Trustpilot rates Edward Jones 1.7 out of 5 and labels it Bad, with recent reviews about escheatment, transfer-out delays and fee transparency. · source
2.0Foreign-owned & non-resident companies
Clients are served face to face through branch offices in the United States and Canada, and the firm publishes no remote onboarding route for foreign-owned or non-resident companies. · source
2.0High-risk verticals (iGaming, cannabis, adult, forex)
Edward Jones opens no business accounts, so it has no onboarding path or published policy for licensed gambling, cannabis, adult or forex operators. · source
1.5Fintech companies that need a partner bank
Edward Jones is a broker-dealer with no safeguarding accounts, no sponsor banking and no payment rail access for electronic money or payment institutions. · source
1.5Online businesses: e-commerce and SaaS
No acquiring, collection accounts or marketplace payouts are offered; revenue comes from advisory fees, commissions and asset-based fees on individual investor accounts. No receiving accounts, API access or accounting integrations are offered, because the firm sells investment advice to individuals rather than banking to software companies. · source
1.0Trade, manufacturing & import-export
No letters of credit, guarantees, documentary collections or supply chain finance appear in the 2025 Form 10-K. · source
1.0Crypto wallet and custody for a business
Edward Jones states on its bitcoin guidance page, updated March 2026, that it does not offer a way to hold or purchase cryptocurrencies, so no business or personal account can hold crypto there. · source
1.0Accept crypto payments
Edward Jones is a broker and adviser with no merchant acquiring, and its site shows no crypto acceptance product, checked September 2026. · source
1.0Ethereum
Edward Jones guidance names only bitcoin ETFs and says it offers no way to hold cryptocurrencies; no ether fund, custody or staking appears on its pages, checked September 2026. · source
1.0Stablecoins (USDC, USDT and others)
No stablecoin holding, payout or settlement service appears on Edward Jones pages, which state it does not offer cryptocurrencies, checked September 2026. · source
Sources
- The Jones Financial Companies, L.L.L.P. Form 10-K for 2025
- Edward Jones firm profile
- Edward Jones accounts, fees and costs
- Edward Jones banking and borrowing solutions powered by U.S. Bank
- SEC XBRL total assets for The Jones Financial Companies
- SEC EDGAR filing index for The Jones Financial Companies (SIC 6211 security brokers and dealers)
- Trustpilot: Edward Jones
Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.