Edward Jones Profit Jumps 25% as Wealth-Tech Push Expands

Edward Jones, a major U.S. wealth management firm built around a broad financial-adviser network, benefited from rising asset values and continued inflows of client money in the second quarter. The performance underscores how stronger markets and fresh customer assets can lift revenue and earnings across the wealth management industry, while intensifying competition for advisers and digital capabilities.

Edward Jones reported a 25% year-on-year increase in second-quarter profit, supported by client flows and asset appreciation. Alongside expanding its financial-adviser ranks, the firm is advancing its financial-technology strategy through an investment in personal-finance platform Quicken and the integration of Carefull, software designed to support financial security and monitoring. The initiatives broaden its digital offering as wealth managers invest more heavily in technology-enabled client services.