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.
A drop in interest rates and easier access to capital has reignited appetite among private equity-backed consolidators, who accounted for 53% of RIA deals so far this year- their highest share since 2021 according to DeVoe & Company.
Also, Advisor CRM announces a new data integration partnership to ease the pain of client onboarding.
Meanwhile, Merrill Lynch intends to continue building its alternative investment platform for wealthy clients.
The co-founder of IFG discussed with InvestmentNews the unique opportunity that remaining independent offers to build a successful firm.
Three industry leaders will join the hybrid RIA's president and LPL alum, Andy Kalbaugh, to help guide its organic and merger-based growth strategy.
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Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
