May 10, 2005
Jim Weddle '75 Named Managing Partner of Edward Jones
James D. Weddle has been appointed managing partner for Edward Jones. The 52-year-old Weddle joins the firm's executive committee effective today and assumes the role of managing partner January 1. The largest firm in the nation in terms of branch offices, Edward Jones currently has more than 9,000 offices in the United States and, through its affiliates, in Canada and the United Kingdom.
“I'm delighted to announce Jim Weddle as the new managing partner of Edward Jones,” says Bob Virgil, chairman of the firm's succession committee. “He brings the range of skills, experience and wisdom essential to the firm's continued success.”
The St. Louis Business Journal reports, “Weddle has been a general partner of Edward Jones since 1984 and a member of the partnership's management committee. He began working in the research department at Edward Jones while still at DePauw.
After graduating and then getting his MBA from Washington University in 1977, he moved to Connersville, Ind., and established Edward Jones' 200th branch. He became a partner in sales training in 1984, and in 1985, he took over one of the firm's largest revenue-generating units -- mutual fund sales and marketing. He became a member of the management committee in 1986 and moved to branch administration in 1989, where he was responsible for developing the entire East Coast.
For the past five years, Weddle has been in charge of administration of the company's more than 9,000 branch sales offices, including the identification and development of management talent within the company.”
“It's vital that we continue our single-minded focus on doing what's right for our clients,” says Weddle. “This firm's future depends on the hard work of more than 30,000 dedicated Edward Jones associates. We all share a responsibility that we take very seriously -- helping our customers reach their financial goals.”
As managing partner, Weddle “is primarily responsible for running the partnership's business and determining its policies. The managing partner also has the power to appoint and dismiss general partners and to determine the proportion of their respective interests in the partnership," reports the Business Journal.