None
NL
Edward Jones Set for January Bank Launch to Widen Client Lending Options
['Alex Ortolani', 'Senior Reporter', 'Wealth Management']
wealthmanagement
Edward Jones is on track to launch its in-house bank for advisors in January of next year to give clients more lending options, according to a top executive.
The bank will be used for lending, not for retail banking and checking, which Edward Jones already offers through a partnership with U.S. Bank.
“There are other areas of lending that we want to be able to complement our investment lending to,” Chubak said.
To staff the Edward Jones Generations channel, the firm has been inviting select advisors to training and development programs, Chubak said.
Chubak was speaking about the added offerings on the heels of a Gallup and Edward Jones survey considering the financial habits of people in the U.S. and Canada.