Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.
Deals & People January 5, 2012
The Principal, Edward Jones Enter Sales Alliance
The Principal Financial Group has entered a retirement plan sales alliance relationship with Edward Jones.
Reported by Rebecca Moore
The Principal is now approved as a preferred retirement plan product provider for Edward Jones’ clients. The formal agreement allows Edward Jones’ financial advisers to sell defined contribution plans with The Principal.
Of Edward Jones’ 12,000-plus financial advisers, 7,000 market 401(k), 403(b) or 457 plans.
“Our relationship with Edward Jones significantly broadens our distribution channels and will help continue the strong sales growth we’ve experienced through national broker-dealers,” said Dan McGee, vice president, managing director of distribution, retirement and investor services for The Principal.
“We believe this relationship with The Principal is a great fit for Edward Jones,” said Edward O’Neal, principal at Edward Jones. “The retirement plan market is a strong focus of Edward Jones, and the quality of our strategic alliance is very important to providing a strong menu of products, services and solutions to help our financial advisers serve the needs of plan sponsors in their communities.”You Might Also Like:
![](https://si-interactive.s3.amazonaws.com/prod/planadviser-com/wp-content/uploads/2024/03/06125141/PA-030624-SEC-finalizes-rule-605-update-1474513420-web-432x243.jpg)
Broker/Dealers Will Be Required by SEC Rule to Disclose More Information on Execution Quality
Rule amendments finalized this week will require broker/dealers to share more information on the quality of stock order executions and...
![](https://si-interactive.s3.amazonaws.com/prod/planadviser-com/wp-content/uploads/2024/02/07160530/PA-020724-SEC-dealer-rule-1143655509-web-432x243.jpg)
New SEC Rule Will Require Major Liquidity Providers to Register as Dealers
The targets of the rule likely include major hedge funds trading in government securities as buyers and sellers.
![](https://si-interactive.s3.amazonaws.com/prod/planadviser-com/wp-content/uploads/2023/11/21091502/PA-112023-FINRA-proposal-1358518659-432x243.jpg)
FINRA Proposal Would Allow Broker/Dealers to Use Projected Performance in Marketing to Retirement Plans
The new rule would permit brokers to use projected performance in communications about qualified retirement plan investing.
« Spark and The Spark Institute Reorganized into One Association