Maybe interesting news is like fine wine, getting better with age.

Consider this filing from SEC February by Edward Jones to launch its own proprietary fund. This application was also noted July in the Federal Register.

This interesting, unexpected move by the B-D network now has caught the attention of InvestmentNews' Jason Kephart and Bruce Kelly.

The move led the I-News scribes to speculate on the business reasons.

As Kephart notes, the company's website still states, "Edward Jones offers no proprietary products" on its website. Kephart spoke to a Jones partner, Steve Seifert, who said the firm doesn't have plans to introduce other funds this year, whom he quoted as saying, "Our intent is not to be the manufacturers of products."

To read more, click here.  

Edited by: Casey Quinlan


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