Edward Jones announced it is expanding its offerings to include alternative investments available to eligible clients in Edward Jones Generations, the firm’s first private client service for U.S. high net worth investors. And this move validates the firm’s commitment to providing sophisticated financial products, solutions and personalized experiences for clients with $10 million or more in investable assets.
Starting May 5, Edward Jones Generations clients will have access to alternative investments focused on private markets including PE, private credit and private real estate. And alternative investments will be delivered through the Edward Jones Advisory Solutions Unified Managed Account (UMA) program, part of the firm’s advisory fee-based solutions. Initially, this offering will be exclusive to Edward Jones Generations clients, with plans to expand the range of alternative investment options and client reach over time.
Edward Jones had partnered with CAIS, a leading alternative investment technology platform for financial advisors, to expand access to a menu of alternative investments for its clients. And the CAIS streamlined and tech-enabled platform is designed to simplify the end-to-end alternative investing experience, enabling financial advisors to more efficiently discover, learn and allocate investment options reducing complexity and saving them time.
Financial advisors who are serving Edward Jones Generations clients will have the opportunity to deepen their knowledge of alternative investment options through CAIS’s on-demand learning platform CAIS IQ and CAIS Live in-person education events, enabling them to help meet clients’ unique needs in this space.
Also on May 5, Edward Jones Generations will start offering ongoing advanced financial planning designed to meet high net worth clients’ complex needs and includes a dedicated team of planning, estate, tax and other strategists. Along with foundational elements of financial planning, Edward Jones Generations financial planning may include more advanced planning capabilities, such as cash flow analysis, complex tax, estate or trust considerations, business owner planning or philanthropic planning.
KEY QUOTE:
“Edward Jones is committed to helping our clients achieve their financial goals, and we are always looking to expand our products, solutions and experiences designed to help make these goals a reality. We believe alternative investments represent an opportunity for our high net worth clients to diversify their portfolios.”
Russ Tipper, Principal and Head of Products at Edward Jones
