• Home: Leading Financial Advisor Recruiting Firm
  • About Us
    • Meet the Team
    • Testimonials
    • Case Studies
    • Representative Deals
  • Services
    • For Financial Advisors
    • For Independent Business Owners
  • FAQs
  • Articles
  • Podcast
    • Industry Update
    • Independence 101 Series
  • In the News
    • Moves in the News
  • Tools for Advisors
  • Diamond Consultants Advisor Transition Report 2022
  • Edward Jones Advisor Transition Report 2022 edition
  • Merrill Advisor Transition Report 2022 edition
  • UBS Transition Report 2022 edition
  • NEW – Edward Jones Information Hub
  • Merrill Information Hub
  • UBS Information Hub
  • Contact Us
  • Subscribe for Updates

Questions? Call us: 908-879-1002

Contact us...
Diamond Consultants: Financial Advisor Recruiting FirmDiamond Consultants: Financial Advisor Recruiting Firm
  • Home
  • About
    • Meet the Team
      • Mindy Diamond
      • Louis Diamond
      • Howard Diamond
      • Jason Diamond
      • Barbara Herman
      • Deborah Aronson
      • Wendy Leung
      • Cathy Nichols
      • Debbie Wallen
      • Allison Brunwasser
      • Joshua Tomolak
      • Shelley Muzio
      • Caryl Felicetta
      • Donna Riopel
      • Kelly Griffiths
    • Testimonials
    • Case Studies
    • Representative Deals
  • Services
    • For Financial Advisors
    • For Independent Business Owners
      • Sell-Side M&A Advisory
      • Consulting
  • FAQs
  • Articles
    • Subscribe for Updates
  • Podcast
    • Industry Update
    • Independence 101 Series
    • Subscribe for Updates
  • In the News
    • Moves in the News
    • Transition Announcements
  • Tools for Advisors
    • Diamond Consultants Advisor Transition Report 2022
    • Edward Jones Advisor Transition Report 2022 edition
    • Merrill Advisor Transition Report 2022 edition
    • UBS Transition Report 2022 edition
    • NEW – Edward Jones Information Hub
    • Merrill Information Hub
    • UBS Information Hub
    • Other Tools
    • Subscribe to e-Newsletter

In the News

Exclusive: Edward Jones Pilots Shared Office Space for Brokers

Posted by Louis Diamond

March 29, 2021
Louis Diamond Quoted
By Jake Martin

Real estate cost savings and broker demand for more collaboration appear to be putting pressure on Edward Jones to revisit its single-broker model, despite concerns that cohabitation could lead to intra-office competition.

St. Louis-based Edward Jones, the largest U.S. brokerage firm by its more than 19,000 brokers, is piloting a program

Even the consideration of loosening its restrictions on office space marked a “massive change” for the relatively middle-of-the-road firm, according to Louis Diamond, an industry recruiter with Diamond Consultants. Edward Jones may have felt pressure from some large producers or prospective recruits who wanted more of a collegial office environment, he said.

“It seems like an antiquated model and it doesn’t really make sense for someone who wants to have camaraderie or a team around them,” Diamond said. “It seems like a limiting factor to be so strict about it.”The pilot comes also as Jones and other major brokerage firms are contemplating what the workplace will look like as Covid-19 restrictions begin to thaw. Raymond James is piloting flexible office space by consolidating two Houston offices and redesigning the space around hot desks.

That would allow financial advisors to opt to co-locate their practice in shared offices, the company confirmed.

Read more…

You may also be interested in...

Share
0

About Louis Diamond

President – Someone who “looks at every angle from a strategic perspective.” Sophisticated advisors and business owners alike learn quickly that they’ve found the right person in Louis when seeking counsel and clarity on growth, career management and the ever-changing industry landscape. Learn more...

    Recent News & Articles

    • LPL goes straight at wirehouse crown jewels — corner-office brokers — by re-platooning orphaned First Republic insider and making a high payout book portable and saleable
    • The 5 Advisor Archetypes: Which One Are You?
    • What ‘Cultural Fit’ Means And How To Find It
    • Wirehouse Comp Plans for 2024: What’s In, What’s Out
    • Merrill compensation changes ‘very advisor friendly’
    See. Here. Now.
    We're available to answer your questions. Contact us

    Connect with us

    Search

    © 2023 · Diamond Financial Consultants, LLC t/a Diamond Consultants. All rights reserved.*

    • Leading Financial Advisor Recruiting Firm:
    • About
    • Services
    • FAQs
    • Articles
    • Podcast
    • News/Media
    • Tools/Resources
    • Contact
    • Our Locations
    • Privacy Policy
    • Site Map