Edward Jones picks up experienced $289M advisor from Charles Schwab

Edward Jones picks up experienced $289M advisor from Charles Schwab
The advisor was with Schwab for 14 years following a military career.
SEP 26, 2023

Edward Jones has a new advisor utilizing its technology capabilities and home office support in Albuquerque, New Mexico.

Financial advisor Andrew Furste joins the firm from Charles Schwab where he spent 14 years and managed more than $289 million in client assets. He previously served in the U.S. Military.

"Edward Jones stood out because of its focus on partnering with financial advisors to provide top-notch resources to serve our clients more completely,” said Furste. “From their digital initiatives to virtual business enablement tools, I’m excited for the access I’ll have to the tools that will strengthen my practice and ability to serve clients.”

He is joined by branch office administrator Judy Bruner.

Edward Jones has welcomed several advisors in recent weeks, including a $167 million advisor who returned to the firm having started his career there eight years ago, and one of the firm’s former office administrators who returned having gained experience as a financial advisor at Wells Fargo Advisors.

In its second quarter results, Edward Jones said its overall head count had increased by 42 advisors compared to the previous quarter and had boosted client assets under its care by 14% year-over-year to $1.8 trillion

Latest News

Edward Jones facing more race bias claims in new lawsuit
Edward Jones facing more race bias claims in new lawsuit

A private partnership, Edward Jones is a giant in the retail brokerage industry with more than 20,000 financial advisors.

Advisor moves: LPL recruitment momentum continues with $815M Northwestern Mutual team
Advisor moves: LPL recruitment momentum continues with $815M Northwestern Mutual team

Meanwhile, Raymond James and Tritonpoint Partners separately welcomed father-son teams, including a breakaway from UBS in Missouri.

SEC chief Atkins signals caution on prediction market ETFs amid broader rethink of novel fund structures
SEC chief Atkins signals caution on prediction market ETFs amid broader rethink of novel fund structures

Paul Atkins has asked staff to solicit public comment on novel ETFs, pausing the clock on as many as 24 filings linked to the booming event contracts market.

Private capital's $1 trillion bet on the American retirement account
Private capital's $1 trillion bet on the American retirement account

From 401(k)s to retail funds, Deloitte sees private equity and credit crossing into mainstream investing on two fronts at once.

Advisor moves: Wells Fargo Advisors pulls in $9.6b in fresh talent during first half of May
Advisor moves: Wells Fargo Advisors pulls in $9.6b in fresh talent during first half of May

Big-name defections from Morgan Stanley, UBS, and Merrill Lynch headline a busy two weeks of recruiting for the wirehouse.

SPONSORED Are hedge funds the missing ingredient?

Wellington explores how multi strategy hedge funds may enhance diversification

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management