Edward Jones is making a $1 million contribution to the National Urban League and a $200,000 contribution to the St. Louis Urban League.
The purpose of the contribution is “to provide economic empowerment, educational opportunities and the guarantee of civil rights for people of color and underserved urban residents in America,” the St. Louis, Mo.-based company said in a release.
As part of what it described as a five-point commitment to address racism and positively impact opportunities for people of color, Edward Jones said it will also conduct an analysis of pay in its home offices to assess how associates are compensated and take any necessary actions.
It outlined the program’s five points: Giving everyone a voice; continuing its focus on equitable hiring, training, promotional practices and policies; conducting an analysis of pay; continuing racial-equity training and anti-racism personnel policies; and supporting organizations and programs important to its clients, colleagues and communities.
Carson is expanding one of its relationships in Florida while Lido Advisors adds an $870 million practice in Silicon Valley.
The approval of the pay proposal, which handsomely compensates its CEO and president, bolsters claims that big payouts are a must in the war to retain leadership.
Integrated Partners is adding a husband-wife tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.
Futures indicate stocks will build on Tuesday's rally.
Cost of living still tops concerns about negative impacts on personal finances
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
