Lawsuit seeking to bar Ameriprise broker from contacting his former Edward Jones clients says he deceived some about who he was working for.
The bank, which is expected to begin operations in late 2021, will expand Jones’ securities-based lending menu and give it deposit capabilities.
Corporate employees of Edward Jones in Missouri, Arizona and Canada will trickle back to offices next month but it will be “a long time” before all of the partnership’s 6,500 home-office workers return, managing partner says.
Wirehouse will allow brokers in about 8% of its branches to return to their offices after four months of working from home, but like many companies is unlikely to open in densely populated areas until 2021, executives say.
To help brokers sustain themselves during Covid-19 economy, firm servicing middle-class investors offers zero-interest loans to brokers whose production has sunk below 80% of trailing-12 month average.
Missouri broker stipulated that he will not contact former clients until October 2021.
The economic impact of Covid-19 affecting all firms could be particularly harmful to the careers of Edward Jones’ largely homegrown workforce of single-office advisors servicing middle-class Americans.
A former branch office administrator alleges that she faced retaliation after reporting allegedly dismissive remarks from her boss.
Timely interview with Penny Pennington and AdvisorHub CEO Tony Sirianni AdvisorHub’s Publisher & CEO — Tony Sirianni — asked executives…