Financial services firm Edward Jones was named the Advisory Solutions Firm of the Year by the Money Management Institute as the firm that most exemplified overall excellence and contributed to the long-term success and sustainability of the wealth management industry, according to George W. Alwin, financial advisor in Shepherdstown.
The award was presented at the Institute's annual Gateway to Leadership Awards Dinner held recently in Chicago. The Money Management Institute is the national association for the managed investment solutions and the wealth management industry. This award recognizes the features and benefits of both of the firm's advisory platforms.
Edward Jones Advisory Solutions is an asset allocation and advisory program that allows investors to select from research or custom models with an initial minimum investment of $50,000. The models use a combination of mutual funds, exchange traded funds and separately managed accounts in the construction of the portfolio and allow clients to delegate asset allocation, investment selection and portfolio rebalancing to Edward Jones.
This program now offers 62 fully discretionary research models, in addition to custom models, which allow investors to design a model to match their unique investment needs. With the program's custom models, clients retain discretion over the investment selection from the list of funds available in the program.
Advisory Solutions has proved popular with Edward Jones clients. The program has grown to more than $75 billion in assets under management since its introduction in August 2008. Advisory Solutions now ranks as the country's 4th largest mutual fund advisory program, according to MMI/Dover Research.
In addition, Edward Jones offers a dual contract separately managed account program with more than $2 billion in assets under management.