Edwards David Jones Sr.
|Born||July 29, 1893|
|Died||October 10, 1982|
Edward David Jones Sr. (July 29, 1893 – October 10, 1982) was an funding banker who based the corporate at this time often called Edward Jones Investments.
Adolescence and training
Edward David Jones was born on July 29, 1893 in St. Louis, Missouri. His mom died in childbirth and his father, Ely labored in Central and South America as a practice engineer leaving Jones along with his aunts and uncles. The household moved typically and he spent his early years in Chattanooga, Tennessee and Panama. When his father remarried, they relocated to Bellefontaine, Ohio the place he graduated from Bellefontaine Excessive College in 1913. He graduated from New York College in 1916 with a level in enterprise administration.
He served two and a half years within the U.S. Navy throughout World Warfare I, then launched his financial-services profession as a bond salesman for N. W. Halsy & Firm in New York Metropolis with a single constructing, the Woolworth Constructing, as his first territory.
Later, as a area consultant for New York-based Blair & Co., Edward Jones moved to Ohio, then to St. Louis, the place he left the corporate due to a dispute about his proceeds from a sale. In Ohio he was a livestock auctioneer, later utilizing his information of livestock to boost mules and cattle in Missouri.
On April 19, 1923, Jones married Ursula Griesedieck. They’d 4 youngsters, Ann, David, who died as a baby, Martha and Edward D. “Ted” Jones. Ursula’s household owned breweries together with Stag Beer. Earlier than the ratification of the 21st Modification, repealing prohibition, Jones persuaded the household to take the corporate’s inventory public. When his father-in-law died round 1945, Jones was named president and chairman of the board of the corporate. He divided his days, working at Edward D. Jones & Co. within the morning and at Griesedieck within the afternoon. He bought Stag Beer’s belongings in 1954.
Edward D. Jones & Co.
In 1922, he based Edward D. Jones & Co. in St. Louis as a traditional brokerage home.
In 1942, Jones paid $21,000 plus $4,000 in switch charges for a seat on the New York Inventory Trade. In 1943, Edward D. Jones & Co. merged with Whittaker & Co., which was established in 1871 and was then the oldest brokerage agency west of the Mississippi River.
Edward D. Jones & Co. opened its first department workplace in 1957, in Mexico, Missouri. Jones turned over the administration of the Edward D. Jones & Co. to his son, Ted, in 1968, and diminished his personal workload in 1979. Nonetheless, he continued to insist on being the primary particular person within the workplace daily till his loss of life in 1982 on the age of 89. Jones’ spouse Ursula predeceased him by one yr, dying in 1981. On the time of Jones’ loss of life, Edward D. Jones & Co. had grown to 495 branches in 33 states.