Edward Jones is expanding its offerings to include alternative investments available to eligible clients in Edward Jones Generations, the firm’s private client service for U.S. high net worth investors (HNWIs).
This move underscores the firm’s commitment to “providing sophisticated financial products, solutions and personalized experiences for clients with $10 million or more in investable assets.”
Beginning May 5, Edward Jones Generations clients will have “access to alternative investments focused on private markets including private equity, private credit and private real estate.”
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.”
Russ Tipper, Principal and Head of Products at Edward Jones said:
“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.”
Edward Jones entered into a relationship with CAIS, an alternative investment technology platform for financial advisors, to “expand access to a menu of alternative investments for its clients.”
The CAIS streamlined, 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 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.”
Also on May 5, Edward Jones Generations will begin 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.”
In addition to 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.”
CAIS is the alternative investment platform “for independent financial advisors.”
The CAIS platform powers the pre-trade, trade, and post-trade lifecycle of alternative investments “providing financial advisors and alternative asset managers a single operating system for scale and efficiency.”
CAIS reportedly serves over 2,000 wealth management firms that “support more than 50,000 financial advisors who oversee approximately $6 trillion in end-client assets.”